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<br /> � � ?Nrs f'��
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<br /> ' M ►c�to�i�►
<br /> �. O:mer or his/her heirs, executors, or represe itatives, shall give Grantor
<br /> r,otice �romptly a`ter the date of any sale,. transfer or other conveyance of the above-
<br /> � �escribed real estate or promptly after the date upon which said rea) estate ceases
<br /> to be �ti•m�r's principsl place of residence (or, in the event of a sale by contract
<br /> � =�r �eed, st lesst �en (�p) days pr�cr ta such date of salej.
<br /> �; ?• in the event Owner or Fis/her heirs, executors, or representatives shall fail
<br /> cr refuse to make a required repayment within said 'imited period, Grantor may, with
<br /> or without notice_to Ohmer:r.f�r.eGl-0se said liert in the sarae ;nanner a; is provided by
<br /> � statute for an action ror_the.forec�osure of mortgages upor, said real estate.
<br /> ::�:,��:.��;�..
<br /> 5. The lien shall termiriate'and shall be of no further force or effect in the event
<br /> Grantor has noL, on or be–�e 5�,,},,, b�� ,� �' � � �
<br /> .. Lhe aforesaid .�anner to foreclese t�he s��ne and fiT"ed for�reco dnaenotice�of said
<br /> action, or a lis pendens-�referring to the same, iri the office of the County Recorder
<br /> or kegistrar. of Titles, 3s the case may be in Hennepin County. Grantor may, in its
<br /> � �ole discretion, extend said termination date of said lien by filing for record, on or
<br /> hefore said termination date, an agreement with Owner or his/her heirs, executors, or
<br /> rearesentati•res e�:idencing such extension. Absent extension or termination as described '
<br /> above, the �rner or his/her heirs. executors, or rep�esentatives, shall notify the.
<br /> Hennepin County Office of Planning and Develoament promptly after the date of any sa1e,
<br /> transfer or ether conveyance of the above-described real estate or promptly nfter� the
<br /> date upon which said real estate ceases to be Owner's principal place of residence (or;
<br /> , in the even� of a sale by contract for deed; at least ten ,(10) days prior to such date
<br /> � of sale).
<br /> � :
<br /> r�. This Agreement shal�:r��n wifh the real estate described in Clause 2 above and �
<br /> s�aii inure to the ben�fit o` and be bindino upon the parties Fereto and their
<br /> �especti��e he:�•s, executors, representativ.es, successors and assigns.
<br /> �_� 7. If this Agreerrent is executed by a contract for deed ver.dor �f the property, as .
<br /> ore of the Orrners, such e�cecution sha11 be deemed for the purpose of establishing and
<br /> { cantinuing the existence cr the indebtedr.ess described herein and the lien granted
<br /> , herein. Ho«e��er, in the event of default of the terms hereof, neither the Grantor nor
<br /> its assigns shall take any action against such contract for deed vendor �xcept such as
<br /> . ray be necessary in order to subject to the satisfaction of said indebted�ess the �
<br /> property de5cribed herein.
<br /> It� TESTIMOYY WHEREOF, the parties have executed this Agreement as of the day and
<br /> � •_ r First above written. j
<br /> /,� ri_�.-}'T,�� ���) C�rY o � oRo�10
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<br /> � By�! lL�..�.� `�i,, �f�._.
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<br /> O�ti'NERS -'r
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<br /> , S?ATE OF tLT�1�ESOTA) ,yr•H�.::�;,:_:�,;_, �
<br /> ) 55. _. .
<br /> �Cl:";iY OF HC_►�n1EP�� ��
<br /> ��'`� ^
<br /> Cn this �fay of �� , 19 �;eefore me, a No ary Pub c
<br /> ' ;
<br /> r:i�hin and ror said Coun�y, persenally appeared � -�� .✓ �Q',f�
<br /> �
<br /> tofine�kro�:�n to he the person(s descr�bed in and who�c�cuted the orego�ng nstrument � �
<br /> ard acYno�vledaed that h2�'executed the same as �Z free act and deed. �
<br /> — — l�y� � C �c.�.� i .
<br /> Notary �c - !
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