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HomeMy WebLinkAbout0372 ~ . 7 • g(ATL pOCUMENTARY SIAn~N~ A1IACNCU _ ~ ii0 OR1tiIP{J1L N07E AN~ CMlCEILED ~ ~ r ~ A. T1~at (a! ln tA~ event ot any breach ot this mortga~e or detault oe the part ot the biortgr$ o_r, or tb1 ln ; Lhe eveat any ot said ~ums of money herein ref~rred to be not promptly an~ tully pald within ~q daya next ~ sitee the same aeverally become due a~nd paysble, without demsnd or not~ce. or ~c) in the event each ar?d every the st~pulations, agreements. condiUons u?d rovenanb ot ss~d prom~sso~y note and thia mnrtgage. any or efther. ~re not duly, promptly and tuliy pertormed. diachs~ged, executed, ef[ecte~i. completed. complied wilh and ab~ded by, then. i~ eithe~ or any such event. the aai~ aggregate aum m~mtioned ?n sa,d promissory note then remaining - unpa~d. with int~rest accrued. and all moneya aecured h.•reby, shall become due and payeble forth~vith. or there- a[ter, at the option of aaid Mortgagee. as tully and completely as if aU ot the said sums of money were originally stlpulsted to be pai~ on such day, anything in aa~d proniissory note, an~i•or in thi~ mortgage lo the contruy not- withatanding; and thereupon or thereaftee et the option ot safd Mortgagee. ~~•ithout noGce or dem~nd. suit at l~w or in equlty. Weretofors. or thereattet begun~ may Ds prosecuted ae tt all moneys secured hereby had matuted pdor W !ts inatitutioa . T. Z1~st tr the event th~t at the beglnnina of or at sify tlme pendirtg any ault upon this moN.gage. or to loreclose lt~ or to retorm 1~ and/or to enforce payment ot ~ny clsims hereundar, said Mortgsgee shall spply to the court havins ~urtadictfon thereof for the sppointment of a Receiver. such court ahaD forthwith appoint _ a Receiver ot sdd mortgaged pmperty ell and singular. fncluding all and singular the rents, incorae. profita, lssues and revenues trom what~ver source derived. each and every ot which, it being expressly understood. ia hereby mortgaged as it specitically set lorth and deacrited in the Rr.u~ting and habendum clausea hercoi. ai?d such Receiver shW hsva ell the broad und etfective functinns and ~xm~er~ in :u?ywise entrusted by a court to s Receivar. and ~uch sppointment ahall be made by such court a~ an admitted equity and s mstter ot ab- solute right ta aaid Mortgagee. and without nference to the i?dequacy or inadequacy ot the value of the prop- erty mortgaged or to the solvency or insolvency of said ldortRagor aad/or ot the defendants. and thst auch sents. profits, income, ia~ues and revenues ahaA Oe applied by auch Recelver according to Lhe llan and/or equity ot said Mortgagee and the practloe ot auch cour~ 8. It is understood and agreed that this mortgage is given to secure, in addition to the note or obligation above described any additional loans or future advances made within twenty years from date hereof by the mortgagee to ~aid mortgagors or any succeswr in title oi said mortgagors of the property hereby conveyed; provided that the total unpaid balance of the indebtedness secured hereby at any one Ume shall not exceed the maximum principal amount of- _ ' Dollars plus interest thereon and any disbursements made by the mortgagee for the pay- ment of taxes, levies or insurance on the property encumbered hereby, with interest on such disbursements. II~1 WTPI~TES3 WHERP~OF. the aaid Mortgagor he~ executed this mortgage under sesl on the day and yeu t~erein liret above wrrittea. _ Signed. sealed and deUvered in the preaence ot: 1c2~a.aa.,a~.r.J ~ G~ L. S . Robert Andrew Kuth . . As to Robert Andrew Ruth and - Mary Audrey Kuth u L.S. ~ary A rey Kuth - MINNESOTA 3TATE OF_.........._ ) - ....__r.. 3 r. COUN'1''Y OF.-~~..:_.~J..'-!"'`'`-'`..~'----°•• 1 Betore me persoaal~y appeared-.... ROBERT ANDREW KUTH and MARY AUDRBY RUTH _ his wife _ ..__._.__.._._......___..._..w.._ ................._......_.....~.,,M.-.....__. to me well known and known to me to be the indfvidualS. ~deacribed in aad who executed the toregoin~ inetrw ment, snd acknowledged before me that ~.ha~ executed the ~ame for the purpo~ea therein expressed. _ ~,,~~.n~., . i wrrivESS ~y h~,a ~a orr~~.~~ ~ " --~r or--~~~~a-,3L-.___. . - , , k !yt ~NV~~~ CRYSTAC. N. S~VAf~E , t~ . -•.~'c~, , . ~ p NOTARY PUCLIC ........~.:...C.:.:.. _ 'a - ~ ~ . Lpy~f CONMT/. MIN~1. _ ~ . F ~ ~~~IW No _Public in aad fos . ' y j ~ ~ f : . , . the Countq aad 3tate Afore~: Q~ ti:~- ~ _ ? ~ ' 'j`~~ ~ ~yy~ My commission expires: _ - `•a: 3TATE OF..l~l.."~:`...:..`~:.....-•--•-°°-• _ - ~%1'~' - - ~ COUNTY OF. ~ - . ~ ~ j°~ ~~-t^,~!' , .t~~ Befors me persoaallY sPPeared---- .............._....._..-------....w...._....._~..._._. aad......__..-••--••-• W ms wdl known aad known to me to be the........._._.._......_.....__..»_..Praddent ~ad_...._._._......_ Secretar~ cespectivtly of tbs corporstloa named in the toregoing instrumaa~ and known to me to be ths perw~u who a~ such o!licera ot said corpontion. ~ e:ecuted the aame: and then ~nd there ths iafd..._.._....--•--~....__.._.__.._...._..._._...__......._....._..._._._._...._.._....and ths sald d1d aclmo~?ledae bsfore me ttut ~ald _ ~ ~ instrument ta the free act and deed ot said corporaUon by them respecUvelq exect~ied as aucb o!!lcars for tb~ ~ purpoaee therein expressed• that the seal Wereunto attached b ths corporate seal by Wem 1n like capaclty d- . ~ ti~ced: a11 under authorfty 1n them duly veated by tLe Board of Directors o! satd corporation. ~VTPNFSS my haad aad oftlcial ~ea! thie........._.._..__.__...day of.......» l~._....__ ~ N ~ flLEil ANO RECOROEO ~ ST. l4C:E COUNTY fl~. Notary Publlc in and for ~ RG G E R P ~?T R A S ~ f i ths Couatr and Stste Atoresetd. ~ CLE~X C~~~ ~UIT COURT !~y oommiraon ~pirea: p~r,OPD Y:~I~iEP ~ ts 9 ss '75 ~ r 800K Pllsf ~ ~ ~ ~ _ ; ~ ~ .~5 - ~ _ ~~~~~~°'~,s.. _ - ,