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I <br />II <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> ! <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br />suspend performance of its obligations under this Agreement and the fights of the non-defaulting <br />party are as follows: <br /> <br />no <br /> <br />BUYER's Default. If BUYER defaults in the performance of any of the <br />BUYER's obligations under this Agreement, SELLER shall have a right to: <br /> <br />(i) <br /> <br />Except as set forth at (ii) below, if BUYER defaults in the <br />performance of any of BUYER's obligations undei' this Agreement, <br />SELLER's sole and exclusive right shall be to seek a Cancellation of <br />Purchase Agreement. <br /> <br />(ii) <br /> <br />If BUYER breaches a warranty or representation either before or after <br />closing, SELLER shall have the fight to recover direct damages <br />reasonably related to such breacbbut not incidental or consequential <br />damages or punitive damages. SELLER shall have no right to seek <br />rescission of the conveyance. <br /> <br />b. SELLER's Default. <br /> <br />(i) <br /> <br />Except as set forth at (ii) below, if SELLER defaults in the <br />performance of any of SELLER's obligations under this Agreement, <br />BUYER's sole and exclusive right shall be to seek a Cancellation of <br />Purchase Agreement. <br /> <br />(ii) <br /> <br />If SELLER breaches a warranty or representation either before or <br />after closing, BUYER shall have the right to recover direct damages <br />reasonably related to such breach but not incidental or consequential <br />damages or punitive damages. BUYER shall have no right to seek <br />rescission of the conveyance. <br /> <br /> 17. NOTICES. All notices required herein shall be in writing and delivered personally <br />or mailed to the address as shown above and, if mailed, are effective as of the date of mailing. <br /> <br /> 18. REMOVAL OF DEBRIS. Buyer agrees to remove ALL DEBRIS and all personal <br />property not included herein from the Property by the Closing Date. <br /> <br /> 19. BROKERS. Each party represents that they are not obligated to any real estate or <br />business broker as a result of this transaction. Each party hereby indemnifies the other for any <br />broker's or agent's fees. <br /> <br /> 20. <br />Minnesota. <br /> <br />MINNESOTA LAW. This Agreement shall be governed by the laws of the State of <br /> <br />21. MISCELLANEOUS. <br /> <br />TIME IS OF THE ESSENCE FOR ALL PROVISIONS OF THIS <br />AGREEMENT. <br /> <br />-145- <br /> <br /> <br />