Upon Purchaser's full performance of this Contract, Seller shall: (a) Execute, acknowledge, and deliver to Purchaser a. Deed, in recordable form, conveying.If a contract for deed is used to sell the home, additional disclosures about the transaction are required, pursuant to Minnesota Statute section 559.202. A contract for deed is a conditional sales contract for the purchase of real property. It is similar to a mortgage; however: 1. Enter the date of the contract at the top. This section provides policies that apply to promissory notes, contracts for deed and other property agreements. A Minnesota Contract for Deed generally refers to an executory contract for the purchase and sale of Minnesota real estate. A contract for deed is an alternative financing agreement in which the seller finances the sale of the property rather than a lender. Download Minnesota Asset Purchase Agreement template, modify and send for signing using BoloForms Signature.