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.,•ne _has duly xecuteeL - li hi ?r•gram.go,r gage and Repayment <br /> agreement, <br /> Qwner and Mortgagor. <br /> 7. If this Agreement is executed by a contract for decd vendor or a mortgagee of the property,as one <br /> of the Owners, such execution shall be deemed for the purpose of establishing and continuing the <br /> existence of the indebtedness described herein and the lien granted herein. However, in the event <br /> of default of the terms hereof neither the City of Ell: River nor its assignees shall take any action <br /> against such contract for deed vendor except such as may be necessary in order to subject to the <br /> satisfaction of said indebtedness the property described heroin. <br /> (Name) <br /> STATE OF MINNESOTA) <br /> )ss. <br /> COUNTY OF( <br /> The foregoing instrument was acknowledged before me this day of ,20 ,by <br /> (Name) <br /> Notary Public <br /> S-I <br />