Agenda Packets - 1989/07/10 - Laserfiche WebLink

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CERTIFICATE OF COMPLETION AND RELEASE OF FORFEITURE s WHEREAS, the City of Mounds View, Minnesota, a municipal corporation (the "Grantor"), by a Deed registered in the Office of the Registrar of Titles in and for the County of Ramsey and State of Minnesota, as Deed Document Number 882838, conveyed to Everest. Investments Limited Partnership, a Minnesota limited partnership (the "Grantee"), the following described land in the Courty of Ramsey and State of Minnesota, to -wit: Lot 1, Block 1, Mounds View Business Park 2nd Addition, according to the recorded plat thereof; and WHEREAS, said Deed contained certain covenants and restrictions, the breach of which by Grantee, its successors and assigns, would result in a forfeiture and right of re- entry by Grantor, its successors and assigns, said covenants and restrictions being set forth in Sections 1 and 2 of said Deed; and WHEREAS, said Grantee has performed said covenants and conditions insofar as it is able in a manner deemed sufficient by the Granter to permit the execution and! recording of this certification; NOW, THEREFORE, this is to certify that all building construction and other physical improvements specified to be done and made by the Grantee hsve been completed and the above covenants and conditions in said Deed have been performed by the Grantee therein and that the provisions for forfeiture of title and right to re-entry for breach of condition subsequent by the Grantor therein is hereby released absolutely and forever insofar as it applies to the land described herein, and the Registrar of Titles in and for the County of Ramsey and State of Minnesota is hereby authorized to accept for recording and to record, the filing of this instrument, to be a conclusive determination of the satisfactory termination of the covenants and conditions of the contract referred to in said Deed, the breach of which would result in a forfeiture and right of re-entry, but the 11