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by United States registered or certified mail, return receipt requested, postage prepaid; or if <br />deposited cost paid with a nationally recognized, reputable overnight courier, properly addressed <br />as follows: <br />If to Seller: The City of Hugo <br />14669 Fitzgerald Avenue North <br />Hugo, MN 55038 <br />Attn: Bryan Bear <br />With Copy to Eckberg Lammers Law Firm <br />1809 Northwestern Avenue <br />Stillwater, MN 55082 <br />Attn: David K. Snyder <br />If to Buyer: Mark Finnemann <br />2145 Ford Parkway #301 <br />SaintPaul,Minnesota 55116 <br />Notices shall be deemed effective on the earlier of the date of receipt or the date of deposit, as <br />aforesaid; provided, however, that if notice is given by deposit, the time for response to any <br />notice by the other party shall commence to run one business day after any such deposit. Any <br />party may change its address for the service of notice by giving notice of such change 10 days <br />prior to the effective date of such change. <br />15. Miscellaneous. The paragraph headings or captions appearing in this <br />Agreement are for convenience only, are not a part of this Agreement, and are not to be <br />considered in interpreting this Agreement. This written Agreement constitutes the complete <br />agreement 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 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 />16. 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. If Seller defaults under this Agreement, Buyer shall have the <br />right to commence an action for specific performance of this Agreement as Buyer's sole and <br />exclusive remedy under this Agreement. <br />