Amended items
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11/18/2013 12:56:57 PM
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11/18/2013 9:51:22 AM
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13. Assignment of Agreement: Repurchaser shall not assign Repurchaser's rights <br /> under this Agreement without first receiving the written consent of the County. <br /> 14. Protection of Interests: If Repurchaser fails to pay any sum of money required <br /> under the terms of this Agreement or fails to perform any obligation set forth in <br /> this Agreement, the County may, at County's option, pay the same or cause the <br /> same to be performed, or both. The amounts so paid by County and the costs of <br /> such performance shall be payable at once, with interest at the rate accruing on <br /> the unpaid principal balance, as an additional amount due to the County under <br /> this Agreement. <br /> 15. Physical Possession: Repurchaser is at this time in physical possession of the <br /> property. <br /> 16. Default: Should default be made in any one or more payments for principal or <br /> interest due hereunder or any part thereof, to be paid by Repurchaser, or should <br /> Repurchaser fail to pay the taxes or assessments on said property, premiums of <br /> insurance (if required) or to perform any of the covenants, agreements, terms or <br /> conditions herein the County may, at the County's option, do the following: <br /> 1. Declare the unpaid balance of this Agreement immediately due and <br /> payable with interest; <br /> 2. Exercise any default remedies available to County under State law and <br /> this Agreement including, but not limited to, the right to declare this <br /> Agreement cancelled and terminated by appropriate statutory notice or <br /> judicial action; <br /> 3. To pursue remedies for such default in accordance with the laws of the <br /> State of North Dakota. <br /> The time of payment of any of the obligations called for pursuant to this <br /> Agreement is an essential part of this Agreement. <br /> 17. Administration and Construction: This Agreement shall be administered and <br /> construed in accordance with the following provisions: <br /> 1. Time: Time is of the essence in this Agreement. <br /> 2. Notices: Any and all notices or other communication provided for in this <br /> Agreement shall be given in writing by registered or certified mail which <br /> unless otherwise designated by a party shall be addressed to the <br /> addresses shown in Paragraph 1 of this Agreement. <br /> 3. Execution in Counterparts: This Agreement may be executed in <br /> counterparts, each of which shall be considered as an original of the <br /> Agreement. All executed counterparts shall constitute, and shall have the <br /> same force and effect, of one and the same documents, and shall be <br /> binding upon those who execute the Agreement, regardless of whether all <br /> parties execute the same document. <br />
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