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b. Assignment of Rents and Leases executed by Mortgagor in favor of First Mortgagee on <br />September 26, 2013, and filed on September 27, 2013, as Document No. 778854 in the <br />office of the County Recorder of Sherburne County, Minnesota, to secure an original <br />indebtedness of Five Million Ninety Three Thousand Dollars ($5,093,000.00), as amended <br />by that Amendment to Assignment of Rents and Leases executed by Mortgagor on <br />May , 2014, and recorded on May , 2014 as document number <br />, increasing the total amount of indebtedness secured by the <br />Assignment of Rents and Leases to the sum Five Million Four Hundred Seventy <br />Nine Thousand Dollars ($5,479,000.00). <br />It is hereby further agreed that all of the stipulations, provisions, conditions and covenants <br />of the Subordinated Mortgages shall remain in full force and effect except as subordinated to the <br />Priority Liens identified herein, and nothing herein contained shall be construed to impair the <br />security or lien of the holder of said Subordinated Mortgages, except as specifically set forth herein. <br />ECONOMIC DEVELOPMENT AUTHORITY <br />OF THE CITY OF ELK RIVER <br />By: <br />Its: President <br />And By: <br />Its: Executive Director <br />State of Minnesota ) <br />) ss <br />County of Sherburne ) <br />This instrument was acknowledged before me on , 2014, by <br />and , the President and Executive <br />Director, respectively, of the Economic Development Authority of the City of Elk River, a public <br />body corporate and politic of the State of Minnesota, on behalf of said Economic Development <br />Authority. <br />Notary Public <br />THIS INSTRUMENT WIAS DRAFTED BY.• <br />GRIES LENHARDT MICHENFELDER ALLEN, P.L.L.P. <br />Jill M. Presseller <br />12725 - 43d Street N.E., Suite 201 <br />St. Michael, MN 55376 <br />763- 497 -3099 <br />2 <br />