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135 Schoolhouse Loop - Buy-Sell Agreement (Land) -01.31.191 2 3 4 5 6 7 8 9 10 11 12 13 14 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 40 43 44 45 46 47 48 49 15 16 37 38 39 41 42 BUY-SELL AGREEMENT (Land) This Agreement stipulates the terms of sale of this property. Read carefully before signing. This is a legally binding contract. If not understood, seek competent advice. Date: , as joint tenants with rights of survivorship, tenants in common, single in his/her own right, Other (hereinafter called "Buyer") agrees to purchase, and the Seller agrees to sell the following described real in the City of , County of . Montana, legally described as: TOGETHER with all interest of Seller in vacated streets and alleys adjacent thereto, all easements and other appurtenances thereto, uncut timber and non-harvested crops and all improvements thereon except: PERSONAL PROPERTY: The following items of personal property, free of liens and without warranty of condition, are . PURCHASE PRICE AND TERMS: $ $ Earnest Money (credited to Buyer at closing) $ Balance Due (not including closing costs, prepaids and prorations) payable as follows CLOSING DATE: The date of closing shall be (date) (the "Closing Date"). The parties may, by mutual agreement, close the transaction anticipated by this Agreement at any time prior to the date specified. The Buyer and Seller will deposit with the closing agent all instruments and funds necessary to complete the purchase in Buyer's Initials//Seller's Initials property (hereinafter referred to as "Property"), commonly known as included and shall be transferred by the bill of sale: accordance with this Agreement. If third party financing is required by the terms of this Agreement (including Page 1 of 8 . ©2017 Montana Association of REALTORS® Buy-Sell Agreement Land, October 2017 POSSESSION: Seller shall deliver to Buyer possession of the property and allow occupancy: when the closing agent is in receipt of all required, signed documents and all funds necessary for the purchase; OR upon recording of the deed or notice of purchaser's interest, OR 50 51 52 53 54 Seller shall provide keys and/or means to operate locks, mailboxes, security systems, alarms, garage door opener(s), and Homeowner's Association facilities, if applicable. assumptions, contracts for deed, and lender financing), the Closing Date may be extended without amendment by not more than days to accommodate delays attributable solely to such third party financing. 55 56 Purchase Price: (U.S. Dollars) (check one): All cash at closing (no financing contingency); OR Additional cash down payment at closing in the minimum amount of: OR % of the Purchase Price. Conventional Other Financing Seller Financing Assumption Home Equity Other $ Balance to be financed as indicated below: 01/30/2019 Haig J Ermoian 8 135 Schoolhouse Loop 59901 Kalispell Flathead OLD SCHOOL STATION, S33, T28 N, R21 W, Lot 6 na na One Hundred Fifty Thousand150,000.00 5,000.00 145,000.00 8 8 70,000.00 8 03/28/2019 10 8 This form presented by Luke Underhill | PureWest Real Estate (2917) - | 406-837-7050 | luke.underhill@gmail.com Authentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483FAuthentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483F 646566 67 68 73 7069 72 71 76 75 74 777879 80 818283 86 85 84 87 88 89 92 90 93 94 95 96 97 91 98 FINANCING CONDITIONS AND OBLIGATIONS: BUYER'S REPRESENTATION OF FUNDS: Buyer represents that they have sufficient funds for the down payment and closing costs to close this sale in accordance with this Agreement and are not relying upon any contingent source of such funds unless otherwise expressly set forth herein. LOAN APPLICATION: If Buyer fails to make written application for financing and pay to the lender any required fees, apply for assumption of an existing loan or contract, or initiate any action required for completion of a contract for deed by 5:00 P.M. (Mountain Time) (date) Buyer will be in breach of this Agreement and Seller can exercise Seller's remedies under this Agreement. /Page 2 of 8 /Buyer's Initials Seller's Initials 63 61 60 62 58 59 57 99 100 101 102 103 104 105 ©2017 Montana Association of REALTORS® Buy-Sell Agreement Land, October 2017 106 107 108 CONTINGENCIES: The contingencies set forth in this Agreement or on attached addenda shall be deemed to have been released, waived, or satisfied, and the transaction shall continue to closing, unless, by 5:00 p.m. (Mountain Time) on the date specified for each contingency, the party requesting that contingency has notified the other party or the other party's Broker/Salesperson in writing that the contingency is not released, waived, or satisfied. If a party has notified the other party on or before the release date that a contingency is not released, waived, or satisfied, the transaction is terminated, and the earnest money will be returned to the Buyer, unless the parties negotiate other terms or provisions. 