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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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1993-08-24
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MINNESOTA MORTGAGE
This statutory mortgage, made this ________ day of ______,
19___, between _________________, ___________________________,
County of ____________, State of ____________, mortgagor, and
________________, of ____________________________, County of
____________, State of ________________, Mortgagee,
Witnesseth, that to secure the payment of $_______________
(_______________________________________ & ____/100 dollars),
mortgagor hereby mortgages to mortgagee the tract of land lying
in the county of ____________, State of Minnesota, described as
follows: _______________________________________, subject to the
following encumbrances: ________________________________________.
And, in addition to making and including in this mortgage the
covenants and other provisions set forth in the Minnesota Statutes,
or in any future statute providing for a form of real estate
mortgage, mortgagor makes the following covenants and agreements
with the mortgagee:
And mortgagor covenants with mortgagee the following statutory
covenants:
1. To warrant the title to the premises.
2. To pay the indebtedness herein provided.
3. To pay all taxes.
4. To keep the buildings insured against fire for the amount
specified by mortgagee and against other hazards for the amounts
specified by mortgagee for the protection of the mortgagee, such
other hazards being ___________________________________________.
5. That the premises shall be kept in repair and no waste shall
be committed.
6. That the whole of the principal sum shall become due after
default in the payment of any installment of principal or
interest, or of any tax, or in the performance of any other
covenant, at the option of mortgagee.
7. To pay principal and interest on prior mortgages.
If default is made in any payment or covenant herein, mortgagee
shall have the statutory power of sale, and on foreclosure may
retain statutory costs and attorneys' fees.
In witness whereof, mortgagor has duly executed this mortgage.
_________________________
_________________
Witnesses as to _________________:
____________________________________________
____________________________________________
STATE OF ____________________
COUNTY OF ___________________
_________________ personally appeared before me and acknowledged
the execution of this instrument.
Dated: ________________________
________________________________________
My Commission Expires: