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<br /> ) 9.lnspection. l.ender or its agent may makereasonAbla entrics u�n and inspections of the Property. l.ender sha11
<br /> ' ., give Borrower notice at the time of or prior to an inspection specifying reasonabie cause for the inspection,
<br /> � 10. Condemnat(on. The praceeds of nny awara ar cluim for damages, direct or conse�uential. in connection with
<br /> any coademnation or other taking of any part of the Property, or for conveya�ice in lieu of condemnation, aze hemby
<br /> � assigned and sh�ll be paid to Lender. �
<br /> In the event of a total taking of the Propsny,the proceeds shall be applied to the sums secured by this Security ;�
<br /> I Instrument,whether or not then due, with any excess paid ta Borrower.In the event of a partial taking of the Propercy tn ;.
<br /> � which the fair market value of the Property immediately before the taking is equal to or greater than the amount of`the .�•. ,
<br /> I sums serured by this Security Instrument immediatcly 4�efere the taking, unless Burrower and l..ender otherwise agree in ��,�=vji;�' -;
<br /> writing,the sums secured by this Security Instrument sh�ill be reduced by the amount of the proceeds multiplied by the .:;�,''_�`'.<e=
<br /> following fraction: (a)the total nmount of the sums secur^d immedlately befure the taking,divtded by (b) the fair market -�, __
<br /> value of the ProPerry immediately befo�the takin�.An�balance shall be paid to B�rrower.In the event of a partial taking ���,;�j_u_��__
<br /> of the PropertX m which the fair market value of the P�perty immediately before the takin�is less than the araount of the . �;;ti�_.__.^
<br /> sums secufed immcdiatel;~°�='C tl!P rp4ino unless Boc�rower and Lender otherwise agree�n writing or unless applicable .J�:.: _
<br /> I ��tv otherwise provides, ttte proceeds sha11 be aPP�ied ta�the sums se�uted by this Secunry Insl�uu��i.t wnetuer ar nuc inc � ,_
<br /> � sums are then due. �r�..��—
<br /> If the Property is abandoned by Borrower. or ik',after notice by Leader to Bannwer that the condemnor offers to
<br /> I make an award ar settle a claicn for damages, Horrower fails to respond to Lender within 30 days�ter the date the nottce , � .- —
<br /> a is given,Lender is authorizeci to collect and apply tha proceeds,at its option,either to restoration or repair of the Properry ,_,,:.,, ;,:,
<br /> � or to the sums secured by this Security Instrument. �v6ether or not then due. ���' . "y,%+' __-
<br /> • Unless L.ender and Borrower otherwise a ree in writin ,any application of praceeds to principal shall not extend or
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<br /> ' postpone the due date of the monthly payrnents referred [o in paragraphs 1 and 2 or change the amount of such payments. •;.�:!s•r ��,..
<br /> ' .'� � 11. Bonower Not Y2eleased; Farbearuncel�3 Lender Not a Walver. Extension of the time for payment or ;r<�,;;? ."��-
<br /> � ' �''�• mociificatian of amortiTation of the sums secured by this�Security Instrutuent granted by Lender to any succesaor m interest , '�.. ,; �
<br /> •' '.;�I ' of aonower shall not operate to release the liability of the original Bonower or Bonower's successors in interest.Lender ;��w�;.,:
<br /> �� shall nat be required to cammence proceedings aga�na� .any successor in interes[or refuse to extend tirae for paymeat or �,s:,:,a�.h�
<br /> �• ,' _� `;�� othenvise modify amortization of the sums secured by this Security Instrument b� reason of any demancl mnde by the !�:. ,; .�.
<br />_ ---- -"- , original Borrower or Fsorrawer�S SUl'GC9JUl�iu liiicTca�. �uy forbcarance b�LC=2�C'••:n avarricinoo�ny rieht or romedy shall '�-'s�'
<br /> � not be a waiver af or preclude the exercise of any right or remedy. ,��r� : _
<br /> 12. Successors and Asslgns Bound;Joint and Several I.Iabillty; Co-signers. Tho covenants and agreements of
<br /> this Securlty Instrument shall bind and benefit t�o successon and assigns of Lender and Honower, subject to the ; � '�
<br /> • provisions of paragraph 17. Borrower's covenants end agrcements shall be�o�nt and several. Any Hoaower who co-signs ; ;
<br /> � th�s Securiry Instrument but does not execute the Note: (a) is co-signing this Securit�Instrument only to mortgage, granc �� ;T
<br /> a n d c o n v e y t h a t B a r r o w e r's i n t erest in the Pro p e n y under the terms of this Secunty Instrument; (b) is aot personally
<br /> obliEated to pay the sums secured by this Security In:tNmenr and (c) agrees that Lender and any other Bomower may
<br /> • agree to extend, modify. forbear or make any accommodations with regazd to the terms of this Security Instmment or the � .� .
