Laserfiche WebLink
CONSENT TO ASSESSMENT AGREEMENT <br />The , of (the <br />"Bank "), does hereby consent to all terms, conditions and provisions of the foregoing <br />Assessment Agreement and agrees that, in the event it purchases the Development Property at a <br />foreclosure sale or acquires the Development Property through a deed in lieu of foreclosure or <br />otherwise in satisfaction of the indebtedness owed by the Developer, it and its respective <br />successors and assigns, shall be bound by all terms and conditions of the Assessment Agreement, <br />including but not limited to the provision which requires that the minimum market value of the <br />Development Property shall be $4,000,000 as of January 2, 2004 and subsequent assessments <br />through the Termination Date. <br />IN WITNESS WHEREOF, we have caused this Consent to Assessment Agreement to be <br />executed in its name and on its behalf as of this day of , 2003. <br />By <br />Its <br />STATE OF MINNESOTA ) <br />) ss. <br />COUNTY OF ) <br />This instrument was acknowledged before me this day of <br />2003, by , the of , a <br />, on behalf of the <br />1549292v2 <br />Notary Public <br />P <br />