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parties hereto and shall be binding upon all future owners of all or any part of the <br /> Operation and shall be deemed covenants running with the land. This Agreement <br /> shall be placed of record so as to give notice hereof to subsequent purchasers and <br /> encumbrances of all or any part of the Property, and all recording fees, if any, shall <br /> be paid by the Operator. <br /> (03) Severable- In the event that any portion of this Agreement shall be held <br /> invalid for any reason, the same shall not affect in any respect whatsoever the validity <br /> of the remainder of this Agreement. <br /> (04) Waiver- Any waiver, whether express or implied, by any party of a breach of <br /> any provision of this Agreement will not operate as or be construed to be a waiver of <br /> any subsequent breach of this Agreement. <br /> (05) Notices- All notices and demands specified herein shall be deemed <br /> appropriately and timely given when delivered personally or deposited in the United <br /> States mail to the addresses hereinafter set forth by certified mail (return receipt <br /> requested). The addresses of the parties hereto are as follows until changed by <br /> written notice given as above: <br /> If to the City at: City of Elk River <br /> ATTN: Building& Environmental Adm. <br /> 13065 Orono Parkway <br /> Elk River, Minnesota 55330 <br /> If to the Operator at: J & B Mining <br /> ATTN:Jason Bebeau <br /> 21310 Brook Road NE <br /> Elk River, Minnesota 55330 <br /> (06) Incorporation by Reference- All plans, special provisions, proposals and <br /> specifications, submitted pursuant to this Agreement shall be and hereby are made a <br /> part of this Agreement by reference as fully as if set forth herein in full. <br /> IN WITNESS WHEREOF, the City and Operator have caused this Agreement to <br /> be duly executed on the day and year first above written. <br /> CITY OF ELK RIVER OPERATOR/FEE OWNER: <br /> J & B Mining <br /> By: By: <br /> Its: Mayor Its: <br /> By: <br /> Its: City Clerk <br />