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IIIlII 11111 11111 III 111111111111111I1I 1111 <br />Record ID 4221808 <br />2233729.001 <br />r.. • 0-. .s. ..,y.-r. .. .-z ..a.-. CI . <br />[Reserved for Recording Daial <br />AMENDED RIGHT OF RE-ENTRY AGREEMENT <br />This Amended Right of Re-entry Agreement is entered into on July 23, 2019, by <br />and between the City of Ramsey, a Minnesota municipal corporation ("Seller"), and <br />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 I, 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-day 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 />