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<br /> Page 5 of 6 Minnesota Uniform Conveyancing Blanks Form 30.1.1 �
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<br /> 15. Notice of Assignment. If either Sefler or Purchaser assigns its interest(n the Property,the assigning party shall promptly fumish �
<br /> a copy of such assignment to fhe non-assigning party, i
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<br /> 16. Protection of Interests. If Purchaser fails to pay eny sum of money required under the terms of ihls Contract or falls to perform �
<br /> any of the Purchaser's obligatlons as set forih in this Contract,Seller may,at Seiler's opilon,pay the same or cause the same to be performed,
<br /> or both,and the amounts so paid by Seller and the cost of such performance shall be payable at once,wllh interest at the rate stated In �
<br /> paragraph 4 of this Contract,as an additional amount due Seller under this Contract, if the�e now exists,or if Seller hereafter creates,suffers `
<br /> or permits to accrue,any mortgage,contract for deed,lien or encumbrance against lhe Property which Is not herein expressly assumed by �
<br /> Purchaser,and provided Purchaser is not in default under this Contract,Seller shall tlmely pay all amounts due thereon,and if Seller fafls to do �
<br /> so,Purchaser may,at Purchasers option,pay any such dellnquent amounts or take any actions reasonably necessary to cure defaults there �
<br /> under and deduct the amounts so paid together with interest at the rate provided in this Contract from the payments next coming due under �
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<br /> � 17. Defaults and Remedies. The time ot performance by Purchaser of the terms of lhis Contract is an essential parl of this Contract. a
<br /> If Purchaser falls to timely perform any term of this Contract,5eller may,at Seller's option,elect to declare this Contract canceiled and �
<br /> terminated by notice to Purchaser In accordance with applicable law or elect any oiher remedy avallable at law or in equily, If Seller elects to �
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<br /> termfnate this Contract,all right,litle,and(nterest acquired under lhis Contraot by Purchaser shall then ceasa and terminate,and all
<br /> Improvements made upon the Property and all payments made by Purchaser pursuant to this Contract((ncluding escrow payments,if any) �
<br /> shall belong to Seller as liqu(dated damages for breach of this Confract. Nelther the extension of the time for payment of any sum of money to
<br /> be paid hereunder nor any wa(ver by Seller of Seller's rights to dedare this Contract forfeited by reason of any breach shall in any manner
<br /> affect 5eiler's right to cancel this Contract because of defaults subsequenlly occurring,and no extenslon of time shall be valid unless agreed to � E
<br /> in writing. After service of notice of default and failure to cure such default within the period atlowed by law,Purchaser shall,upon demand, �
<br /> surrender possession of the Property to Seller,but Purchaser shall be entitled to posssssion of the Properry until the expiration of such period, �
<br /> Failure by Seller to exercise one or more remedies available under this paragraph 17 shall not constitute a waiver of the right to exerclse such ;
<br /> remedy or remedies thereafter.
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<br /> 18. Binding Effect. The terms of this Contract shall run with the land and bind the parties hereto and the successors in interest, '
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<br /> 19. Headings. Headings of the paragraphs of ihis Contract are fo�convenience only and do not deAne,limlt,or construe the contents
<br /> of such paragraphs. ' �
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<br /> 20.Add(tional Terms: Check here i!�an addendum to this Contract contalning additional terms and conditfons!s attached he�e�o. �
<br /> Seller Purchaser
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<br /> (�ynero�e)Gregory C, Ite �S�r"'��Todd G.Sylv er r
<br /> �.,.., 1�11 �-�,•.;,--'t-� � -
<br /> �sy"a°"e�Lynn F�. hite a/k/a Lynn M,Whfte �S g�Llsa M.Sylvester
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