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13. <br /> <br />14. <br /> <br />15. <br /> <br />incurred after recording of the Final Plat shall also be paid within said fifteen (I5) day <br />billing period. Failure to pay the CITY'S expenses within the fifteen (15) day billing <br />period will permit the CITY to draw upon any of the escrows required by this Agreement <br />for payment. <br /> <br />Marketable Title. Prior to recording of the Final Plat, the DEVELOPER shall provide <br />to the CITY, proof of marketable title to the Plat either through a currently certified <br />abstract, registered property abstract or title insurance. : <br /> <br />Invalidity of Any One Section. If any portion, section, subsection, sentence, clause, <br />Paragraph or phase of this Agreement is for any reason held to be invalid by a court of <br />competent jurisdiction, such decision shall not effect or void any of the other provisions <br />of this Agreement. <br /> <br /> Agreement Binding On Heirs, etc. The DEVELOPER agrees that this Development <br />Agreement shall be binding upon his successors and assigns. Breach'of any of the terms <br />of this Development Agreement by the DEVELOPER shall 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 />day of ., 2005. <br /> <br />DEVELOPER: <br /> <br />Eliot T. Schaeffer <br /> <br />Deborrah A. Schaeffer <br /> <br />STATE OF MINNESOTA ) <br /> ) SS. <br />COUNTY OF ANOKA ) <br /> <br />On this day of , 2004, before me a Notary Public, personally <br />appeared Eliot T. Schaeffer and Deborrah X. Schaeffer, husband and wife, to me known to be the <br />persons described herein and who executed the foregoing instrument and acknowledged that they <br />executed the same as their free act and deed. <br /> <br />Notary Public <br /> <br />-324- <br /> <br /> <br />