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testing of groundwater monitoring wells,as the Buyer shall elect;provided.that the Seller is given <br /> at least 24 hours'notice. <br /> 12. Relocation Benefits; Indemnification. The Seller acknowledges that the Seller <br /> is being displaced from the Property as a result of the transaction contemplated by this Purchase <br /> Agreement and that the Seller is eligible for relocation assistance and benefits and that the <br /> Purchase Price includes compensation for any and all relocation assistance and benefits for <br /> which the Seller may be eligible and the Seller agrees to waive any and all further relocation <br /> assistance benefits. The provisions of this paragraph shall survive closing of the transaction <br /> contemplated by this Purchase Agreement. <br /> 13. Risk of Loss. If there is any loss or damage to the Property between the date <br /> hereof and the Closing Date,for any reason including fire,vandalism,flood,earthquake or act of <br /> God,the:risk of loss shall be on the Seller. lithe Property is destroyed or substantially damaged <br /> before the Closing Date,this Agreement may become null and void,at the Buyer's option. At the <br /> request of the Buyer,the Seller agrees to sign a cancellation of Agreement. <br /> 14. Default/Remedies. If the Buyer defaults in any of the covenants herein, the <br /> Seller may terminate this Agreement,and on such termination all payments made hereunder shall <br /> be retained by the Seller as liquidated damages,time being of the essence. This provision shall <br /> not deprive either party of the right to enforce specific performance of this Agreement.provided <br /> this Agreement has not terminated and action to enforce specific performance is commenced <br /> within six months after such right of action arises. In the event the Buyer defaults in its <br /> performance of the terms of this Agreement and Notice of Cancellation is served upon Buyer <br /> pursuant to Minn. Stat. Section 559.21, the termination period shall be thirty (30) days as <br /> permitted by Minn.Stat.,Section 559.21,Subd.4. <br /> 15. Notice. Any notice,demand, request or other communication which may or shall <br /> be given or served by the parties,shall be deemed to have been given or served on the date the same <br /> is personally served upon one of the following indicated recipients for notices or is deposited in <br /> the United States Mail. registered or certified. return receipt requested. postage prepaid and <br /> addressed as follows: <br /> SELLER: Huy Le <br /> BUYER: Housing and Redevelopment Authority of the City of Elk River <br /> Attn: Amanda Othoudt <br /> 13065 Orono Parkway <br /> Elk River. MN 55330 <br />