PURCHASE AGREEMENT: VACANT LAND …

1 ER 169-1 (8/15) PURCHASE agreement : VACANT land ( residential )1. Date 2. Page 1 of 3. BUYER (S): 4. %X\HU V HDUQHVW PRQH\ LQ WKH DPRXQW RI 6. Dollars ($ ) shall 7. be delivered to listing broker no later than two (2) Business Days after Final Acceptance Date of this PURCHASE $JUHHPHQW %X\HU DQG 6 HOOHU DJUHH WKDW OLVWLQJ EURNHU VKDOO GHSRVLW DQ\ HDUQHVW PRQH\ LQ WKH OLVWLQJ EURNHU V WUXVW 9. account within three (3) Business Days of receipt of the earnest money or Final Acceptance Date of this PURCHASE 10. agreement , whichever is later. 11. Said earnest money is part payment for the PURCHASE of the property located at12. Street Address: .13. City of , County of State of Minnesota, legally 14. described as 15. 16. LQFOXGLQJ DOO [WXUHV LI DQ\ AND INCLUDING EXCLUDING the following personal property, if any, which shall -----------------------(Check one.)-----------------------18.]

2 Be transferred with no additional monetary value, and free and clear of all liens and encumbrances: 19. 20. (collectively the Property ),21. all of which Property Seller has this day agreed to sell to Buyer for the sum of ($ )22. 23. Dollars, 24. which Buyer agrees to pay in the following manner: 25. 1. CASH of SHUFHQW RI WKH VDOH SULFH RU PRUH LQ %X\HU V VROH GLVFUHWLRQ ZKLFK LQFOXGHV WKH HDUQHVW 26. money; PLUS27. 2. FINANCING of percent (%) of the sale price, which will be the total amount secured against this 28. Property to fund this PURCHASE . 6 XFK QDQFLQJ VKDOO EH D UVW PRUWJDJH FRQWUDFW IRU GHHG or D UVW PRUWJDJH ZLWK VXERUGLQDWH ---------------------------------------- ---------------------------------(Check one.)----------------------------------- ---------------------------------------- ------30. QDQFLQJ, as described in the attached Addendum:31.

3 Conventional FHA DVA Assumption Contract for Deed 2 WKHU ---------------------------------------- ---------------------------------------- -------(Check all that apply.)--------------------------------- ---------------------------------------- -------------------------------32..33. 7KH GDWH RI FORVLQJ VKDOO EH , 20 .34. 6$/( 2) %8<(5 6 3523(57< &217,1*(1&< This PURCHASE agreement IS IS NOT subject to an --------(Check one.)-------35. $GGHQGXP WR 3 XUFKDVH $JUHHPHQW 6 DOH RI %X\HU V 3 URSHUW\ &RQWLQJHQF\. (If answer is IS, see attached Addendum.) 36. (If answer is IS NOT WKH FORVLQJ RI %X\HU V SURSHUW\ LI DQ\ PD\ VWLOO DIIHFW %X\HU V DELOLW\ WR REWDLQ QDQFLQJ LI QDQFLQJ LV DSSOLFDEOH 38. This PURCHASE agreement IS IS NOT subject to cancellation of a previously written PURCHASE agreement dated --------(Check one.)-------39. , 20 . (If answer is IS, said cancellation shall be obtained 40. no later than , 20.)))))

4 MN:PA:VL-1 (8/15)This form approved by the Minnesota Association of REALTORS , which disclaims any liability arising out of use or misuse of this form. 2015 Minnesota Association of REALTORS , Edina, MN100 April15th1688ER 169-2 (8/15) PURCHASE agreement : VACANT land ( residential )41. Page 2 Date 42. Property located at .43. If said cancellation is not obtained by said date, this PURCHASE agreement is canceled. Buyer and Seller shall 44. immediately sign a &DQFHOODWLRQ RI 3 XUFKDVH $JUHHPHQW FRQ UPLQJ VDLG FDQFHOODWLRQ DQG GLUHFWLQJ DOO HDUQHVW PRQH\ 45. paid hereunder to be refunded to Buyer.)46. SPECIAL CONTINGENCIES: This PURCHASE agreement is subject to the following contingencies, and if the FRQWLQJHQFLHV FKHFNHG EHORZ DUH QRW VDWLV HG RU ZDLYHG LQ ZULWLQJ E\ %X\HU E\ , 20 , 48. this PURCHASE agreement is canceled as of said date. Buyer and Seller shall immediately sign a &DQFHOODWLRQ RI 49.

