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8, This Collateral Assignment shall be governed by, and construed in accordance with, the <br />laws of the State of Minnesota, Assignor waives personal service of any process and consents <br />that such process shall be made by certified mail, return receipt requested, directed to Assignor at its address set forth in the Loan Documents, and service so made shall be deemed to be complete <br />within five (5) days after it has been mailed. <br />9. From and after the date hereof, and for so long as this Collateral Assignment shall remain <br />in full force and effect, Assignor, for itself, its successors and assigns, covenants and agrees to do <br />ail acts and execute and deliver all documents reasonably necessary to assist Lender in obtaining <br />the rights, benefits and privileges granted pursuant to this Collateral Assignment. <br />10. The City of Ramseyis executing this Collateral Assignment to, and only to evidence its <br />consent to the Assignor's collateral assignment of the Development Agreement and the TIF Note <br />to Lender pursuant to the terns and conditions of this Collateral Assignment, The City also <br />investigation, confirms that,it <br />s ts knowledge but without there are no defaults under the <br />and the TIF Agreement. The Cityalso herebyagrees that, prior to <br />Development Agreement gr <br />Lender's possession of the Property, Lender (at Lender's sole election) shall have the right (but <br />not the obligation) to cure anydefault by Assignor under the Development Agreement on its <br />g � <br />and/or Assignor's behalf. <br />[THE BALANCE OF THIS PAGE HAS I3EEN INTENTIONALLY LEFT BLANK <br />[SIGNATURE PAGE FOLLOWS <br />3 <br />