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CITY OF ~AMSEY <br /> <br />7634~7554~ P.00 <br /> <br />continues in default for a period of 5 days after written notice thereof is given to BUYER by <br />SELLER, then SELLER shall have the remedies described below or under Minnesota law. <br /> <br /> 16. DEFAULT. If either party defaults in the performance of any obligation under this <br />Agreement, the non-defaulting party may, after a 5 day written notice to the defaulting party, <br />suspend performance of its obligations under this Agreement and the rights of the non-defaulting <br />party are as follows: <br /> <br />BUYER'S Default. If BUYER defaults in the performance of any of thc <br />BUYER'S obligations under this Agreement, SELLER shall have a right to: <br /> <br />6) <br /> <br />Except as set forth at (ii) below, if BUYER defaults in the <br />performance of any of BUYER'S obligations under 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 right to recover direct damages <br />reasonably related to such breach but not incidental or consequential <br />damages or punitive damages. SELLER shall have no right to seek <br />rescission o.f 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 <br />personal property not included herein from the Property by the Closing Date. <br /> <br />19. BROKERS. -Eaela-p amy_xep re, sents-that-qhcy-ar~-obt/gate d--to-a~-rcal-astat~or <br />'--business-bro kor-as-a-rc'sutFof-this-tmnsaetio n. ~-~~relyy-fl'derrmSfi~e~ther ~y- <br /> broker'-s-or agent'-s~s:- <br /> <br /> 20. <br />Minnesota. <br /> <br />MINNESOTA LAW. This Agreement shall be governed by the laws of the State of <br /> <br />7 <br /> <br /> <br />