5 PURCHASE agreement FRQ UPLQJ VDLG FDQFHOODWLRQ DQG GLUHFWLQJ DOO HDUQHVW PRQH\ SDLG KHUHXQGHU WR EH UHIXQGHG WR 50. 6 HOHFW DSSURSULDWH RSWLRQV D L 52. (a) BUYER SELLER VKDOO SURYLGH D FHUWL FDWH RI VXUYH\ RI WKH 3 URSHUW\ DW BUYER SELLER ----------------(Check one.)---------------- ----------------(Check one.)---------------- H[SHQVH 54. E %X\HU REWDLQLQJ DSSURYDO RI FLW\ WRZQVKLS RI SURSRVHG EXLOGLQJ SODQV DQG VSHFL FDWLRQV DW 55. BUYER SELLER H[SHQVH ----------------(Check one.)----------------56. (c) Buyer obtaining approval of city/township of proposed subdivision development plans at 57. BUYER SELLER H[SHQVH ----------------(Check one.)----------------58. (d) Buyer obtaining approval of city/township for rezoning or use permits at BUYER SELLER H[SHQVH --------------(Check one.)-------------59. (e) Buyer obtaining, at BUYER SELLER H[SHQVH SHUFRODWLRQ WHVWV ZKLFK DUH DFFHSWDEOH WR %X\HU ---------------(Check one.)]]]]]

6 ---------------60. (f) Buyer obtaining, at BUYER SELLER H[SHQVH VRLO WHVWV ZKLFK LQGLFDWH WKDW WKH 3 URSHUW\ PD\ EH ---------------(Check one.)--------------- LPSURYHG ZLWKRXW H[WUDRUGLQDU\ EXLOGLQJ PHWKRGV RU FRVW 62. J %X\HU REWDLQLQJ DSSURYDO RI EXLOGLQJ SODQV DQG RU VSHFL FDWLRQV LQ DFFRUGDQFH ZLWK DQ\ UHFRUGHG VXEGLYLVLRQ 63. covenants and approval of the architectural control (h) Buyer obtaining, at BUYER SELLER H[SHQVH FRSLHV RI DOO FRYHQDQWV UHVHUYDWLRQV DQG UHVWULFWLRQV ---------------(Check one.)---------------65. affecting the (i) Other: 67. 68.. 6 HOOHU V H[SHQVHV IRU WKHVH FRQWLQJHQFLHV LI DQ\ VKDOO QRW H[FHHG .70. DEED/MARKETABLE TITLE: Upon performance by Buyer, Seller shall deliver a (check one): 71. :DUUDQW\ 'HHG 3 HUVRQDO 5 HSUHVHQWDWLYH V 'HHG &RQWUDFW IRU 'HHG 7 UXVWHH V 'HHG or 72. 2 WKHU 'HHG joined in by spouse, if any, conveying marketable title, subject to73.]]]]]

