Return to flip book view

PURCHASE AGREEMENT This form approved by the Minnesota Association of REALTORS which disclaims any liability arising out of use or misuse of this form 2022 Minnesota Association of REALTORS Minnetonka MN 1 Date 2 Page 1 3 BUYER S 4 5 B u y e r s e a r n e s t m o n e y i n t h e a m o u n t o f 6 7 Dollars shall be delivered to listing broker or if checked to no later than two 2 Business Earnest Money Holder 8 10 Days after Final Acceptance Date Buyer and Seller agree that earnest money shall be deposited in the trust account of HYULZ 4VUL VSKLY HZ ZWLJP LK HIV L P OPU OYLL ZPULZZ H Z VM YLJLPW VM OL LHYULZ TVUL VY PUHS Acceptance Date whichever is later 11 Said earnest money is part payment for the purchase of the property located at 12 Street Address 13 City of 14 State of Minnesota Zip Code 15 17 25 28 30 32 HPK W YJOHZL ZOHSS PUJS KL HSS PTWYV LTLU Z _ YLZ HUK HWW Y LUHUJLZ VU OL WYVWLY PM HU PUJS KPUN I UV limited to the following collectively the Property garden bulbs plants shrubs trees lawn watering systems PU NYV UK WL JVU HPUTLU Z Z LTZ L_JS KPUN JVSSHYZ ZOLKZ WSH ZL Z Z VYT ZHZOLZ Z VYT KVVYZ ZJYLLUZ HUK H UPUNZ PUKV ZOHKLZ HUK ISPUKZ YH LYZLZ J Y HPU HUK KYHWLY YVKZ HSHUJLZ KYHWLYPLZ J Y HPUZ HUK PUKV JV LYPUNZ HUK YLH TLU Z V LS YVKZ H HJOLK SPNO PUN HUK I SIZ MHU _ YLZ WS TIPUN _ YLZ NHYIHNL KPZWVZHSZ H LY ZVM LULYZ H LY YLH TLU Z Z LTZ H LY OLH PUN Z Z LTZ OLH PUN Z Z LTZ HPY L_JOHUNL Z Z LTZ LU PYVUTLU HS YLTLKPH PVU Z Z LTZ L N YHKVU HWVY PU Y ZPVU Z TW W TWZ HU LUUHZ JHISL QHJRZ HUK PYPUN HUK HSS TV U Z HSS HUK JLPSPUN ZWLHRLY TV U Z JHYWL PUN H HJOLK TPYYVYZ NHYHNL KVVY VWLULYZ HUK HSS JVU YVSZ ZTVRL KL LJ VYZ KVVYILSSZ OLYTVZ H Z HSS PU LNYH LK WOVUL HUK OVTL H VTH PVU Z Z LTZ PUJS KPUN ULJLZZHY JVTWVULU Z such as intranet and Internet connected hardware or devices control units other than non dedicated mobile devices LSLJ YVUPJZ HUK JVTW LYZ HUK HWWSPJHISL ZVM HYL WLYTPZZPVUZ WHZZ VYKZ JVKLZ HUK HJJLZZ PUMVYTH PVU YLWSHJL ZJYLLUZ KVVYZ HUK OLH PSH VYZ ANY OF THE FOLLOWING IF BUILT IN dishwashers refrigerators wine and beverage refrigerators trash compactors ovens cook top stoves warming drawers microwave ovens hood fans shelving VYR ILUJOLZ PU LYJVTZ ZWLHRLYZ HPY JVUKP PVUPUN LX PWTLU LSLJ YVUPJ HPY S LYZ O TPKP LYZ HUK KLO TPKP LYZ liquid fuel tanks and all controls pool and spa equipment propane tanks and all controls security system equipment ZH LSSP L KPZOLZ OL HIV L TLU PVULK PUJS ZPVUZ AND the following personal property shall be transferred with no additional monetary value and free and clear of all liens and encumbrances 33 County of legally described as 5V P OZ HUKPUN OL MVYLNVPUN SLHZLK _ YLZ HYL UV PUJS KLK 5V P OZ HUKPUN OL MVYLNVPUN OL MVSSV PUN P LT Z HYL L_JS KLK MYVT OL W YJOHZL 36 PURCHASE PRICE 37 38 Seller has agreed to sell the Property to Buyer for the sum of 39 40 which Buyer agrees to pay in the following manner 41 1 percent of the sale price in CASH VY TVYL PU LY Z ZVSL KPZJYL PVU PUJS KPUN LHYULZ TVUL 42 2 percent of the sale price in MORTGAGE FINANCING See following Mortgage Financing section 43 44 3 percent of the sale price by ASSUMING Seller s current mortgage See attached Addendum to Purchase Agreement Assumption Financing 45 46 4 percent of the sale price by CONTRACT FOR DEED See attached Addendum to Purchase Agreement Contract for Deed Financing Dollars CLOSING DATE 47 48 The date of closing shall be MN PA 1 8 22

