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may, with or without notice, foreclose the Lien in the same manner as is provided by <br />statute for action for the foreclosure of mortgages upon real property. <br />7. This Lien Agreement shall be subordinate to any first mortgage granted by the Developer <br />to finance the construction of the Minimum Improvements. The City will execute any <br />agreements reasonably requested by the Developer and/or holders of any first mortgage <br />to evidence such subordination. <br />8. Capitalized terms not otherwise defined herein have the meanings given them in the <br />Agreement. <br />CITY OF RAMSEY, MINNESOTA <br />Its: Mayor <br />By: <br />Its: dministrator <br />STATE OF MINNESOTA <br />) ss. <br />COUNTY OF ANOKA <br />On this day of June, 2005, before me, a Notary Public, personally appeared Thomas <br />G. Gamec and James E. Norman to me personally known, who, being each by me duly sworn did <br />say that they are respectively the Mayor and City Administrator of the City of Ramsey, the <br />Municipal Corporation named in the foregoing instrument, and the seal affixed to said instrument <br />is the corporate seal of said Municipal Corporation, and the said instrument was signed and <br />sealed on behalf of said Municipal Corporation by authority of its City Council and said Thomas <br />G. Gamec and James E. Norman acknowledge said inst ent to be th ' act and deed of said <br />Municipal Corporation. <br />MARTIN LAND MANAGEMENT, <br />L.L.C., A MINNESOTA LIMITED <br />LIABILITY COMPANY <br />By: <br />Its: thief Manager <br />SEAN M. SULLIVAN <br />Notary Public <br />Minnesota <br />My Commission Expires January 31, 2010 -' <br />"4 A. <br />Signatu f Notary Public <br />42 <br />