7 (a) building and zoning laws, ordinances, state and federal regulations;74. (b) restrictions relating to use or improvement of the Property without effective forfeiture provisions;75. (c) reservation of any mineral rights by the State of Minnesota; G XWLOLW\ DQG GUDLQDJH HDVHPHQWV ZKLFK GR QRW LQWHUIHUH ZLWK H[LVWLQJ LPSURYHPHQWV 77. (e) ULJKWV RI WHQDQWV DV IROORZV XQOHVV VSHFL HG QRW VXEMHFW WR WHQDQFLHV 78. ; and I RWKHUV PXVW EH VSHFL HG LQ ZULWLQJ 80. 81.. MN:PA:VL-2 (8/15)8ER 169-3 (8/15) PURCHASE agreement : VACANT land ( residential )82. Page 3 Date 83. Property located at .84. REAL ESTATE TAXES: 6 HOOHU VKDOO SD\ RQ WKH GDWH RI FORVLQJ DOO UHDO HVWDWH WD[HV GXH DQG SD\DEOH LQ DOO SULRU \HDUV 85. including all penalties and Buyer shall pay PRORATED FROM DAY OF CLOSING WKV 2) ALL NO real estate ---------------------------------------- ---------------------------(Check one.]]

8 ---------------------------------------- ---------------------------------------- WD[HV GXH DQG SD\DEOH LQ WKH \HDU .88. Seller shall pay, PRORATED TO DAY OF CLOSING WKV 2) ALL NO UHDO HVWDWH WD[HV ---------------------------------------- -----------------------(Check one.)----------------------------------- --------------------------------------89 . due and payable in the year 20 ,I WKH FORVLQJ GDWH LV FKDQJHG WKH UHDO HVWDWH WD[HV SDLG VKDOO LI SURUDWHG 90. be adjusted to the new closing date. %X\HU VKDOO SD\ UHDO HVWDWH WD[HV GXH DQG SD\DEOH LQ WKH \HDU IROORZLQJ FORVLQJ DQG WKHUHDIWHU WKH SD\PHQW RI ZKLFK 92. is not otherwise herein provided. No representations are made concerning the amount of subsequent real estate WD[HV 94. DEFERRED TAXES/SPECIAL ASSESSMENTS:95. BUYER SHALL PAY SELLER SHALL PAY RQ GDWH RI FORVLQJ DQ\ GHIHUUHG UHDO HVWDWH WD[HV ---------------------------------------- -----(Check one.]]]]]]

9 ---------------------------------------- ------96. ( Green Acres) or special assessments, payment of which is required as a result of the closing of this BUYER AND SELLER SHALL PRORATE AS OF THE DATE OF CLOSING SELLER SHALL PAY ON ---------------------------------------- ---------------------------------------- ---------------------(Check one.)----------------------------------- ---------------------------------------- ---------------------------98. DATE OF CLOSING DOO LQVWDOOPHQWV RI VSHFLDO DVVHVVPHQWV FHUWL HG IRU SD\PHQW ZLWK WKH UHDO HVWDWH WD[HV GXH DQG 99. payable in the year or BUYER SHALL ASSUME SELLER SHALL PAY on date of closing all other special assessments levied as ---------------------------------------- -----(Check one.)----------------------------------- -----------101. of the date of this PURCHASE BUYER SHALL ASSUME SELLER SHALL PROVIDE FOR PAYMENT OF special assessments pending as ---------------------------------------- ---------------------------(Check one.)]

10 ---------------------------------------- -------------------------------103. of the date of this PURCHASE agreement for improvements that have been ordered by any assessing authorities. 6 HOOHU V SURYLVLRQ IRU SD\PHQW VKDOO EH E\ SD\PHQW LQWR HVFURZ RI WZR WLPHV WKH HVWLPDWHG DPRXQW RI WKH DVVHVVPHQWV RU OHVV DV UHTXLUHG E\ %X\HU V OHQGHU 106. Buyer shall pay any unpaid special assessments payable in the year following closing and thereafter, the payment of 107. which is not otherwise herein As of the date of this PURCHASE agreement , Seller represents that Seller HAS HAS NOT received a notice ----------(Check one.)-------------109. regarding any new improvement project from any assessing authorities, the costs of which project may be assessed 110. against the Property. Any such notice received by Seller after the date of this PURCHASE agreement and before 111. closing shall be provided to Buyer immediately.