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Mn Purchase Agreement: What You Should Know
In consideration of Buyer's a. agreeing to this Purchase Agreement, Seller shall pay Buyer an initial commission of 5,000 on the purchase price. 78. 79. b. Seller shall deliver (at the Buyer's expense, if Seller shall not deliver the property) all Real Estate of Seller's to Buyer on or before January 27, 2018, by a date to be agreed upon by Buyer and Seller. 80. 81. c. Seller shall pay to Buyer in the event of forfeiture, or of being unable to perform all of Seller's the requirements of this Agreement or not holding title to the Real Estate; Seller shall pay to Buyer the value for the purchase price of the Real Estate as then determined by the appraisers to be equal to the total of 25,000; and Seller shall pay Buyer the amount of any taxes and liens, or such other amounts as may be due or payable on this Real Estate, within ninety (90) days of accepting this transaction. Seller shall make every reasonable effort to obtain title to the Real Estate, or make the sale of the Real Estate or cause it to be so treated. 82. 83. d. (1) Purchase price of Real Estate purchased by Purchaser is not refundable, in whole or in part, if any 84. (2) The Real Estate Purchased does not meet the requirements of this Agreement or Seller fails to perform in a satisfactory manner or in any other manner or both. 85. Seller shall immediately mail a notice of intent to foreclose, or a notice of intent to sell at an 86. first sale for cash, notice of the intention to foreclose and notice to Buyer; if Seller fails to send the first sale for cash notice to Buyer no settlement of the amount received by Buyer shall be made. 87. (3) Nothing in this Agreement shall create an obligation for Seller to make any settlement with Buyer except in the case of a sale at a first sale for cash. 88. (4) The Buyer may have recourse against Seller for the full Purchase Price of the Real Estate within ten (10) years after purchase of the Real Estate by the Buyer, upon Seller's failure to pay of any amounts owed to Buyer. 89.
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