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IN WITNESS WHEREOF, the undersigned has caused this Note to be effective as of the <br /> day and year first above written. <br /> F &M PROPERTIES, LLC <br /> a Minnesota limited liability company <br /> By: <br /> Fred Trapp <br /> Its: President <br /> By: <br /> Michael Tracey <br /> Its: Vice President <br /> S-3 <br /> 477376v2 EL185-40 <br />