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Home My WebLink About1542 . - - ~ ; , ~ ; . ~ ~.i. L ew ot atp ~al~ ot tiw ~ pzop~. oz ot aqT pae~ ~?a~.po:soa~t toaa~ t at d~esw ot ' eorut. ar et~ewl~ L~ eou~etlaa w1W ~atarawat o[ ae~ o~ tams a~ tifs Ii[ort~a~, t~fi j~~1 at t~ NotM~ aot p'N1o~t7 d~ a~d !h~ lsaewt ~eeett~d ~r~ay ~all ona b~ewn~ aud b~ ia~dia- tl~ dw asd pa~abl~• aLo in tb~ ew a~~y ~oeb t~~ or pnrc6aNt~. !as t~ parpoM oi a~akt~ ~t tor ~ t ot t~ pot+ebw .o ~~'R~ m ~ ~ ~ia~ ~uaA D~ a~tlti~d to i~ aud n~ t1~ No~ ~sd an~ ~Wms !or inhrwR mat~d asd aa nwr mq b~ eredit~d asy~ aa tiN pnreluw prlo~ tb~ ~om appottioaaW~ and ~pplteabl~ to t~ NotM aad iatu~t t~e~ot out o3 tb~ ~t*~ . ot ~h aale att~r albwln~ fo~ the promrtioa o! th~ toW ~ t~a~tlu t~oW a~monnt ~ !°reclo~nrs proaedins th~ mo psrt~ ahall b~ wld or a~ leas ted~as ior w~~eh ~ud~a~t u thenin t~~.~~be- t c~dltos a~sll b~ ~ut~t]ed to tDe ~ntrp oi ~ dedcteae~ ~ a~ainrt ths Comp~a~ and ~st tbe propa:t~ oi Compa~ !or th~ amoant oi sueh de- and t~e~ m~p~?~ does h~b~ irr~ocably ~ p ~s ~°re f aft r~such nls~inid~nntl~l s~iu~h cieACy decres i~ p~y ps~? and ot ~1u rants, issnes and rosb ~ P~~~ ~ ptistled in -ibU. The Ccmp~ny eovenanb that it will not st any tLne inaist upon or plead. or tn any nunnar whatever elai.m or take . aa~ Deaeflt or advantsge oi, any ata os exteasion law now or at u?y time hareaiter in ioree. nor elaim. Lks nor iasist ~npo~n ~ b~eneAt or ~ antags oi os ~m aay law uow or haresiter in ioreepro vlding ior tl~s valnation of appr~iaement f ~aged P perty or anypa rt thereoi. pdor to aay sals o: sales tbu~eoi to b~ made purauant toany provision Aerein contau~ed, or to the deeree~ judgnnent or order oi any conrt oi compeLent jusisdiction; aor, aiter sueh ~a1e or sales, elsiaa or e:ercise aay right ~nder sny statute now or heresfter mads or enseted by aay state or otben?iae to radeem thb pmperh? so rold or any thereof, and henby expreasly waives for itsalt and on behali oi es~h and avery person. sxcept decree or judgmeat c~ oi ths Com~pany aequiring aay interest in or tiue to t6a mortssged property or sny part thereoi. aubaequent to tDe date o! thii ][ort~ ge~ all benest and sdyantsgs ot any sneh law or laws, and eovenants that it will not invoke or ntiUze any such Isw or Lws or otherw~lss hinder. delsy or impede ths e~ceentton oi ~ny power herain ~ranted and detegsted to the Idortgagee, bu! wIU auRer and pesmit the axecution ot every aach power as thongb no aucb ~ ]aw or Lwt had beea made or enaeted. • Ai~y sale. whether nnder sny power oi aals henb~ git?en or by ~irtue oi jndicisl prooeeding~ slull oper~te to div~est alt rtab~ ttcte. tnterest. cLim and demsnd whatsoever, either at law or 1n equlty oi ths Company in and to the property wld and