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3. Amendment to Add SECTION 13. The Declaration is hereby amended to add the <br />following SECTION 13: <br />13. Subject to the HUD Regulatory Agreement, the MHFA may <br />require the Declarant to indemnify and hold the MHFA harmless <br />from all loss, costs, damage and expense arising from any claim or <br />proceeding instituted against the MHFA relating to the <br />subordination and covenants set forth in this Agreement, provided, <br />however, that Declarant's obligation to indemnify and hold the <br />MHFA harmless shall be limited to available surplus cash and/or <br />residual receipts of the Declarant. <br />4. Remaining Effectiveness. Except as herein specifically amended, the Declaration <br />shall remain in full force and effect as written. <br />5 Successors and Assigns. Each agreement, and each and every covenant, <br />agreement, and other provisions hereof shall be binding upon each of the parties hereto and their <br />successors and assigns. <br />6. Governing Law. This Amendment is made and executed in the state of Minnesota <br />and shall be governed by the laws of said state. <br />7. Counterparts. This Amendment may be executed in any number of counterparts, <br />each of which shall be deemed an original, but all of which shall constitute one instrument. <br />[The remainder of this page has been left blank intentionally.] <br />[Signature pages to follow.] <br />439179.1 3 <br />