109 FINANCING CONTINGENCY: This Agreement is contingent upon Buyer obtaining the financing specified in the section of this Agreement entitled "PURCHASE PRICE AND TERMS". If financing cannot be obtained by the Closing Date this Agreement is terminated and the earnest money will be refunded to the Buyer. 110 APPRAISAL CONTINGENCY: Property must appraise for at least does not appraise for at least the specified amount, this Agreement is terminated and earnest money refunded to the Buyer unless the Buyer elects to proceed with closing this Agreement without regard to appraised value. Written notice of Buyer's election to proceed shall be given to Seller or Seller's Broker/Salesperson within days of Buyer or Buyer's Broker/Salesperson receiving notice of appraised value; OR This agreement is contingent upon the Property appraising for at least 111 112 PAYMENT/RECEIPT OF EARNEST MONEY: Buyer agrees to provide Earnest Money in the amount of U.S. Dollars ($ ) as evidenced by Cash; OR Check, the receipt of which is acknowledged by the undersigned Broker/Salesperson; OR, . (Broker/Salesperson's Printed Name and Phone Number) (Signature of Broker/Salesperson) To be signed only if in actual receipt of cash or check If Buyer fails to pay the Earnest Money as set forth above, Buyer will be in default of this Agreement and Seller shall be entitled to immediately terminate this Agreement and declare any Earnest Money already paid by Buyer to be forfeited. DEPOSIT OF EARNEST MONEY: All parties to this transaction agree, unless otherwise provided herein, that the earnest monies will be deposited or delivered by the Broker/Salesperson listed above within ( ) business days of the date all parties have signed the Agreement or and such funds will be held in a trust account by . The parties agree that interest accruing on earnest money, if any, while deposited shall be payable to the holder of the earnest money unless otherwise agreed herein. If interest is payable to the holder of the earnest money it is agreed that sums so paid are consideration for services rendered. The parties authorize the holder of the earnest money to forward to the closing agent, upon its request, all or any portion of the earnest money required to complete the closing of the transaction. the Purchase Price OR at least $ . If the Property 113 114 the Purchase Price OR at least $ . Release Date: . 5,000.00 This form presented by Luke Underhill | PureWest Real Estate (2917) - | 406-837-7050 | luke.underhill@gmail.com Five Thousand 8 Check to be provided upon acceptance of offer Charles R Shields (406) 270-6538 5 Fidelity Title 8 8 8 5 Authentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483FAuthentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483F 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 135 136 137 138 139 140 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 134 141 142 This offer is contingent upon Release Date: ADDITIONAL PROVISIONS: /Page 3 of 8 /Buyer's Initials Seller's Initials PROPERTY INVESTIGATION: This offer is contingent upon Buyer's independent investigation of the following conditions relating to the property, including but not limited to; covenants, zoning, access, easements, well depths, septic and sanitation restrictions, surveys or other means of establishing the corners and boundaries, special improvement districts, restrictions affecting use, special building requirements, future assessments, utility hook up and installation costs, environmental hazards, airport affected area, road maintenance obligations or anything else Buyer deems appropriate. Buyer agrees that any investigations or inspections undertaken by Buyer or on his/her behalf shall not damage or destroy the property, without the prior written consent of Seller. Further, Buyer agrees to return the property to its original condition and to indemnify Seller from any damage or destruction to the property caused by the Buyer's investigations or inspections, if Buyer Release Date: This offer is contingent upon Release Date: 159 160 161 162 163 164 165 ©2017 Montana Association of REALTORS® Buy-Sell Agreement Land, October 2017 166 . 167 168 169 170 does not purchase the property. 