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10-28-1996 Council Packet
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10-28-1996 Council Packet
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I HI I AMI ri fit AfR» <br />AHcri ntconuni* n lo: <br />oniAf wtsiiiiN MontCAGf conronATiQfi ^ <br />P O. 90K $2Ji§ <br />1 <br />}■* * %r . "'N n V. <br />^ 0 *1 <br />•'! • » <br />1^- I*.-A <br />; <br />AHf«t««. CA 90009 2)89 <br />•f ■i". <br /># •. •• <br />'! <br />• « <br />•si J’’’ <br />t <br />SPACE ABOVE THIS LINE fOP nECOnOffiO DATA. <br />MORTGAGE <br />THIS MORTGAGE (“Stcufiiy Iiistrufnent’'| it given on Augvitl 10. 1995 <br />Tlic inoflgagor is NATHALIE CRAY. AN UNMARniEO PERSON <br />Ties SecuMly InstrumenI it gtvefi to <br />GREAT WESTERN MORTGAGE CORPORATION. A DELAWARE CORPORATION <br />COUNTY CODE: 027 <br />Off ICE NUMBER: 378 <br />LOAN NO.: 1 638914 2 <br />rBorrowff*). <br />wliicJi is oiQMuicil Aivl e-itlMig tuMlcr llw* lows ol THE STATE OP DELAWARE . . mI wrtiOfO nrkfftst If <br />9451 CUnniN AVENUE. NORriiniDGE. CA 91321 <br />riciMlei'l OoMOwet owes Lriulrf \Ue pfincipni siHit of <br />NINETY NINE THOUSAND NINE HUNORrO AND 00/100 <br />DolL-Mt lU S $99,900.00 |. Iliit «lcl»! is evidenced liy Rwrower's imie tl.iled U»r so»nc dale as lliis SeciMily <br />IntlMitnenl CNole'l. wliitli provides Ini monil.Iy paymetds. with llie fiiH dcM. if not p.mj emlirr. due immI pnyalilo wi <br />Septeinlirr 1. 2025 and Im iiMcrcnl el ihc ye.idy lalc ol 7.900 percent IIms ScctNily Inslnanent srLiiiei lo <br />lender |a| llie rnp.tynient of Ilic field evidenced l»y U ms Nolo, wilh Mdeiest, aim I all lonewnin. eMteiisir.ns and <br />fiiofldicalions of Hie Nole. |b| llie payMtenl ol all iiHirr siwtis, with infetesl. advnnrcd immIci Pafagiaph 7 to prol*3cl Hie <br />secimly of Hiis Srciwdy InstMiincMii. .ind k) H»« pmrunnaiico of Oonuwcf's covenants simI aoieoniQitis uiMler tlifS <br />S**fiwily iMslmnimit anrf fRe Hole Tor H ms piifpose. Ooiiower does itcreby nioitgage. grant and convey to Lender tlie <br />folio wing described property located hi HENNEPIN County. Minnesota! <br />THE NORTlirnLY 100 TUT OP THE WESTERLY 177 Till OP LOT 10. ORCHARD <br />PARK. HENNEPIN COUNIY. MINNESOIA. ACCORDING TO THE RECORDED PLAT THERE <br />or. AND SITUATE IN HENNEPIN COUNTY. MINNESOTA. <br />riN/IAXIU: 32 1 10 23 23 0007 <br />wNcb bos the addrfst of 400 ORCHARD PARK ROAD <br />onoNo <br />Minnesota 55350 rTroporly Address*); <br />TOGETHER WITH all tbe Improvements now or Irercaftcr creeled on the properly, and oil eosemenis. opptiflcnances, <br />ond li«lnies now or bcicaMcr a part of Ibo properly. All replacements and arldilions si.ill niso bo covered by Huj Socurily <br />liisliiuncnl All of lire foicgcNiry is referred la in Hiis Security Instrument os H»e *rroj»ctly.* <br />BORROWER COVCMANfS Ib.il Bnnowm is lawfully seised of the estate berrby convoyed amj bos the finbi to <br />rnort,j.i(|P. gi.uii .Slid ronvry ibr Pniprily nnd that Ibo rro|>erty is ituenrurnbrred e«r ep| for eneiiinbra««res id record <br />Oonower wnirnnis aivl will dulciifl genorally ibo bile lo tbc Properly against all claims ami demands, tubiecl to any <br />CtKiNiilMancot of rocoril. <br />mis StCUIIII V IliSMUJMrrir cniMl>i..