Laserfiche WebLink
parties regarding the Property. There are no verbal agreements that change this Agreement, and <br /> no waiver of any of its terms will be effective unless in a writing executed by the parties. This <br /> Agreement binds and benefits the parties and their successors and assigns. This Agreement has <br /> been made under the laws of the State of Minnesota, and such laws will control its interpretation. <br /> 4 Remedies. If Buyer defaults under this Agreement, Seller shall have the <br /> right to terminate this Agreement in accordance with the applicable Minnesota statutes. If Buyer <br /> fails to cure such default within the statutory cure period, this Agreement will terminate, and <br /> upon such termination Seller will retain the Earnest Money as liquidated damages, time being of <br /> the essence of this Agreement. The termination of this Agreement and retention of the Earnest <br /> Money will be the sole remedy available to Seller for such default by Buyer, and Buyer will not <br /> be liable for damages or specific performance. If Seller defaults under this Agreement, Buyer, as <br /> the sole remedy available to Buyer for such default by Seller, may seek specific performance of <br /> this Agreement. <br /> Seller and Buyer have executed this Agreement as of the date first written above. <br /> Date of Signature SELLER <br /> ' 2006 By <br /> oles . sie <br /> Date of Signature <br /> , 2006 By <br /> Mark S. Noise <br /> Date of Signature BUYER <br /> THE CITY OF HUGO,a of <br /> municipal corporatio <br /> 2006 <br /> -8- <br />