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2009_1019_Packet
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2009_1019_Packet
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1/9/2012 3:23:31 PM
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10/15/2009 3:47:30 PM
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Attachment C <br />Attention: Jay T. Squires <br />Notices shall be deemed effective on the earlier of the date of receipt or in the case of such <br />deposit in the mail or overnight courier, on the first business day following such deposit. Any <br />party may change its address for the service of notice by giving written notice of such change to <br />the other party. <br />17. Captions. The captions appearing in this Agreement are for convenience only, are not a <br />part of this Agreement and are not to be considered in interpreting this Agreement. <br />18. Entire Agreement. This written Agreement constitutes the complete agreement between <br />the parties and supersedes any and all other oral or written agreements, negotiations, <br />understandings and representations between the parties regarding the Property. There are no <br />verbal or written side agreements that change this Agreement. <br />19. Amendment; Waiver. No amendment of this Agreement, and no waiver of any <br />provision of this Agreement, shall be effective unless set forth in a writing expressing the intent <br />to so amend or waive, and the exact nature of such amendment or waiver, and signed by both <br />parties (in the case of amendment) or the waiving party (in the case of waiver). No waiver of a <br />right in any one instance shall operate as a waiver of any other right, nor as a waiver or such <br />right in a later or separate instance. <br />20. Governing Law. This Agreement is made and executed under and in all respects is to be <br />governed and construed under the laws of the State of Minnesota. <br />21. Binding Effect. This Agreement binds and benefits the parties and their respective <br />successors and assigns. <br />22. Remedies. <br />a. Default by Buyer. If Buyer defaults under this Agreement, Seller shall have the <br />right to terminate this Agreement by giving a 30-day written notice to Buyer <br />pursuant to Minnesota Statutes § 559.21. If Buyer fails to cure such default <br />within 30 days of the date of such notice, this Agreement will terminate, and upon <br />such termination Seller will retain the Earnest Money as liquidated damages, time <br />being of the essence of this Agreement; or Seller may sue for specific <br />performance of this Agreement or actual damages caused by Buyer's default <br />provided that such suit is commenced within sixty (60) days of the alleged <br />default. <br />b. Default by Seller. If Seller defaults under this Agreement, Buyer shall have the <br />right to terminate this Agreement by giving a 30-day written notice to Seller <br />pursuant to Minnesota Statutes § 559.21. If Seller fails to cure such default witlun <br />30 days of the date of such notice, this Agreement will terminate, and upon such <br />termination Buyer may sue for specific performance of this Agreement or actual <br />Page 8 <br />
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