ahsll be a tual b~r. both at bw snd in eqnih?. agsinit the ComPanY~ ib wocessor~ and~~ , and a~ainat n?Y an~1 a11 pereonspa iaa the propesty wld or anypart thereof ander. b~ or th~~ the Company. t~b snoceswrs or ~ uv~ (snbleet, however, to the thea szi~tL?S ='j8h~, 3L W, oi ths Les~s nnder the ~.sa~s). ~.6. The pnrr.hase monay Prooeedi and/or avaib oi ~ale oi the morts~ed propsrty. os w~ part thereoi (inclndins an7 sale aiade pnr~wat to subp~a~e~aph (ij of Seetion~hereot). and the proeeeds and tbe a~raiL ot an~ tenned~ hsrs- - wider shsU bs paid to and applied u toUowa: (s) To the psyanaut oi eosb aad expen~ei oi toreciosnrs or ~nit, ii an~ and oi sneb pde~ and ths rea~onable eom- p tton of t~e asents, sttornep~ and eonnsei of the Yo~~tgs~es snd oi s~l pr~par IiabiHty ~nd advanoss i~~ure~ed or made banundar by tbe l[ortsageis. or ths ho iai oi holdan oi the Not~ss,~ 4sa~. as~ss~ment~ or ~ Uens snpsrior to the liea oi thees P~nt+, ~pt ~nY aasumsnb or otLar ~saparior liea snbJect to wLkh ~aid ~als ma~ hsve beeu msds: (b) To the psymen! to tbe holder or holdets oi the Note~ .oi the a~ao~t lhau owin~ or anpatd on the Notes !or - p~rincjpal and intersat: and in c~ss anr snch prooesds ahall bs ins~cient to psy t~e whok amwmt ~o das npon the + Notes t6en to tl?s ps~ment ot sachp ~y~ and interest withoa! prsiere~?ee orp~ orIty o! prlneipRl over intersst or ' doa to tha ~r p~~• or oi an i~asWlment of intarest o~er aa~ other inrtallment o! intersst, ratabl~ in prapor- . agaregale o! snch p~psl a~ aocrued sad nnpaid interest; aad ~ . _{c~ To tliepa qn~ent oi ths sasPlw, ii auy, to the ComPan7. its anooe~wn and aasitns, or to whomsoe~ar may b~ Lwiully entitled to reoeive the sama. ! ~~i. In eass the Yortgagee shaU have pruoceded to ~fores a~ ri~ht nnder thi~ l[ort~ap b~ loreelosnr~, ~als. entrf aar oLherwLs. +wd soeh P~eesdin8~ ~Ls11 bsve been dtsoontinned or abaado~d for an~ rason or ~haU h~~e been detsrmined , ad~arselY. tLea and in every sneh cass t]?s Company. the l[o~~ aad tbe holde= or holdes~ oi t2?s Notea sbsU bs reatored to t1?eir tormer pwition snd i3~hts l~ere~ndar wftb rsspect to tfis properl~ snbject to tha lIen oi this Yort~asa ~ ~.7. No delay or omission oi the llort~a~ss. or b! aq~ holder oi aay Note to eo~anlss any rt~ht or powez a~irom ; an~ dafanlt on tLe put oi the Company e~chsn~t or impair any snch right orpo wer or pre~vent i4 e~cercLe d tbs eontinwnce of snch deianli No waiver by the ldo or sn~yholder or holisrs of tbs Notes oi any soeh deianlt, whetbar ~ such waiver be iall or p~rtial, ehall e~tend to or b~~ to sRect any sn t deunlt~ or to fmpsir ths ~righta raanitins tberetmm, except as may be otheswi.e pr~veded hereia. No nmedy bare~es i~ inteaded to bs ezelndvs oi any otl~er rimedy bnt each and avery nmedy shall bs eaannlative and in addition to say u?d ever~ other remedy~ ~ivea herennder oY ot~?er~?ias existing. Nor ahall the giving.