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BRIGGS AND MORGAN <br />2200 FIRST NATIONAL BANK BUILDING <br />332 MINNESOTA STREET <br />SAINT PAUL. MINNESOTA 55101 <br />TELEPHONE (612) 223 -6600 <br />FACSIMILE (612) 223 -6450 <br />PROFESSIONAL ASSOCIATION <br />WRITER'S DIRECT DIAL <br />(612) 223-6564 <br />WRITER'S E -MAIL <br />October 2, 1998 bratho @briggs.com <br />Joel Hanson <br />City Administrator <br />Little Canada City Hall <br />515 Little Canada Rd. <br />St. Paul, MN 55117 -1600 <br />Subject: Cit of Little Canada - Loan A reement between The Economic <br />Development Authority of the City of Little Canada and Market <br />Place Center Limited Liability Company; Our File No. 6095.90 <br />Dear Joel: <br />In response to the request you faxed to me on Thursday, October 1st, I enclose a <br />Minnesota Uniform Conveyancing Blank Form Satisfaction of Mortgage satisfying the <br />Statutory Mortgage, Assignment of Rents and Profits, Security Agreement and Fixture <br />Financing Statement Market Place Center Limited Liability Company executed on December <br />27, 1995 in favor of The Economic Development Authority of the City of Little Canada. I <br />also enclose a UCC -3 Termination Statement evidencing the termination of the security <br />instrument evidenced by the Financing Statement Market Place Center Limited Liability <br />Company executed in connection with the above - referenced loan transaction. <br />Assuming the City is in agreement that the amount Commercial Partners Title, LLC <br />wire transferred to the City on September 30, 1998 fully satisfies the loan, the President of <br />the EDA should execute both the Satisfaction of Mortgage and the UCC -3 Termination <br />Statement at the signature lines indicated by the yellow tabs. Note that the President must <br />acknowledge his signature on the Satisfaction of Mortgage before a notary public and the <br />notary must complete the acknowledgment form. Once both documents are signed and <br />notarized you should forward the originals directly to Jane Miller at Commercial Partners <br />Title, LLC for recording and filing. <br />956328.1 <br />MINNEAPC RIGGS.COM <br />MEMBER - LEX MUNE <br />Page 28 <br />EPENDENT LAW FIRMS <br />