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24. Construction of Contract. Non ~'0'Ierger. This Agreement shall not be construed <br />more strictly against one party than against the other, merely by virtue of the fact that it may <br />have been drafted or prepared by counsel for one of the parties, it being recognized that both <br />Buyer and Seller have contributed substantially and materially to the preparation of this <br />Agreement. <br />All covenants, representations and warranties contained herein shall not merge and shall <br />survive Closing unless expressly waived in writing. <br />25. Agreement Binding. This Agreement shall inure to the benefit of, and be <br />binding upon, the administrators, successors, heirs and assigns of the parties hereto. <br />The parties have executed this Agreement effective as of the date first written above. <br />BUYER: <br />CITY OF ELK RIVER <br />SELLER: <br />THE HOULTON I1~TVESTMENT <br />COMPANY <br />By <br />Its <br />ATTEST: <br />e------ <br />L° °.~.--~_.._ <br />By <br />By: W ~ iam Hou/lto <br />Its: ~1~%~~C -~~ <br />GP:2945285 v4 12 <br />