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<br />6 <br />MORTGAGE HOLDER CONSENT <br />TO FIRST AMENDMENT TO <br />DEVELOPMENT AGREEMENT <br /> <br /> <br /> Hiawatha National Bank, which holds two (2) mortgages on the subject property, the <br />development of which is governed by the foregoing Development Agreement, which: <br /> <br />the first mortgage is dated December 27, 2024 and recorded December 31, 2024 with the <br />Ramsey County Recorder/Registrar as document number A5050799; <br /> <br />the second mortgage is dated December 27, 2024 and recorded December 31, 2024 with <br />the Ramsey County Recorder/Registrar as document number A5050802; <br /> <br />agrees that the Development Agreement shall remain in full force and effect even if it forecloses <br />on its mortgages. <br /> <br /> Dated this _____ day of ____________, 2025. <br /> <br /> <br /> <br /> ______________________________________ <br /> By: __________________________________ <br /> Its: <br /> <br /> <br />STATE OF ___________ ) <br /> ) ss. <br />COUNTY OF ___________ ) <br /> <br /> <br /> The foregoing instrument was acknowledged before me this _____ day of ___________, <br />2025, by ______________________________, the ________________________ of Hiawatha <br />National Bank, a _______________________, on behalf of the entity. <br /> <br /> ________________________________________ <br /> Notary Public <br /> <br /> My Commission expires: ___________________ <br /> <br />DRAFTED BY: <br />LEVANDER, GILLEN & MILLER <br />Professional Association <br />1305 Corporate Center Drive, Suite 300 <br />Eagan, Minnesota 55121 <br />Telephone: (651) 451-1831