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6. Agreements for the Benefit of Parties Only. The agreements, promises <br /> and covenants herein contained are for the sole benefit of the Assignor and Assignee, <br /> their successors and assigns, and are not intended to create and do not create any rights in <br /> third parties. This Agreement shall be binding upon and inure to the benefit of the parties <br /> hereto and their respective heirs, executors, personal representatives, successors and <br /> permitted assigns. The parties agree that they will execute any other documents that are <br /> reasonably necessary to effectuate the terms of this Agreement. <br /> 7. Notices. All written notices and demands of any kind, which either party <br /> may be required or may desire to serve upon the other party in connection with this <br /> Agreement, may be served (as an alternative to personal service) by registered or certified <br /> mail or by any nationally recognized overnight courier service. Any such notice or <br /> demand so served by registered or certified mail shall be deposited in the United States <br /> Mail with postage thereon fully prepaid and addressed to the party to be served at the <br /> address set forth opposite their name below. Service of any such notice or demand so <br /> made by mail shall be deemed served three (3) business days after the day of <br /> mailing. Service of any notice or demand made by overnight courier shall be deemed <br /> given one (I) business day after deposit with such courier. <br /> 8. Counterparts. The parties to this Agreement hereby acknowledge and <br /> agree that this document may be signed in counterpart and that the execution of the <br /> counterpart shall be fully effective, binding and enforceable, and furthermore that no <br /> defense shall be raised by the parties hereto due to the execution of this Agreement in <br /> counterpart. <br /> 9. Recitals. The Recitals set forth above are incorporated in the body of this <br /> Agreement as if they were fully set forth herein and the definitions contained in the <br /> Recitals shall have the same meaning when used in the body of this Agreement. <br /> IN WITNESS WHEREOF, the parties hereto have executed this Agreement as <br /> of the date first written above, in multiple counterparts, each of which shall be deemed an <br /> original and all of which shall evidence but one agreement. <br /> FIRST NATIONAL BANK OF ELK RIVER <br /> By: <br /> Its: <br /> 175805v 4 <br />