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Notary Public <br /> STATE OF MINNESOTA ) <br /> ) ss. <br /> COUNTY OF CROW WING) <br /> The foregoing instrument was acknowledged before me this day of <br /> October 2006, by Carl Smith and Colleen Smith, husband and wife, Developers. <br /> Notary Public <br /> STATE OF MINNESOTA ) <br /> ) ss. <br /> COUNTY OF CROW WING) <br /> The foregoing instrument was acknowledged before me this day of <br /> October 2006, by Car-Col Construction, Inc., by Carl J. Smith, Jr., President and the <br /> General Partner of Trailside Estates Development, LLLP, Developers. <br /> Notary Public <br /> This Instrument Drafted By: <br /> Paul J. Sandelin <br /> SANDELIN LAW OFFICE <br /> 30849 First Street <br /> P.O. Box 298 <br /> Pequot Lakes, MN 56472 <br /> Phone(218) 568-8481 <br /> Fax(218) 568-8444 <br /> S:\LAW\TEXT\25000.047TDevelopment Agreement.doc <br /> 17 <br />