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<br />19 <br /> <br />MORTGAGEE CONSENT <br />TO <br />DEVELOPMENT CONTRACT <br /> <br /> <br /> U.S. Bank National Association, which holds mortgages on part of the Land, the <br />development of which is governed by the foregoing Development Contract, agrees that the <br />Development Contract shall remain in full force and effect even if it forecloses on its mortgages. <br />The aforementioned mortgages are more specifically described as follows: <br /> <br />1) Mortgage dated October 21, 2020, filed November 5, 2020, in the Office of the Registrar of <br />Titles, as Document No. 5766357, and filed March 11, 2021, in the Office of the County <br />Recorder as Document No. 10929524 to secure $1,839,000.00. <br />2) Mortgage dated October 21, 2020, filed November 5, 2020, in the Office of the Registrar of <br />Titles, as Document No. 5766368 and filed March 11, 2021, in the Office of the County <br />Recorder as Document No. 10929525 to secure $500,000.00. <br /> <br /> Dated this _____ day of ____________, 2021. <br /> <br /> <br /> _______________________________________ <br /> <br /> <br /> BY: ______________________________________ <br /> Its: <br /> <br />STATE OF MINNESOTA ) <br /> )ss. <br />COUNTY OF ___________ ) <br /> <br /> The foregoing instrument was acknowledged before me this _____ day of <br />____________________, 2021, by __________________________________ the <br />______________________________ of ______________________________, on its behalf. <br /> <br /> <br /> ________________________________________ <br /> NOTARY PUBLIC <br /> <br /> <br /> <br />DRAFTED BY: <br />CAMPBELL KNUTSON <br />Professional Association <br />Grand Oak Office Center 1 <br />860 Blue Gentian Road, #290 <br />Eagan, Minnesota 55121 <br />Telephone: (651) 452-5000 <br />SNC