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<br />02-17-06 <br /> <br />MORTGAGEE CONSENT TO SUBDIVISION AGREEMENT <br />Pheasant Marsh 3rd Addition <br /> <br />, which holds mortgage(s) on the subject <br />property, the development of which is governed by the foregoing Development/Subdivision <br />Agreement, agrees that the Agreement shall remain in full force and effect even if it forecloses <br />on its mortgage(s). <br /> <br />Dated this _ day of <br /> <br />,2005. <br /> <br />MORTGAGEE <br /> <br />By: <br />Its: <br /> <br />STATE OF MINNESOTA ) <br />( ss. <br />COUNTY OF ) <br /> <br />The foregoing instrument was acknowledged before me this _ day of <br />2005, by , the <br />of , on behalf of <br /> <br />NOTARY PUBLIC <br /> <br />Q:\Agreements\Pheasant Marsh 3\Pheasant Marsh 3rd Addition V14.doc <br /> <br />Page 22 <br /> <br />~t <br />