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(date) iprior to the Final Maturity Date_the Installment Loan and all accrued <br /> interest thereon shall be immediately due and payable and shall be repaid in full to the HRA. <br /> a. TIIa4 the City Shall be F-epaid,in Ali!,ppas 44er-est t4er-eon,and; <br /> year-period as se!fbi4h above and in aecor-dance with the Tmth in Lending Stalement of eve <br /> 44is Agr-emwi#, Owner-14er-eb), grants and City shall and 14er-eb), does hm,e a lien an 44e real est4e <br /> 4461iAiRg FeaSE)Rable a4ORW)"S fees, E4 6011e6fiRg t4e SaR4e. T-14e Feal estate Subjeet to Said lien is <br /> s4+iated in I MinReset s4eg-a4b, dessr-ibed as <br /> &'* ib4 4 <br /> 3. <br /> �OFOGIOSO Said 40+144 thO Sa+140+RaIlHer-as an aetion for-440 for-0610sur-e 0�+14014gages UP014 said F-0 <br /> estate as pr-avi °a by star tc As security for Owner's obligation to repay the Installment Loan <br /> and accrued interest thereon, and the cost, including reasonable attorney's fees, of collecting the <br /> same. and subject to the terms and conditions of this Mortgage_ Owner hereby grants_ and HRA <br /> shall and hereby does have_ a statutory mortgage on the Property in accordance with Minnesota <br /> Statutes_Section 507.15. <br /> 4. <br /> r-e"ir-ed r-epayffient within said 14ii4ed per-ied, �he City ffiay, w4h er- withettt ne6ee te Owner-, <br /> estate, as ^videa by stat .°.The Owner covenants with the HRA the following statutory <br /> covenants <br /> a. To warrant the title to the Property_ subject to permitted encumbrances as set forth in <br /> Exhibit C'_ <br /> b. To pay the indebtedness as herein provided. <br /> c. To V all taxes. <br /> d. That the Property shall be kept in repair and no waste shall be committed <br /> e. That the whole of the principal sum shall become due after default_in the payment of any <br /> installment of principal or interest_ or of any tax_ or in the performance of-any other <br /> covenant_at the option of the HRA. <br /> f. To pay principal and interest on prior mortgages. <br /> 5. If default be made in any payment or covenant herein_the HRA shall have the statutory power of <br /> sale_and on foreclosure may retain statutory costs and attorney's fees. <br /> 6. For the protection of the HRA_the Owner will_during all the time until the indebtedness secured <br /> by this mortgage is fully paid. maintain all risk property insurance. naming the HRA as an <br /> additional insured.in an amount not less than the full insurable replacement value of the Property. <br /> Said insurance shall be written by a company or companies licensed to do business in Minnesota <br />