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CANCELLATION OF LEASE <br />DATE: , 2022 <br />PROPERTY ADDRESS <br />6701 Highway 10 west side - Ramsey, Minnesota 55303 <br />WHEREAS, City of Ramsey a Minnesota municipal corporation (Landlord) and <br />Potter's House Christian Community Church, Inc. a non-profit corporation organized <br />under the laws of the State of Minnesota (Tenant) have entered into a Lease Agreement <br />dated November 24th, 2020 ("Lease"): <br />WHEREAS, The Tenant has been given formal notice that they are in default of the terms <br />of their Lease (A true and correct copy of which is attached hereto and incorporated <br />herein as Exhibit A) by both email and Certified Mail delivered August 31 St, 2022 at <br />11:51 am to 10890 133rd Circle North Champlin, Minnesota 55316. A true and correct <br />copy of the statement given to Tenant summarizing amounts of all arrearages due is <br />attached hereto and incorporated herein as Exhibit B. <br />WHEREAS, Tenant has requested Landlord defer unlawful detainer action and agree to a <br />voluntary cancellation of the Lease under mutually agreeable terms. <br />NOW THEREFORE: For good and valuable consideration the Landlord and Tenant <br />agree to the following: <br />1) Tenant admits that they are in default of the lease in the amount of $14,441.34 <br />through September 15, 2022, to include rent, utilities and snow plowing charges. <br />2) Tenant shall cease operations and remove all of their possessions by September <br />15th, 2022, at which time the Landlord will have the full right of possession to the <br />Premises. <br />3) Tenant shall make payments to the Landlord beginning September 1561, 2022, and <br />every week thereafter until the full amount of the default is paid and which the <br />total default shall be repaid in full no later than October 31 St, 2022. <br />4) Should the Tenant fail to cure the default in full by October 31 St, 2022, the parties <br />agree that this Agreement shall constitute a Confession of Judgement and that the <br />Landlord may enter default judgement against the Tenant and pursue any and all <br />legal remedies available for the recovery of the balance due. <br />