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TABLE OF CONTENTS <br />(continued) <br />Page <br />ARTICLE IV DEFAULTS, REMEDIES AND TERMINATION.......................................17 <br />Section4.1 <br />Default................................................................................................17 <br />Section 4.2 <br />LIQUIDATED DAMAGES TO SELLER.........................................17 <br />Section4.3 <br />Remedies of City................................................................................18 <br />Section4.4 <br />Legal Actions.....................................................................................18 <br />Section 4.5 <br />Rights and Remedies are Cumulative ................................................ <br />19 <br />ARTICLE V GENERAL PROVISIONS.............................................................................19 <br />Section 5.1 <br />Incorporation of Recitals.................................................................... <br />19 <br />Section 5.2 <br />Eminent Domain................................................................................19 <br />Section5.3 <br />Work Product.....................................................................................19 <br />Section 5.4 <br />Notices, Demands and Communications Between the Parties ........... <br />19 <br />Section 5.5 <br />Calculation of Time Periods............................................................... <br />20 <br />Section 5.6 <br />Possession; Risk of Loss.................................................................... <br />21 <br />Section 5.7 <br />No Intended Third Party Beneficiaries .............................................. <br />21 <br />Section 5.8 <br />Conflict of Interest............................................................................. <br />21 <br />Section 5.9 <br />Warranty Against Payment of Consideration for Agreement............ <br />21 <br />Section 5.10 <br />Non -liability of City Officials and Employees .................................. <br />21 <br />Section 5.11 <br />City Attorney Fees and Costs............................................................. <br />21 <br />Section 5.12 <br />Real Estate Brokers and Commissions .............................................. <br />21 <br />Section 5.13 <br />Binding on Successors and Assigns ................................................... <br />22 <br />Section 5.14 <br />Partial Invalidity; Severability........................................................... <br />22 <br />Section 5.15 <br />Entire Agreement............................................................................... <br />22 <br />Section 5.16 <br />Execution of this Agreement.............................................................. <br />22 <br />EXHIBIT "A" - LEGAL DESCRIPTION OF THE PROPERTY ............................................... <br />24 <br />EXHIBIT "B" _ PROPERTY DOCUMENTS............................................................................ <br />25 <br />