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with interest thereon, again including attorneys’ fees and whether suit be brought or not, with <br />interest from the dates such costs of collection were incurred until paid. <br />6.All notices, reports, or demands required or permitted to be given under this <br />Agreement shall be in writing and shall be deemed to be given when personally delivered to any <br />officer of the party to which notice is being given, or when deposited in the United States mail in <br />a sealed envelope, with registered or certified mail postage prepaid thereon, addressed to the <br />parties at the following addresses; <br />To the City:City Administrator <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />To Grantee:_______________________________ <br />_______________________________ <br />_______________________________ <br />Such addresses may be changed by any party upon notice to the other party given as herein <br />provided. <br />7.The terms and provisions hereof shall be binding upon and inure to the benefit of <br />the parties hereto and their respective successors and assigns, and shall run with the title to the <br />Property and be binding upon all present and future owners of the Property. This Agreement <br />shall be recorded against the title to the property. If, for any reasonable reason, the provisions <br />hereof should be determined by the legal counsel for the City, or by a court of competent <br />jurisdiction, not to be binding upon and fully enforceable against any owner of the Property, then <br />the defermentvariancegranted by the City shall wholly cease and terminate and the Property <br />shall be used and useable only in full compliance with all then applicableordinances of the City. <br />If there be at any future time more than one owner which is currently Elk River Lodge & <br />Residential Suites, LLC of the Property, all of such then owners, while they are such owners, <br />shall be jointly and severally liable for all obligations under this Agreement. <br />IN WITNESS WHEREOF,the parties hereto have caused this instrument to be duly <br />executed the day and year first above written. <br />___________________________________ <br />By: <br />Its <br />CITY OF ELK RIVER <br />4 <br />