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with any requirements of law or the temts and conditions of any other agreements <br />among said parties. Agent shall have no duty or liability to verify any amounts <br />deducted from the retained amount and Agent's sole responsibility shall be to act <br />expressly as set forth in this Escrow Agreement. <br />3. Escrow Agent Liability. The sole duties of Escrow Agent shall be those described <br />herein, and Escrow Agent shall be under no obligation to determine whether the <br />other parties hereto are complying with any requirements of law or the terms and <br />conditions of any other agreements among said parties. Escrow Agent may <br />conclusively rely upon and shall be protected in acting on any notice believed by it to <br />be genuine and to have been signed or presented by the proper party or parties, <br />consistent with reasonable due diligence on Escrow Agent's part. Escrow Agent <br />shall have no duty or liability to verify any such notice, and its sole responsibility <br />shall be to act expressly as set forth in this Escrow Agreement. <br />The SellerSellers and the Buyer understand that Agent is legal counsel to the Buyer <br />and each consents to Agent's serving as Escrow Agent notwithstanding such <br />representation. In the event Agent determines, in its sole discretion, that it cannot <br />continue to serve as Escrow Agent herein, Agent shall deposit the funds with Old <br />Republic National Title Insurance Company or such other Escrow Agent <br />acceptable to the Seller and the Buyer. The Seller eer}sentsSellers consent to Agent's <br />continued representation of the Buyer after a deposit is made, and the Buyer agrees to <br />pay all escrow fees charged by the substitute Escrow Agent. <br />4. Notices to be sent to the parties to this Agreement shall be sent by mail or <br />personal delivery to: <br />SELLER: ATP lavestments,'r .C. Attw onald J. and Lori L. Touchette <br />7078 EEast Fish Lake Road <br />Maple Grove, MN 55311 <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 />AGENT: Kennedy & Graven, Chartered <br />ATTN: Sarah Sonsalla <br />470 U.S. Bank Plaza <br />200 South Sixth Street <br />Minneapolis, MN 55402 <br />B-2 <br />525535x24 SJS ELI 85-48 <br />