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<br />• q I` / ~ i C^? d/ ~ ~ 1st ..da o April. ....... .., 19.77...., a
<br />~' ~ •. i U;.~7151 ~Itt~EIt~ti1E, .ilnde th,a ............................... . - y f•-• C. +f
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<br />f i {s•q 'Y".`' John 0. Koontz and Gladys A. Koontz, husband and wife, + .
<br />.............................................................................................................. ~ I
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<br />v Minnesota
<br />i Ramsey f
<br />~' +r o/ the Count o .... -..---_ . ...................................and State o .........--.......--....-................-.., Mortgagor.....
<br />- U f ...............
<br />.- .... ........
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<br />+ i•irst State Bank of New Brighton •-••
<br />~ and ......................................................_ .........- --•
<br />.... I
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<br />.._ .-.-._. .Mortgagee,
<br />-Minnesota ...... .................... s
<br />"~ +~ ? + ' a corpowtion under the Iowa o/ the State af. -• • ~ s
<br />r` ~ ~Vrtnesseth, That the said ntortgagor.s, zn conatderation o the ,
<br />fi' ~ r"- i TH.IRTY SEVEN-_Ti~Ot~kp'D-_4ND NO/100-------$371000.00-•--`-----------....-...-.DOLLRRS,
<br />y ~ t` i 81cm Of ..---
<br />[; ! {o t-tem-, in hand paid by the satd aortgagee, the receipt whereof is hereby aoknowledged,
<br />+, •
<br />s„ ' r' i ~-:: do ...hereby Grant, IJargain, Sell, and Canvey unto t]ce said 1.lortgagee, its suoceasRa~Send assigns,
<br />f ~ • ' ~ Foreacr, a!1 the frost........ or parcel-....... of land ly,ug and be,ng to the County of ...................Y.
<br />.r tt and Stale o/.lli+znesota, daseribed as Jollowa, to-wit:
<br />N~. ., t ~ t ~~ , G) ~ 1, .
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<br />j.y + ,t~ That part of the Southeat '~, Section 20,.Township 30, Range 23, 4 j .i
<br />~ a. i described as follows: Beginning at the intersection of center
<br />3< § lines of State Trunk Highway No. 8 and State Trunk Highway No.
<br />~ %t `~ }' f: 100, thence Northerly along said center line of said Highway No. 8
<br />• ~' `/ ~ a distance of 618.53 feet for point of commencement of land to be ~ , ~• or
<br />, ~,
<br />~; described, thence Southeasterly at right angles to said center .line , f
<br />'fi 9 7 of Highway No. 8 for a distance of 34 feet, thence Northeasterly
<br />s s t 1~ at right angles to last described course for a distance of 50 feet
<br />fi ! i, I [hence Northwesterly at right angles to last described course (and ,
<br />}~ j ~ ~ being parallel to first described course) to a point in the center +
<br />.~: es 8^`~ f .line of said Highway No. 8, thence Southwesterly along center line of
<br />~ y t+I! ~~ / j said Highway No. 8 to point of beginning, subject to roads. ,
<br />+( i ~ VVV•••~~~/_ `his mort,age being recorded to correct description on Doc. #192404.
<br />,; ;.} ~tPj '•;ortgage lax was pair; as evidenced by Receipt No. 484491, dated April ,}S
<br />,[i; ~ >' e ! 13, 1977 in the amount of $55.50. 1
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<br />- ~ ~ ;f: i T•o llave and to. Hold the Same, Together faith flee hereditamereta and~appurter,aneca
<br />i~ t ~ thereto bclangi re g, to t)te acid mortgagee, its successors and assigns, forever. .Ind tJte staid mortgagors.. .
