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CONSENT OF MORTGAGEE <br /> AND SUBORDINATION OF MORTGAGE LIEN <br /> THIS CONSENT OF MORTGAGEE AND SUBORDINATION OF MORTGAGE <br /> LIEN is executed this /.9'44 day of TVtK-Q. , 2000 by U.S.BANK NATIONAL <br /> ASSOCIATION, a national banking association("US Bank"). <br /> RECITALS: <br /> A. US Bank is the mortgagee of ceratin real property legally described on Exhibit A attached <br /> (the "Property"),pursuant to that certain Mortgage, Security Agreement, Assignment of <br /> Leases and Rent and Fixture Financing Statement dated August 6, 1999 and recorded <br /> August 12, 1999 as Document No. 3192219 (the"Mortgage") from WSI Industries, Inc., <br /> a Minnesota corporation,which is the fee owner of the Property("Owner"). <br /> B. The City of Orono, a Minnesota municipal corporation(the"City") has requested that <br /> Owner grant an easement in favor of the City, which easement is evidenced by that <br /> certain Easement Agreement by and between the Owner and the City and is dated as of <br /> 2000 and has been filed for record on <br /> 2000 as Document No. (the"Easement"). <br /> C. The City has further requested that US Bank subordinate the lien of the Mortgage to the <br /> rights of the City as set forth in the Easement. <br /> IT IS AGREED: <br /> US Bank hereby consents to the terms and conditions of the Easement and further agrees <br /> that the Mortgage is subject and subordinate to the right of the City as set forth in the <br /> Easement. <br /> _IN AGREEMENT, the undersigned has caused this Consent to be executed effective as <br /> of r , 2000. <br /> U.S. BANK NATIONAL ASSOCIATION <br /> By - <br /> Its V <br /> Doc# 1226653\3 <br />