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Resolution 8879
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Resolution 8879
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Last modified
6/25/2019 10:08:27 AM
Creation date
12/20/2017 4:44:29 PM
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MV City Council
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Resolutions
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Example Loan Document 2 <br />[Space Above This Line For Recording Data] <br />MORTGAGE <br />DEFINITIONS <br />Words used in multiple sections of this document are defined below and other words are defined in Sections 3, 11, <br />13, 18, 20 and 21. Certain rules regarding the usage of words used in this document are also provided in Section 16. <br />(A) "Security Instrument" means this document, which is dated <br />together with all Riders to this document. <br />(B) "Borrower" is <br />Borrower is the mortgagor under this Security Instrument. <br />(C) "Lender" is The Economic Developement Authority In and For the City of Mounds View <br />Lender is a public body corporate and politic and political subdivision of the State of Minnesota <br />organized and existing under the laws of Minnesota <br />Lender's address is <br />2401 Mounds View Blvd Mounds View, MN 55112 <br />Lender is the mortgagee under this Security Instrument. <br />(D) "Note" means the promissory note signed by Borrower and dated <br />The Note states that Borrower ewes Lender <br />Dollars <br />(U.S. $ ) plus interest. Borrower has promised to pay this debt in regular Periodic <br />Payments and to pay the debt in full not later than <br />(E) "Property" means the property that is described below under the heading "Transfer of Rights in the Property." <br />(F) "Loan" means the debt evidenced by the Note, plus interest, any prepayment charges and late charges due <br />under the Note, and all sums due under this Security Instrument, plus interest. <br />(G) "Riders" means all Riders to this Security Instrument that are executed by Borrower. The following Riders are <br />to be executed by Borrower [check box as applicable]: <br />❑ Adjustable Rate Rider <br />❑ <br />Condominium Rider <br />❑ <br />Second Home Rider <br />❑ Balloon Rider <br />❑ <br />Planned Unit Development Rider <br />❑ <br />1-4 Family Rider <br />❑ VA Rider <br />❑ <br />Biweekly Payment Rider <br />❑ <br />Other(s) [specify]_ <br />
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