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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, which right of re-entry will <br /> be superior to any mortgage on the Property, for breach of conditions subsequent in favor of Grantor <br /> pursuant to which Grantor may commence an action in Anoka County District Court seeking an order re- <br /> vesting title to the Property in Grantor if(1)Grantee does not commence construction of the improvements <br /> on the Property (The "Grantee's Improvements") by September 1, 2016 or (2) Grantee does not <br /> substantially complete the construction of Grantee's Improvements by February 10, 2017. For purposes of <br /> this right of re-entry, Grantee will be deemed to have commenced construction when Grantee has (a) <br /> obtained building permits for construction of Grantee's Improvements; and (b) caused material or labor to <br /> be furnished to the Property in a manner and to an extent sufficient that a mechanic's lien for such work <br /> would attach and take effect pursuant to Minn Stat. Sec. 514.05, and Grantee will be deemed to have <br /> substantially completed construction of Grantee's Improvements when Grantee opens for business on the <br /> Property. Grantor may redeem the Property from foreclosure, as an owner, within the time allowed by law. <br /> 745756742 <br />