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<br />LA515-110-838683.v10 <br /> <br />MORTGAGEE CONSENT TO <br />DEVELOPMENT AGREEMENT <br /> <br /> <br /> , which holds a <br />mortgage on the Property, the development of which is governed by the foregoing Development <br />Agreement, agrees that the Development Agreement shall remain in full force and effect even if <br />it forecloses on its mortgage. <br />Dated this day of , 2023. <br />STATE OF MINNESOTA ) <br /> ) ss. <br />COUNTY OF ) <br /> <br />The foregoing instrument was acknowledged before me this ___ day of ________________, <br />2023, by _______________________________________________________________. <br /> <br />NOTARY PUBLIC <br />DRAFTED BY: <br />City of Lake Elmo 3880 Laverne Avenue North Lake Elmo, MN 55042 (651) 747-3901 <br /> <br />