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AMENDED AND RESTATED MORTGAGE <br />AND <br />ASSIGNMENT OF RENTS <br />AND <br />SECURITY AGREEMENT <br />AND <br />FIXTURE FINANCING STATEMENT <br />ThisAmended and RestatedMortgage and Assignment of Rents and Security Agreement <br />and Fixture Financing Statement (“Mortgage”) is made as of ___________, by YANKEE <br />DOODLE ENTERPRISES, LLC,a Minnesota corporation(“Mortgagor”), in favor of the <br />ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF ELK RIVER, a public body <br />corporate and politic of the State of Minnesota (“Mortgagee”). <br />THE MAXIMUM AMOUNT SECURED BY THIS MORTGAGE IS $59,658.00OF <br />PRINCIPAL INDEBTEDNESS, TOGETHER WITH ALL INTEREST ACCRUING <br />THEREON AND ANY AMOUNTS WHICH MAY BE ADVANCED BY MORTGAGEE IN <br />PROTECTION OF THE MORTGAGED PREMISES OR THE LIEN OF THIS MORTGAGE. <br />This Mortgagesalters an existing mortgage by providing for an increase in the <br />amount of debt secured by the Original Mortgage and therefore shall be taxed based upon <br />the increase in the amount of the debt secured by this Mortgage in the amount of <br />$19,175.00. This Amended and Restated Mortgage is an “amendment” as defined in <br />Minnesota Statutes, Section 287.01, subdivision 2, and as such it does not secure an <br />increased amount of debt, other than as set forth above. <br />RECITALS <br />A.The Mortgagorexecuted and delivered the Mortgage and Assignment of Rents <br />and Security Agreement and Fixture Financing Statement, dated September 10, 2013 (the <br />“Original Mortgage”) to secure its obligations as the guarantor under the Corporate Guaranty, <br />dated September 10, 2013 (the “Original Guarantor”) as the guarantor of a loan made by the <br />Mortgagee to Alan Arnold Corporation (the “Borrower”) in the amount of $74,999 (the “Original <br />Loan”) pursuant to an Energy Efficiency Improvement Program Loan Agreement, dated <br />September 10, 2013 (the “Original Loan Agreement”). The Original Loan is currently <br />outstanding in the principal amount of $40,482.91. <br />B.The Original Mortgage was filed on September18,2013as Document Number <br />49208in the Office of the County Recorder of SherburneCounty, Minnesotaand was amended <br />by a First Amendment to Mortgage and Assignment of Rents and Security Agreement and <br />Fixture Financing Statement, dated ________, 2017 and filed as Document Number ___ in the <br />Office of the County Recorder of Sherburne County, Minnesota., <br />C.The Mortgagor proposes to amend and restate the Original Mortgage in order to <br />secure additional debt by delivering the Mortgage securing indebtedness in the principal amount <br />of $59,657.91to reflect that reflect that the Mortgagee is providing an additional loan in the <br />A-1 <br />533955v3 GAF EL185-57 <br />