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nts levied by agreement are <br />and April 10th of <br />that the Subdivider <br />e first annual <br />next following the <br />of such first <br />3r before the <br />Iments shall be paid <br />fity as and when the <br />perty. <br />its levied by the <br />?ted between April <br />ilIments due <br />reasurer of Hennepin <br />»come due on said <br />>n.) <br />iment Doon Sale by <br />;ost assessed or to <br />id area is paid in <br />(signs, transfers <br />ler hereby agrees. <br />It its own cost and <br />It assessed or to be <br />:ty to be <br />.immm <br />> . <br />•.■'i . ■N‘’: • " <br />SslS»i <br />Bi-;..: ^.4 <br />■ ■ ■■= .'",v.y':yYY-i <br />■■ - <br />-,y •’■■'Y - • Y ■''■M <br />'•y ■'■yy\® <br />transferred. If any such transfer is made before the special <br />assessments have been levied, the Subdivider shall pay the City a <br />sum of cash equal to the City Engineer's estimate of the special <br />assessments for Plan B Improvements that will be levied against the <br />property to be so transferred. The Subdivider shall be liable to <br />the City for any deficiency and the City shall pay to the <br />Subdivider any overplus arising fr«.m payment based on such <br />estimate. Hereafter, any reference to special assessments shall <br />include any such estimated special assessments. <br />D. Acceleration Uoon Default. In the event <br />Subdivider violates any of the covenants and agreements herein <br />contained and to be performed by Subdivider, or fails to pay any <br />installment of any special assessment levied pursuant hereto, or <br />any interest thereon, when the same is to be paid pursuant thereto, <br />the City, at its option, in addition to its rights and remedies <br />hereunder, by written notice given to Subdivider, may declare all <br />of the unpaid special assessments which are then estimated or <br />levied pursuant to this agreement due and payable in full, with <br />interest, and all of the unpaid special assessments, with interest, <br />shall be payable on or before the May 31 or October 31, whichever <br />is earlier, next following the giving of such written notice to <br />Subdivider; or the City, at its option, may demand immediate <br />payment thereof and immediately commence legal action against <br />Subdivider to collect the entire unpaid balance of the special <br />assessments then estimated or levied pursuant hereto, with <br />-16- <br />fi- <br />-i <br />••V <br />v:'--. <br />': 'if .>/;:.V <br />piiiii' <br />v:'” <br />' Ui-y- ' <br />■ ^ .':./v <br />- • . ... . V ' . ; <br />k.--' .• <br />» - <br />y' yyyy -^^yy-y /^VV;: <br />V;- . .. ;••• -i <br />v"-c' <br />. - •• j' • <br />■ f" <br />m i;:: -mmm <br />wmsssM