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against the Property. Buyer waives any and all rights under Minnesota Statutes, chapter <br />429, and any other applicable law, including any right to notice of hearing and hearing, <br />the right to object, and the right to appeal the assessment. Buyer further waives any <br />requirements of the City Charter that may apply to said assessment. <br />4. As an alternative to imposition of a financial penalty and not in addition thereto, Seller <br />may re-enter and take physical possession of the Property. Title to the Property shall be <br />restored in Seller, and Buyer shall execute whatever documents and undertake whatever <br />steps are necessary to establish and confirm Seller's fee simple interest in the Property <br />free of any claims or encumbrances, including mechanic's liens. <br />5. This document constitutes the entire Right of Re-entry Agreement between the parties. <br />Any modifications or amendments to this Agreement must be in writing and signed by <br />both parties. <br />CITY OF RAMSEY <br />By: <br />By: <br />Mark E. Kuzma, Mayor <br />Brian Hagen, City Administrator <br />This instrument was acknowledged before me on , 2023, by <br />Mark E. Kuzma and Brian Hagen as Mayor and City Administrator, respectively, of the City of <br />Ramsey, Minnesota. <br />Nolby BC, LLC <br />By: <br />Brenda Nolby, Chief Manager <br />Notary Public <br />This instrument was acknowledged before me on , 2023, by Brenda <br />Nolby, Chief Manager of Nolby BC LLC, a Minnesota Limited Liability Company under the <br />laws of Minnesota, on behalf of the Minnesota limited liability company. <br />