HomeMy WebLinkAbout2479 ,~'~t t, i :~1
prior to entry of a judgment enforcing this Mortgage if: la) Borrower pays Lender all sums w~tich would be then due under
this Mortgage, the Note and notes securing Future Advances, if any, had no acceleration occurred: lh) Borrower cures
all breaches of any other covenants or agreements o[ Borrower,containcd in this Mortgage: lc) Borrower pays all reasonable
expenses incurred by Lender in enforcing the covenants and agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in paragraph 18 hereof, including, but not limited to, reasonable attorney's fees; and
(d) Burrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Lenders interest
in the Property and Borrower's obligation to pay the sums secured by this Aortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full force and effect as if
no acceleration had occurred.
20. Assignweat of Rents; Appointment of Receiver. As additional security hereunder, Borrower hereby assigns to
Lender the rents of the Property, provided that Borrower shall, prior to acceleration under paragraph 18 hereof or abandon-
ment of the Property, have the right to collect and retain such rents as they become due and payable.
Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a
_ receiver appointed by a court to enter -upon, take possession of and manage the Property and to collect the rents of the
Property, including those past due. All rents collected by the receiver shall be applied first to payment of the costs of
management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on recei~~e~ s
bonds and reasonable attorney's fees, and then to the sums secured by this Mortgage. The receiver shall be liable to account
only for those rents actually received.
21. Future Advances. Upon reyuest by Borrower, Lender, at Lender s option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall be secured by this
I?lortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mortgage, not including sums aia8ncgd inQccordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS.......iiflQ t - • • • • • • • • • - • • • -
22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay alf costs of recordation, if any.
23. Attorney's Fees. As used in this Mortgage and in the Note, "attorney's fees" shall include attorney's fees, if any,
which may be awarded by an appellate court.
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
Signed, scaled and delivered
in the presence of:
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k.~ ~ ~ . f 1'L 1~~: • h - " ` ~ (Seal)
" " ui • ~ CEIAItLES •D . ~ DUGAN, JR . -eorro+~e.
_ t f c~ O ~~,,ll \
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. ~ ~ :Y 5+1.~~'~'. ~ J~ . , O~ (Seal)
MINNESOTA IENNEPIN
STATE OF •Cotinty SS:
I hereby certify that on this day, before m~, an officer duly authorized in t~h~e~-~.t~~te aforesaid and in th county
aforesaid t~~ take acknowledgements, personally appeared. ~ARIe~$ .A.. UIJ~Acv'-a~ -JANET .C..DUGAN.~iis • - -
i wife to me known to be the person(s) described i[~ and who executed the
foregoing instrument and acknowledged before me that ~1eY.....cxecuted the same for the purpose therein
expressed.
WlTxess my hand and official seal in the county and state aforesaid this.........9t)?...........day of
.....March 19 . ~ 9
t
My Commission expires: -Feb. 14 , 1984
.
-!QS~lI~. ' ' ~ ary Public • .
_
wvv ~ • `;i KITTIE M. LORC3E
_ ~1'AMI N!lt~1C • IAINNEfOTA
_ _ HENNEPIN COt1NTY
~ yy Co+ tlswM faa~. ta. t9s~
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(Space Below This Line Restrved For Lender snd Recorder)
FI~i=D I~.FCORDED
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+Zg t~k~ 27 AM 9 = 24
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o p 3U5 24
BOG!l PAtiE 14
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