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ten (10) days after Seller's notice), this Agreement shall terminate, in which event neither <br />party will have further obligations under this Agreement. If neither the Seller or Buyer <br />fail to exercise its option to terminate the Agreement, then there shall be no reduction in <br />the Purchase Price, and Seller shall assign to Buyer at the Closing Date all of Seller's <br />right, title and interest in and to any award made or to be made in the condemnation <br />proceedings. <br />11. Buyer's Contingencies. The transaction contemplated by this Agreement is contingent <br />upon the following: <br />a. On Seller's ability to provide evidence acceptable to Buyer and the Title <br />Company that any mortgages encumbering the Property have been paid in full and <br />satisfied, or will be paid in full and satisfied on the Closing Date, and that the <br />Property will be released from the liens of any said mortgages prior to or in <br />connection with closing. Said mortgages will not be considered a "Permitted <br />Encumbrance" under Section 2 or Section 4. <br />b. Buyer receiving approval of the Mitigation Plan from the Minnesota Board of Soil <br />and Water Resources and Army Corps of Engineers on terms acceptable to Buyer. <br />If either of the contingencies are not satisfied, Buyer will, in addition to any other remedy <br />available at law or under this Agreement, have the option to do either of the following: <br />Terminate this Agreement (in which case the Earnest Money will be returned to <br />Buyer); or <br />2. Waive the Contingency and proceed to close. <br />12. Waiver of Relocation Benefits. Seller acknowledges that they clearly showed intent to <br />sell the Property on the open market prior to inquiry or action by Buyer. Seller <br />acknowledges that the purchase price agreed on for the Property is inclusive of any and <br />all displaced owner -occupant or tenant relocation benefits for which eligibility might <br />exist which could include moving costs, replacement housing, and differential housing <br />payments for replacement property of up to $50,000. Seller acknowledges that this <br />Agreement entered into with Buyer is voluntary and is not made under threat of eminent <br />domain. <br />13. Agricultural Crop Harvest. Buyer understands that a portion of the Property is in <br />active agricultural use. Seller and its agricultural tenant have previously had a verbal <br />agreement relating to the agricultural use of the Property, which is a year-to-year planting <br />and harvesting agreement at $100 per acre. Prior to the start of the 2025 planting season, <br />Seller agrees that it will execute a written lease agreement with its tenant identifying the <br />area to be used by the tenant, the cost per acre, that tenant shall be responsible for all of <br />its acts or injuries which occur on the Property, and any other terms of tenant's use. If the <br />Closing Date occurs after April 1, 2025, Buyer understands and agrees that the renting <br />tenant, as identified by Seller in its written lease agreement, will have access to the <br />