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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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it may make such sale at the time to which the same shall be so adjourned, but in the <br /> event of such adjournment or adjournments, sale shall be made within any limitation of <br /> time or number of adjournments prescribed by law and, in any event, within six months <br /> from the date of sale fixed in the advertisement or court order, unless notice of sale on <br /> some later date shall be given again in the manner provided by law. <br /> (e) Upon any foreclosure sale, the owners of any Bonds outstanding, or the <br /> Mortgagee, may bid for and purchase the Trust Estate or any part thereof and upon <br /> compliance with the terms of sale may hold, retain and possess and dispose of such <br /> property in his,her,its or their own absolute right without further accountability,and any <br /> purchaser at any such sale may, in paying the purchase money,turn in any of such Bonds <br /> or claims for interest outstanding hereunder in lieu of cash to the amount which shall, <br /> upon distribution of the net proceeds of such sale, be payable thereon. <br /> (f) Upon the completion of any sale or sales made under or by virtue of this <br /> Mortgage and the Indenture, the Mortgagee shall execute and deliver, or cause to be <br /> executed and delivered, to the accepted purchaser or purchasers the property sold with <br /> good and sufficient transfers, assigning and transferring all its right, title and interest in <br /> and to the properties sold. The Mortgagee and its successor or successors are hereby <br /> appointed the true and lawful attorney or attorneys irrevocable of the Mortgagor in its <br /> name and stead or in the name of the Mortgagee to make all necessary assignments, <br /> transfers and deliveries of the property thus sold,and for that purpose,the Mortgagee and <br /> its successors may execute all necessary instruments of assignment and transfer,and may <br /> substitute one or more persons with like power, the Mortgagor hereby ratifying and <br /> confirming all that said attorney or attorneys or such substitute or substitutes shall <br /> lawfully do by virtue hereof. Nevertheless,the Mortgagor, if so requested in writing by <br /> the Mortgagee,shall ratify and confirm any such sale or sales by executing and delivering <br /> to the Mortgagee or to such purchaser or purchasers all such instruments as may be <br /> advisable, in the judgment of the Mortgagee, for the purpose and as may be designated <br /> in such request. <br /> (g) Upon any sale made under the power of sale hereby granted or under <br /> judgment or decree in any judicial proceedings for the foreclosure or otherwise for the <br /> enforcement of this Mortgage or the Indenture,the receipt of the Mortgagee or the officer <br /> making such sale shall be a sufficient discharge to the purchaser or purchasers at any sale <br /> for his,her, its or their purchase money, and such purchaser or purchasers,his,her, its or <br /> their assigns or personal representatives shall not,after paying such purchase money and <br /> receiving such receipt of the Mortgagee or of such officer therefor, be obliged to see to <br /> the application of such purchase money, or be in anywise answerable for any loss, <br /> misapplication, or nonapplication thereof <br /> 7 <br />
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