HomeMy WebLinkAbout1795p~ior ta entr~ at a juJgment entarcing this Mortgagc il ~ 1 a) Borruwcr pa~~ l.cnde~ all sums which would he thcn duc under
this Mur~g+~, Ihe Note and notes ~ecuring Fu~ure Advances, it any, had no acceleratiun occurred: Ibl Borrowet cutes
all breaches ~( any othe~ cavenants ar ~grr~ments of Borrower rnntained in this MortRage; Ic1 Hc~rrowrr pays rll reasonable
expenxy incurreJ hy t_e~der in eofarcing the cavenants and agreements ~t l3orrawe~ containai in this Martgage and in
enforcing I_ender's ~rmedies as proviJed in paragraph I8 hereof, ~ncluding, but nat limited to, reasonahle a~torney's tee~: and
Id) Bor~.~wer takes such actio~ as lxnder may reasonably reyuire to assure that the lirn of this Mortgage, ! ender's interest
in the Propeny a~d Borrower's ohligation to ~;-y the sums secu~ed hy this Mohgagr ~hall continue unimpaircd. Upon such
payment and cure hy Borrower, this Moitgage and the ohligations secu~ed he~eby shall remain in tull torce and eflect as i(
no accelerauon had occurred.
20. Assignment of Re~ts; Appointmeol ot Recei~•er. Ac adJitional ucurit~° hercuncler, Barrawer hereby acsignc to
Lender the mnts of the Propeny, provideJ ~hat Borrovver shall, prior to acceleration under paragraph IR hercof or abandon-
mrnt of thr Properry, have ~he right to rnllect and retai~ such rents as they become due and payable.
Upon acceleration under paragraph IA hereo( or abandonment of the Property, I.e~der shall bt entitltd to have a
receiver appointed h}~ a court to enter upc~n, take po~.cession of and manage the Property and to collect the rents of the
Proper~y, including those past due. All rents callected by the recei~er shall he apptied first to payment of the costs of
management of the Property and collection ot rents, including, but not limited to, receiver's (ees, premiums on recei~~er's
honds and reasaaable attorney's fces, and then to the sums secured by this Mortgage. 'il~e receiver shall be liaAle to account
only (or thou rents actually received.
21. Future Advances. Upon reyuest b~• Borrov-•er, I_ender, at I.endcr s option within twenty years from the date of this
1-lortgage, may make Future Advances to Borrower. Such Future Advances, with interest thereon, shall t~e secured by this
Alortgage when evidenced hy promissory notes stating that said notes are secured hereby. At no time shall the principal
amount of the indebtedness secured by this Mor~gage, not including sums advanced in accordance herewith to protect the
security ot this Mortgage, exreed the original amount o( the Note plus USS •~O, 200t 00 . . . . . . . . . . . . . . . ..
22. Release. Upon payment of all sums secured by this Mortgage, Lender shall release this Mortgage without charge
to Borrower. Borrower shall pay all costs ot recordation, if any.
23. Atloraey's Fees. As used in th~s Mortgage and in the Nnte, "attorney's fces" shall include attorney's fees, if any.
which may be awarded by an appellate court.
~N V1~ITNESS WNEREOF, Borrowcr has cxccuted this Mortgagc.
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Signed, seated and delivered
in thc presence of:
~ .~i~i.vr~ . 7~. ..l! ~:~~.FY. . . . . . . . . .
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JY 4 ~ l`l~ . l rct(.,A: ~ :~ . . . . . .
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INNESOTA,
; STAT E O . . . . . . . . . . . . . R~A186~ -
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~/ . . .L' . . . . . . . . . . . . . . . ~ . . . t1V `'A. . . . . (Seal)
Daniel L. Probst ~O"O1M~`
J. ~ .~~-~-~.......~~~,
M. Pro~ -eo.rowe.
. . . . . . . . . . . . . . .COUII[y SS:
~ I hereby certify that on this day, before m~, an officer duly authorized in the state aforesaid and in the county
{~ aforesaid to take acknowledgcments, pcrsonally appeared. .DAI~IIEI.. L.. .E808ST. and .JUDITH. M.. .PSOBST.,. ..
his.wife . . . . . . . . . . . . . . . . . . . . . . . . . . .. to me known to bc the pcrson(s) described in and who executed thc
foregoing instrument and acknowledgrd before me that. ...they. .....executed the same for the purpose therein
eapressed.
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/VI/~T~ess my hand and official seal in the county and state aforesa~d this. .yl.. .. .2$~.11 .. .. .. .. .. .day of
. ~~. . Januaicg . . . . . . . . . . . . . . . . . . .. 1961. . .
My Commissio expues: \ ~i
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[SW~~~ii~~ ~ "'~ ~;" . . . . . . . . . ~ Nolary Pubiic
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. ~ , , " ~ :~ ' ry NOTART PCBUC-MINNESOTA ~
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~ • ~ '~IS'~ i 'L>~~ Hl+0.':_i'r ~.n !ti't S
~, i, _ . My Comm. E.~:~re: 1io. ?3. Id?7 S
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(Spsce BNow This line Reserved For Lender and Recorde~
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