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TENANT ESTOPPEL CERTIFICATE <br />(First National Financial Services, Inc.) <br />To: The Housing and Redevelopment Authority in and for the <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />Subject: , 20061ease between the Houlton Investment Company, <br />and First National Financial Services, Inc. <br />First National Financial Services, Inc. ("First National") is making the statements set <br />forth below with the knowledge and understanding that the Housing and Redevelopment <br />Authority of the City of Elk River will rely on the accuracy of such statements in connection <br />with its decision to purchase the real property legally described on the attached Exhibit A from <br />the Houlton Investment Company. <br />1. First National is the "Tenant" under that certain Lease between the Houlton <br />Investment Company and First National dated , 2006 (the "Lease"). <br />2. The Lease is unmodified and in full force and effect. <br />3. The term of the Lease is month-to-month. <br />4. The gross rent due under Section 4 of the Lease is $650 per month. <br />5. To the best of First National's actual knowledge, Landlord is not currently in <br />default in the performance of any of Landlord's obligations under the Lease. <br />6. Currently, there are no improvements or fixtures, other than Tenant trade fixtures, <br />located on the Premises which First National has a right to remove pursuant to the terms of the <br />Lease. <br />7. No labor or materials have been provided to the Leased Premises at the request of <br />First National for which full payment has not been made. <br />8. The individual executing this Certificate on behalf of First National represents to <br />the Housing and Redevelopment Authority of the City of Elk River that he or she has all legal <br />and corporate authority necessary to execute this Certificate on behalf of First National <br />FIRST NATIONAL FINANCIAL <br />SERVICES, INC. <br />By: <br />Its: <br />i941~z~~~ D-3 <br />