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DRAFT <br />21 <br />232402v15 <br />MORTGAGEE CONSENT <br />TO <br />DEVELOPMENT CONTRACT <br /> <br /> <br /> ________________________________, which holds a mortgage on the subject property, the <br />development of which is governed by the foregoing Development Contract, agrees that the Development <br />Contract shall remain in full force and effect even if it forecloses on its mortgage. <br /> <br /> Dated this _____ day of ____________, 2024. <br /> <br /> [printed bank name] <br /> <br /> <br />By: <br /> [printed name] <br />Its: [printed title] <br /> <br /> <br /> <br /> <br />STATE OF MINNESOTA ) <br /> ) ss. <br />COUNTY OF ___________ ) <br /> <br />The foregoing instrument was acknowledged before me this _____ day of ____________________, 2024, <br /> [printed name], the [printed title] of [printed bank name], <br />a [printed bank state and type], on its behalf. <br /> <br /> <br /> ________________________________________ <br /> Notary Public <br /> <br /> <br /> <br /> <br /> <br />DRAFTED BY: <br />_____________________ <br />_____________________ <br />_____________________ <br />_____________________ <br />Telephone: (___) ___ - ____ <br /> <br />169