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<br />Seiler may. at Seller's option, elect to declare this contract cancelled and terminated by notice to Purchaser <br />in accordance with -applicable law. All right. title, and interest acquired under this contrm:t by Purchaser <br />-ban, then cease and terminate, and all improvements made upon the Property and all payments made by <br />rchaser pursuant to this contract shall belong to Seller as liquidated damages :for breach of this contract. <br />. .either the --extension of time for payment of any sum of money to be paid hereunder nor any waiver by <br />Seller of -Seller's right-u> declare this contract forfeited by reason of any breacb sball in any mannen.ffect <br />Seller's right to cancel this contract because of defaults subsequently 0CCurring, and no extension])f time <br />sball 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, surrender-possession 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 tenns 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 the 'Contents of such paragraphs. <br /> <br />19. ADDITIONAL TERMS: None. <br /> <br />SELLERS(S) <br /> <br />PURCHASER(S) <br /> <br />FIRST C <br />a Miones <br /> <br /> <br />R & R Leasing, Inc. <br />a Minnesota Corporation. <br /> <br />By ~ """". (}2L/-; <br />r Gordon W. Rehbein <br /> <br />By <br /> <br />Its ~. <br /> <br />STATE OF MINNESOTA <br />. SS. <br />COUNTY OF Rfl /'vi ..s ~ <br /> <br />The foregoing was ar.bowledged before me on this I CZ ~y of IJufufr: 1998 by Gordon W. <br />Rehbein, the _President nf R & R Leasing, Inc.. a Minnesota corporation, on behalf of the <br /> <br />corporation. ] ,'11,W ~