PURCHASE AGREEMENT 49 50 Date Property located at MORTGAGE FINANCING 51 52 Page 2 This Purchase Agreement IS IS NOT Z IQLJ V OL TVY NHNL UHUJPUN WYV PZPVUZ ILSV 0M IS complete the Check one 53 54 MORTGAGE FINANCING section below If IS NOT proceed to the 6 5 6 2175 87 216 72 8

PURCHASE AGREEMENT 89 90 91 93 94 95 96 97 98 Page 3 Date Property located at Upon delivery of the Written Statement if this Purchase Agreement does not close on the stated closing date for 5 9 65 YLSH PUN V UHUJPUN PUJS KPUN I UV SPTP LK V PU LYLZ YH L HUK KPZJV U WVPU Z PM HU OLU LSSLY may at Seller s option declare this Purchase Agreement canceled in which case this Purchase Agreement is canceled If Seller declares this Purchase Agreement canceled Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement JVU YTPUN ZHPK JHUJLSSH PVU HUK KPYLJ PUN HSS LHYULZ TVUL WHPK OLYL V be forfeited to Seller as liquidated damages In the alternative Seller may seek all other remedies allowed by law Notwithstanding the language in the preceding paragraph Seller may not declare this Purchase Agreement canceled if the reason this Purchase Agreement does not close was due to H LSSLY Z MHPS YL V JVTWSL L VYR VYKLYZ V OL L_ LU YLX PYLK I OPZ 7 YJOHZL NYLLTLU I LSSLY Z MHPS YL V JVTWSL L HU V OLY UHUJPUN LYTZ HNYLLK V IL JVTWSL LK I LSSLY OLYL VY J HU JVU PUNLUJ MVY OL ZHSL HUK JSVZPUN VM LY Z WYVWLY W YZ HU V OPZ 7 YJOHZL NYLLTLU L_JLW HZ ZWLJP LK PU OL JVU PUNLUJ MVY ZHSL HUK JSVZPUN VM LY Z WYVWLY 104 105 106 107 0M OL YP LU H LTLU PZ UV WYV PKLK I OL KH L ZWLJP LK VU SPUL LSSLY TH H LSSLY Z VW PVU KLJSHYL OPZ Purchase Agreement canceled by written notice to Buyer at any time prior to Seller receiving the Written Statement in which case this Purchase Agreement is canceled In the event Seller declares this Purchase Agreement canceled Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement JVU YTPUN ZHPK JHUJLSSH PVU HUK directing all earnest money paid here to be RETAINED BY SELLER REFUNDED TO BUYER 108 110 111 If the Written Statement is not provided and Seller has not previously canceled this Purchase Agreement this 7 YJOHZL NYLLTLU PZ JHUJLSLK HZ VM OL JSVZPUN KH L ZWLJP LK PU OPZ 7 YJOHZL NYLLTLU LY HUK LSSLY shall immediately sign a Cancellation of Purchase Agreement JVU YTPUN ZHPK JHUJLSSH PVU HUK KPYLJ PUN HSS LHYULZ money paid here to be RETAINED BY SELLER REFUNDED TO BUYER Check one Check one 112 2 1 2 0257 17 5 67 5 7 5 7 The Rate shall be locked with the lender s by Buyer 113 Check one 114 7 1 9 86 1 66

