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HomeMy WebLinkAbout1225~o ~iaue and to ~ioid f~~~ sumi~. fuf~ef~ii~r ivit{~ I~~e tenemer~ts. ~ierec~ilumNnfs ant~ appurfe np-u•~~s I~~~~n•lo ~it~Ic,n{~ing. nnr~ 1{ir n•nfs. issu~s an~~ pro~ifs fl~Pn~oJ. ui~lo f~~p morfgagee. in ~ee simp~e. ~nd f~~~ morlga~~ur roi~e~nanls u~ifj~ f~~e morlpagee 1{~af f~~e mortgagor is inde~easi6ly seizec~ o~ said la-~d in J~•~~ simpl~~: that tl~c morf~ii{~or -ias good ripht and Iawful authorify fo convey said Iand as ofore- s~iid: ~Gat t1~N morl~~n{~or u~ill malre such /urther ~ssurances fo per(PCf fhe /ee simple fit~e fo said ~and in the morf~~a<~~•~ ns may n•asonu~,~y f,P requirec~: l~at 1{ie morlpagor here6y ju~~y u~nrranfs ftie flt~e fo saic~ ~and c~n~i u•ill d~(~~nrl 1h~ san~P ~f~ninsf tl~e lau~jul claims o/ all pe~sons whomsoei,er: a-td Ihat said land es ~ree an~~ c~r~r u~ nl~ t~n~umtirnn~nc exeeot dS her~ina~~ve ~et forth and except taxes accruing subsequent to December 31, 1950. ~ r ~rnuided ~lways, f{~nl i~ saic~ mortgngor ahn~~ pay unfo saic~ mortgagee ihe certain promis- sory nofe ~IPfPlRA~fer su~sfantia~~y copi~~ or ic~e~ti~iet~, to-wit: S 50~OOO.UO Fort Nic ~, Ffori;~~~ t~I~Zr'cl~ ,1~' , , iq bl AS T.~EREIAIAF"i'ER SL:T Fciit'1'ti ,. ~ ^ _ _ ...~~~ ....t~, ; .e ~i ~~;i~~r ~i u~ F,rura,~se to pay ;o tt~e order ot --- Vernol- i~. Stef fens --- : ifty Thousanc3 b 00/l0G ----------------- ------ ---- -- Dollt~R~. fvr value receiv~i, pa~abte ~r 4-'~2~ FsasS~tt Crc ~k Drivc~ __... Golc:eii ~r'al~cy, i~:innesota 55422 _ v,,~rh interesf from._ __dat~E at t'r~e rate o' 12 per ee~it :,cr ;nT;u ;~, unt~l f>;~~; ,nterest p.,ya61e ~~S h~rein- after set forth. And P~~h of ~s :~.net..~, r,: ~. ,»ar, . . . . ~ . F- i ~ ~.. .:;r •. .. ~. ,, .i ~~ •. ~ , ar .+~.t S' ro.~ : r .{ ~ ~*ar ~~ave ~^~~, t~e Co~.,r~t~•,.~~, er•l •:.s c' : ~$, ~ c' ~ r:~ or _- S•,r~- .. L, ~ ~ r e_ e~,f..~.~:r~on ny:.r~ ,ve i ~mand. notce of neRpayr,~nr e~~ .•c•`:r. ~ 2~n ..~ ., .T c~ ~ ~ s: S•. , n.,< ,~3.. t ri s. ~~~.: a~;-~ e~.n f~..... e~.:rs 4 ,•~,••.-~:~ary to co• cr+ t~s r.,•e. t^.•ou~n an a~tomcy. ag~cec to payaali cos> I of co:(eu~on, ~nc!„d~,:g c~,}'lU~c512~`7'1c t~C'f~lUl t C 1 ontinues for a I~crioci of 1~ da~ys I sMli 'f defauft is ma:~e ~n anr ,;,~.;'''.~' ~,~._•r, ~i.,e~t~•cn a~ t~~_• ~F,t,:~ rr ti,e I o cr~, ano a-,rr,put on~ ori:rr notice, a i ti~e rema;r~n ba'.an:e be due and payauie at cr~,-e 9 The princ;~~~l inc:et~tr~~ness ~~, ic:eilceci her-e~y shall be re~aici in two (2) installr;:ents as Lollows: S25,000.00, F~ii:s inter~st, ciuc C~I7 c~c~ober 1, 198I; 525, 000. 00, ;~lus interest, c~i.e on ~1pri1 l, 1982 No [j~;r ~ _ SEAL :~ ~I Stroupe SEAC r_.-M r i/- i}: /': t. F' FL4±~ ~~~ 3~~ ~~ ~~z