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,/ c; 12-- ~ýý'- éfCf/~ ,/ )1/;c ho.J tvt.Ior;5?v- 7--6 Ç-6 tJ pie 3' 1- ¡t/ £(,;.5<:. ~ I/e ¡/þ¡ rv ~//:s (Space Above Thll Line For Recording Data) MORTGAGE THIS MORTGAGE ("Security Instrument") is given on MAY 3RD 19 91. The mortgagor is MI CHAEL F SCHLOSSER, A SI NGLE PERSON , I FIRST BANK SYSTEM, INC., A DELAWARE uooer the laws of THE STATE OF DELAWA'RE P.O. BOX 1199 MINNEAPOLIS MN 66440 Borrower owes Leooer the priœipal sum of FORTY-FI VE THOUSAND AND NO/10D ("Borrower"). This Security Instrument Is given to COR P 0 RAT ION ' which is organiml am exlsUng , am whose address Is ("Lerder"). Dollars (US.$ 46,000 .00 ). This debt is eviden:ed by Borrower's rote dated the same date as this Security Instrument ("Note"), which provides for monthly payments, with the full debt, If rot paid earlier, due am payable on J' U N E 01 2021 am for Interest at the yearly rate of 9 . 6 0 0 percent. This Security Instrument secures to Leooer: (a> the repayment of the debt evideœed by the Note, with interest, am all reœwals, extensions am modifications of the Note; (b) the payment of all other sums, with interest, advaœed uooer paragraph 7 to protect the security of this Security Instrument; am (c) the performaœe of Borrower's covenants am agreements urder this Security Instrument am the Note.; For this purpose, Borrower does hereby mortgage, grant am convey to Leooer, with power of sale, the following describéd property located In RAMSEY County, Minnesota: ALL THAT PART OF THE NORTHWEST 1/4 OF THE NORTHWEST 1/4 OF IECTION 13, TOWNSHIP 29, RANG£ 23 WEST, PARTICULARLY DEICRIBED AI FOLLOWI: COMMENCING AT A POINT ON THE WEST LINE OF SAID SECTION 13, 1261.96 FEET SOUTH OF THE NORTHWEST CORNER OF SAID SBCTION; THENCE EAIT PARALLEL TO THE NORTH LINE OF SAID SECTION 290 FEET; THENCE NORTH PARALLEL WITH THE WEST LINE OF SAID SECTION 115 FEET; THENCE WEST PARALLEL TO THE NORTH LINE OF SAID SECTION, 290 FEET TO THE WElT LINE OF SAID SECTION; THENCE SOUTH ALONG THE WEST LINE OF SAID SECTION 116 FEET TO THE PLACE OF BEGINNING. which has the address of 2 0 6 6 D ALE S T N (Street) ("Property Address"); ROSEVILLE (City) Minnesota 66113 (Zip Code) TOGETHER WITH all the Improvements now or hereafter erected on the property, am all easements, appurtenaœes, am fixtures now or hereafter a part of the property. All replacements aoo additions shall also be covered by this Security Instrument. All of the foregoing is referred to In this Security Instrument as the "Property." BORROWER COVENANTS that Borrower Is lawfully seised of the estate hereby conveyed am has the right to mortgage, grant aoo convey the Property aoo that the Property is uœœumbered, except for eœumbran:es of record. Borrower warrants aoo will defeoo geœrally the title to the Property against all claims aoo demards, subject to any eœumbraœes of record. MINNESOT A -Single Family-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT Form 3024 1/10 f,.,.,.f I ,.,,,J MNCMT1 4696771