PURCHASE AGREEMENT 136 Page 4 Date 137 Property located at 138 LENDER PROCESSING F 6 9 LQDQFLQJ 2QO Seller agrees to pay Buyer s closing fees and TPZJLSSHULV Z WYVJLZZPUN MLLZ OPJO JHUUV IL JOHYNLK V LY UV V L_JLLK 140 This amount is in addition to Seller s Contributions to Buyer s Costs if applicable 141 DVA F81 1 9 LQDQFLQJ RQO Pursuant to federal regulations a one time Funding Fee based on loan 142 amount must be paid at the closing of this transaction as follows 143 paid by Buyer AT CLOSING ADDED TO MORTGAGE AMOUNT Check one 144 paid by Seller 145 127 9 UHJXODWLRQV OLPLW WKH IHHV DQG FKDUJHV X HU FDQ SD WR REWDLQ D 9 ORDQ 146 147 148 150 3 570 17 2 9 7 5 16 56 6 3 86 9 LQDQFLQJ RQO 0 PZ L_WYLZZS HNYLLK OH notwithstanding any other provisions of this contract the purchaser shall not incur any penalty by forfeiture of earnest money or otherwise be obligated to complete the purchase of the Property described here if the contract purchase WYPJL VY JVZ L_JLLKZ OL YLHZVUHISL HS L VM OPZ 7YVWLY LZ HISPZOLK I OL LWHY TLU VM L LYHUZ HPYZ OL purchaser shall however have the privilege and option of proceeding with the consummation of this contract without YLNHYK V OL HTV U VM YLHZVUHISL HS L LZ HISPZOLK I OL LWHY TLU VM L LYHUZ HPYZ 152 127 153 9HULI 9 UHTXLUHPHQWV UHODWLQJ WR SD PHQW RI DOO VSHFLDO DVVHVVPHQWV OHYLHG DQG SHQGLQJ DQG DQQXDO LQVWDOOPHQWV RI VSHFLDO DVVHVVPHQWV FHUWL HG WR HDUO WD HV 154 OTHER MORTGAGE FINANCING ITEMS 155 156 157 Seller 6 5 6 2175 87 216 72 8

PURCHASE AGREEMENT 180 Page 5 Date 181 Property located at 182 Seller will provide access to attic s and crawlspace s 183 Within Calendar Days of Final Acceptance Date all inspection s test s and resulting negotiations if any 184 shall be done Inspection Period 185 186 187 188 189 190 If this Purchase Agreement is contingent upon inspection Buyer may cancel this Purchase Agreement based on the inspection s or test result s by providing written notice to Seller or licensee representing or assisting Seller of Buyer s intent to cancel no later than the end of the Inspection Period If Buyer cancels this Purchase Agreement Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement JVU YTPUN ZHPK JHUJLSSH PVU HUK KPYLJ PUN HSS earnest money paid here to be refunded to Buyer If Buyer does not cancel this Purchase Agreement before the end of the Inspection Period then this Inspection Contingency shall be deemed removed and this Purchase Agreement ZOHSS IL PU M SS MVYJL HUK L LJ 192 OTHER INSPECTION ITEMS 193 194 195 196 6 2 8

PURCHASE AGREEMENT 223 Page 6 Date 224 Property located at 225 DEFERRED TAXES SPECIAL ASSESSMENTS 8

PURCHASE AGREEMENT 267 Page 7 Date 268 Property located at 269 POSSESSION Seller shall deliver possession of the Property Check one 270 00 7

PURCHASE AGREEMENT 320 Page 8 Date 321 Property located at 322 324 325 326 327 RISK OF LOSS If there is any loss or damage to the Property between the Date of this Purchase Agreement and OL KH L VM JSVZPUN MVY HU YLHZVU PUJS KPUN YL HUKHSPZT VVK LHY OX HRL VY HJ VM VK OL YPZR VM SVZZ ZOHSS IL on Seller If the Property is destroyed or substantially damaged before the closing date this Purchase Agreement is canceled at Buyer s option by written notice to Seller or licensee representing or assisting Seller If Buyer cancels this Purchase Agreement Buyer and Seller shall immediately sign a Cancellation of Purchase Agreement JVU YTPUN said cancellation and directing all earnest money paid here to be refunded to Buyer 328 TIME OF ESSENCE Time is of the essence in this Purchase Agreement 329 8 7 21 2

