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12 -27 -2000 10 :47AM FROM SWEENEY LAW FIRM 2935289 P. 7 <br />be paid and resulting or to result from the damage or destruction, except insurance proceeds paid <br />relating to coverage of contents. Until the Date of Closing, Owner agrees to keep and maintain <br />upon the Property liability and general,hazard insurance. ' <br />11. Notices. All notices to be given under this Agreement shall be deemed properly <br />given if delivered personally and a receipt obtained therefor, or if mailed by United States <br />registered or certified mail, postage prepaid, properly addressed as follows: <br />If to Owner: <br />If to Buyer. <br />Precision Landscape and Tree <br />942 East County Road D <br />Little Canada, MN 55109• <br />Attention: Mao Groholski <br />City of Little Canada <br />5I5 Little Canada Road <br />Little Canada, MN 55117 <br />Attention: City Administrator <br />Each delivered notice shall be deemed to have been given on the date it is delivered, and each <br />mailed notice shall be deemed to have been given.on the date it is deposited in the mail. The <br />addresses given above may be changed by tea (10) days notice given in accordance with this <br />section. <br />12. Successors and Assigns. This Option Agreement shall be binding upon and inure to <br />the benefit of the parties hereto, their respective successors and assigns. <br />13. Representations and Warranties. Owner represents and warrants from the date of this <br />Agreement to the Date of Closing that: <br />(a) Owner will have marketable title. to the Property free and clear of all lien and <br />leasehold interests placed thereon by Owner, except those liens which will be <br />satisfied on the Date of Closing. <br />Page 49 <br />