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<br />If the contingencies set forth in this paragraph 1 ] are not satisfied, . <br />Purchaser shall have the right to terminate this Agreement by giving written <br />notice of termination to Seller on or before the Closing Date. In the event that <br />Purchaser gives Seller any such written notice of termination, this Agreement <br />shall be null and void, Seller shall refund the Earnest Money, and neither party <br />shall have any further rights, obligations, or liability hereunder. <br /> <br />12. Risk of Loss. Risk of loss to the Real Property prior to the time of <br />closing shall remain in Seller. In the event that prior to the time of closing, <br />proceedings for the condemnation of the Real Property, or any interest therein. <br />or any portion thereof are commenced by governmental authority having <br />jurisdiction to do so, or the Real Property, or any interest therein, or any portion <br />thereof, is damaged or destroyed, Purchaser may, at its option, terminate this <br />Agreement by written notice to Seller whereupon this Agreement shall be null <br />and void, Seller shall refund the Earnest Money, and neither party shall have any <br />further rights. obligations, or liability hereunder. In the event of any such <br />condemnation, destruction or any damage to the Real Property, or any interest <br />therein, or any portion thereof, Seller agrees to fully inform Purchaser regarding <br />any insurance providing coverage with respect thereto and the probable <br />amount of any condemnation award or insurance proceeds recoverable on <br />account thereof, and Seller shall, if this Agreement is not terminated on account <br />thereof, assign to Purchaser its rights to any such condemnation award or . <br />insurance proceeds. <br /> <br />13. Notices. All documents to be delivered and all correspondence <br />and notices to be given in connection with this Agreement shall be in writing <br />and given by personal delivery or sent by registered or certified mail, return <br />receipt requested, postage repaid, addressed as follows: <br /> <br />If to Purchaser: <br /> <br />Royal Oaks Realty, Inc. <br />Attn: Marcel Eibensteiner, President <br />1000 County Road E West suite] 50 <br />Shoreview, Minnesota 55126 <br /> <br />If to Seller: <br /> <br />City of Arden Hills <br />Attn: Michelle Wolfe, City Administrator <br />1245 West Highway 96 <br />Arden Hills, Minnesota 55112 <br /> <br />With a copy to: Peterson, Fram & Bergman, P.A. <br />Attn: Jerome P. Filla <br />50 East Fifth Street, Suite 300 <br /> <br />6 <br /> <br />. <br />