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time release any part or parts of the property and <br />interests subject to the Mortgage or to any such other <br />document from the same, with or without consideration. In <br />any such case, each maker, co-maker, endorser, surety and <br />guarantor, subject to limitation of the City's liability, <br />shall continue liable to pay the unpaid balance of the <br />indebtedness evidenced hereby as so extended, renewed or <br />modified and notwithstanding any such-release, and further <br />agrees to pay all costs of collection, including a <br />reasonable amount for attorneys' fees, in case any payment <br />shall not be made at maturity, and all costs and expenses, <br />including reasonable attorneys' fees, incurred in <br />protecting the security for this Note or in preserving the <br />properties or 'interests or any part thereof described in <br />the Mortgage and any such other document, whether suit be <br />brought or not. <br /> <br /> It is intended that this Note is made with <br />reference to and shall be construed as a Minnesota <br />contract and governed by the laws thereof. <br /> <br /> IT IS HEREBY CERTIFIED AND RECITED that all <br />conditions, acts and things required to exist, happen, and <br />be performed precedent to or in the issuance of this Note <br />do exist, have happened and have been performed in regular <br />and due form as required ~by law. <br /> <br /> IN WITNESS WHEREOF, the City has caused this Note <br />to be duly executed by its duly authorized officers and <br />its. corporate seal affixed all as of the ll%h day of <br /> June , 1979. <br /> <br />(SEAL) <br /> <br />CITY OF RAMSEY, MINNESOTA <br /> Mayor <br /> <br />-5- <br /> <br /> <br />