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�a <br /> Office of the County Recorder <br /> Sherburne County,MN <br /> DocNo.770025 <br /> Certified,tiled,mid/at monied on <br /> /� 4/2612013 2:50 PM <br /> NO.1�)q6.,2 DA't'E g �J�------- ;.,�.le Ache.County Recorder <br /> MTG REGISTRY TAX OF$12/ AtD �`'�� <br /> By, peputy <br /> F8.5: $4600 <br /> County Auditor/Treasurer <br /> 111111111111111 I <br /> 416Adli.06.2 A-44' <br /> DeputyAuditor reasuror 770025 <br /> MORTGAGE <br /> AND <br /> ASSIGNMENT OF RENTS <br /> AND <br /> SECURITY AGREEMENT <br /> AND <br /> fJXTUREFINANCING STATEMENT <br /> This Mortgage and Assignment of Rents and Security Agreement and Fixture <br /> Financing Statement ("Mortgage") is made as of April 25, 2013, by BLUE EGG <br /> MARKET, LLC, a Minnesota limited liability company ("Mortgagor"}, in favor of <br /> Economic Development Authority of the City of Elk River, a public body corporate and <br /> politic of the State of Minnesota("Mortgagee"). <br /> THE MAXIMUM AMOUNT SECURED BY THIS MORTGAGE IS $74,500.00 <br /> OF PRINCIPAL INDEBTEDNESS, TOGETHER WITH ALL INTEREST ACCRUING <br /> THEREON AND ANY AMOUNTS WHICH MAY BE ADVANCED BY <br /> MORTGAGEE IN PROTECTION OF THE MORTGAGED FREMISES OR TIC LIEN <br /> OF THIS MORTGAGE. <br /> RECITALS <br /> A. Mortgagor has executed and delivered to Mortgagee a Promissory Note <br /> effective as of the date hereof in the principal amount of$74,500.00 and bearing interest <br /> at the rate set forth therein, with principal being due and payable as set forth therein and <br /> with all principal and interest, if not sooner paid,being due and payable on May I,2023 <br /> (the Promissory Note as the same may be renewed, extended, replaced, modified or <br /> amended is herein called the"Nate"); <br /> Return to; <br /> Sherburne Co.Abstract&TWo CO. <br /> 351 Main street j 3L )1q , <br /> Elk River,MN 55330 <br />