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[Reserved for Recording Data] <br />AMENDED RIGHT OF RE-ENTRY AGREEMENT <br />This Amended Right of Re-entry Agreement is entered into on <br />2019, by and between the City of Ramsey, a Minnesota municipal corporation (`Seller"), <br />and Centra North, LLC, a Minnesota Limited Liability Company ("Buyer"). <br />Recitals <br />A. On November 28 2018, Seller conveyed title of the following Property to Buyer: <br />Lots 1 through 10, Block 1, Lots 1 through 6, Block 2, Lots 1 through 9, Block 3, <br />Lots 1 through 6, Block 4, Lots 1 through 9, Block 5, and Outlots A, B and C, <br />COTTAGES AT THE COR <br />B. Title to the Property was conveyed subject to Buyer fulfilling certain Conditions <br />as set forth below. <br />C. As indicated in the Purchase Agreement between the City of Ramsey and Centra <br />Homes LLC, dated February 13, 2018, Section 29, it is the intent of the parties to <br />create and set forth a right to impose a penalty or a right of re-entry in favor of <br />Seller in the event Buyer fails to satisfy the Conditions. <br />D. Buyer requested a 90-dap extension to obtain the certificates of occupancy for the <br />first five homes. <br />Agreement <br />1. The recitals are incorporated herein as if fully set forth. <br />Deleted: 2018 <br />Deleted: <br />