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.

2 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. 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.]

3 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. Conventional FHA DVA Assumption Contract for Deed 2 WKHU ---------------------------------------- ---------------------------------------- -------(Check all that apply.)

4 ---------------------------------------- ---------------------------------------- ------------------------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.)))))

5 -------39. , 20 . (If answer is IS, said cancellation shall be obtained 40. no later than , 20 .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.)

6 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. 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.

7 ---------------- ----------------(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.)]]]]]

8 ---------------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.]]]]]

9 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. (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.]

10 (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.)----------------------------------- ---------------------------------------- ----- WD[HV GXH DQG SD\DEOH LQ WKH \HDU.]]