Notice of Mortgage Foreclosure sale-2010

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.,�• whatsoever, nor constitute or give rise.to a pecuniary or moral obligation or be a charge against the general credit or taxing powers of the State,Hennepin County or the Issuer. This Note shall be registered and shall be transferable upon the books of the Issuer at the office of the Issuer by the Holder hereof in person or by the Holder's attorney duly authorized in writing, upon surrender hereof together with a written instivment of transfer satisfactory to the Issuer,duly executed by the Holder or the Holder's duly authorized attorney. Upon such transfer the Issuer wiil note the date of registration and the name and address of the new Holder upon the books of the Issuer and in the registration blank appearing below. Alternatively, the Issuer will at the request and expense of the Holder issue a new note or notes in an aggregate principal amount equal to the unpaid principal balance of this Note, and of like tenor except as to number, principal amount and the number and amount of the installments payable thereunder, and registered in the name of the Holder or such transferee as may be designated by the Holder. The Issuer may deem and treat the pecson in whose name this Note is last reg'�stered upon the books of the Issuer with such registration also noted on the Note, as the absolute owner hereof,whether or not overdue, for the purpose of receiving payment of or on account of the principal balance, prepayment price, or interest and for all other purposes, and all such payments so made to the Holder or upon its order shall be valid and effectual to satisfy and discharge the liability upon this Note to the extent of the sum or sums so paid, and the Issuer shall not be affected by any notice to the contrary. Time is of the essence under this Note. If an"Event of DefaulY' occurs under the Loan Agreemen�, or if any other event occurs which entitles the Holder to accelerate payment under the Loan Agreement, then the Holder may at its right and option (subject, however, to such ' _� notice as may be required under the Loan Agreement) declare immediately due and payable the principal balance of this Note, the premium, if any, due hereon, and interest accxued thereon to the date of declaration of such default, together with any attorneys' fees incurred by the Holder in collecting or enforcing paym�t thereof,whether suit be brought or not,and all other sums due hereunder,in which event this Note shall be prepaid in accordance with the provisions hereof. The Holder shall not be deemed,by any act of omission or commission,to have waived any of its rights or remedies hereunder unless such waiver is in writing and signed by the Holder and then only to the extent specifically set forth in the writing. A waiver with reference to one event shall not be construed as continuing or as a baz to or waiver of any right or remedy as to any subsequent even� It is intended that this Note is made with reference to and shall be construed as a Minnesota contract and governed by the laws thereof. The Issuer has designated this Note as a "qualified tax-exempt obligation" pursuant to Section 265(b)(3)of the Internal Revenue Code of 1986,as amended. IT IS HEREBY CERTIFIED AND RECITED that all conditions, acts and things required to exist, happen, and be performed precedent to or in the issuance of this Note do exist, have happened and have been performed in regular and due form as required by law.