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Home My WebLink About0931 6~.5244 ~Q~ r-~ '~'f q 7Z v . . _ ' ~ `t' . ~ . 0 " a1W1 have tl~e option to recsive and ~pply tM sam~ on aooount ot ths indsbted~ s~eund b~by or to p~tait eaid Mortsa~ to receive and uss it a any p~rt tl~eoi far otMr purpo~ witMut tSKebY w~ivln~ a~ impairint auy equity. lisn or rigAt under or by virtue ot t!?i~ mo~; aod in tM ewnt s~id Matg~or sl~ali tor u~r rr~oo tail to keep the said premiass so inaured. or tail to deHv~e promptly any ot ~aid paVciM ot iawuana ta Mid Mortaaaer. or f~l promptty to p~Y tulh' aay prsenium tMre[or. or in any rerp~ct fail to PRtotm. ~cuta eHeet. eompleta cocaphr witt? ~nd sbide by ttis covemant, or ~ny part hereot, uid Mort~a~ aoay pl~a and p~y for such iaeurance or any part thereof without waivin~ or ~Hecting any optioa, lisn, puity or ri~ht undK o~ bp ; virtne o! thi~ mort~ate. and t!~ tull anwunt of weh and ~v~y such piyn~snt sbali b~ immsdiatdy dw ~ad pRyabM and shaU bear iater~st irom tM date thsreot until paid at tl~s nte oi t~en par osntum pa~ annum and topthrr ~ritA . ~ch intere~t shaU bs ~seured by tAe lien ot thia m~o~t~y~. 4. To pernsit, rnmmit or sufter no waste, impaira~nt or deteriontica of ~aid praQsrty or ~ny part tAereot. S. To pay ~U and• singulu the cosu, charea~ aad ~:pen~ea. including re~aonabk lawyer'~ tee~ ~nd ao~t oi ab~tracts of title, ineurred or paid at• uiy tims by wd Mortsa~e bec~use snd/or in t6s event ot tM fa~rs on tlrs part of the said Mortga`o~ w a~y. ~.na wur ~o~n. a~.~e.~s.. ~K„c~. ~trecc. ~oma.c.. oomNy .~ce and abide 6y each and every the stipul~tions. a=n~mrnb, ooaditbsu wd~ ooven~nts ot ~aid promi~y note. ~nd this mortgage. any or ~ither, and ~aid eoets. char~ Nnd ~spsn~s~, e~eh aod every. ahall bs imm~diaUip dos and paYabk. whether or not tA~e be notioe. demand. attanpt w oollect or suit peeding; arsd t!?s tull amount of e~ch ~nd every anch p~yment shaU bsar interest froen tLs dats thereot until paid ~t the nte of ten per oentum per annum: and aU said eosta. chargs~ aad e:p~nse~ so toeur~ed or p~id. Loaethe? with sueh iutee~s~~ ~luU b~ Me~red bq tAe lien oi thi~ mortg~~. 6. That ia1 in ths rvsnt of aey bnsch oi Wis mort~ or d~hnlt oa tlr p~rt ot tbs Mortp~, o~ (b) in t6s • event any of eaid sams of mooay Aecein rstKeed to b~ tat peomptiy ud fi~llp paid witAin bn d~)n ewzt a[t~e tA~ _ same severaUy becoms dus ~nd payaDls. witlwnt demand or notios. oc le1 in tbs wsnt e~c!? and av~e~? tl~s ~ti~ilations, agreemsnt~. coadition~ and oov~naets of ~aid protni~wry nots aad tht~ mortsrp, any or ~ithR. ~n oot dn~?. promptty md fully p~tformad. d'uchv~sd. ~ecvted. sffeeted. oompi~ted. oom~tisd wit6 and ~bMed by. tMo. ta dtlMr or aay eueh even~ tbs said aggreg~te ~um mentioned ia said peoeniaary aots t6ee remainuns nnp~id, wk6 jote~s~t acerued. and aU moneys sscured hersby, shall beeome dus ~nd pqrabls fortbwiW, or tbe~e~ft~. ~t the option o[ ~aid Mortgagee, as iulty and oompleWy ~s ii aU of tM ~aid ~um~ ot nonrey were ori~iaally ~tipulaced to b~ paid on euch day. anything in ~aid pa~omis~ory not~. ~nd or ia thls martasss to ths ~ntruy aa~~ii~tsadias; and thereupon ar thersaker ~t the optaa ot said Mart~~s. without notioe or damand. snit ~t !