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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 , 2024, by and <br />between the City of Ramsey, a Minnesota municipal corporation ("Seller"), and Blanery <br />LLC, a Minnesota Limited Liability Company ("Buyer"). <br />A. On <br />to Buyer: <br />Recitals <br />, 2024, Seller conveyed title of the following Property <br />All that part of the North 200 feet of the South 233 feet of the South Half of the Southeast <br />Quarter of Section 27, Township 32, Range 25, Anoka County, Minnesota, lying West of the <br />East 1146 feet thereof, and lying East of a line parallel with the East line of said South Half <br />of the Southeast Quarter drawn Northerly from a point on the South line of said South Half <br />of the Southeast Quarter, a distance of 266.00 feet East of the Northwest corner of Lot 1, of <br />the duly recorded plat of Auditor's Subdivision No. 30, said Anoka County said 266.00 feet <br />measured at right angles to the West line of said Lot 1. <br />Anoka County PID Number: 27-32-25-44-0003 <br />(the "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 Blanery <br />LLC, with an Effective Date of , 2024, Section 28, it is the intent of <br />the parties to create and set forth a right to impose a penalty or a right of re-entry <br />in favor of Seller in the event Buyer fails to satisfy the Conditions. <br />