HomeMy WebLinkAbout0326 prior to entry of a judgment ~ntorcing thu Mon~age if: (a) Borrovrer psys Lender all sums which would be then due under
this Mo~tga~e. the Note and nota securina Future Advances. if any, had ~o acceletation occurted; (b) Bor~ower curcs
atl bresches of any othe~ covenants or aErceemen4 oi Borrower contai~ed in this Mort~a~e; (c) 8orrower pays all teasoasble
expe~ses iocurnd by I,ender in entorcin~ the covenar~ts and a~ramentt ot Borrower contained ie this Mott~age and in
enforcing Lender's remedia u provided in paragnph 18 Aercof, includinj, but not limited to. ressonabk attorney't tas: a~d
(d) BoROwer takes such action as Lender may rcasooabty requi~ to assune ihat the lien of this Mortpge. Le~det't iatercst
in the Pmperty and Botrower'a obligation to pay the sums secured by this Mortgage :ha!! rnntinue unimpairod. Upon such
payment and cure by Borrower. this Mortgage and !he obligatioos securcd hereby shall remain in full force aud etfoct u it
0o accele~atio~ had occurnd. ~ ' ~
~20• As~smeN ot ReaM, AppoiMmest of Receiver. As additional security hereunde~, Borrovrer hercby assigns to
[.rnde~ the oents of the Property. provided that Borrower shall, prior to acceleration under paragraph 18 he~eof or abandon-
ment of the Property, have the right to collect and rctain such rcnts ~s tbey become duc and payabk. ~
Upon acceleration unde~ paragraph 18 hercof or abandonment of t1~e Property. Lender shall be entitkd to have A ~
receiver appointod by a court to e~ter upon. take poasession of and maaage the Property and to collect the rents of the .
Propeny, including thoae past due. All aots collected by the receiver shall be applied firxt to payme~t ot the costs of
management of the Prop~rry and collection of reots. i~luding, but not limited to, receivtr's fees. premiurtu on roceiver
s ~
bonds aad rcasonabk attorney's foes. and then to the sums secured by this Mortgage. The raceiver shalt be liabte to account
only tor those rents actualty roceived,
21. F~re Airasc~,s, Upon request by~Borrower, l.ender, at l_e~der's option within twenty yean from the date of this
Mongage. may make Futurc Advanca to Borrower. Such Future Advances~ with interat thereon, shall be secured by this
Mortgag~ when evidencod by promissory notes stating that said notes are secured hereby. At no time shall tl~e principal
amouet of the indebtod~ess socured by this Mortgage, not including sums advanced in aocordanoe herewith to protect the
~security of this Mortgage, excoed the original amount of the Note plus USS. ---------r---rr.~tr-zt~.
22. Rdea~e. Upcm paymept ot all sums sxured by this Mortgage, Lender shall relesse t6is Mottgage without charge
to Borrower. Borrower shall pay all coats of rernrdation, if any. '
23. Attorney'a Fees. As ersed in this Mortgage ~and in the Note, "attomey's fees" shaU include attorney's foes, if any,
which may Ix awardod by an appeUate court. ~
IN WITNESS WHEREOF, BOfiOWCf 1185 CXCCUICd tltiS MOltg'dge.
Signed, sealed and delivered ~ ~
in the: presence of:
` . . . . . . . . . . . . . . ~t.j . . . : . . . ltc ~ . {s~~~
~derick G. ~McKen ie ~ ~ -eoncwe,
~y~ l ~
.
' ~ ara S. McKenzie ~ f~j -e«rowe
C/
$TATE OFAt~OR~K . . . . . .Minneso~~ . . . . . . . . . . . . . . . . . . . . .Ctal~fifj/Ls: ,,.f~l' ~.....o
I hereby certify that on this day, befoce me, an ofticer duly authorized in the state afor~caid and in the county
aforesaid to taice acknowledgcments, pccsonally appearcd. .ROd~r~Ck .G.. M~ICenzie. and .Barbara .S.
, Mc~e~~i~~, , h~,s, .W~~e . . . . . . . . . . . . . . to me known to be the person(s) described in a~d who eaecuted the
foregoing instrument and acknowledgcd before me that. .they. ...eaecuted the same for i6e putpose therein
expressed.
W~TNESS my hand and o8'icial seal in the county and state aforesaid this. ..20th. .....day of
.Oct~her ........................19.Z8....
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(Spsce Bs1ow This LirN R~suvW Fa Le~dN and RrcorOer)
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RECORC vfR~FtED---~~~
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afl~K 297 PACE 326
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