171 172 TITLE CONTINGENCY: This Agreement is contingent upon Buyer's receipt and approval (to Buyer's satisfaction) of the preliminary title commitment (the “Commitment”) issued for the Property. Release Date: days from Buyer's or Buyer Broker’s/Salesperson’s receipt of the Commitment. Buyer may approve the Commitment subject to the removal of specified exceptions. However, Buyer may not object to the standard pre-printed exceptions (general exceptions not unique to the Property). If Buyer provides Seller written objections to the Commitment prior to the release date above, Seller shall have ten (10) days from receipt of those objections to satisfy said objections or propose to Buyer a plan by which the objections would be satisfied within a time frame satisfactory to Buyer. If within said ten (10) day period Seller has not either satisfied Buyer’s objection to the Commitment or proposed to Buyer a plan by which the objections would be satisfied, Buyer shall have three (3) days after expiration of said ten (10) day period to notify Seller whether Buyer desires to (i) terminate this Agreement in which case the earnest money shall be returned to the Buyer or (ii) waive said objections in which case this Agreement shall remain in full force and effect. The two remedies stated above shall be Buyer’s sole remedies if Seller and Buyer are unable to resolve Buyer’s objections to the Commitment. 115 116 117 This form presented by Luke Underhill | PureWest Real Estate (2917) - | 406-837-7050 | luke.underhill@gmail.com 5 02/28/2019 Seller to have corner pins flagged by a licensed surveyor at Seller's expense. Seller agrees to finance $75,000.00 using a Montana Trust Indenture at 5% annual rate for 3 years. The interest shall be simple and calculated on the principal balance at the end of each month. Payments shall be interest only and due by the 10th of the following month. Buyer reserves the right to pay additional principal payments without penalty. A ballon payment will be due upon the 3rd anniversary of the first payment. Buyer will be credited with all interest and principal payments. Seller agrees to open account with Escrow Services, buyer agrees to pay monthly maintenance of the account. Seller agrees to subordinate his interest in the mortgage to a construction lender if required. Monthly Interest payment calculation: Payment = Principal Balance x .05 (annual interest)/12 months. Where principal balance is the net outstanding principal after all principal payments have been applied. Authentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483FAuthentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483F 176 177 178 179 180 181 199 200 201 202 203 204 205 206 208 209 210 211 212 213 207 214 215 /Page 4 of 8 /Buyer's Initials Seller's Initials SPECIAL IMPROVEMENT DISTRICTS: Special Improvement Districts (including rural SIDs), including those that have been noticed to Seller by City/County but not yet spread or currently assessed, if any, will be: paid off by Seller at closing; assumed by Buyer at closing; OR All perpetual SIDs shall be assumed by Buyer. 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 216 217 218 219 220 221 222 ©2017 Montana Association of REALTORS® Buy-Sell Agreement Land, October 2017 CONDITION OF TITLE: All mortgages, judgements and liens shall be paid or satisfied by the Seller at or prior to closing unless otherwise provided herein. Seller agrees that no additional encumbrances, restrictions, easements or other adverse title conditions will be placed against the title to the property subsequent to the effective date of the preliminary title commitment approved by the Buyer. 223 224 225 WATER RIGHT OWNERSHIP UPDATE DISCLOSURE: By Montana law, failure of the parties at closing or transfer of real property to pay the required fee to the Montana Department of Natural Resources and Conservation for updating water right ownership may result in the transferee of the property being subject to a penalty. Additionally, in the case of water rights being exempted, severed, or divided, the failure of the parties to comply with section 85-2-424, MCA, could result in a penalty against the transferee and rejection of the deed for recording. CLOSING AGENTS FEES: Closing agents fees will be paid by Seller Buyer Equally Shared. TITLE INSURANCE: Seller, at Seller's expense and from a title insurance company chosen by Seller, shall furnish Buyer with an ALTA Standard Coverage Owners Title Insurance Policy (as evidenced by a standard form American Land Title Association title insurance commitment) in an amount equal to the purchase price. Buyer may purchase additional owner's title insurance coverage in the form of "Extended Coverage" or "Enhanced Coverage" for an additional cost to the buyer. It is recommended that buyer obtain details from a title company. SECTION 1031 LIKE-KIND EXCHANGE: If either Buyer or Seller intends for this transaction to be part of a Section 1031 like-kind exchange, then the other party shall cooperate in the completion of the like-kind exchange provided the cooperating party does not incur any additional liability or cost in doing so. Any party who intends for this transaction to be part of a Section 1031 like-kind exchange may assign their rights under this Agreement to a qualified intermediary or any entity expressly created for the purposes of completing a Section 1031 like-kind exchange, notwithstanding the prohibition against the Buyer’s assignment of this Agreement set