~w cr In ~qnitp, theretofore, or tAenafter begun. may be ptoMent~d a~ If dl moewys Mnvsd Mnby had matw~d prior to IN institution. ~ 7. T6at in the event tlut at tbe bsginning oi or at any tims prndie~ aay auit upon thi~ mortpg~, a~ to tae~clo~s ! it. or to reforan it. andlor to eaforee p~ymeat ot any• claim~ l~erwnd~r. eaid Mat~aw iball ~ppty to ths aourt k !?aving jnridicticn th~reof for tl~e appointmemt of a Reodvar. ~nch oourt ~all tort6wii6 appoint • R~aivar at ~afd ~8'~ P~tY all ~nd eingulu. inctudin~ all and sin~ttlar t6s eant~ itrcome proCtts. i~aie~ and ew~a~ trom ~I whacever w~rca dKived. e~eh ~nd every oi whieh, it b~tn~ ~zpwlr wdentood 'u 6anbp martRapd u it t epecifically ~st forth ~nd de~eriDed 'no the grantint aad hab~dum cLw~s hereof. aad snc6 R~aiwr ~haQ 6ave ~ ~il the brwd ~nd eHective tunetions and powers in aaywi~s ent~usted by • oourt to a Reoeivsr. and ~ncb appoiatenent ~ e6all bs mads by ~uch eourt u~n admitted equity and a matter ot abaolute right to aaid Mortg~g~s, aad witAout reference to the adeqwcy or inadsqwry of the value oE the pmpe~ty mortgaged or to tbe ~olwecy o~ iwolvency ot aaid Mortgagor andior oi the dafendanta. wd tlut such renta, proC~ts, inoome, wues aad ravsnue~ ~haD bs ~~ptied by aueh Receiver acoording to the lein andlor equity ot s~id Ma~tgagee and the pnctics ot attb oo~rt. S 8. It is undsntood and ag?~eed that thi~ mort;aas ii pvsn to Ncvra in addition to th~ note or oWiption ? abovs de~cribsd any additbnal fo~ns or futune ~dvanca enads wlthu~ twenty ye~rs from daq bar~ot b~ t6~ matprss n to ~aid mortsa~on or any snooruor in titb of pid ~ortga~oe~ ot t6~ P'o'P~tY ~'~7 ~YS~'~d: Peovid~d t6~t tbs ; total unpaid balance ot the indebtedness sscursd heroby at any ons tims sball eot ~ossd the ma:imum p'tindpd ° amount of ~IIR'1'Y Q~ ZHOUS~ID, NINE H~R~IDRID AI~ID SIXTY ($31, 960.00) -------DoWrt _ li plus intere~t the~eon and any disburas~aents mads by tlie mataaaes tar tM paymeat ot tuN, irviN or inwu~anos t on tbe PropartY encumbsred 6aroby. with intere~t on sueh dislwnsmemt~. s _ ' IN WITNE33 WHEREOF, the said Mort~o: ha~ e:seuted thi~ moetpae under wl on tbs day and ye~r h~nin y firat above written. z ~ Signed. ~led and delivsred in tha prasenos ot: ~ G 13EAL1 ~ ' ! Q. ~ ' 19EAI.! DOni~a . tm srwTE oF Ri~xi~nt I~ii~esota COUNTY OF ~ Betore ms perwnalir appeand F~ert D. Mc.`Clun and Darutia L. r~r~Clun, his wife, of 9541 wnd Ave., S., Minneap~lis, Minn. 55420 3e..,i-..._ `J W ms w~U known and Imc~wn to m~ to b~ tb~ lndivldwf . draibd in ~nd wbo ~z~eat~d t6~ r ~ ' and ael~nowMclpd b~fon m~ tbat ..t~. y~ue~t~d tl~ ~aaa~ ta~ tM p~spow t~nin ~sp~wd. ~~I'Y', ~ .Y..J . 7 ~f~. ' - , ',•f ~ ~ ~ . < wITNE93 my l~nd ~ad ot8eJa1 «~l tbL ~ ~ dq ~ , ~ s . _ _ - - - _ . ' . - ` Nd~r~ ~ i~ , _ r ~ t : ~ tM Ca~atr nd BiA~%' N~.." { . . , ~'t~ 'v., . . , . . ~ . y~ ~^n ~ S. , • `i 1~ ~ ~ - ;~,~~412 P~~E ~3 -