HomeMy WebLinkAbout1314 prior to entry of a judgment enforcing this Mortgage it:' ~a) Borrower pays Lender all sums which would be then dua under
this Mortgage. the Note and note; secutina Fututg Advances, if any, had no acceleration occurred; Ib) Borrwver cures
all breaches of any other rnverlitntt; of agreements of Borrower contained in this Mortgage; (c) Borrower pays all reasonable
expenses incurred by Lender in enforcing the tovgtAr)t~ iKtd agreements of Borrower contained in this Mortgage and in
enforcing Lender's remedies as provided in piingrapb 18. hereof; including. but not limited to, reasonable attorney's [ees; and ,
(d) Borrower takes such action as Lender mai reasonably require to assure that the lien of this Mortgage. Lender's interest
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 force and effect as if
no acceleration had occurred.
20. Asdgameat of Reat:; 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, receivers fees, premiums on rreeivei
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 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 Advances, with interest thereon, shall be secured by this
Mortgage when evidenced by promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indeMedness secured by this Mortgage, not including sums advanced in accordance herewith to protect the
security of this Mortgage, exceed the original amount of the Note plus USS.
22. Release. Upon payment of all sums secured by this Mortgage. Lender shall release this Mortgage without charge
to Borrrnver. Borrower shall pay all 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:
~ Herbert H. Reichow -BO"°"`r
!~~~:iL.'l~ : ~~ill~....... - . r (Seal)
~ hleda J . Re i c vw ~Of `Ow"
STATE OF Fl~hltl4R, ........Minnesota. ~.h_ . It~(9hJ61t1~/~
I hereby certify that on this day, be[orc rr~x, an officer y authorized in the state afot~esaid and in the county
aforesaid to take acknowledgements, pc;rsonally appearcd....6!'be~rt .H.. R~.iShgter.dn>~.1'leda. J.. ReiCbow,
h.is .wife to me .known to be the person(s) described in and who executed the
foregoing instrument and acknowledged before me that..they........executed the same for the purpose therein
~ expressed.
WITNESS my hand and official seal in the county and state aforesaid this....... 1st .............day of
$eP.Le~?ei l9..$Q...
My Cummission,t:xplces:
• Y - ,
~~~tirurs:::~i ~.f .
~t~ + EUNICE
, = = fy~` : : c~ -7:.'~? - - AGTAFI PUSU[. - niSOTA
~s~ RAtiSSEY CUJiitY
•S ,~j ri! j'*-';: D h My Commsswn Expires Nov. 1, 1985
-,ice-%~ ~ - M :1-.::•• .d{,
Ispsce screw Tnis Lin. Res~rvre Fa t.errd.r sne RlcorOlh
500919
1J $cP 25 P ' +2` 3~ ,
i11v~rUI~L,i .:...r..~..,~ v?i..li-i.~ r9,0 r
ff t1.E0 tNC t`- CCRD4 D
S1.11N'1f COUtiIY.~IA. ~
ROGER p017RA5
CLERK CiRClili ~ D
a
i
• S
8339 P~E13 4 .
. .
_ _ _
s