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14. Protection of Interests: If Repurchaser fails to pay any sum of money required under the terms of this Agreement or fails to perform any obligation set forth in this Agreement, the County may, at County's option, pay the same or cause the same to be performed, or both. The amounts so paid by County and the costs of such performance shall be payable at once, with interest at the rate accruing on the unpaid principal balance, as an additional amount due to the County under this Agreement. 15. Physical Possession: Repurchaser is at this time in physical possession of the property. 16. Default: Should default be made in any one or more payments for principal or interest due hereunder or any part thereof, to be paid by Repurchaser, or should Repurchaser or successor in interest fail to pay the taxes or assessments on said property, premiums of insurance (if required) or to perform any of the covenants, agreements, terms or conditions herein the County may, at the County's option, do the following: 1. Declare the unpaid balance of this Agreement immediately due and payable with interest; 2. Exercise any default remedies available to County under State law and this Agreement including, but not limited to, the right to declare this Agreement cancelled and terminated and all payments and improvements made by the Repurchaser or successor in interest will be forfeited to the County as liquidated damage for breach of contract; 3. Pursue remedies for such default in accordance with the laws of the State of North Dakota. The time of payment of any of the obligations called for pursuant to this Agreement is an essential part of this Agreement. 17. Administration and Construction: This Agreement shall be administered and construed in accordance with the following provisions: 1. Time: Time is of the essence in this Agreement. 2. Notices: Any and all notices or other communication provided for in this Agreement shall be given in writing by registered or certified mail which unless otherwise designated by a party shall be addressed to the addresses shown in Paragraph 1 of this Agreement. 3. Execution in Counterparts: This Agreement may be executed in counterparts, each of which shall be considered as an original of the Agreement. All executed counterparts shall constitute, and shall have the same force and effect, of one and the same documents, and shall be binding upon those who execute the Agreement, regardless of whether all parties execute the same document.