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Draft I2/8/94 <br /> <br />This Agreement shall run with the Development Property and shall insure to the benefit of, <br />and be binding upon, the parities hereto and their respective heirs, executors, <br />representatives, successors and assigns. <br /> <br />o <br /> <br />In the event that the Owner or any of their heirs, executors, representatives, successors or <br />assigns fails or refuses to make the repayment required by this agreement within the time <br />established, the City may with or without notice foreclose said lien in the same manner as is <br />provided by statute for action for the foreclosure of mortgages upon real property. <br /> <br />ANOKA ELECTRIC COOPERATIVE <br /> <br />By: <br /> <br />By: <br /> <br />Its: <br /> <br />Its: <br /> <br />STATE OF MINNESOTA ) <br /> ) <br />COUNTY OF ) <br /> <br />SS. <br /> <br /> On this~ day of 1994, before me a Notary Public, personally <br />appeared , a , and <br /> , a ._ , of Anoka Electric Cooperative, a corporation under the <br />iaws of the State of Minnesota, on behalf of the Corporation. <br /> <br />CITY OF RAMSEY: <br /> <br />Notary Public <br /> <br />By: Attest: <br /> Mayor City Administrator <br /> <br />STATE OF MINNESOTA ) <br />COUNTY OF ANOKA ) <br /> <br />On this day of 1994, before me, a Notary Public, <br />personally appeared James R. Gilbertson and Ryan R. Schroeder to me personally known, who, <br />being each by me duly sworn did say that they are respectively the Mayor and City Administrator <br />of the City of Ramsey, the Municipal Corporation named in the foregoing instrument, and the seal <br />affixed to said instrument is the corporate seal of said Municipal Corporation, and the said <br />instrument was signed and sealed on behalf of said Municipal Corporation by authority of its City <br />Council and said James R. Gilbertson and Ryan R. Schroeder acknowledge said instrument to be <br />the free act and deed of said Municipal Corporation. <br /> <br />Notary Public <br /> <br />Page 24 <br /> <br /> <br />