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CONTRACT FOR DEED This agreement made between Cass County Government and Repurchaser, who agree as follows: 1. Definitions: For the purpose of this Agreement: 1. "Agreement" shall mean this contract for deed between County and Repurchaser. 2. "Property shall mean the following described real property, together will all the improvements, hereditaments and appurtenances, in Cass County, North Dakota: Lot Eleven (11), Block Seven (7), Elm Tree Park Second Addition to the City of Fargo, Cass County, North Dakota, Tax Parcel No. 01- 0751 00160 -000 3. "Purchase price" shall mean the monetary consideration for the purchase of the Property. 4. "Repurchaser" shall mean David A. Erickson and Sharon S. Erickson, whose mailing address is 54 28 Avenue NE, Fargo, North Dakota, 58102 5. "County" shall mean Cass County Government whose address is 211 9 Street South, Fargo, North Dakota 58103. 2. Background: County received tax title to the Property due to non payment of taxes by Repurchaser. Repurchaser has certain rights to repurchase property forfeited to the County under tax proceedings pursuant to North Dakota Century Code 57- 28 -19. This Agreement is made pursuant to those statutory provisions. 3. Conveyance: County hereby sells, and Repurchaser hereby repurchases, the Property pursuant to the North Dakota Century Code 57 -28 -19 and related provisions. 4. Delivery of Deed and Evidence of Title: Upon Repurchaser's prompt and full performance of this Agreement, County shall execute, acknowledge and deliver to Repurchaser a deed, through the County Auditor, conveying back to Repurchaser the entire interest the County gained in the Property through the tax forfeiture the deed will be in the name of David A. Erickson and Sharon S. Erickson, the name the property was in before the forfeiture to the County. 5. Purchase Price: Pursuant to the statute, the repurchase price (or consideration) must include the total amount required to be paid to effect a redemption and the total amount of all subsequent taxes with interest, penalties and costs. The repurchase price in this matter is $11,384.29. 1. Down Payment: A down payment of $2850.00 dollars and no /100) in cash shall be required upon the execution of this Agreement, the receipt of which is hereby acknowledged.