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6 <br /> <br />recognized carrier service; or upon receipt if sent in any other way. Any party hereto <br />may from time to time, by written notice to the other parties, designate a different <br />address which shall be substituted for the one specified below. <br /> <br />21. In the event the City declares default under the Grading Agreement and the Developer <br />fails to cure such default within ten (10) days of written notice thereof, then (i) this <br />Agreement shall not terminate, (ii) the City shall have the right to complete the <br />Improvements, and (iii) all remaining funds held in the Escrow Account shall be <br />disbursed pursuant to the terms hereof for the purpose of paying for any Improvements <br />completed by the City. The City may use such funds solely for the purpose of <br />completing the work required by the Grading Agreement. Developer shall be liable to <br />the City for any shortfall; provided, however, that the City shall have no obligation to <br />complete any Improvements to the extent funds for such Improvements are not <br />available from the Escrowed Funds. <br /> <br /> Escrow Agent: Registered Abstracters, Inc. <br /> Attn: Jenny Moehlmann <br /> 2115 N. 3rd Avenue <br /> Anoka, MN 55303 <br /> <br /> City: City of Lino Lakes <br /> Attn: Michael Grochala <br /> 600 Town Center Parkway <br /> Lino Lakes, Minnesota 55014 <br /> <br /> Developer: BL Holdings, LLC <br />Attn: Baleen K. Roberts, President <br /> 7517 162nd Ave. NE <br /> Columbus, Minnesota 55025 <br /> <br /> Bank: Premier Bank <br /> Attn: Michael Schmalzer <br /> 1777 Bunder Lake Blvd. N.W. <br /> Andover, MN 55304 <br /> <br />22. This Agreement may be executed in any number of counterparts, each of which shall be <br />an original but all of which shall constitute one and the same instrument. The delivery <br />of an executed counterpart of this Agreement by facsimile or PDF or similar attachment <br />to an email in accordance with Paragraph 21 above shall constitute effective delivery of <br />such counterpart for all purposes with the same force and effect as the delivery of an <br />original, executed counterpart. <br /> <br />23. All remaining funds, after completion of all work as provided in this Agreement, shall be <br />returned to Bank and disbursed by the Bank pursuant to the terms and conditions of the