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<br /> _ - ��� �i�- ort � e � _ _ �'NIS, ITE,�I N�� ��N
<br /> . . � � � � � n1aaB Ju1y 15 �s �; , h,, �. . � _
<br /> � Also lcn�wn ^s C�������tPv�l�d
<br /> Richard T. Cleveland and Corrine Cleveland, Husband and Wifo�
<br /> „���c�aQ�rs, t.,
<br /> TIIL FARDIPIiS AN17 �ll;CIIAIICS 5:1�'I\GS BAti1i OI� �fI�til�;.-�PULIS, a corporation, mortg;�gee,
<br /> �littte��etfj: ��t,at�t�� mortgzi�ors, in consideration of the sum of�2 �00�.
<br /> 5 �� to tl�em in hand pai� by the mortRngee, the
<br /> receipt of whicl�is hereby ncknow�ledged, do hereby�rnnt, bar��in,ee11 and convey as one ti-act unto the mortgngee, it�sucr,essors and assignF,
<br /> the fo11o«�ing cJescribed land situated in tlie County of I�ennepin and State of lfinnesots, to-w�it:
<br /> Tract C, Registered Land Survey No. 1067, Files of Pegistrar of Titles, County
<br /> of Hennepin, together with an easement for road purposQs over the Plorth Tkiirt,y
<br /> (34) feet of Tract E, Re�istered Ia.nd Survey No. 1067 for the benefit: of saiu Tract
<br /> C as shotan in Certificai;e of Title I1o. 354�1�7� Files of F.eristrar of Tit;le�,
<br /> ii County of Hennepin� �lso an easement fnr road �urooses over an�i acr�ss the "a�utherly
<br /> , Ninet,y (90) feet �f Tr�ct A, Re�istered_ Land Surve,y No. 1067, files of the Renistrar
<br /> �f Titles of Hennenin County, PYiinnesoi;a,also f�r the benefit of Tr�ct C.
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<br /> i, t.
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<br /> according to the duly recorded plat tliereof,together wiLh sti•eets nnd aileys adjacent thereto, vacated or to be vacnted.
<br /> i� �0�jAbC i1riD t0 �jOID t�)C �A111Q,to�ether n�ith nll the hereditament�s and appurtenances tliereunto belonginq, including all gas,
<br /> ' electric, and plumbing Sxtures, oll oil, gns, and other heating and cooking appar�tus, st���kers and equipment, refrigerators and equipment,
<br /> '; water softenerF,and storm anci screen doors and windo�cs,u�hich nre hereby declared to be a part of said Innd,unto tlie mortgagee, its successors
<br /> �Z and nssigns, rOItI��'P�R.,and the said mortgngors covenant with the inortga�ee, its successors and aLssigns,th:�t thcy t�re la�cfull��scized of�aid
<br /> �� premises;thnt they have good right to convey the same;that the same nre free irotn all encuinbrances;tlint the mortga��e, its successors and
<br /> � ttssigns, �hnll quietly enjoy and possess tl�e same; aod tt�at tl�ey w�ill�carrnnt and defend the title to tLe same against all la�cful elaims.
<br /> �CObIDCa, ,�`zfbCCflJflfg�, thnt if tl�e mortgagors, their heirs, representatives, or nssigns, shall pay to the mortgagee, or its :�ssigns
<br /> the sum of T�,�N�y �� THOU5AND AND IJO�l00tlis DOLi,AItS �� �5�000.00 �
<br /> ! And interest thereon,priiicipal und interest•p:�yable in montlil�•instsllments of$
<br /> �' 15�.�� , tl�e first installment due and payuble
<br /> ;,� Sente�nber lst, 19�� , and the final pflyment due AUpIZSt lst, 1�J 88, �,ccordin�to the terms of a promissory uotc
<br /> � of evcm dt�te hcren-ith mnde by the mort�;:sgors to thc order of the mortqagce, and sh:till kcep nnd perform all of the coccn;�nts aud a�rcements
<br /> �� hereof,nnd in tLe said note coutainecl,;i�id shall ri�pt�y any subseqt7ent adv:�nces m��le by the mort�.�gee to the mort�;l�urs eitlier to �u�utcet llu�
<br /> �� licn of this mort�gage,or by��•u��of additionsl loan, or fur any other purpoae, then tlris deed sliall bc n�ill nnd void;ut�l�crn-i�c of full force and
<br /> e[icct.
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<br /> 1'he time of payment of saicl note and this mortga�e ma�� be extended by aqreement bet�crcn tl�e Lolder thcre��P and tLe o�cner of nny
<br /> �' interest in snid premises, but sucti extension s}i�,ll not oper•�te to release the mortgngors frorn tlieir personal obligation on said note.
<br /> I�IJC s�TOTtQR�OCg �Fl1CtI)CC �OUf1TAllt «itli tl�e mort�a�ee as follo���s:
<br /> 1. 'I�o pay said principnl sum and intcrest at the times nnd in tlie manner Fpecificd in �:�id note.
