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Page 5 of 5 Minnesota Uniform Conveyancing Blanks Form 20.1.2 5. A reservation of a right of reverter in favor of Grantor pursuant to which title to the Property will revert to and re -vest in Grantor if (i) Grantee defaults in the performance of Grantee's obligations under any mortgage to which Grantor has subjected Grantor's rights under this right of reverter and the mortgagee commences proceedings to foreclose the mortgage; or (ii) Grantee fails to substantially complete the construction of a three -story 120,000 square foot senior care facility consisting of approximately 80 units, for assisted living and memory care, on the property Grantor conveys to Grantee by this deed on or before the date two years from the date of this deed, or if this deed not dated prior to recording, the date this deed is first recorded in the Anoka County land records. If Grantor is delayed in completing construction of the above referenced improvements as a result of acts of God, including, but not limited to, floods, ice storms, blizzards, tornadoes, landslides, lightening and earthquakes (but not including rain, snow or windstorms that constitute reasonably anticipated weather conditions for the geographic area); riots, insurrections, war or civil disorder affected the performance of the work; blockades; power or other utility failures; fires or explosions; labor strikes or labor shortages; or shortages of materials and Grantee promptly notifies Grantor of the occurrence of such conditions, the two year period provided for in the preceding sentence shall be extended for a number of days equal to the number of days that the condition persists and a reasonable period for recovery and restoration thereafter. For purposes of the right of reverter, the improvements will be substantially complete when they are eligible for receipt of a certificate of occupancy; 6. The right of access dedicated to the County of Anoka onto County State Aid Highway No. 83, County Road No. 56 and County Road No. 116 as shown on the plat of Ramsey Town Center Addition, filed as Document No. 455705 on December 31, 2003; and 7. Easement for drainage purposes in favor of the City of Ramsey over portion of the Northwest Quarter of the Northwest Quarter, Section 28, Township 32, Range 25 described in Final Certificate filed as Anoka County Recorder Document No. 1359406 on July 24, 1998. 4487392v4 EXHIBIT A (Permitted Encumbrances) 1. Building, zoning and subdivision statutes, laws, ordinances and regulations; 2. Reservations of minerals or of mineral rights in favor of the State of Minnesota, if any; 3. The lien of real estate taxes and special assessments not yet due and payable; 4. The Final Plat of COR ONE and any dedicated drainage and utility easements shown thereon;