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Draft 2-25-2005 <br />3-8-2005 <br />4-27-2005 <br />FOR USE BY FILING OFFICER ONLY <br />COMBINATION MORTGAGE, SECURITY AGREEMENT, AND <br />FIXTURE FINANCING STATEMENT <br />THIS MORTGAGE is made and entered into on this day of , 2005, <br />between MDI Limited Partnership #70, a Minnesota limited partnership ("Mortgagor"), and the <br />Housing and Redevelopment Authority in and for the City of Elk River, a public body corporate <br />and politic ("Mortgagee"). <br />WITNESSETH: <br />In consideration of the sum of Four Hundred Thousand and No/100 Dollars ($400,000), in <br />hand paid to Mortgagor, and for other good and valuable consideration, the receipt and <br />sufficiency of which sum and consideration is hereby acknowledged, Mortgagor does hereby <br />mortgage, grant, bargain, sell, and convey unto Mortgagee, its successors and assigns, forever, all <br />the tract(s) or parcel(s) of land (the "Land") located in the County of Sherburne, State of <br />Minnesota, described in Exhibit A attached hereto and made a part hereof. <br />TOGETHER WITH (i) all the buildings, structures, and other improvements now or <br />hereafter erected on the Land, (ii) all building materials, supplies, and equipment now or <br />hereafter located on the Land, and suitable or intended to be incorporated or installed in any <br />building, structure, or other improvement erected or to be erected on the Land, (iii) all lighting, <br />