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HomeMy WebLinkAbout1221 . ~ "i:" { prior to entry of a judgment enforcing this Mortgage if: (a) Borrower pays Lender all sums which would be then due under this Mortgage, the Note and notes securing Futuro Advances, if any, had no aoakntion oatrrnd: (b) Borrower cures -all breaches of any other covenants or agreements of Borrower contained is this Mortgage; (e) Borrower pays all reasonable expenses incurred by Lender in enforcing the eovenants and agreements of Borrower contained In this Mortgage and in enforcing Lenders rerrredia as provided in paragraph 18 hereof, including, but not limited to, reasontrbk attorney's fees; and (d) Borrower takes such action as Lender may reaaonabty require to assure that the lien of this Mortgage, Larch's intcreat in the Property and Borrower's obUgation to pay the sums sxured by this Mortgage shall continue unimpaired. Upon such payment and cure by Borrower, this Mortgage and the obligations secural herdry aball remain in fuq force and effect ss if no accekntion had oocurrod. 20. Aseipaaesrt of Rears; Appoilrtmeat of Receiver. As additional security hereunder, Borrower hereby assigns to Lender the rents of the Property. provided that Borrower shall, Prior to axekration under paragraph 18 hereof or abandon- ment of the Property. have the right to oolkct and retain such rents as they become due and payabk. Upon acceleration under paragraph 18 hereof or abandonment of the Property, Lender shall be entitled to have a receiver appointed by a court to eater upon, take possession of and manage the Property and to collect the rents of the. Property, including those past due. All Hats collected by the receiver shall be applied Brst to payment of the costs of mairagement of the Property aced cotkction of ants, including. but not limitod to, receiver's fees, premiums on receiver's bonds and reasonable attorney's fees, and then to the sums sxured by this Mortgage. The receiver shall be liable to account Daly for those ants actually rooeived. - 21: Fatan Aitaates. Upon request by Borrower. Lender, at Lenders_option within twenty years from the date of this Mortgage, may make Future Advances to Borrower. Stirch Future Advances, with interest thereon, shaA be secured by this Mortgage when evidenced by promissory notes stating that said notes are second hereby. At no time shag the principal amount of the indebtedness secured by this Mortgage. not iochiding sums advanced in aooordanoe herewith to protect the sceurity of this Mortgage. exceed the original amount of the Note plus USS.. -~-rr--s-.r.--r-~-""' 22. Reksse. Upgn payment of all sums secured by the Mortgage, Lender.shaU nksse this~Mortgage without charge - to Borrower. Borrower shall pay all costs of recordation, if any. _ 23. Attoney's Fees. As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's fees, if aa~r, which may be awarded by an appellate court. IN WITNESS WHEREOF, Borrower has executed this Mortgage. Signed, sealed and delivered in the Dresence of: jj - ~~.?~.uLlit~t ? . .....(Seal) ~Robert~E.~Carls n~ Q _ 'r ~ ~LJ ~ . ! . . (Seal) i - ~ Sh i r l ey ~ Carlson ~o.rorer STATE OF 2~l6tid~( M.I.NNES4TA ss: - I s I hereby rrtify that on this day, before me, an officer duly authorized in the state aforesaid and in the county ~I aforesaid to take acknowkdgelnents, personally appeared.. R4bl+rt .E.. ~dll.~Q4. anll..~h i rleY.1't•..Gar1SAn, ..his .ar i fe to aie known to be the pe;rson(s) described in and who exernted the foregoing instrument and acknowledged before me that..tbey........executed the same for the purpose therein expressed. , , WITNESS my hand and olBcial seal in the county and state aforesaid this........... 14xh ........day of { T My Commission expires: ~~~i, j ~ ~ _ - _ 9 (Spsce BNow This Line R~senNd For Lender •nd R~ooMeq . / ~j 3n;v_~,u - X19 SAP 27 pM ll~ 12 ~v,li ~Y t;i Jsfy~ v~ J.~lHJ FiLEO FTid pfCt~autU ST.UICI Cai,NTY.fIA. ROGE~ POI7RAS - CLERK CIRCUIT C0~ +1lECpRp V'cRlf IEt?~- . r 460518 . _ ; - - ~ ~~317 P~1219