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{� it is specifically agreed that the Grantee shall promptly begin and diligently <br />prosecute to completion the redevelopment of the Property through the construc- <br />tion of the Improvements thereon, as provided in the Agreement. <br />Promptly after completion of the Improvements <br />furnishthe <br />pwn corance Grantee withthe <br />tan <br />provisions of the Agreement, the Grant <br />appropriate instrument so certifying. Such certification by the Grantor shall be <br />on of <br />(and it snail be so provided In the certification s and <br />�covenantsvof the Agreement <br />satisfaction and termination of the agreements <br />of the Grantee, and its successors <br />and of this Deed with respect to the obligationnning and <br />and assigns, to construct the improvements an <br />uch determination shall dates for the bno�ticonstitute <br />completion thereof. Such certification and � <br />evidence of compliance with or satisfac loinof any s mortgagesgasecu ingtion of hmoney tloaned tee to any <br />holder of a mortgage, or any Insure <br />finance the purcahse of the Property hereby conveyed or the Improvements, or any <br />part thereof. <br />All certifications provided for herein shall be Registrar such or'm as wIU enable <br />ct Titles, Ramsey <br />them to be recorded with the County Recorder, or g <br />County, Minnesota. If the Grantor shall refuse or fail to provide any such <br />certification in accordance with the provisionsowri written Agreement <br />quest by the Grantee, <br />the Grantor shall, within thirty (30) days after <br />provide the Grantee with a written statement Indicating rements in tacco dance with <br />e detaU In what <br />respects the Grantee has failed to complete thep <br />the provisions of the Agreement or icn thofethesGrantore In ault, and what measures or <br />foe the Grantee to aka or <br />acts it will be necessary, In the opin <br />• perform In order to obtain such certification. <br />M7 E C ON fir • 4 <br />In the event the Grantee herein shall, prior to the recording of the <br />certificate of completion hereinabove referred tot <br />(a) Fait to begin construction of the theAgreement andsuch <br />Minimum A mt <br />defined In the Agreement) In conformity with g <br />failure Is not cured within thirty (30) days after written notice from the <br />Grantor to the Grantee to do so; or <br />(b) Pail to carry out Its obligations with respect to the construc- <br />tion of the Minimum Improvements (adefined <br />n twork,greement)j or and any failure <br />abandon or substantially suspend construction <br />abandonment or suspension shall not be <br />otoremedied <br />Granteethto <br />in <br />thirty (30) days after written demand from the Grantor <br />do so; or <br />(c) Pail to comply with any of its covenants under the Agreement <br />and fail to cure any such noncompliance or breach within thirty (30) days <br />after written demand from the Grantor to the Grantee to do so, or, <br />then the Grantor shall have the right to re-enter titor the estate conveyed by this <br />Property and to terminate and revest In the r <br />Reed to the Grantee, Its assigns or successors <br />withln the Interest, <br />time periods provided above <br />stated In Section 2 have not been cur® <br />• <br />C-2 <br />