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<br />14.2 Construction. This Agreement shall be governed by and construed under the laws <br />of the State of Minnesota. All captions in this Agreement are for reference only. <br /> <br />14.3 No Merger. The obligations, covenants, representations, and warranties, and the <br />remedies for breach thereof, set forth in this Agreement shall survive the closing <br />and shall not merge with transfer of title but shall remain in effect until fulfilled. <br /> <br />14.4 Confirmation of Termination. If this Agreement terminates, Buyer agrees to <br />execute and deliver to Seller a quit claim deed for the Property and such execution <br />and delivery shall be a condition precedent to the return of any Earnest Money, to <br />the extent any Earnest Money is to be refunded to Buyer. <br /> <br />14.5 Location of Closing. The Closing shall take place at the office of the Title <br />Company, or at such other place as may be agreed to by the parties. <br /> <br />14.6 Binding Effect. This Agreement binds and benefits the parties and their <br />successors and assigns. <br /> <br />ARTICLE XV <br />ENTIRE AGREEMENT; NO MODIFICATIONS <br /> <br />This Agreement, together with the attached Addendum relating to the Title Company and <br />the attached Exhibits "A", "B" and "c" constitutes the entire agreement of the Seller and Buyer <br />with respect to the purchase and sale of the Property. This Agreement may not be modified or <br />amended except in a writing signed by Seller and Buyer. <br /> <br />ARTICLE XVI <br />DEFAULT <br /> <br />If either party defaults in the performance of any of the party's obligations under this <br />Agreement and remains in default for ten (10) days after delivery of written notice of default, <br />then the non-defaulting party may terminate this Agreement by written notice to the other party. <br /> <br />[Signatures on following page] <br /> <br />Page 14 <br />Version Date: 6/15/06 <br />C:\Documents and Settings\tallard\Local Settings\Temporary Internet Files\OLKF\Agreement attach to 7 2.DOC <br />