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LOAN SERVICING AGREEMENT THIS AGREEMENT (the "Agreement") is entered into as of , 2017, by and between Community Reinvestment Fund, Inc., a Minnesota nonprofit corporation with an office at 801 Nicollet Mall, Suite 1700W, Minneapolis, MN 55402 ("Servicer") and the city of Mounds View, a municipal corporation under the laws of the state of Minnesota, with its principal address at 2401 Mounds View Boulevard, Mounds View, MN 55112 ("Client"). WITNESETH that in consideration of their mutual undertakings and payments provided for herein, the parties recite, covenant and agree as follows: WHEREAS, Servicer is a nonprofit corporation engaged in the servicing of development loans; and WHEREAS, Servicer represents that it is qualified and authorized to perform the services described herein; and WHEREAS, Client originates, purchases, owns and/or manages loans that benefit economically distressed or declining areas, disadvantaged persons, neighborhood or community revitalization, fosterjob creation, or other section 501(c)(3) charitable purposes; and WHEREAS, Servicer is authorized by Client to function as a servicing agent under the terms of this Agreement; and WHEREAS, the Client now desires to have Servicer perform the duties set forth herein for the loans covered by this Agreement. NOW THEREFORE, Servicer and the Client agree as follows: Section 1. Client Loans. Servicer shall be responsible for servicing all loans identified by the Client under the terms of this Agreement (the "Client Loans"). Section 2. Duties of Servicer. Servicer shall, at all times and with respect to all Client Loans, employ its normal and regular servicing activities in the servicing of Client Loans. The Servicer shall also perform those responsibilities specifically set forth on Schedule 1, attached hereto (the "Services"). The parties acknowledge that, from time to time, the Services may be modified at the request of the Client and agreement by the Servicer. Such changes shall be mutually agreed upon and are not effective unless agreed to in writing evidenced by the execution of a revised Schedule 1. Section 3. Effective Date. Servicer shall commence servicing activities under this Agreement effective as of the date of this agreement. Section 4. Servicing Compensation and Reimbursement. The Client shall compensate Servicer for the Services in accordance with the fee schedule attached hereto as Schedule 2 and reimburse Servicer for any of Servicer's out of pocket third -party costs of recordation, perfecting or releasing liens, legal costs incurred, servicing of notices, repossession, foreclosure, and other similar costs paid by Servicer on behalf of Client with respect to Servicer's actions on specific Client Loan(s) (collectively, the "Fees"). Servicer shall invoice Client monthly and all invoiced Fees, which are due within thirty (30) days from the date of the invoice or as otherwise provided herein. Following the Initial Term (hereinafter defined), as hereinafter defined, Servicer 506156v2 AMB MU210-194