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respective successors and assigns. The Subordinated Creditor waives notice of the Bank's <br />acceptance of this Agreement. <br />SUBORDINATED CREDITOR: <br />Dated: ECONOMIC DEVELOPMENT AUTHORITY <br />OF THE CITY OF ELK RIVER <br />By: <br />Dan Tveite <br />Its: President <br />And By: <br />Brian Beeman <br />Its: Executive Director <br />