«, uniluim cDvcii.inls lor italiorial usa anti iior* uniloim covotianti witli llmltad <br />vatlalloiit by IniisJiclioii lo coiijlilule a uniloiiii security iiisituineril covering leal properly. <br />UllirnflM COVftlAllfS Umrorwet otHllciitlrr covciianl and agree us lollows; <br />1 r.iyment ol Piiiicl|ial and InletasI: rroiiayrnanl and lala Cliaigas. Oorrr<Mcr slinll iHoii.plly pay wlieti dua lliu <br />linncipal ol and nileiesl on lira debt cviilcitced by lire Note and any rrr|iayn.cMl aitd lale cliargcs duo taidor lire Holu. <br />2. riMitls lot Taias anil tnsnianne Snlijccl lo api'Kc.iIrle law or lo o wiillen waiver by t cndei. npirowar slintt pay to <br />IriMlri nn ll.c li.ry monlMy paynienls me i|,h > i«..lri lire Hole, i.rt.l lire Hole Is paid in bill, a sran rrnn.ls*l lor: |al yearly <br />la.ca a.Ml a<M in..m.ia wlui Ir may allain primily over Ibis Sccniily Instnnncnl ns a iM.n on lire riopeily |b| yearly <br />easclrol.l paymenls or oronml rents on lire Propmly. ,1 any; |c| yearly barani or p.r.pcrly ins.uanco p.emiians; |.l| vaa.ly <br />llomi insurance iweminnis, il any; |e| ye.mly inorlgngo insnianco picmiiMns. II any; and II) any sums payable by Ooriowcr <br />I-J Icmlci. in accordance willi Ibo provisions ol raingiapb 0. in lieu ol lire paymenl ol mortgage iirsuianco premiums. <br />Ilicse Items are calleil -Escrow Items ' lendri may. at any Imre, colled ami bold l uirds in an mnoiarl rrol lo oceed lire <br />ma.i.rrmn nitromri a Irnrlct lor a Icdmally relalcrl ntuilg.ige lo.sir may eernrita lor Ootrowet-s r>sciow accorarl urrdei lira <br />ledrt.rl Perl Fsinie Selllrnreirl Proccrlmes Ad ol 197-1 as amc.Kled limn limu lo limo 12 USC I 2001 $tn <br />I »'f M'A-I. ....less ..rollrc. law Ibal applies lo Ibe frimls sels a lesser rmrourrl II so. Ic.rrler rrray. at „ry linro. colled and <br />rold riarils in an amount not lo e.reed lire lesser amoiinl lemici may etiimalo lire sinouni ol Funds due on Ibe basis of <br />cunciil data a.«l iejson.ible esimiales ol opcmiiluies ol biluie Escrow Hems or oibciwisc in accotUence wilb applicable <br />iH.rl’l''’ •'■•''"■I in on inslilntio.. wl.osc d. posils are insured by a le.lcral agency, brsinnireritolily. or orriily <br />trcluilrng lender, il lender is sncti an inslilrilion) or in any Ecdeial Home loan Oank. lender sball apply lire Funds to pay <br />aren ’'i'°" I’' noimwor lor bolding and applying Ibe Funds, ........,,IIy onolyling tbe escrow <br />1'^-"! ’'"'I' '“>'«» «■•’•vlcr pays llo.rower InIcresI on Hr-. ........... .m,d applicable law oormlls <br />I I l-r mnVo snU. a rli.iige However. I emler m.ay lerinire llmtowei to ir.iy .•! ....e lime ,l„i.y, lot nn iirdepatr<lnnl in.sl <br />esl.no l.i. rei-o.lmg .erviro nterl by lender in en.meclimr will, il.i, .................... nppl.cabl.! Isw provides ollreiwiso <br />Uness on agrocmenl is made or applicable law re........ Iciest lo be paid, lemici sli.ill no| be ioi|rilic<l to pay Oonower <br />n,e Fu 'ir "" ‘"'•■'V "9'CC in willing, bowevci. Ibal Inle.esi shall be p.sid on <br />Ire Fihh I, le,..le, ,|„iII „,ve lo 0 .-owci, wilboiil cb.aige. nn aniuint accouirllng of Ibo Funds, slmwing cicdils and deNls <br />o lire Fuml, and tbe pniposc lo. wb.clr carl, debit to Ibe Funds was made. Ibo Fundi .1,0 pledged os addil.onal socuiily <br />for nil siini^ aecurcil by Ibis Sccuilfy tnjbumput. locum^ <br />.. .. ... INSmUMENT Fom, 302-1 0/90 ftrag. , ,7* <br />Kxt-tioir
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