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<br />. . <br /> <br />If to First Party: <br /> <br />Each such mailed notice or communication shall be deemed to have been given to or served <br />upon, the party to whom it is addressed on the date the same is deposited in the United States <br />registered or certified mail, return receipt requested, postage prepaid, properly addressed in the <br />manner above provided. Either party hereto may change such party's address for the service of <br />notice hereunder by written notice of said change to the other party hereto, in the manner above <br />specified ten (10) days prior to the effective date of said change. <br /> <br />4. Successors and Assigns. This Agreement shall be binding upon and inure to the <br />benefit of each of the parties hereto, their respective successors and assigns. <br /> <br />5. Default. Should either party default in the performance of its obligations <br />hereunder, the other party shall have and may pursue all rights and remedies available to it <br />hereunder, at law or in equity, or otherwise, including, but not limited to, an action for damages <br />or specific performance. <br /> <br />6. Time of the Essence. Time IS of the essence m the performance of this <br />Agreement. <br /> <br />7. Counterparts. This Agreement may be executed in any number of counterparts, <br />each of which shall be an original, and all of which shall constitute one and the same agreement. <br /> <br />8. Governing Law. This Agreement concerns real property located in the State of <br />Minnesota and, therefore, its validity, performance, interpretation and enforcement shall be <br />governed by Minnesota law. without giving effect to the choice of laws provisions thereof. <br /> <br />9~ Captions. The paragraph headings or captions appearing in this Agreement are <br />for convenience only, are not a part of this Agreement, and are not to be considered in <br />interpreting this Agreement. <br /> <br />-1 - <br />