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<br />1----- -- <br /> <br />by the parties. This Agreement binds and benefits the parties and their successors and <br />assigns. This Agreement has been made under the laws of the State of Minnesota and <br />such laws will control its interpretation. <br /> <br />15. Remedies. If Buyer defaults under this Agreement, Seller's sole right will be to terminate <br />this Agreement pursuant to Minnesota Statute Section 559.21 and obtain the Earnest <br />Money as liquidated damages and the Buyer will not be liable for damages or specific <br />performance. If Seller defaults under this Agreement, the Earnest Money and the <br />Additional Earnest Money, if any, shall be returned to Buyer, and Buyer shall recover as <br />damages from Seller all of Buyer's out-of-pocket costs and fees, including without <br />limitation, attorneys' fees, accountants' fees and other consultants' fees incurred by Buyer <br />in preparing and negotiating this Agreement, preparing for the closing, obtaining <br />financing commitments, investigating the status, title and condition of the Property, and <br />other similar and reasonable costs and expenses, or shall recover specific performance of <br />this Agreement. <br /> <br />16. Withdrawal of Offer. This Agreement shall be deemed to be withdrawn, unless accepted <br />by Seller, and a fully executed counterpart of this Agreement returned to Buyer on or <br />before June 15,2008. <br /> <br />- 9 - <br /> <br />IOIJ <br />