Laserfiche WebLink
WHEREAS, the City and the Trustee have required, as a condition for the issuance of the <br />Bonds by the City and for the purchase and acceptance of the Bonds by the Bondholders, that the <br />Company secure the repayment of the Bonds by this Mortgage in the maximum principal amount <br />of $ <br />WHEREAS, as a result of the execution and delivery by the Company of the Loan <br />Agreement, the principal balance of the debt secured by this Mortgage is [increased] by the sum <br />of $ , from $ to $ , and the original loan to the <br />Company, as so amended and [increased] is secured by the Original Mortgage, as hereby <br />amended and restated; and <br />WHEREAS, because of the [increase] in the principal amount of the debt secured by this <br />Mortgage, this Mortgage is a "supplemental mortgage" within the meaning of Minnesota <br />Statutes, § 287.05, [as a result of which additional mortgage registry tax in the amount of <br />$ is payable as a condition to the recording of this Mortgage], and <br />WHEREAS, this Mortgage amends and restates in full the Original Mortgage. <br />NOW THEREFORE, the Company and the Trustee hereby agree as follows: <br />2 <br />56ai3362v2 <br />