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6.1. EDSR 05-15-2023
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6.1. EDSR 05-15-2023
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5/12/2023 4:07:51 PM
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City Government
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5/15/2023
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<br />c. Additional Instruments. If either party exercises, in accordance with this <br />Agreement, an expressly stated right to terminate this Agreement, the other party shall <br />execute such additional instruments as the party exercising such right may reasonably <br />request, to further assure due termination of this Agreement, rights and obligations of the <br />parties under this Agreement, and eliminate any record, legal or beneficial claim of a party <br />under and pursuant to this Agreement. If a party unreasonably fails to comply with the <br />requirements of the preceding sentence, that party shall be liable for all resulting costs and <br />expenses of the other party, including attorneys’ fees and expenses. <br /> <br />17. Complete Agreement. This is the final Agreement between the parties and contains <br />their entire agreement and supersedes all previous understandings and agreements, oral or written, <br />relative to the subject matter of this Agreement. This Agreement may be amended only in a writing <br />dated subsequent to the date of this Agreement and duly executed by all parties. <br /> <br />18. Time of the Essence. Time is of the essence in the performance of this Agreement. <br /> <br />19. Controlling Law. This Agreement has been made and entered into under the laws <br />of the State of Minnesota and said laws shall control the interpretation hereof. <br /> <br />20. Successors and Assigns. This Agreement shall be binding upon and inure to the <br />benefit of the parties hereto and their respective successors and assigns. This Agreement is not <br />assignable by either party without the other party’s written consent. <br /> <br />21. Incorporation of Recitals; Survive Closing. The Recitals are incorporated into and <br />made a part of this Agreement. All of the covenants, warranties and provisions contained in this <br />Agreement shall survive and be enforceable after Closing of the transaction contemplated by this <br />Agreement. <br /> <br />22. Captions. The paragraph headings or captions appearing in this Agreement are for <br />convenience only, are not a part of this Agreement, and are not to be considered in interpreting <br />this Agreement. <br /> <br />23. Brokerage Commission. Seller and Purchaser each warrant to the other that, in <br />connection with this Agreement, they have dealt with no broker, finder, or similar person in <br />connection with the sale of the Real Property, except Hardin Companies (“Hardin Companies”), <br />which represents both Seller and Purchaser. Seller shall pay the brokerage commission equaling a <br />total of 5.5% of the purchase price to Hardin Companies at Closing. Seller will indemnify, defend, <br />and hold harmless Purchaser against any claim made by any agent or broker for a commission or <br />fee based on acts or agreements of Seller. Purchaser will indemnify, defend, and hold harmless <br />Seller against any claim made by any agent or broker for a commission or fee based on acts or <br />agreements of Purchaser. <br /> <br />24. Counterparts; Delivery by E-mail. This Agreement may be executed in two or more <br />counterparts, each of which shall be an original and all of which shall constitute one Agreement. <br />872867.v1-4/28/23 <br />11 <br />
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