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` 99 1095 �1 provided, the aggrieved party may declare this contract at an end, sue for specific performance, or take such other action as such party may desire to enforce same at his option. In the event of any such default, interest shall accrue on the balance of the contract at sixteen percent (16%) per annum. 15. POSSIBLE LIQUIDATED DAMAGES. The parties hereto agree that if Buyer, after acceptance hereof and satisfaction of all conditions herein, fails or neglects to complete the contract according to the terms and conditions herein stated, then at his option Seller may: (a) elect to retain the deposit as liquidated damages and rescind the contract, which election shall then constitute Seller' s sole and exclusive remedy hereunder, or (b) retain the deposit and bring an action for the balance of the purchase price, or (c) pursue any other remedy available in law or equity. 16. BINDING EFFECT; BENEFITS. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns . Notwithstanding anything contained in this Agreement to the contrary, nothing in this Agreement, expressed or implied, is intended to confer on any person other than the parties hereto or their respective successors and assigns any right, remedy obligation, or liability under or by reason of this Agreement. 17 . COUNTERPARTS. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. 18 . FURTHER ASSURANCES. Each of the parties hereto, without further consideration, agrees to execute and deliver such other documents and take such other action, whether prior to or subsequent to Closing, as may be necessary to more effectively consummate the intent and purpose of this Agreement. 19. GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of Nebraska. 20 . SEVERABILITY. If for any reason whatsoever, any one or more of the provisions of this Agreement shall be held or deemed to be inoperative, unenforceable, or invalid as applied to any particular case or in all cases, such circumstances shall not have the effect of rendering such provision invalid in any other case or of rendering any of the other provisions of this Agreement inoperative, unenforceable, or invalid. 21 . SURVIVAL AND NONMERGER. All terms, conditions, representations, and warranties contained in this Agreement shall survive the execution hereof and the Closing hereunder, including, but not limited to, the execution and delivery of any deed related 7