HomeMy WebLinkAbout2680 i
t+
i
E
prior to entry of a judgment enforcing tha Mortgage if: (a) Borrower pays Lender sll sums which would be then due under ~
this Mortgage, the Note and notes securing Future Advances, if any, had no aooeleration occurred; (b) Borrower coca t
all breaches of any other covenants or agreements of Borrower contained in this Mortgage; (c) Borrower pays al! reasonable
expenses incurred by Lendt:r in enforcing the oovenagts and agreements of Borrower contained is this Mortgage and in
enforcing Lender's remedies-as provided in paragraph 18 hereof, including, but not limited to, reasoaabk attorney's fees; and
(d) Borrower takes such action as Lender may reasonably require to assure that the lien of this Mortgage, Leader's iaterest ~
in the Property and Borrower's obligation to pay the sums secured by this Mortgage shall continue unimpaired. Upon such
payment and cure by Borrower, this Mortgage and the obligations secured hereby shall remain in full fortx and effect u if
no aocekration had occurred.
20. Aadgutest o[ Restts; Appoltstrnetit of Receiver. As additions! security hereunder, Borrower hereby assigns to
Lender the gents of the Property. provided that Borrower shall, prior to acoekration under paragraph 18 hereof or abandon-
ment of the Property, have the right to collect sad retain such teats a: they become due sad 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 sad to co1kM the rents of the
Property, inclttdiag those past due. All rents collected by the receiver shall be applied first to payment of the costs of
management of the Property sad collection of rents, including, but not limited to, receiver's fees, premiums on receiver's
hoods and reasonable attorney's fees, and that to the sums secured by this Mortgage. The receiver shall be liable to account
Doty for those rents actuapy received.
21. 1Rtrtrire Aivatices. Upon request by Borrower, Lender. at Lender's option within twenty years from the date of this
Mortgage, may make Future Advances to Borrower. Such Future Advanax, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At rte time shall the principal
amount of the iadebtedneas secured by this Mortgage, not including sums advanced in aooordaooe herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS.--.
22. Relkase. Upgn payment of all sums sceured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs of recordation, if any.
23. Attorney's Ftea. As used in this Mortgage and in the Note. "attorney's fees" shall include attorney's foes, if any,
which may be awuded by an appellate court. ~
IN WITNESS WHEREOF, Borrower has executed this Mortgage.
s
i
Signed, sealed and delivered _ '
in the Dresence of: -
f~ ~
~~'P!. . . . . (Seal)
_ hn L. Capaul
.y~.~'r:':`:`:`: ~ ~:~:r: (Seal)
Minnesota
STATE OF ...COllnty ss: ;
3
I hereby certify that on this day, before me, an officer duly authorized in the state aforesaid and in the county
j aforesaid to take acknowledgements, personally appeared...John. L.. lCapaul.,..an .unmarried. man. `
to me known to be the person(s) described in and who executed the -
i foregoing instrument and acknowledged before me that... he........executed the same for the purpose therein
expressed.
E
WITNESS my hand and official seal in the county and state aforesaid this.........15th..........day of
~OctAber 19.9....
My Commission exptres: S, / 9~'S" E~~?.'.'.-. G~~'?~ .
tSaiil - ~ Public
r' • , - _
. . - ~
• r .
. ~
r
~ - .
- ,-.f.~.ei' (spree Blow This Lint Res~rvs+d For lender and R~corotq
:ui~?~a~~. .
4'7091
~ Nn^~r.-~~ `~n~;~ld ~2~0~
~ D~trF. _ ,S
~ t
-~R t.^ ' 23
t1.LT:,.L. CY_.
ROGER POITft :S
~I.ER'f. CIRCUIT Ct~ tT
. .
- an~e.Sl11 arrs~~'i'~E'i