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[40111111W W <br />CONCORDIA ACADEMY ASSO)CIATIOIN OF'SCH101OLS <br />Dated as of March —, 2008 <br />Except for certain reserved rights, the interest of the City of Roseville, Minnesota, 'in this Loan <br />Agreement has been pledged and assigned to Premier Bank,, purisuiant to a Pledge Agreement of <br />even date herewith. <br />Thi*s instrument drafted by: <br />Briggs and Morgan, Profiessional <br />Association (TJH) <br />2200 IDS Center <br />80 South Eighth Street <br />Minneapolis, Mirinesota 55402 <br />2144817v I <br />