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<br />Seiler may, at Seller's option. elect to declare this contract cancelled and tenninated by notice to Purchaser <br />in accm:dance with-applicable law. All right, title, and interest acquired under this contract by Purchaser <br />~hairthen cease and tenninate, and all improvements made upon the Property and all payments made by <br />urchaser pursuant to this contract shall belong to SeIler as liquidated damages::for breach of this contract. <br />l'1/eitller the 1:xtension of timeJor payment of any sum of money to be paid hereunder nurany waiver by <br />SeUerof Seller's right-to declare this c:nntract forfeited by reason of any breach shall in any manner-affect <br />Seller's right to cancel this contract because of defaults.subsequently Qccurring, and no extension:nf time <br />shall be valid unless agreed to in writing. After service of notice of default and failure to cure-such default <br />within the period allowed by law, Purchaser shall, upon demand, surrenderl'ossession of the Property to <br />Seller, but Purchaser shall be entitled to possession-of the Property until the ex~.iration of such period. <br /> <br />17. BINDING EFFECT. The terms of this contract shall run with the iandand bind the parties <br />hereto and their successors in interest. <br /> <br />18. HEADINGS- Headings of the paragraphs of this contract are for convenience only and do not <br />defIne, limit, or construe me -contents of such paragraphs. <br /> <br />19. ADDITIONAL TERMS: None. <br /> <br />SELLERS(S) PURCHASER(S) <br /> <br />R & R Leasing, Inc. <br />a Minnesota Corporation, <br /> <br />8Y~ ~.~ By <br />. Gordon W. Rehbein <br /> <br /> <br />Its r:p~. <br /> <br />Its <br /> <br />Ores <br /> <br />STATE OF MINNESOTA <br />. 5S. <br />:OUNTY OF ffi M S e <br /> <br />The foregoing was alowledged before me on this If ~ay of /k"lflrr: 1998 by Gordon W. <br />Rehbein. the _President of R & R Leasing, Inc., a Minnesota corporation. on behalf of the <br />corporation. 77 <br /> <br />I Ct'[{ W <br /> <br /> <br />(Seal) <br /> <br />~:~p~~ <br />./;~~",.-.;..,i~\ <br />;~;ii::~' <br /> <br />\~L;-::'\.' ~.~ <br /> <br />II.~. , ,_ .,.' - } <br />~;'.: i';:::',-::": 'i I J <br /> <br />1-3l~OO <br />6 <br />