5.1. HRSR 05-02-2005 - Laserfiche WebLink

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owed to Mortgagee by Mortgagor, unless (in the case of any such advance or indebtedness) Mortgagee has otherwise agreed in writing; provided, however, that notwithstanding such provision, Mortgagee shall not be obligated to make any such advance or to permit or suffer the creation of any such indebtedness. 26. FIXTURE FILING. From the date of its recording, this Mortgage shall be effective as a financing statement filed as a fixture filing with respect to all goods constituting part of the Mortgaged Property, as described above, that are or are to become fixtures, related to the real estate described herein. For this purpose, the following information is set forth: (a) Name and Address of Debtor: MDI Limited Partnership #70 1600 University Avenue Suite 212 Saint Paul, MN 55104 (b) Debtor's Tax Identification Number or Social Security Number: #41-1898788 (c) Debtor is an organization (d~ Type of organization: limited partnership (e) Jurisdiction of organization: Minnesota (f) (7rganization LD. Number: (g) Name and Address of Secured Party: Housing and Redevelopment Authority in and for City of Elk River 13065 Orono Parkway Elk River, MN 55330 (h) This document covers goods that are to become fixtures. 27. WAIVER OF MARSHALLING. Mortgagor waives and releases any right to have the Mortgaged Property marshalled. 28. SUCCESSORS AND ASSIGNS BOUND; NUMBER; GENDER; JOINT AND SEVERAL LIABILITY; CAPTIONS. The covenants and agreements contained herein shall bind, and the rights conferred hereby shall inure to, the respective heirs, legal representatives, successors, and assigns of Mortgagee and Mortgagor. Wherever used, the singular number shall include the plural, and the plural the singular; and the use of any gender shall apply to all genders. All covenants and agreements of Mortgagor shall be joint and several. The captions Development Name, City LMIR-Combination Mortgage, Security Agreement and Fixture Financing Statement 15 Dev. # Date