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WITNESSES• <br />DATED: It's Mayor <br />D ,Qjasjt will be in the City's name and drawn Wthe(First National Bank in <br />n oka, Anoka, Minnesota and said C osit may be reduced in a <br />pro ratf - amount as each special assessment payment is received and the total <br />payment is received and the total amount of the specials owed to the City is <br />reduced. Any interest earned on the it will accrue to <br />Dellwood's benefit. Should any default in the equired payments occur, the <br />City, without notice to Dellwood, is authorized to draw on the Ccrtificatcl -e14 j, <br />cH pasit in order to make the delinquent spec al assessment payment(s). (,..J,,,i <br />yr b G^.t <br />3) That the City will endorse over to Dellwood the check in <br />the estimated amount of $1,848.62 drawn on the account of Chicago Title In- <br />surance Company which was for the special assessment payable. <br />4) That Dellwood and the Homeowner will defend and hold harm- <br />less the City from and all actions which may be brought against the City <br />as a result of its actions in this matter. <br />Jeffery George Schmidkunz <br />Dellwood Construction Company <br />CITY OF RAMSEY <br />It's Administrator <br />