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<br />13 <br />198004v3 <br />MORTGAGE HOLDER CONSENT <br />TO <br />DEVELOPMENT CONTRACT <br /> <br /> ______________________________________, ___________________________, which holds a <br />mortgage on all or part of the subject property, the development of which is governed by the foregoing <br />Development Contract, which mortgage was recorded on ______________________, as Document No. <br />________________ with the office of the County Recorder/Registrar of Titles for Ramsey County, Minnesota, <br />agrees that the Development Contract shall remain in full force and effect even if it forecloses on its mortgage. <br /> <br /> <br /> ________________________________________ <br /> <br /> <br /> By: ______________________________________ <br /> ___________________________ [print name] <br /> Its _________________________ [title] <br /> <br /> And _____________________________________ <br /> ___________________________ [print name] <br /> Its _________________________ [title] <br /> <br /> <br />STATE OF MINNESOTA ) <br /> ( ss. <br />COUNTY OF ___________ ) <br /> <br /> The foregoing instrument was acknowledged before me this ____ day of ____________, 2018, by <br />_____________________________________ and __________________________________, respectively the <br />_____________________________ and __________________________ of ____________________________, <br />a ______________________, on behalf of said _____________________. <br /> <br /> ________________________________________ <br /> Notary Public <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />DRAFTED BY: <br />CAMPBELL KNUTSON <br />Professional Association <br />Grand Oak Office Center I <br />860 Blue Gentian Road, Suite 290 <br />Eagan, Minnesota 55121 <br />Telephone: (651) 452-5000 <br />JJJ