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<br />2021-07-12 Final Version 26 <br />MORTGAGE HOLDER CONSENT <br />TO <br />DEVELOPMENT CONTRACT <br /> <br /> <br /> _______________________________________________________, which holds a <br />mortgage on the subject property, the development of which is governed by the foregoing <br />Development Contract, which mortgage is dated ___________ and recorded _____________ <br />with the Ramsey County Recorder/Registrar as document number __________, agrees that the <br />Development Contract shall remain in full force and effect even if it forecloses on its mortgage. <br /> <br /> Dated this _____ day of ____________, 2021. <br /> <br /> <br /> <br /> ______________________________________ <br /> <br /> <br /> ______________________________________ <br /> <br /> <br /> <br />STATE OF MINNESOTA ) <br /> ( ss. <br />COUNTY OF ___________ ) <br /> <br /> <br /> The foregoing instrument was acknowledged before me this _____ day of ___________, <br />2021, by ______________________________, the ________________________ of <br />_____________________________, a _______________________, on behalf of the entity. <br /> <br /> ________________________________________ <br /> Notary Public <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