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FIRST AMENDMENT TO MORTGAGE <br /> AND <br /> ASSIGNMENT OF RENTS <br /> AND <br /> SECURITY AGREEMENT <br /> AND <br /> FIXTURE FINANCING STATEMENT <br /> (Microloan) <br /> This FIRST AMENDMENT TO MORTGAGE AND ASSIGNMENT OF RENTS AND <br /> SECURITY AGREEMENT AND FIXTURE FINANCING STATEMENT (the "First Amendment to <br /> Mortgage") is made as of December2020,by SCOTT MORRELL, LLC, a Minnesota limited liability <br /> company("Mortgagor"),in favor of the ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF <br /> ELK RIVER,a public body corporate and politic of the State of Minnesota("Mortgagee"),and amends and <br /> supplements the Mortgage and Assignment of Rents and Security Agreement and Fixture Financing <br /> Statement,dated August 6,2015 (the"Original Mortgage"),between the Mortgagee and Mortgagor. <br /> RECITALS <br /> A. On August 6, 2015, Mortgagee provided a loan to the Mortgagor in the amount of <br /> $200,000.00 (the "Loan") pursuant the Loan Agreement, dated August 6, 2015 (the "Original Loan <br /> Agreement"),between the Mortgagee and Mortgagor. <br /> B. To evidence the Loan, the Mortgagor executed a Promissory Note, dated August 6, 2015 <br /> (the "Original Promissory Note"),with a five-year balloon payment due on August 1,2020. <br /> C. The Original Mortgage granted a security interest in the property located in Sherburne County, <br /> Minnesota and legally described in EXHIBIT A, attached hereto (the "Mortgaged Property") and was <br /> recorded in the Office of the County Recorder of Sherburne County, Minnesota on August 10, 2015, as <br /> Document Number 807893. <br /> D. Mortgagee requested an extension of the maturity date of the Loan. The Mortgagor <br /> approved an extension of the maturity date to August 1, 2022. The Loan is currently outstanding in the <br /> amount of $154,170.63. Mortgagee has requested, and the Mortgagor has agreed, that the Original <br /> Mortgage be amended to reflect the amended terms of the Loan. <br /> E. To evidence the amendment to the terms of the Loan,the Mortgagee has agreed to deliver <br /> to the Mortgagee (i) the First Amendment to Security Agreement, of even date herewith (the "First <br /> EL185\33\693027.v2 <br />