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Ninety Three Thousand Dollars ($5,093,000.00), as amended by that Amendment to Mortgage <br /> executed by Mortgagor on , and recorded on as document number <br /> increasing the total amount of indebtedness secured by the mortgage to the sum <br /> Five Million Four Hundred Seventy Nine Thousand Dollars ($5,479,000.00), and the Bank and any <br /> other person or entity which acquired title to the Development Property (as defined in the <br /> Development Agreement) as a result of a foreclosure sale or otherwise shall take title to the <br /> Development Property subject to the Assessment Agreement and the terms and provisions thereof. <br /> Without limiting the generality of the foregoing, the Bank hereby consents to the minimum market <br /> value of the Development Property as set forth in the Assessment Agreement. <br /> SUBORDINATE CREDITOR: <br /> City of Elk River, Minnesota <br /> By: <br /> Its: Mayor,John J. Dietz <br /> And by: <br /> Its: City Clerk,Tina Allard <br />