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04-26-2023 Council Packet
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04-26-2023 Council Packet
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8/24/2023 5:08:29 PM
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8/23/2023 8:26:09 PM
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<br /> <br />EXHIBIT B <br />CROSS COLLATERALIZATION RIDER <br /> <br />Exhibit B to Mortgage, Assignment of Rents and Leases, Security Agreement and Fixture Filing, dated as <br />of May 1, 2023, by Little Canada Phase II Limited Partnership for the benefit of City of Little Canada, <br />Minnesota: <br /> <br />ADDITIONAL OBLIGATIONS SECURED. In addition to the obligations secured by this Mortgage and <br />described as “Secured Obligations” herein, this Mortgage shall also secure the payment and performance <br />of all obligations contained in that certain Promissory Note in the principal amount of $_________ (the <br />“Bridge Note”), by Little Canada Phase II Limited Partnership in favor of Funding Lender, its successors <br />and assigns, any and all extensions, renewals or modifications of the Bri dge Note and payment and <br />performance of any future advances and other obligations that the then-record owner of all or part of the <br />Property may agree to pay and/or perform (whether as principal, surety or guaranty) for the benefit of <br />Funding Lender and/or Beneficiary, when such future advance or obligation is evidenced by a writing <br />which recites that it is being secured by this Mortgage. <br /> <br />[Remainder of Page Intentionally Left Blank] <br />
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