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5.1. SR 10-17-2005
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5.1. SR 10-17-2005
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1/21/2008 8:35:35 AM
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10/14/2005 1:29:37 PM
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10/17/2005
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<br />CONSENT TO JACKSON BLOCK ASSESSMENT AGREEMENT <br /> <br />The . of <br />(the "Bank"). does herebv consent to all terms. conditions and nrovisions of the fore!!oin!! <br />Jackson Block Assessment A!!reement and a!!rees that. in the event it nurchases the <br />Jackson Block Pronertv at a foreclosure sale or aCQuires the Jackson Block Pronertv <br />throu!!h a deed in lieu of foreclosure or otherwise in satisfaction of the indebtedness owed <br />bv the Develoner. it and its resnective successors and assi!!ns. shall be bound bv all terms <br />and conditions of the .Jackson Block Assessment A!!reement. includin!! but not limited to <br />the nrovision which reQuires that the minimum market value of the Develonment Pronertv <br />shall be $ as of .Januarv 2. 200 and subseQuent assessments throu!!h the <br />Termination Date. <br /> <br />IN WITNESS WHEREOF. we have caused this Consent to .Jackson Block <br />Assessment A!!reement to be executed in its name and on its behalf as of this dav of <br />. 2005. <br /> <br />Bv <br />Its <br /> <br />STATE OF MINNESOTA) <br /> <br />) ss. <br /> <br />COUNTY OF <br /> <br />) <br /> <br />This instrument was acknowled!!ed before me this <br />2005. bv . the of <br />. on behalf of the <br /> <br />dav of <br /> <br />. a <br /> <br />Notarv Public <br /> <br />1824344vRED V2 to VI; 10/12/05 <br /> <br />Q-6 <br />
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