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[Reserved for Recording Data] <br />RIGHT OF RE-ENTRY AGREEMENT <br />This Right of Re-entry Agreement is entered into on , 2022, by and <br />between the City of Ramsey, a Minnesota municipal corporation ("Seller"), and COR <br />Trust Bank, N.A., a South Dakota Corporation ("Buyer"). <br />Recitals <br />A. On , 2022, Seller conveyed title of the following Property <br />to Buyer: <br />Part of Outlot C, Affinity At The COR, to be platted as: <br />T.B.D. Anoka County, Minnesota <br />PID Number: Portion of 28-32-25-24-0017 ("Property") <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 COR <br />Trust Bank, N.A., with an Effective Date of , Section 28, it is the <br />intent of the parties to create and set forth a right to impose a penalty or a right of <br />re-entry in favor of Seller in the event Buyer fails to satisfy the Conditions. <br />Agreement <br />1. The recitals are incorporated herein as if fully set forth. <br />2. Seller shall have the right, but not the obligation, to either impose a penalty against <br />the Property pursuant to Paragraph 3, or to re-enter and take possession of the <br />