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disbursed in accordance with the terms hereof; provided, however, that in the event the <br />Loan Agreement is terminated, this Agreement is thereby terminated and Title shall <br />return to the Lender any Loan Proceeds it holds, upon notification by the Lender of such <br />termination. <br />11. This Agreement shall inure to the benefit of and be binding upon the parties and their <br />respective successors and permitted assigns. <br />12. This Agreement shall be governed by and construed in accordance with the laws of the <br />State of Minnesota. <br />