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22 <br />With Copy to: Winthrop & Weinstine, P.A. <br />Suite 3500 <br />225 South Sixth Street <br />Minneapolis, Minnesota 55402 <br />Attention: John D. Nolde, Esq. <br />Facsimile #: (612) 604-6820 <br />If to Seller: The Housing and Redevelopment Authority of the <br />City of St. Anthony, Minnesota <br />3301 Silver Lake Road <br />St. Anthony, MN 55418 <br />Attention: Executive Director <br />Facsimile #: (612) 782-3302 <br />With Copy to: Dorsey & Whitney LLP <br />Suite 1500, 50 South Sixth Street <br />Minneapolis, MN 55402 <br />Attention: Jay Lindgren <br />Facsimile #: (952) 516-5636 <br />Notices shall be deemed effective on the earlier of the date of receipt or the date of <br />deposit, as aforesaid; provided, however, that if notice is given by deposit, the time for <br />response to any notice by the other party shall commence to run one business day after <br />any such deposit. Any party may change its address for the service of notice by giving <br />notice of such change ten (10) days prior to the effective date of such change. <br />20. Miscellaneous. The paragraph headings or captions appearing in this Agreement are for <br />convenience only, are not a part of this Agreement, and are not to be considered in <br />interpreting this Agreement. This written Agreement constitutes the complete agreement <br />between the parties and supersedes any prior oral or written agreements between the <br />parties regarding the Property. There are no verbal agreements that change this <br />Agreement, and no waiver of any of its terms will be effective unless in a writing <br />executed by the parties. This Agreement binds and benefits the parties and their <br />successors and assigns. This Agreement has been made under the laws of the State of <br />Minnesota and such laws will control its interpretation. <br />21. Remedies. If Buyer defaults under this Agreement, Seller shall have the right to <br />terminate this Agreement by giving written notice to Buyer. If Buyer fails to cure such <br />default within thirty (30) days of the date of such notice, this Agreement will terminate, <br />and upon such termination, Seller will retain the Earnest Money and any accrued interest <br />as liquidated damages, time being of the essence of this Agreement. The termination of <br />this Agreement and retention of the Earnest Money and any accrued interest will be the <br />sole remedy available to Seller for such default by Buyer, and Buyer will not be liable for <br />damages or specific performance. Seller and Buyer acknowledge and agree that any <br />-14- <br />