3116 W Lake St 414 - Digital Brochure $325,000

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DISCLOSURE STATEMENT: SELLER’S PROPERTY DISCLOSURE STATEMENT 47. Page 2

48.

THE INFORMATION DISCLOSED IS GIVEN TO THE BEST OF SELLER’S KNOWLEDGE.

3116 W Lake Street

Minneapolis

MN 55416

.

49. Property located at

Public: no maintenance

Private

Public

50.

(7) Is the property located on a public or a private road?

51. (8) Flood Insurance: All properties in the state of Minnesota have been assigned a flood zone designation. Some 52. flood zones may require flood insurance. 53. (a) Do you know which zone the property is located in? Yes No 54. If “Yes,” which zone? 55. (b) Have you ever had a flood insurance policy? Yes No 56. If “Yes,” is the policy in force? Yes No 57. If “Yes,” what is the annual premium? $ 58. If “Yes,” who is the insurance carrier? 59. (c) Have you ever had a claim with a flood insurance carrier or FEMA? Yes No 60. If “Yes,” please explain: ✘ ✘ ✘ ✘

61. 62. 63. 64. 65. 66.

NOTE: Whether or not Seller currently carries flood insurance, it may be required in the future. Flood insurance premiums are increasing, and in some cases will rise by a substantial amount over the premiums previously charged for flood insurance for the property. As a result, Buyer should not rely on the premiums paid for flood insurance on this property previously as an indication of the premiums that

will apply after Buyer completes their purchase.

67. Are there any 68.

No

Yes

(9) encroachments?

69. 70. 71. 72.

(10) association, covenants, historical registry, reservations, or restrictions, that affect

No

Yes

or may affect the use or future resale of the property?

(11) governmental requirements or restrictions that affect or may affect the use or future enjoyment of the property (e.g., shoreland restrictions, non-conforming use, etc.)?

✘ ✘

No

Yes

Yes

73.

(12) easements, other than utility or drainage easements?

No

74. (13) Please provide clarification or further explanation for all applicable “Yes” responses in Section A:

75. 76.

77. B. GENERAL CONDITION: To your knowledge, have any of the following conditions previously existed or do they 78. currently exist on the property? 79. (ANSWERS APPLY TO ALL STRUCTURES, SUCH AS GARAGE AND OUTBUILDINGS.)

80.

(1) Has there been any damage by wind, fire, flood, hail, or other cause(s)?

Yes

No

81.

If “Yes,” give details of what happened and when:

82. 83. 84.

(2) Have you ever had an insurance claim(s) against your Homeowner’s

Insurance Policy?

Yes

No

85.

If “Yes,” what was the claim(s) for (e.g., hail damage to roof)?

86. 87.

✘ ✘

Did you receive compensation for the claim(s)?

Yes

No

88.

If you received compensation, did you have the items repaired?

Yes

No

89.

What dates did the claim(s) occur?

Page 9 of 20

MN:DS:SPDS-2 (8/16)

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