<br /> Note wlthout that Bonower's consent.
<br /> 13. l.oan Char�es. If the loan secured by this Security Instrument is sub,ject to a law which sets mautimum loan
<br /> charges, and thc+t law is finnlly interpreted so that she interest or other toan charges collected or to be collected in
<br /> connectlon with the loan eaceed the peanitted limita. then: (a) any such loan charge shall be reduced by the amount
<br /> � nec�ssary ro reduco the charge to thepermitted lirnir, and(b)any sums already collected fmm Borrower which eaceeded �
<br /> �, pertnitted Umits wilt be refunded to Borrower. L.ender may cl�oose to make this refund by reducing the principal owed ���—
<br /> ' under the Note or by making a direct payment to Borcmwer. If a reft�nd redusxs princIpal.the reducHon Hill be treated as a —�y
<br /> 'r partial pnepayment without any prepayment chargc under the Note. L`''"
<br /> 14.Noticev. My notice to Borrower prov�ded for in this Security Instrument shall be geven by delivering it or by _
<br /> � mailing it by first class mail unless applicable law requires use of another method. 'I'he not�ce shali be directed to the �;�,
<br /> Propetty Address or eny other address Borrower designetes by notjce to Lender. Any norice to I.ender shall b�given by ���;'.;—
<br /> " f irs t c l a s s m a�l t o L e n d e r's address stated herein or an y other address Lender designates by notice to Borrower.Aay notice ;�,.{.:,.
<br />- provided for in this Security Instniment shall be deemed to have been given to Borrower or l.ender when given as provided ����•--�r-�..�
<br />�. �,.r�.s�+s.��,�
<br /> - in this paragraph. {'•;.,�}�-
<br /> ,��. 15. Governing Law; Severability. This Securiry instrument shaU be govemed by federal law and the law of the ,..
<br />- " jurisdiction in wiuch the Property is located. In tho event that any ptnvision or clause of this Security Instn�n►ent or the '� -
<br /> Note co»flicts with appticable law, such conflict shnll not affect ether pmvisions of this Security Instnunent or the Note , ,�,�,�__,,.
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<br /> which can be given effect without the conflicting provision. To tliis end the provisions of this Security Instnunent and the , _.�.,a�.��rk
<br /> - Note aze declared to be severable. '2�.�v _�`°-��
<br /> 16.Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this 5ecurity lnstrument. ,; t�
<br /> 17. Transfer ut the Property or a Beneiidai Inierest in Borrower. If all or an mt of the Pro rry or an �
<br /> Y P pe Y . - �4• . ��,
<br />' intGrest in it ts sold or trunsfetred (or if a beneficial interest in Horrower is sold or transferred and Borrower►s not a .�;��r� • - �'
<br /> natura!person)without Lenaer's prior written consent. Lender may,at its option, require immediate payment in full of all ;'z`����;='.,,�:�,;;. '`��- '
<br /> ... � sums secured by this Security Instrumcnt.However,this option shull not be exercised by Lender if eaercise is prohibited - "'�r'!.:�:•t"•.�,��...
<br /> ,: �;; by federal law as of the date of this Securiry Instrument. �
<br />_ If Lender exercices this option,Lender shall give Borrower notice of acceleration.The notice sh�ll provide a period t
<br /> oF not less than 30 days from the date tt�e notice i�delivered or mniled within which Borrower must pay all sums secured , . _
<br />: Porm 302 9! fpage o�l .,�_ i
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<br /> .- BANKENS SVSTEMS,INC..6T.CLOUD.MN 50302 11�800�397•23411 FOA►1 MD•I NE 2/5/91 . �
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