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6-ee71
<br />MORTGAGE DEED
<br />STATE OF MINNESOTA
<br />-2! '5F9' S
<br />® This form is'used in connection
<br />with mortgage deeds Insured
<br />under the one -to four -family
<br />provisions of the National Hous-
<br />ing Act.
<br />THIS INDENTURE, made this 6th day of October 19 83 ,
<br />between Gary W. Charboneau, single
<br />of Sherburne County, Minnesota Mortgagor,
<br />and TWIN CITY FEDERAL SAVINGS AND LOAN ASSOCIATION
<br />a corporation organized and existing under the laws of the United States of America
<br />Mortgagee,
<br />WITNESSETH: That the Mortgagor, inconsideration of the sum of Fifty-eight Thousand Fifty and no/100ths
<br />---------------------------- Dollars ($ 58, 050.00------------- )• to him in hand paid by the Mortgagee,
<br />the receipt whereof is acknowledged, does hereby grant, bargain, sell and convey unto the Mortgagee, its successors and assigns,
<br />forever, all th at tract(s), piece(s) or parcel(s) of land situate, lying and being in the county of Sherburne
<br />and State of Minnesota, described as follows, to wit:
<br />Lot 8, Block 3, Belgin Acres-, according to the plat thereof on file and of record in
<br />the office of the County Recorder in and for Sherburne County, Minnesota.
<br />TO HAVE AND TO HOLD THE SAME, together with the hereditaments and appurtenances thereunto belonging or in
<br />anywise appertaining, including all gas fixtures, electric lighting fixtures, oil burning or other heating and plumbing, apparatus,
<br />all storm windows, storm doors, and vestibules, and all screen doors and window screens, cooling and refrigerating apparatus
<br />and systems, and fixtures of every nature and kind whatsoever thereunto appertaining, unto the said Mortgagee, its successors
<br />and assigns, forever.
<br />And the Mortgagor hereby covenants as follows: First, that he is lawfully seized of said premises in fee simple absolute;
<br />Second, that he has good right to convey the same in manner and form aforesaid; Third, that the same are free from all liens or
<br />encumbrances, whatsoever; Fourth, that the Mortgagee, its successors and assigns, shall quietly enjoy and possess the same, and
<br />that he will wairant and defend the title to the same against all lawful claims.
<br />PROVIDED, NFVFRTHELESS, That if the Mortgagor shall well and truly pay to the Mortgagee the principal sum of
<br />Fifty-eight Thousand Fiftq and no/100ths------------ Dollars ($ 58, 050.00-------------- ),
<br />according to the terms and tenor of a certain promissory note of even date herewith, the provisions of which are incorporated
<br />herein by reference, with interest as stated therein until paid, principal and interest being payable at the office of
<br />TWIN CITY FEDERAL SAVINGS AND LOAN ASSOCIATION in Minneapolis, Minnesota 55402
<br />801 Marquette Avenue
<br />or at such other place as the holder of the note may designate in writing, in monthly installments of Six Hundred Forty-
<br />two and 15/100ths------------------------------------- Dollars($ 642.15-------------- -)-
<br />commencing on the first day of December , 19 83 , and on the
<br />first day of each month thereafter until the principal and interest are fully paid, except that the final payment of principal
<br />and interest, if not sooner paid, shall be due and payable on the first day of November, 2013
<br />and provided, that if the Mortgagor shali ful:y perform all conditions and covenants of this mortgage, then this indenture is
<br />to be null and void and shall be released of record at the expense of the Mortgagor, otherwise to remain in full force and
<br />effect.
<br />The Mortgagor further covenants as follows:
<br />1. That he will promptly pay the principal of and interest on the indebtedness evidenced by the said note, at the times
<br />and in the manner therein provided. Privilege is reserved to pay the debt in whole, or in an amount equal to one or more
<br />monthly payments on the principal that are next due on the note, on the first day of any month prior to maturity; provided,
<br />however, that written notice of an intention to exercise such privilege is given at least thirty (30) days prior to prepayment.
<br />Page 128 of 229
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