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liiJuiitii.il lo joini 1 riiiiiilik i*t»rni
<br />ilofiii <MU\r\»iiiin;! lU ml *' * *** * f
<br />ilttlf nf
<br />Rcinai
<br />■ n a n t s a /# tl
<br />bif syi^Knu! ti^rvr (o rtnn vtj
<br />in rofn moH , tht ir a>^'si^ns^ thv
<br />Warranty
<br />^\rst fntrt at tin* tiatr ht rrof, or
<br />\}rmttitre bij sjid parties of tin*'
<br />ami t»i in$ in tlir (\>nnty of
<br />fnlhors, tii-irit
<br />ange 23 described as
<br />nt of intersection of said
<br />ine.^f Lot 134, Spring Park
<br />thence southeasterly and
<br />dthwsterly line of Orono
<br />of said Orono Avenue to the
<br />a.wihh a line draA%-n parallel
<br />ct southwesterly at right
<br />outhwesterly line of said
<br />along said lake shore to the
<br />hereof on file or of record
<br />A. hvrvlnt (i«frrr to pay said part
<br />pu rt'hasc ptHvv of sa d prt ’ fo is4*s , •
<br />QQ^----------------------------------l)otlarsjw^
<br />\
<br />; i a
<br />)llows: The sum of S37lt^-
<br />)unt on or before the 2Hth
<br />in full. Parties of the
<br />Cljis iHarcfmcirt,
<br />Mav
<br />Madr ami vntt rrd into this
<br />iU . In/ and brtu vi ft
<br />Richard J. Ijorgc and Jean L. Lorge, husband and wife
<br />/tnri. ics uf the first /mri, uinl Jciome M. Rciiian and Shaion I. Rehn^
<br />day of
<br />irs (t,\rt :
<br />illitnrfifsrdj. That tin said jatrt icS (tf t hr first /tart, t n iijj^ii’rti
<br />a^rrr 90 rnt s of said /mrt irs of (hi' sn'omi /tart, hiri'inaftt'r t'ontaim by
<br />** . . trnn9ns in ritin nion, t hi ir assigns, t hr
<br />itn W t ii^i*^^fTrrna9i t s n9id
<br />ii9,t‘ a^rrr to ro9irry
<br />nnt(t said jmrtirs (tf thr sifomi /mrt» as joint tifiants anti not as ^
<br />survivor vfsuiil /xirlirs, timl I hr hrirs unit ossious of I hr survivor, hy ii l\arrant>’ "
<br />tlrvoui/uiuirii hi/on ilhsi riirt ri iilrur,il^^oo-itillriu/uirl icS of I hr fl I st />iirt at t h. i/ilh > r ,
<br />hi, iiu ou urr's ,iu/.liratr rrrtifir.ilr oflitlr, u/.oo thr ,,ron,,.t uu,! full /.rrforiuuiirr hy soul ,„irtirs of III.-
<br />irrou.l ,.,irt. of thrir ,.,irl of this arjrrrioriit. thr tra.‘l of I,not. tyiu$ ,nol hmiri ,,i thr < ouiily o,
<br />Hennepin siulr of .Miunrsotu, ilrsrrn„ u .is follou s. to-int
<br />All that part of Government Lot 4, Section 20, Township 117, Range 23 described as
<br />follows: ^Beginning on the shore of Lake Minnetonka at the point
<br />lake shore with a line drawn parallel Lot 134, Spring
<br />and distan*" 150 feet southwesterly at lixh^r'i^gJes-.Thcyefrom^'^^^ southeaster > an
<br />mrallll wi\h the southwesterly line oftd the Sodthwpsterly line of Orono
<br />Avenue thence soulherlv and westerly fioi3g.^thp;Wcstqrly, line of said Orono Avenue
<br />Doint of intersection of the westerly >.sa,Uh^U>ao.>A^enuc.>\^u)th a line drawn paiallel
<br />SS the ^oSwSterly line of said Lot 134 and distant 210 feet southwesterly at right
<br />angles therefrom; thence northwesterly and parallel with the southwesterly ,
<br />Lot 134 to the shore of Lake Minnetonka; thence northeasterly along said lake shore to th
<br />point of“oginnine, all according to the plat of Spring Park thereof on f,lo or of record
<br />in the office of the Register of Deeds in and for said County.
<br />.lull s.ii.l ,..irli.s of thr s.,.ool ,,.irl. ill .■ousi.lrr.itioii of thr /irrii.isrs, hrr.hy .i^r.r to ,„iy soi.t ,„irt
<br />of liir first ,..irt..ii whei evcr designated <is -
<br />the sum of One Hundred Forty Tliousand and no/100 ($140,000.00)-..............................l)o^.lrs^.
<br />in IHQ9I n i*r a mi at ti9nrs fttilon'i9i^, to-n'it: -
<br />\
<br />) j
<br />^'Z:Z:Z '
<br />day of each and every month tliereafter until paid in full, laities of the
<br />second part to have full prepayment privileges.
<br />It is understood bv and between the parties licrcto that there arc two mortgages »o\'’ of record
<br />aLinst said pronerty in favor of Twin City Federal Savings and Loan Association filed as
<br />Doamient N'lnnbcrs 104148.5 and 1.308523; that if Vendors default in said mortgage ^*t-
<br />mav pav the Mortgagee directlv and deduct anv such pa>7ncnt as mde from this Contract foi Deed
<br />Uo UlUllls s^Llic by Vendees ony l,e added te the Contract for Heed P>ychase hy Vendors of
<br />the Vcmlce*s property in Carver County (see attachment marked Hxhibit A), and .^hail be
<br />additional principal payable thereunder. Vendees are aware that Mortgap referenced imder
<br />Document Number 1.308523, in the appro.xinuate .'unount of $7,92.1.00 has to be p.aic. in full if
<br />and when the property (Hennepin County) is sold.
<br />It is further understood that if the parties of the second part realize not p-oceeds in ^xcessO
<br />of $140,000.00 at the closing of property covered under this Contract;
<br />:nr.crd.:rc:s-;:‘a^d'r:aL ‘rs’b^io?c7^Jcr^
<br />ty 'IV ’^0^“ aVToXSi/?, .'’‘^bio^.'^^nTrpcM'slS Second
<br />parties.
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<br />Ibe Unpaid Encumlirances
<br />:iii.| :ii:;iili'l I'.s- v.iiiil'i'.. mi i' I. i-' 'In .iitr nt
<br />The Unpaid Encumbrances
<br />pav;iM«- to P‘»' iCS "i t!.t iif-i
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<br />U pall! oM i ii» tin *•;«»'! p • "I tli* pa'
<br />P
<br />their
<br />ieS'.' Ilf i.>"- their
<br />1
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<br />III II-, III Iialaiiia*
<br />^ iIm ii lllll !•-' -Ii.ili up|« .1' Hill li.il. po'ii iMili tl" put ics ••• til. h?-t part
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