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• <br />Deposit will be the City's name and drawn in the First National Bank in <br />Anoka, Anoka, Minnesota and said Certificate of Deposit may be reduced in a <br />pro ration 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 Certificate of Deposit will accrue to <br />Dellwood's benefit. Should any default in the required payments occur, the <br />City, without notice to Dellwood, is authorized to draw on the Certificate <br />of Deposit in order to make the delinquent special assessment payment(s). <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 all actions which may be brought against the City as a <br />result of its actions in this matter. <br />WITNESSES: <br />Kevin Lee Busch <br />CITY OF RAMSEY <br />DATED: It's Mayor <br />Bellwood Construction Company <br />It's Administrator <br />