forth in the “Binding Effect and Non-Assignability" section below. MINERAL RIGHTS: "Mineral rights" is a term used to describe the rights the owner of those rights has to use, mine, and/or produce any or all of the minerals and hydrocarbons including oil, gas, coal, sand, gravel, etc. lying below the surface of property. These mineral rights may be separate from the rights a property owner has for the surface of a property. In some cases, these mineral rights have been transferred to a party other than the property owner and as a result the subsurface mineral rights have been severed from the property owner's surface rights. If the mineral rights have been severed from the surface rights, the owner of the mineral rights has the right to enter the land and occupy it in order to mine the minerals even though they don't own the property. The undersigned Buyer acknowledges and agrees that neither the Seller nor the brokerage firms, brokers and salespersons involved in the transaction anticipated by this Agreement warrant or make any representations concerning the mineral rights, if any, for this Property and that neither the Seller nor the brokerage firms, brokers and salespersons involved in the Buyer's purchase of the Property have conducted an inspection or analysis of the mineral rights to and for the Property. 226 227 228 229 CONVEYANCE: The Seller shall convey the real property by deed, free of all liens and encumbrances except those described in the title insurance commitment, as approved by Buyer. The Seller shall convey the personal property by Bill of Sale. WATER: All water, including surface water or ground water, any legal entitlement to water, including statements of claim, certificates of water rights, permits to appropriate water, exempt existing rights, decreed basins or any ditches, ditch rights, or ditch easements appurtenant to and/or used in connection with the Property are included with the Property, except . Filing or transfer fees will be paid by Seller, Buyer, split equally between Buyer and Seller. .Documents for transfer will be prepared by 173 174 175 This form presented by Luke Underhill | PureWest Real Estate (2917) - | 406-837-7050 | luke.underhill@gmail.com General Warranty (City Water) 8 8 Seller to disclose, Buyer to approve Authentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483FAuthentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483F /Page 5 of 8 /Buyer's Initials Seller's Initials 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 ©2017 Montana Association of REALTORS® Buy-Sell Agreement Land, October 2017 FOREIGN PERSON OR ENTITY: Section 1445 of the Internal Revenue Code provides for the withholding of tax upon the sale of U.S. real property owned by a foreign entity or foreign person unless the amount realized (usually the sales price) does not exceed $300,000 and the Buyer intends to use the property as a residence. If the Seller is a foreign entity or foreign person, Seller acknowledges and agrees that the Buyer or closing agent is required to deduct and withhold the applicable tax from the proceeds of sale at closing and submit the tax to the Internal Revenue Service unless the transfer of the property satisfies an exception provided for in Section 1445 of the Internal Revenue Code. BUYER'S AND SELLER'S CERTIFICATION: By entering into this Agreement, each person or persons executing this Agreement, as Buyer or Seller, represents that he/she is eighteen (18) years of age or older, of sound mind, and legally competent to own or transfer real property in the State of Montana; and, if acting on behalf of a corporation, partnership, or other non-human entity, that he/she is duly authorized to enter into this Agreement on behalf of such entity. BUYER'S REMEDIES: (A) If the Seller fails to accept the offer contained in this Agreement within the time period provided in the BUYER'S COMMITMENT section, all earnest monies shall be returned to the Buyer. (B) If the Seller accepts the offer contained in this Agreement, but refuses or neglects to consummate the transaction within the time period provided in this Agreement, the Buyer may: (1) Demand immediate repayment of all monies that Buyer has paid as earnest money, and upon the return of such money, the rights and duties of Buyer and Seller under this Agreement shall be terminated; OR (2) Demand that Seller specifically perform Seller's obligation under this Agreement; OR (3) Demand monetary damages from Seller for Seller's failure to perform the terms of this Agreement. SELLER'S REMEDIES: If the Seller accepts the offer contained in this Agreement and Buyer refuses or neglects to consummate the transaction within the time period provided in this Agreement, the Seller may: (1) Declare the earnest money paid by Buyer be forfeited; OR (2) Demand that Buyer specifically perform Buyer's duties and obligations under this Agreement; OR (3) Demand that Buyer pay monetary damages for Buyer's failure to perform the terms of this Agreement. MEGAN'S LAW DISCLOSURE: Pursuant to the provisions of Title 46, Chapter 23, Part 5 of the Montana Code Annotated, certain individuals are required to register their address with the local law enforcement agencies as part of Montana's Sexual and Violent Offender Registration Act. In some communities, law enforcement offices will make the information concerning registered offenders available to the public. If you desire further information please contact the local County Sheriff's office, the Montana Department of Justice, in Helena, Montana, and the probation officers assigned to the area. 280 281 of the date of closing unless otherwise agreed and: CONDITION OF PROPERTY: Seller agrees that the Property shall be in the same condition, normal wear and tear excepted, from the date of the execution of this Agreement up to the time Buyer takes possession of the Property. Seller will remove all personal property not included in this sale prior to closing. NOXIOUS WEEDS DISCLOSURE: Buyers of property in the state of Montana should be aware that some properties contain noxious weeds. The laws of the State of Montana require owners of property within this state to control, and to the extent possible, eradicate noxious weeds. For information concerning noxious weeds and your obligations as an owner of property, contact either your local County extension agent or Weed Control Board. 282 283 284 285 ASSOCIATION SPECIAL ASSESSMENTS: Any special or non-recurring assessments of any non-governmental association, including those that have been approved but not yet billed or assessed, will be: paid off by Seller at closing; assumed by Buyer at closing; OR PRORATION OF TAXES AND ASSESSMENTS: Seller and Buyer agree to prorate taxes, Special Improvement District assessments for the current tax year, as well as pre-paid rents, water and sewer system charges, heating fuel and tank rental, irrigation assessments, Homeowner's Association dues and/or common maintenance fees, if any, as 286 287 230 231 232 This form presented by Luke Underhill | PureWest Real Estate (2917) - | 406-837-7050 | luke.underhill@gmail.com 8 Seller to disclose, Buyer to approve Authentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483FAuthentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483F 288 289 290 291 292293294 295 296 297 298299 300 301 302 303 304 305306307 308 309310311312 313 314 315316 317 318319 320 321322 ADDENDA AND/OR DISCLOSURES ATTACHED: (Check all that apply.) Contingency for Sale of Buyer's Property Addendum for Additional Provisions Back-up Offer Water Rights Acknowledgement ©2017 Montana Association of REALTORS®//Page 6 of 8Buy-Sell Agreement Land, October 2017Buyer's Initials Seller's Initials 323 324 325 ENTIRE AGREEMENT: This Agreement, together with any attached exhibits and any addenda or amendments signed by the parties, shall constitute the entire agreement between Seller and Buyer, and supersedes any other written or oral agreements between Seller and Buyer. This Agreement can be modified only in writing, signed by the Seller and Buyer. EARNEST MONEY DISPUTES: Buyer and Seller agree that, in the event of any controversy regarding the earnest money and things of value held by the Broker, closing agent, or any person or entity holding such money or property, unless mutual written instructions are received by the holder of the earnest money and things of value, Broker or closing agent shall not be required to take any action, but may await any proceedings, or, at Broker's or closing agent's option and sole discretion, may interplead all parties and deposit any monies or things of value in a Court of competent jurisdiction and may utilize as much of the earnest money deposit as may be necessary to advance the cost and fees required for filing such action. 326 COMMISSION: The Seller's and/or Buyer's commitment to pay a commission in connection with this transaction is an integral part of this Agreement. FAX/COUNTERPARTS/ELECTRONIC SIGNATURES: This Agreement may be executed in counterparts and, when all counterpart documents are executed, the counterparts shall constitute a single binding instrument. Moreover, a signature transmitted by fax or other electronic means will be enforceable against any party, who executes the Agreement and transmits the signature by fax or other electronic means. The parties hereto, all agree that the transaction contemplated by this document may be conducted by electronic means in accordance with the Montana Uniform Electronic Transaction Act. 327 328329 330 331 332 333 RISK OF LOSS: All loss or damage to any of the above-described real property or personal property to any cause is assumed by Seller through the time of closing unless otherwise specified. TIME IS OF THE ESSENCE: Time is of the essence as to