PURCHASE AGREEMENT 371 Page 9 Date 372 Property located at 373 Check appropriate boxes 374 SELLER WARRANTS THAT THE PROPERTY IS EITHER DIRECTLY OR INDIRECTLY CONNECTED TO 375 7

PURCHASE AGREEMENT 403 Page 10 Date 404 Property located at 8 1 P O OL RUV SLKNL HUK UKLYZ HUKPUN VM OL L_WSHUH PVU HIV L LSSLY Z HUK LY Z H OVYPaL HUK PUZ Y J YVRLY 421 and its salesperson to act as dual agents in this transaction 422 Seller Buyer 423 Seller Buyer 424 Date Date 425 CLOSING COSTS LY VY LSSLY TH IL YLX PYLK V WH JLY HPU JSVZPUN JVZ Z OPJO TH L LJ P LS PUJYLHZL OL 426 cash outlay at closing or reduce the proceeds from the sale 427 SETTLEMENT STATEMENT Buyer and Seller authorize the title company escrow agent and or their representatives 428 to disclose and provide copies of the disbursing agent s settlement statement to the real estate licensees involved 429 in the transaction at the time these documents are provided to Buyer and Seller 430 433 25 1 19 670 17 1 5 3523 57

PURCHASE AGREEMENT 444 Page 11 Date 445 Property located at 446 8

PURCHASE AGREEMENT 488 Page 12 Date 489 Property located at 490 491 492 493 I agree to sell the Property for the price and on the terms and conditions set forth above KDYH UHYLHZHG DOO SDJHV RI WKLV 3XUFKDVH JUHHPHQW I agree to purchase the Property for the price and on the terms and conditions set forth above KDYH UHYLHZHG DOO SDJHV RI WKLV 3XUFKDVH JUHHPHQW I FKHFNHG WKLV 3XUFKDVH JUHHPHQW LV VXEMHFW WR attached GGHQGXP WR 3XUFKDVH JUHHPHQW Counteroffer DQG WKH LQDO FFHSWDQFH DWH VKDOO EH noted on the Addendum 494 495 496 497 498 FIRPTA Seller represents and warrants under penalty VM WLYQ Y OH LSSLY IS IS NOT a foreign person i e a Check one 500 501 503 504 non resident alien individual foreign corporation foreign partnership foreign trust or foreign estate for purposes of PUJVTL H_H PVU See lines 430 443 This representation and warranty shall survive the closing of the transaction and the delivery of the deed 505 X X Seller s Signature Date Buyer s Signature 506 X Date X Seller s Printed Name Buyer s Printed Name 507 X X Seller s Signature Date Buyer s Signature 508 X Date X Seller s Printed Name Buyer s Printed Name 509 FINAL ACCEPTANCE DATE PZ OL KH L VU OPJO OL M SS L_LJ LK 7 YJOHZL NYLLTLU PZ KLSP LYLK 511 512 The Final Acceptance Date 7 6 6

WIRE FRAUD ALERT Internet fraud the use of Internet services or software with Internet access to defraud victims is on the rise in real estate transactions THESE SOPHISTICATED CRIMINALS COULD HACK INTO YOUR E MAIL ACCOUNT or the e mail of others involved in your real estate transaction and may direct you to wire money to the hacker s account SEND FRAUDULENT E MAILS that appear to be from your real estate licensee lender or closing agent CALL YOU claiming they have revised wiring instructions Buyers Tenants and Sellers Owners are advised to 1 Never wire funds without confirming the wiring instructions directly with the intended recipient 2 Verify that the contact information for the wire transfer recipient is legitimate by calling a known phone number for the broker or closing agent Do not rely on the information given to you in an e mail communication 3 Never send personal information through unsecured unencrypted e mail If you suspect wire fraud in your transaction 1 Immediately notify your bank closing agent and real estate licensee 2 File a complaint online at the Internet Crime Complaint Center IC3 at http www ic3 gov The undersigned acknowledge receipt of this wire fraud alert and understand the importance of taking proactive measures to avoid being a victim of wire fraud in a real estate transaction Signature Date Signature This form approved by the Minnesota Association of REALTORS which disclaims any liability arising out of use or misuse of this form 2018 Minnesota Association of REALTORS Edina MN MN WFA 8 18 Date