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152229v01 <br />SMM:06/07/2010 <br />17 <br />MORTGAGE CONSENT <br />TO <br />DEVELOPMENT CONTRACT <br />_______________________________________________, which holds a mortgage on the subject <br />property, the 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 mortgage. <br />Dated this _____ day of ____________, 20____. <br />________________________________ <br />BY: ______________________________________ <br />Its <br />STATE OF MINNESOTA ) <br />( ss. <br />COUNTY OF ___________) <br />The foregoing instrument was acknowledged before me this _____ day of ________________, <br />20____, by ______________________________ the ______________________________ of <br />______________________________, on its behalf. <br />________________________________________ <br />NOTARY PUBLIC <br />DRAFTED BY: <br />CAMPBELL KNUTSON <br />Professional Association <br />317 Eagandale Office Center <br />1380 Corporate Center Curve <br />Eagan, Minnesota 55121 <br />Telephone: (651) 452-5000 <br />SMM <br />228