the terms and provisions of this agreement. BINDING EFFECT AND NON-ASSIGNABILITY: This Agreement is binding upon the heirs, successors and assigns of each of the parties hereto; however, Buyer's rights under this Agreement are not assignable without the Seller's express written consent. ATTORNEY FEES: In any action brought by the Buyer or the Seller to enforce any of the terms of this Agreement, the prevailing party in such action shall be entitled to such reasonable attorney fees as the court or arbitrator shall determine just. 334335 336 337 338 CONSENT TO DISCLOSE INFORMATION: Buyer and Seller hereby consent to the procurement and disclosure by Buyer, Seller, and Salespersons and their attorneys, agent, and other parties having interests essential to this Agreement, of any and all information reasonably necessary to consummate the transaction described in this Agreement, specifically including access to escrows for review of contracts, deeds, trust indentures, or similar documents concerning this property or underlying obligations pertaining thereto. AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT: The Agricultural Foreign Investment Disclosure Act of 1978 (AFIDA) requires any foreign person who acquires or transfers any interest, other than a security interest, in agricultural land to submit a report to the Secretary of Agriculture not later than 90 days after the date of the acquisition or transfer. If Buyer or Seller is or may be considered a foreign person under the AFIDA they are advised to consult with an appropriate professional concerning any reporting that may be required by the AFIDA. 339 340 WIRE FRAUD ALERT: Criminals are hacking email accounts of title companies, real estate agents, settlement attorneys and others, resulting in fraudulent wire instructions being used to divert funds to the account of the criminal. The emails may look legitimate but they are not. Buyer and Seller are advised NOT to wire any funds without personally speaking with the intended recipient of the wire to confirm the routing number and the account number. Buyer and Seller should NOT send personal information such as social security numbers, bank account numbers and credit card numbers through email. 341 342343 344 345 346 347 This form presented by Luke Underhill | PureWest Real Estate (2917) - | 406-837-7050 | luke.underhill@gmail.com 8 Authentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483FAuthentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483F 348 349 Buyer's Address:,City State , Zip Code Buyer's Name Printed: Dated this am pm (Mountain Time)., at (Buyer's Signature)(Buyer's Signature) 350 351 352 353 354 355 356 357 358 359 360 361 362 366 367 363 364 365 368 369 370 371 372 373 374 BUYER'S ACKNOWLEDGMENT: Buyer acknowledges that he/she has examined the real and personal property, that Buyer enters into this Agreement in full reliance upon his/her independent investigation and judgement, that prior verbal representations by the Seller or Seller's agent or representatives do not modify or affect this Agreement, and that by signing this Agreement Buyer acknowledges having read and understood this entire Agreement. BUYER'S COMMITMENT: I/We agree to purchase the above-described Property on the terms and conditions set forth in the above offer and grant to said Salesperson until (date) at a.m. p.m. (Mountain Time) to secure Seller's written acceptance, whether or not that deadline falls on a Saturday, Sunday or holiday. Buyer may withdraw this offer at any time prior to Buyer being notified of Seller's written acceptance. If Seller has not accepted by the time specified, this offer is automatically withdrawn. I/WE hereby acknowledge receipt of a copy of this Agreement bearing my/our signature(s). 375 376 377 378 379 380 381 is acting as Buyer's Agent Dual Agent Statutory Broker Seller's Agent (includes Seller's Sub-Agent) of (name of licensee) (name of Brokerage company) RELATIONSHIP CONFIRMATION: The parties to this Agreement confirm that the real estate licensees identified hereafter have been involved in the capacities indicated below and the parties have previously received the required statutory disclosures setting forth the licensees duties and the limits of their obligations to each party: of (name of licensee) (name of Brokerage company) is acting as: Seller's Agent Dual Agent Statutory Broker ©2017 Montana Association of REALTORS®//Page 7 of 8Buy-Sell Agreement Land, October 2017Buyer's Initials Seller's Initials (licensee's Montana license number) (brokerage company address) (licensee email address) (brokerage company phone number) (licensee phone number) (licensee's Montana license number) (brokerage company address) (licensee email address) (brokerage company phone number) (licensee phone number) 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 Haig J Ermoian This form presented by Luke Underhill | PureWest Real Estate (2917) - | 406-837-7050 | luke.underhill@gmail.com Charles R Shields (406) 270-6538 Linda Pistorese LindaP@FVBMT.com 406-407-9040 406-249-3445 Flathead Valley Brokers 431 1st Ave. West Kalispell MT 59901 406-752-8883 8 25707 chuck@purewestmt.com Pure West Real Estate 420 Electric Avenue Bigfork MT 59911 406-837-7050 8 02/04/2019 5:00 8 Authentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483FAuthentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483F ACTION TAKEN, IF OTHER THAN ACCEPTANCE: I/Weacknowledge receiptof this Agreement bearingmy/our initial(s)and the signature(s) of theBuyer(s)namedabove. Rejected by Seller / / Modified per Attached Counter / /Date DateSeller's Initials Seller's Initials NOTE:Unless otherwise expressly stated the term “Days” means calendar days and not business days. Business days are defined as all days as except Sundays and holidays. Any performance which is required to be completed on a Saturday, Sunday or a holiday can be performed on the next business day. ©2017 Montana Association of REALTORS® Buy-Sell Agreement Land, October 2017 Page 8 of 8 414 415 416 417 397 398 399 400 SELLER'S COMMITMENT: I/We agree to sell and convey to Buyer the above-described Property on the terms 401 and conditions herein above stated. I/We acknowledge a receipt of a copy of this Agreement bearing my/our signature(s) and that of the Buyer(s) named above. 402 403 Seller's Address: City , 404 405 406 State , Zip Code 407 408 Seller's Name Printed: 409 Dated this am 410 pm (Mountain Time)., at 411 412 (Seller's Signature) (Seller's Signature) 413 This form presented by Luke Underhill | PureWest Real Estate (2917) - | 406-837-7050 | luke.underhill@gmail.com City of Kalispell Authentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483FAuthentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483F This Water Rights Acknowledgment is in reference to the Buy/Sell Agreement between1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Water Rights Acknowledgment (Seller) and dated , covering the following described property and legally described as: A water right is the right to use water, both surface and subsurface. In Montana, water rights are the rights to the use of water and not ownership of the water itself. Water rights are private property and may not automatically transfer with land. All water in Montana is property of the State of Montana for the use of the people of Montana. The actual ownership of water rights in Montana may not be known as many water rights are still the subject of a statewide adjudication process. The transfer of water rights is recorded with the Department of Natural Resources and Conservation in the State of Montana. The transfer of any right may or may not warrant that right until the adjudication process has been completed 36 37 38 39 40 41 Buyer Signature Date ©MONTANA ASSOCIATION OF REALTORS®, March 2006 DateBuyer Signature adjudicated and that Buyer has been advised to make this Agreement contingent upon and to such independent inspections, evaluations and advice concerning Water Rights and the adjudication process as Buyer might deem prudent. The Buyer is aware that the brokerage firms, brokers and salespersons involved in the transaction anticipated by the Agreement set forth above have not conducted an expert inspection or analysis of the Water Rights to and for this Property. Buyer's Acknowledgment. The undersigned Buyer acknowledges and agrees that the brokerage firms, brokers and salespersons involved in the transaction anticipated by the Agreement set forth above do not warrant or make any representations either concerning the quantity or quality of any water rights or any legal entitlement to use of water including statements of claim, certificates of water right, permits to appropriate water, exempt existing rights, decreed basins or any ditches, ditch rights, or ditch easements appurtenant to or constituting a burden upon the Property (hereinafter in this section referred to as "Water Rights"). The Buyer further acknowledges and agrees that any Water Rights affecting the Property may or may not have been fully or finally NOTE:Unless otherwise expressly stated the term “Days” means calendar days and not business days. Business days are defined as all days as except Sundays and holidays. Any performance which is required to be completed on a Saturday, Sunday or a holiday can be performed on the next business day. (Buyer) 42 43 44 45 Buyer Signature Date City of Kalispell Haig J Ermoian Haig J Ermoian Haig J Ermoian 1/29/2019 135 Schoolhouse Loop Kalispell MT 59901 OLD SCHOOL STATION, S33, T28 N, R21 W, Lot 6 This form presented by Luke Underhill | PureWest Real Estate (2917) - | 406-837-7050 | luke.underhill@gmail.com Authentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483FAuthentisign ID: BF2C7305-E855-4A6B-B931-16AA55B2483F