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10-25-01 3. MORTGAGE
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2040 Wayzata Boulevard West - 34-118-23-21-0036 - (Orono HRA)
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2040 Wayzata Blvd Land Use - Dunbar
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Dunbar Sr. Hsg. - Finance Doc's - Mike Gaffron File Cabinet 1
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10-25-01 3. MORTGAGE
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Last modified
8/22/2023 4:55:34 PM
Creation date
10/4/2021 10:01:43 AM
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x Address Old
House Number
2040
Street Name
Wayzata
Street Type
Boulevard
Street Direction
West
Address
2040 Wayzata Boulevard West
Document Type
Land Use
PIN
3411823210036
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(h) The Mortgagor does hereby expressly consent to sale of the Mortgaged <br /> Property by advertisement pursuant to Minnesota Statutes,Chapter 580,which provides <br /> for sale after service of notice thereof upon the occupant of the Mortgaged Property and <br /> publication of said notice for six weeks in the county in which the Mortgaged Property <br /> is located, notwithstanding that service might not be made upon the Mortgagor <br /> personally, and that no hearing of any type is required in connection with the sale. <br /> Except as required by the aforesaid statutory provision,the Mortgagor hereby expressly <br /> waives any and all rights to notice of sale of the Mortgaged Property and any and all <br /> rights to a hearing of any type in connection with the sale of the Mortgaged Property. <br /> (i) In case of any Event of Default as aforesaid,to the extent that such rights may <br /> then lawfully be waived,neither the Mortgagor nor anyone claiming through or under it <br /> shall or will setup,claim,or seek to take advantage of any appraisement,valuation, stay, <br /> extension or redemption laws now or hereafter in force in any locality where any of the <br /> Mortgaged Property may be situated, in order to prevent or hinder the enforcement or <br /> foreclosure of this Mortgage or the Indenture, or the absolute sale of the Mortgaged <br /> Property,or the final and absolute putting into possession thereof,immediately after such <br /> sale,of the purchaser or purchasers thereat,but the Mortgagor,for itself and all who may <br /> claim through or under it, hereby waives, to the extent that it lawfully may do so, the <br /> benefit of all such laws and all right of appraisement and redemption to which it may be <br /> entitled under the laws of the State in which it is situated. <br /> (j) Any sale made under the power of sale granted hereby or under judgment or <br /> decree in any judicial proceedings for foreclosure or otherwise for the enforcement ofthis <br /> Mortgage or the Indenture shall, if and to the extent then permitted by law, operate to <br /> divest all right, title, interest, claims and demand whatsoever, either at law or in equity, <br /> of the Mortgagor of,in and to the property so sold,and be a perpetual bar both at law and <br /> in equity against the Mortgagor and against any and all persons, firms or corporations <br /> claiming or who may claim the property sold,or any part thereof,from,through or under <br /> the Mortgagor. <br /> 7. Possession of Mortgagor. Unless a Default on the part of the Mortgagor shall <br /> exist under the Loan Agreement or an Event of Default shall exist under the Loan Agreement <br /> or the Indenture, the Mortgagor shall be entitled to the possession and disposition of the <br /> Mortgaged Property and the Revenues and Income thereof subject,however,to the rights of the <br /> Trustee to the possession and disposition of the funds and accounts provided for in the Loan <br /> Agreement and the Indenture. <br /> 8. Further Assurances. As provided in the Loan Agreement,the Mortgagor shall <br /> execute, deliver, file and record at its expense such supplements to this Mortgage, financing <br /> statements or other documents as may be required in the opinion of counsel, including(without <br /> 8 <br />
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