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11. RELEASE. By accepting the deed to the Property, Buyer, for itself, its directors, <br />officers, stockholders, divisions, agents, affiliates, subsidiaries, predecessors, successors, <br />and assigns and anyone acting on its behalf or their behalf hereby fully releases and <br />forever discharges Seller from any and all Claims (including without limitation all Claims <br />arising under any Environmental Law and all Claims arising at common law, in equity or <br />under a federal, state or local statute, rule or regulation), past, present and future, known <br />and unknown, existing and contingent, arising out of, resulting from, or relating to the <br />condition of the Property, and Buyer hereby waives any and all causes of action <br />(including without limitation any right of contribution) Buyer had, has or may have <br />against Seller and anyone acting on its behalf with respect to the condition of the <br />Property, whether arising at common law, in equity or under a federal, state or local <br />statute, rule or regulation. The foregoing shall apply to any condition of the Property, <br />known or unknown, contemplated or uncontemplated, suspected or unsuspected, <br />including without limitation the presence of any Hazardous Substance on the Property, <br />whether such Hazardous Substance is located on or under the Property, or has migrated <br />from or to the Property. <br /> <br />12. NOTICES. Notices permitted or required by this Agreement must be in writing and <br />shall be deemed given when delivered in legible form to the party to whom addressed. <br />Notices may be sent by certified mail or e-mail. Notices are effective two business days <br />after they are mailed via certified mail, return receipt requested or, if sent by email, upon <br />email transmission (provided that any email transmission that occurs after 5:00 pm <br />Pacific Time will be deemed provided on the following day). If delivered at the Closing, <br />a notice shall be deemed given when hand-delivered to the party's representative at the <br />Closing. The business addresses of the parties are as follows: <br /> <br />Seller: City Administrator <br /> City of Ramsey <br /> 7550 Sunwood Drive N.W. <br /> Ramsey, MN 55303 <br /> Email: kulrich@cityoframsey.com <br /> <br />Buyer:U.S. Home Corporation <br />Attn: Jonathan Aune <br />th <br />16305 36 Avenue North, Suite 600 <br />Plymouth, MN 55446 With a required copy to: <br />Lennar Corporation <br />Office of the General Counsel <br />700 N.W. 107th Avenue <br />Miami, FL 33172 <br />Page 6 of 13 <br /> <br />