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5.2.A. SR 09-10-2007
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5.2.A. SR 09-10-2007
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1/21/2008 8:37:06 AM
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If to Title <br />Company: Old Republic National Title Company <br />400 Second Avenue South <br />Minneapolis, MN 55401 <br />Attn: Rick Zilka <br />ARTICLE XIV <br />MISCELLANEOUS <br />14.1 Force Majeure. Any prevention, delay, or stoppage because of strikes, lockouts, <br />other labor disputes, material shortages, embargoes, civil unrest, governmental <br />regulations, enemy or hostile governmental action, judicial order, public <br />emergency, weather, fire, earthquake, other Acts of God, and other causes beyond <br />the reasonable control of the party obligated to perform, will extend the period for <br />performance of any act required by a party (except for payment obligations <br />imposed pursuant to this Agreement), including the time required for satisfaction <br />of any condition, for the period of the delay provided, however (i) the <br />unavailability of financing shall not qualify for force majeure treatment and (ii) the <br />affected party shall give reasonable written notice to the other of the occurrence <br />causing such delay and shall include in such notice, if known, the date by which <br />the delayed obligation will be performed. <br />14.2 Construction. This Agreement shall be governed by and construed under the laws <br />of the State ofMinnesota. All captions in this Agreement are for reference only. <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 />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 />14.5 Location of Closing. The Closing shall take place at the office of the Title <br />Company, or at such other place as maybe agreed to by the parties. <br />14.6 Binding_Effect. This Agreement binds and benefits the parties and their <br />successors and assigns. <br />ARTICLE XV <br />ENTIRE AGREEMENT; NO MODIFICATIONS <br />This Agreement, together with the attached Exhibits "A" and "B" constitutes the entire <br />Page 12 <br />
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