<br /> �' 2. To p;ty any aLdditionn,l sums of monep as mny from time to time hcrcti[ter bc loancd by thc mort�agcc to tLe mort�.��;rn;5 or a��iFns
<br /> togethcr x itli iuter�st thereon;said sums shall be ecidenced by a note or notes given by�the mortg:�gors to the mortgagee;and�u�h uotes shall
<br /> � be fl.s fully eec�ired hereby:�.5 if the�:ime «•m�c�pccific.tlly describcd Lere�in; nnd in ca�.�c of dcGiult in the prty�mont tLercof, Liw �nort�:i.�ce sh�t]I
<br /> i�, have nll the po�ti•ers,rights aLnd privileges H�hicl�under Lhe terms ot tl�is mort�uge it hiL�in�r�:e of nny�otLer hrcach of covenant or j�romi��o he�rein,
<br /> � including the rigLt to dcc]are tl�e w-hole of the indebtediiess due on�ny default,to�cll said premises at pub]ic nuction and to forccloce the ma•t-
<br /> gage by advertieement according to stutute under the po�scr of sale. �
<br /> 3. To pny all taxes and assessinents ��•hich may be or become �, licn upon s�iid premiscs m• any p;�rt tlurcof �chcn t.he snm��bccome duc.
<br /> Reccipt for tnxes pnid in the hands of tl�e mortgngee sli:�ll be conclusi�-e evidcnce of t,lie pa,}•ment tl�ercof b�-tlie niortga�ce and of the validity
<br /> i and amount tliereof.
<br /> ' 4. To keep the buildings nnd improvements no�c or hereafter erected upon said land continiially intyct and in good repair and unceasingly
<br /> � insured n�ai��st loss by fire and tornado end otlur haz�rds,casutilti�•s,and cont.inhcncics,in in�uranr.e cnrn�rtnies a�proved by the mortga�ec,for
<br /> �, their full insurable value, «�ith loss pnyable to thc mortgn�ce, to depo9it nnd kecp depo�ited witl� the mortga�;ce all policics of such insura,ncc
<br /> wl�ether in excess of the amount of snic]principal nutc or not and to pny the prmniurns thereon w�hen duc,and to maintain thiy mort{;��e nt n]l
<br /> times n first lien on said premi.,cy.
<br /> 5. If now or Lerenfter ruryuirc�l by tho nwrl�;:i�;co, th<� mortg�i�or5 zi�;rcr, Lo l�:�y to tlic niorl�n���c a�l�li�ionul �rionl,hly Jxiy�mcnls ec�ual to
<br /> � 1�12 of sucli:lmount as tl�c mortg�gec sluill��titimiet,e to bc.requirnd tor tl�c purpose of accumulatin�a fund�t�ith t��Licl� to p��y���l�cn duc, t�a�cs,
<br /> �� assessments nnd prcmiuins on insurance policics on t.l�e mortga�cd property.
<br /> � 6. In case of failure to keep said buildings and improvements intact, nnd in such repair, ;�nd so insured, the poli�•ics ttiereqf ao deposited,
<br /> ;� such insurance premiums, taxes,and a,ssessments paid, or to maiiit:�ii� t}iis�nort�age at all times a,first licn upon s.�id premises�the mortg��eo
<br /> mny nt its option make and pny for repnirs und incur the costs of keeping such improve�neuts intact,e(Tect Such insurance nnd pay nny premiums
<br /> therefor, ttnd pay nny such taxes or assessments, and pay tiny costs incurred im m�intnining the priority of this mort�:�ge nnd pay any lien or
<br /> , claim on snid prcmises prior Lhcreto.All suma so pvd�1�a11 bcar interest from the date of such paymcnt at thc rnte�pecified in t�he note or notcs
<br /> secured by Lhi�morl.gaqe,sl�flll be n lien upon saicl premises and a pnrt of the debt secured hereby and pnynble fortliwith. TLe mortgngors
<br /> ; hereby sell, nssign, nnd set over unto the mortga�ce all rents due and owin�or to become duc for tlie use nnd occupntion of said premises nnd
<br /> �� buildings tl�ereon,said assignment to be i�i full force and cffect unt�il said rn�fe or n�tcs and nll ndvan��<�ti m.ido l�ercund��r by the u�orf�;ti���e aro
<br /> pnid in fttll, ttnd to furthr.r assist in Ll�e excrciac� of snid :�.s5i��imcut, Lhe mort�;,iRory Li�reby a�ppuint tl�e �norf�iiqce thcir nttorricy-in-(nct to
<br /> �', reccive, collcct, sue [or, an�l reccipt for all�uros duo and o�vinR for auch use nnd occuptition, una out uf tho nmounts eo collect���l 6o piiy and
<br /> ;I diechnrge nll taxes,a5sessments,and insurancc premiums on saicl prciuises,or rcimburse itsclf for advancing eame,and to pay the principnl and
<br /> � interest of the notes above described, paying ovcr tlie surplus, if any, to the mortgagors. ;
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