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-202- <br /> <br />CONSENT TO ASSESSMENT AGREEMENT <br /> <br /> The BANK N~E, or ~::~ITy (the "Sank"), does hereby consent to alt terms, <br />conditions and provisions of the foregoing Assessment A~eement and agrees that, in the event it <br />purchases the Development Property at a foreclosure sale or acquires the Development Property <br />through a deed in lieu of foreclosure or otherwise in satisfaction of the indebtedness owed by the <br />Developer, it and its respective successors 'and assigns, shall be bound by all terms and <br />conditions of the Assessment A~eement, including but not limited to the provision which <br />requires that the minimum market value of the Development Property shall be $ 2,265,000 as of <br />December 31, 2001 and subsequent assessments through the December 31, 2020 assessment. <br /> <br /> IN WITNESS WHEREOF, we have caused this Consent to Assessment Agreement to be <br />executed in its name and on its behalf as of this ~ day of ,2000. <br /> <br />By. <br /> Its <br /> <br />'STATE OF MINNESOTA ) <br /> ....... )ss ..... <br /> COUNTY OF ) <br /> <br /> This instrument was acknowledged before me this <br /> , the <br />a on behalf of the <br /> <br />day of__, 2000, by <br />of , <br /> <br />STATE OF MINNESOTA ) <br /> ) SS <br />COUNTY OF ) <br /> <br />Notary Public <br /> <br /> This instrument was acknowledged before me on <br /> , the <br />Townhomes L.P. <br /> <br /> ,2000, by <br />of ACCAP Ramsey <br /> <br />Notary Public <br /> <br />E-4 <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br /> <br /> <br />