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I <br /> i <br /> I <br />:! <br /> I <br /> I <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 /> <br />the terms and provisions of this Agreement shall nm with the land and shall bind the <br />DEVELOPER, his/her successors and assigns. <br /> <br />16. <br /> <br />Violation .of This Agreement. If the DEVELOPERS fail to perform any of the terms of <br />this Agreement in the manner required by the CITY, the CITY shall be entitled to <br />recover, from the DEVELOPERS or the issuer of DEVELOPER'S financial guarantee, <br />the full mount of any and ali financial guarantees. Breach of any of the terms of this <br />Development Agreement by the DEVELOPERS shall also be grounds for denial of <br />Building Permits for buildings in the Plat. <br /> <br />IN WITNESS THEREOF, the parties have hereunto set their hands and seals, this __ <br />of ., 1997. <br /> <br />day <br /> <br />CARL S. JOItNSON <br /> <br />By: <br /> <br />STATE OF MINNESOTA ) <br /> ) ss <br />COUNTY OF ) <br /> <br />The foregoing instrument was acknowledged before me this <br /> ,_1997, by Carl S. Johnson, single. <br /> <br />day of <br /> <br />Notary Public <br /> <br />LORENCE R. JOHNSON <br /> <br />By: <br /> <br />STATE OF MINNESOTA ) <br /> ) ss <br />COUNTY OF ) <br /> <br />The foregoing instrument was acknowledged before me this <br /> ,_1997, by Lorence R. Johnson, single. <br /> <br />day of <br /> <br />Notary Public <br /> <br />CRAIG BJORKLUND <br /> <br />By: <br /> <br />z//7 <br /> <br /> <br />