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m <br />m <br />m <br /> <br /> m <br /> m <br /> m <br /> m <br /> m <br /> m <br /> m <br />m <br />I <br />m <br />I <br />m <br />m <br />m <br />m <br />m <br /> <br />Date <br /> <br />Page 4 of 4 Pages <br /> <br />15. DEFAULT: If title is marketable or is corrected as provided <br />herein, and BUYER defaults in any of the agreements herein, SELLER <br />may terminate this Purchase Agreement and payments made hereunder <br />may be retained by SELLER. This provision shall not deprive either <br />BUYER or SELLER of the right to recover damages for a breach of <br />this Agreement or of the right of specific performance of this <br />Agreement, provided this Purchase Agreement is not terminated, and <br />further provided, as to specific performance, such action is <br />commenced within six months after such right of action arises. <br /> <br />16. TIME OF ESSENCE: <br />Agreement. <br /> <br />Time is of the essence in this Purchase <br /> <br />17. POSSESSION: SELLER shall deliver possession of the Property <br />as of the closing date hereof. <br /> <br />18. ENTIRE AGREEMENT: This Purchase Agreement, any attached <br />exhibits and any addenda or amendments signed by the parties, shall <br />constitute the entire Agreement between SELLER and BUYER, and <br />supersedes any other written or oral agreements between SELLER and <br />BUYER. This Purchase Agreement can be modified only in writing <br />signed by SELLER and BUYER. <br /> <br />Seller, the owner of <br />Property, accepts this <br />agreement. <br /> <br />Buyer agrees to purchase the <br />Property for the price and on <br />the terms and conditions set <br />forth above. <br /> <br />Joseph H. Nathe <br /> <br />CITY OF RAMSEY, A MINNESOTA <br />MUNICIPAL CORPORATION <br /> <br />By: <br /> <br />Its: Mayor <br /> <br />By: <br /> <br />Its: City Administrator <br /> <br />DATE OF FINAL ACCEPTANCE: <br /> <br /> <br />