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By: <br />By: <br />written notice to Buyer from Seller of the failure to satisfy a contingency. In the <br />event the penalty is not paid within 30 days of receipt of the notice, Seller may, <br />but is not required to, certify the penalty to Anoka County as an assessment <br />against the Property. Buyer waives any and all rights under Minnesota Statutes, <br />chapter 429, and any other applicable law, including any right to notice of hearing <br />and hearing, the right to object, and the right to appeal the assessment. Buyer <br />further waives any requirements of the City Charter that may apply to said <br />assessment. <br />4. As an alternative to imposition of a financial penalty and not in addition thereto, <br />Seller may re-enter and take physical possession of the Property. Title to the <br />Property shall be restored in Seller, and Buyer shall execute whatever documents <br />and undertake whatever steps are necessary to establish and confirm Seller's fee <br />simple interest in the Property free of any claims or encumbrances, including <br />mechanic's liens. <br />5. This document constitutes the entire Right of Re-entry Agreement between the <br />parties. Any modifications or amendments to this Agreement must be in writing <br />and signed by both parties. <br />6. At the request of the Buyer following the satisfaction of the Conditions, the City <br />will execute and deliver a recordable termination of this Right of Entry <br />Agreement. The fee for recording the termination will be paid by Buyer. <br />CITY OF RAMSEY, a Minnesota Municipal Corporation <br />Ryan Heineman, Mayor <br />Brian Hagen, City Administrator <br />This instrument was acknowledged before me on , 2025, <br />by Ryan Heineman and Brian Hagen, as Mayor and City Administrator, respectively, of <br />the City of Ramsey, a municipal corporation under the laws of the State of Minnesota on <br />behalf of the Minnesota municipal corporation. <br />Notary Public <br />