~~ or enforeenaent of any other or addItional sernrlty oollsteral or guas~aates tor the payinent oi the indebtedaeas secnr~i under tbia ylortgage opsrste to prs~ndioe, waive or atfect tLe ~ecarit~ of thii _ Yort or any rights, powers or nmedies berannder; nor shall the l[ort~agee or ths holder or holders ot any o! the ind~te8neas hereby sacured be requtrod to fl:st look to, enton~s or exh:nst snab other or additionsl secnrity, collateral or gusrantees. . - 8~(.TION 6. ffiSCSLLAN~pIIB: . 51. Wheaeves aay oi ths toarties hereto is referred to. sach raference ahall bs ~deemed to iAClnde ths suooeswr~ and assigns oi wch party. and ali ~he eovenant~~ prsmt~ snd sgnementa in thta Yort~a~ contained by or oa behslf of the Gra~~ y, or by or on bebsli ot ths l[ortga~ee, sbaU bind wd innre to the beneQt of ths respecti~ro saaeawrs and assiaas , parHes wbether w e:pres~ed os not 6.=. Tbe nnenfoneabiiity or fmaitdity of any pra~ision or provisions ot tbis l[ortsaae sball not :+ender an~ other pzo- vision or proviaions herein contained tu~foreeabla or invalid. 5.i. AU commuaiestiona pra~tded for hsrein ~aII bs ia wsttia~ aad ~ bs desmed to h~~e been ~ive~t (m~las other- tbe U~~St4~ mail, ~ Pruvldons hersoi in respeet to an~ matter) whea delivesad peisonsll~ or wbm depwited in ~k~ P~~ P~P~d, ~ si tollowr It to the Compsay st Dailai Athletlc Clnb Bniidinr, Da1Ls 1. Taacu, or snch other addtws u tl~s Company shal! frnm time to tims dwaaate by notice ia w~iting ~Iea with tbe Mort~ares. ' u~~ YoT~+~ ~ 345 Cedar Street, St. Paul, Minnesota, 55101 ~ or u to the Com . Compan~ or the ldostQaQss ma~ desi~nats br notlca dolY 8fi? ~~oco~es~wlt~tbi~t 8ecf3on to ~ p~tl,~. i 5.~. Ths Yort;asee ahall reluss tbis Yortgage and the lim henof bI proper in~snment or instsomenb npon pras- antation oi sstisfaetory rvidenes that all indebtedueas aeeased hersby bas be~ ially ~d or diiebsrged. 6.6. TbL l[ortgags msy bs a:ecated, ulmowledged and delivered in any number oi ooontarp?rta, each oi ~oeL co~- t~uparts eonititntina an originsl bnt all togsther only one mortgsge. IN WITNESS ~VHEBEOF. HIIGGIN3-BPTECHT I.EASING CO., INCOBPORATED, h~s ean~ed tht~ Yort~a~s to b~ ' ~ac~bd o~a !b b~halt D~ 1t~..... ~+dsnt aad its eosporats ~eal to ti~ bszwato asi~ced and stt~sted b~ ib j A a s-- i a t~*+t_._...Secretar7. all s~ ad tbe da~ and ~eas llrst sbovs wtittea. Witnepsd ~ : ~ ~ ! • ~ ~ - :~:l~.eEt.S.C.~.r~~~-_ lt.E6~f? : ~ { soccn~s-sxaca~c a oo., n~ooaro8s~gn ~ ~ . . '(~+?t~ 8~1j g~......_ , -y.lf ~"%l G, ~4-a i ~ ~ President T-' ~ - ; ~ , ' Atwt:. ~ ' : %,''r- ' ~ • 't sa~ nt ; ' ~y ~ • ~ ~ ~0 ~EJJ7 . ~ . . • . ~ ,1~~~~... * . . i