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3.10 EDSR 01-17-2017
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3.10 EDSR 01-17-2017
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1/13/2017 1:25:29 PM
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City Government
type
EDSR
date
1/17/2017
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EXHIBIT E <br />CONSENT OF MORTGAGEE <br />The Bank of Elk River, a commercial bank organized and existing under the laws of the State <br />of Minnesota, (“Mortgagee”) is the owner and holder of that certain Mortgage executed by <br />Yankee Doodle Enterprises, LLC, a Minnesota limited liability company(“Borrower”) in <br />favor of Mortgagee dated _______________, 20____and recorded ______________, <br />20____in Office of the Registrar of Titles in and for Sherburne County, Minnesota as <br />Document No. ____________ (the “Mortgage”). Borrower is the current owner of property <br />subject to the Mortgage and has requested Mortgagee to execute this Consent to Easement to <br />(i) evidence the undersigned’s consent to Borrower’s execution of the foregoing Easement <br />and (ii) evidence Mortgagee’s agreement that Mortgagee’s right, title and interest in and to <br />the property subject to the Mortgage is subject and subordinate to the terms of the Easement. <br />In consideration of the benefits accruing to the property subject to the Mortgage pursuant to <br />the terms of the Easement, Mortgagee hereby consents to Borrower’s execution and <br />recording of the Easement and agrees that Mortgagee’s right, title and interest in and to the <br />property subject to the Mortgage is subject and subordinate to the terms of the Easement. <br />Dated this ____ day of ______________, 20____ <br />THE BANK OF ELK RIVER <br />By: ___________________________________ <br />Its:____________________________________ <br />By: ___________________________________ <br />Its:____________________________________ <br />STATE OFMINNESOTA) <br />) ss. <br />COUNTY OFSHERBURNE) <br />The foregoing instrument was acknowledged before me this ____ day of ____________, <br />20_____, by ______________________________ and by ______________________________, <br />the ___________________________ and ___________________________________, <br />respectively, of The Bank of Elk River, a Minnesota commercial banking corporation, on behalf <br />of the corporation. <br />_______________________________________ <br />Notary Public <br />Page 9of 10 <br /> <br />
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