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<br />23. Entire Agreeme~ Modification. This Agreement constitutes the entire <br />agreement between the parties hereto with respect to the Property and supersedes any <br />prior oral or written agreements between the parties with respect to the Property. It is <br />expressly agreed that there are no verbal understandings or agreements that in any way <br />change the terms, covenants and conditions herein set forth, and that no modification of <br />this Agreement and no waiver of any of its terms and conditions shall be effective unless <br />made in writing and duly executed by the parties hereto. <br />24. Binding Effect. All covenants, agreements, representations, warranties <br />and provisions of this Agreement shall be binding upon and shall inure to the benefit of <br />the parties hereto and their respective successors and permitted assigns. <br />25. Controlling Law. This Agreement has been made and entered into under <br />the laws of the State of Minnesota, and said laws shall control the interpretation hereof. <br />26. Time. Time is of the essence of this Agreement. <br />27. Default. If Buyer defaults under this Agreement, Seller may terminate this <br />Agreement. The termination of this Agreement shall be the sole remedy available to <br />Seller for such default by Buyer, and Buyer shall not be liable for damages or specific <br />performance. If Seller defaults under this Agreement, this provision does not preclude <br />Buyer from seeking and recovering from Seller specific performance of this Agreement. <br />28. CounteI:parts. This Agreement may be executed in several counterparts, <br />each of which shall be an original and all of which shall constitute but one and the same <br />instrument. <br /> <br />13 <br /> <br />/1 <br />