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05-13-13-R
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05-13-13-R
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9.This Agreement can be waived, modified, amended, terminated or discharged <br />only explicitly in a writing signed by all parties hereto. A waiver by the Lender shall be effective <br />only in a specific instance and for the specific purpose given. Mere delay or failure to act shall <br />not preclude the exercise or enforcement of any of the Lender’s rights or remedies hereunder. All <br />rights and remedies of the Lender shall be cumulative and shall be exercised singularly or <br />concurrently, at the Lender’s option, and any exercise or enforcement of any one such right or <br />remedy shall neither be a condition to nor bar the exercise or enforcementof any other; provided, <br />however, that this provision shall not limit or restrict the City’s rights under the Development <br />Contract. <br />10.No provision of this Agreement shall be deemed or construed to alter, amend or <br />modify, in any way, the rights and obligations of the Cityor the Borrowercontained in the <br />Development Contract. <br />11.Any notice, request, demand or other communication hereunder shall be deemed <br />duly given if delivered or postage prepaid, certified or registered, addressed to the party as set <br />forth below: <br />If to the City: <br />City of Arden Hills <br />Arden Hills City Hall <br />1245 Highway 96 W <br />Arden Hills, Minnesota 55309 <br />If to the Borrower: <br />1201 County Rd E, LLC <br />th <br />1000 W. 80Street <br />Bloomington, Minnesota 55420 <br />And <br />TAT Properties, LLC <br />3900 Northwoods Drive, Suite 125 <br />St. Paul, Minnesota 55112 <br />3452404.1 <br />3 <br />
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