<br />ir. ~ /or......themeselves, their heirs, admirtistratora, axecutora and assigns, do........ couenwtt ~
<br />~'e ~ with the said mortgagee, its aucccasyra and assigns, as follows: That.:.they are. .. lawfully seized of
<br />1
<br />a s s ~ said premises and haYe... good right to sail and convey the same; that the same arc free from• all
<br />• .................. i
<br />' ~ ~ ittcumbrancea .............:........_...-..-.-....-..-.....-...-.-.-..-..-.............-.............--....-.....-...-.-....-.
<br />' < I .................. .......-
<br />Yi7 s .. ................_.....--.......-.-...........-.-....-...-....-.. ..._. ...-..-.-...-....---.... ...... ....-...........-...................,
<br />t ! Ueat the rnorlgagee, its successors arFd assigns, shall quietly enjoy artd possess the same; and that tlec ~f'
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<br />~' f ~ ~~ ~ mortgagor........ will iVarrartt and Defend the title to the same against all lawful claims not herein-
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<br />y before specifically excepted. heirs,
<br />f < Provided, Nevertheless, That if the aairl rttortgagors., :..Yhemselvesy-•-thai;:'~-•••• ~•-••~
<br />' s adnu:nistratara, executors or assigns, shall pay to the said mortgagee, its successors or ?nOLLdIIS, '
<br />, ~ ' ! sum o/.-TkllT<TY..SE.VEN.: TSIOL'SAND••AND..NO/•IOQ--•~^_.•._.•^"--.._•.--'-.-•----~~~
<br />. 1 t ~ ! according to the tattoo o/....L1taL..c.erizin ..................pritaeipnl prorntssory toots.... of euan date )sera- ! +
<br />/ " uith due and payable,, in monthly installments of THR-tsE HUNDRED EIGHTY-SI% AND 37/100-- /
<br />~"~ ,Y'! _--DOLLARS ($386,37) commencing on the 1st day of May, 1977, and on the same day ~•"~
<br />y : t' i of each month [hereafter up to April 1, 1992 when all of the balance owing hereunder°'
<br />'' { i shall be due and payable. All payments eo made shall be applied first to accrued
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<br />y ~ [ ' on the unpaid balance of
<br />i vetutcintercat thereon at the rate of 9if ----Per cent yet nnnum._-_--------- '--"--"'
<br />~ - a ~ ~ ~rincioal to d~.>rg_4~.P.s~X~D.t~nsi_[be1LCi1-_gr~ns;,i•p-al.-_~----- --------
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<br />f; h ~? ! executed bq the said mortgagorB_.., and payable to said mortgagee, at its office in_NEw.-B.r1K~ +-~~
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<br />'~ ',• I t '~ i and shall repay to said mortgagee, its successors or assigns, at the times and with interest as heminnftcr specified, all
<br />;yl ~'t.,. ~•? ! sums advanced in protecting the lien of this mortgage, in payment of taxes on arid. premises, insuranco premiums covering ,r
<br />;% ' ~ ~ buildings thereon, principal. or interest on anq Vrior liens, expenses and attorney's tees herein provided for and sums
<br />' y :j advanced for any other purpose authorized herein, end shall keep and perform all the covenants and agreements herein
<br />G ~ ~ ~' ~ contained then this deed to be null and void, and to be zelcascd at the mortgagor's expense. ~ 7
<br />r / .I is., '~ I pND T1IE SfORTGACORS_., for themselves1• their_____.- heirs; adminintratore•and executors, do.._._
<br />I ~' ' ; 1• i ~ itefebq covenant and ague with the mortgagee, ita.aueceaeora and aaelgne, to pay the principal sum of money and interest
<br />4r ~ as above specified, to paq all Lazes and aeecaements now dvo or that may hercatter become liens against said premises
<br />~t~ 7• - ~~i ~ at least ten Jaya before penaltq attaches thereto; to keep any buiTHIRTY S~ E'1 THO S s~rDed by companies approved
<br />,' ~-1u -_~ly T~-j~f11~5I'_'Doliara
<br />`~ I $ ~ by tba rnorlgagea agaiaat load by fire for at least the num of ____-_-_ -•-
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