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EXHIBIT B <br />(Right of Re -Entry) <br />Grantor hereby reserves a right of re-entry in favor of Grantor for the property that is the subject of this deed (the <br />"Property"), which right of re-entry will be superior to any mortgage on the Property, for breach of conditions <br />subsequent in favor of Grantor pursuant to which Grantor may commence an action in Anoka County District <br />Court seeking an order re -vesting title to the Property in Grantor if: (1) Grantee does not commence construction <br />of the improvements on the Property (the "Grantee's Improvements") within 720 days after the date of this deed, <br />or (ii) Grantee does not substantially complete the construction of Grantee's Improvements within 1080 days after <br />the date of this deed. For purposes of this right of re-entry, Grantee will be deemed to have commenced <br />construction when Grantee has (a) obtained building permits for the construction of Grantee Improvements; and <br />(b) caused material or labor to be furnished to the Property in a manner and to an extent sufficient that a <br />mechanic's lien for such work would attach and take effect pursuant to Minn. Stat. §514.05, and Grantee will be <br />deemed to have substantially completed construction of Grantee Improvements when Grantee opens for business <br />on the Property. Grantor may redeem the Property from foreclosure, as an owner, within the time allowed by law. <br />6003231v2 <br />Page 4 of 5 <br />