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and acknowledge the Plat and will promptly obtain and deliver to the HRA fully authorized, executed and acknowledged consents to the Plat from each person or entity holding a mortgage or other lien on the Sophia -Ramsey Property. The consent to the Plat must be in a form acceptable to Anoka County. Promptly after Sophia-Ramsey's, execution of the final Plat and delivery of consents to the final plat by all mortgagees and other lienholders holding a mortgage or other liens on the Sophia -Ramsey Property, the HRA will: (a) cause appropriately authorized officers of the HRA to execute and acknowledge the Plat; obtain authorized, executed and acknowledged consents to the Plat from each person or entity holding a mortgage or other lien on the HRA property; and deliver the approved and executed Plat and the Consents to Commercial Partners Title Insurance Company or to another title insurance company selected by the HRA ("Title") with instructions to record the Plat in the offices of the Anoka County Registrar of Titles. Before or contemporaneous with the submission of the Plat to the Anoka County Registrar of Titles for recording, the HRA, Sophia -Ramsey and the City must each pay (a) all real estate taxes due and payable with respect to their respective parcels in the year in which the Plat is recorded; and (b) all installments of special assessments, if any, that are due and payable with respect to their respective parcels in the year in which the Plat is recorded. The HRA and the City represent and warrant to Sophia -Ramsey and to one another that there are no real estate taxes or installments of special assessments due and payable with respect to the HRA Property or the City Property for 2012 or any prior years. Upon notification from the HRA that the HRA is submitting the Plat to Title for recording, the HRA, Sophia -Ramsey and the City must each, within 48 hours, tender to Title, in certified or wire transferred funds, for payment to Anoka County, an amount sufficient to pay all unpaid real estate taxes, installments of special assessments and, if applicable, interest and penalties, that remain due and payable for the year in which the Plat is submitted for recording with respect to the portion of the Property the Party owns. The HRA is responsible for the payment of and will pay all recording fees due and payable to the County in connection with the recording of the Plat. The City has determined that no fees are due to the City with respect to the re -platting of Lots 1 and 2, COR TWO. The HRA shall pay to the City all fees due to the City with respect to the re -platting of Lots 3, 4 and 5, COR TWO. The HRA may seek to negotiate with purchasers of Lots from the HRA to recover all or a portion of the fees due to the City and all or a portion of the cost of constructing any improvements the HRA constructs or causes to be constructed. 5. Exchanae of Deeds. 5.1 HRA Deed. Upon the Parties' performance of their obligations under Section 3 and Section 4 above and contemporaneous with the recording of the Plat and the Parties' performance of their obligations under this Section 5 and Section 6, the HRA will deliver to Title, for recording in the office of the Anoka County Registrar of Titles, an authorized, executed and acknowledged Minnesota Uniform Conveyancing Blank Form Quit Claim Deed conveying Lots 1 and 2, Block 1, COR TWO, Anoka County, Minnesota, as depicted on the preliminary plat attached as Exhibit D, from the HRA to Sophia -Ramsey. In addition, if at the time of the conveyance, the HRA Property is subject to a mortgage or other lien, the HRA will obtain and record documentation reasonably acceptable to Sophia -Ramsey that releases Lots 1 and 2, Block 1, COR TWO, Anoka County, Minnesota, as depicted on the preliminary plat attached as Exhibit D, from any mortgage or other lien against the HRA Property. 3 4876736v8