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<br /> , � " .°< 9.InspecNon. LendGt or its agent ma�y make masonnble enuIes upon and inspections of the Property.Lender sh�ll �
<br /> give Borrower noticc at e of or prlar m an inspPCdon�{�ng reasonable cause for the inspecdon. --
<br /> � 10.Conde�aaati�n.�e pracoeds of uuy uwartl or efnlm�'or dem�ges.diroct or consequendul. in connection with '
<br /> • � p A =
<br /> . ti,� any condemnatlon or other taking of any part of tbe Property, or for conveyaace in Ileu of condemnati�n. are hereby �
<br /> assigne�l and shatl be sid to Ltader.
<br />, _ � .;,.. ]a the event of�tot�l takin�of tbe IPreperty, the pmceeds shall be applied w the swns secured 6y thla Security
<br /> . Instrum�ent,whether or not ttten due.w�th excesa paid to Barrower.In the eveat of a pardat takiag of the Prope�ty in
<br /> ' '�;�' which the faic taarlcet velue of the Prepeny tely before the t a k i ng iaeq u a l to or greater t han t he amoua t o f We _
<br /> sums secw�ed by thie Securlty r++ar•+�t immediutely before the taW�g. ualess Berrower and I.eader otherwlse agree ia �
<br /> .� writing, tho sums securcd by this Security Iasnument shall be reduced by the emount of the proceeds midtiplied by the �
<br /> `►�'�' . fOuOWIAg f[&Ct10A:(o)�he total amount of th�sums secured inunediately before the takiag,dlvided by(b)the falr marlcet �
<br /> vatue of the Ptn�rty immediately before the Any baleaoe shall be paid to Borrower.Ia tbe event of a pactIa!taldng
<br /> `• � af the Propettp in wbich the fair market valae of e Pmpesqr e�nox;distely befo�We taking is less than the amow►t of tbe
<br /> . �►. sums secured immediately before the tektn$.untess l�ur��+r¢r a�sd lQUder othe:wise a�+ee In wdtiug or wiless applicabla ,
<br /> law othenvlse provIdes,the prnceeds shall be agpiie�ro tlte s�rs secured by tbIs Securlry Iasuument whether or aot the
<br /> � sums at�e Wen due.,
<br /> If tho Property is abandonc�cA by�osa+owen.or if,aftLr u�aice Dy B�ender 4o Homanves eCat t�e svadzr,r�9r ogfers w
<br /> � make an awand or settle er claim th�r dam�,�ges.HQrrower fails to mes�oz�d to Lender within 3�dayr�aS�x s�7e�d.�¢t�ecce
<br /> ia g[ven.Leacder is authar�2ed to om➢��c4 aatd agply the pmoeeds.at ite optton�either to restoaa¢ica�r re�aix�F ulte IPtr¢�¢xe�r
<br /> . or to the sums securetl by this Seciuity IInsttumEns,whether or�3 then due.
<br /> . . Unless Imder aad Bornower otheivVise agsree ln writimg,anY BPP�catlon of pmceeda to priacigaIl sba19 t�us ea,te�va
<br /> -_�_ _':ga� posr�e the due d�te of the monWly paymeuts re�e��r�d to ia p�a��aad 2 or dwnge the am�uat off su�Ha��. .
<br /> � Il&. �orrower Not R+deassdi Forbearaa��e�y II.e�d�sr,.ot a W�iv�. S�tensIon of t�e dme ffws�,�^�`•na v�u.
<br /> ,>.,F��,q..�, ' m�dn�Cation of amortl�ion of the s�tns securod by tleis Seeutl granied by I.easiec W any sus�cessor im n�"�t
<br /> eis
<br /> og�urr��rer shaU n�ot operate to release the llability of th�e oai�uaal�Borrower or Bonrower's suo�ssors 9n iaterest. L�u��
<br /> .; .,�. st�all not be required W commence pm�eedinga s$au�st a�,Y sbc��ssor in interest or refi�se t�¢xcend time for pm o#
<br /> othaiwise modii�r emortization of the sums seruaed�by t�1s 5�urlty+Insumne�xt b reasoa of any dema�ul e by the
<br /> eax y
<br /> o�iginal Bomower or Bairower's successors jn iQ�.Any ihrbearance by Len�der in exercis�g any rl�e ma iea�edY shs11
<br /> `.,��� •' aot be a waiver of or prec2u�theexenise ot anq right oi remedy. . .
<br /> {„ �. !2.Suca�ors tmd,�1�Boundi Joint end Sevaal LiabSljtY: �si�pnes. 1he Qov¢nants and ts of
<br /> � this Secudry tnsaument shaU 6ia��and benefit the succ�ssors and assi of I.eader and.�orrower, su ject w the
<br /> ,�.�:�,.���- provislons of 17.Bormwer's wvenants aad shall be oiat and severel.Any Bon+ower who co-signs
<br /> ;�::_ - d�s Socurity ��tn�but does aot e�cute the Note: a)is oo-signing Se�vrity Ins�u�t oa1y w�ortga�e.granR
<br />_�..w;:::� aud oomey that Bomower•s interest ln the Pco rt����nder the terms of this Security In.�tcument: (b) is aot personaUy
<br />":*�__'�_ , obligated to pay the svms se�ured by tbis Secun t v.Y�s`a q r�t t; and(c)agcees that I.ender and any other Botrower me�y
<br /> ag�to extend.modify.€orbear or make any acoom�vda4lons�vith regenl to tne ternn�or'thls Security tnsaurnent os t�sa
<br />-='3�'�� N o t e without thai Bon+ower's consent •. � .
<br /> sent. �
<br /> ,�::�m;=;�;� Y3.Loan��es. If the loaa secured by tia�s'S�urley' 3nstiument is subject W a law ahicb sets maximum Ilactm
<br /> •-�_�;y� , c h a r Bes. a n d t h a t l a w�s fi n a l ly i n t e:g r e t e d s o t h a 4•p h e �a t e c e s t o r o t h e r l o a n c h a r g e s c o l l e�t e d o r t o b e c o l l e c t��1 i n.
<br /> --n,,,w,,,=� connxtion wiW the loan exceed the peimitted laHaias, thea: (a)aay such loan charge shsll be reduoed bp tbe,e�aant '
<br /> -_.-r.�� r . n e o e s s a r y w r e d u c e t h e c h az g e t o t h e g e r m�u a l l�i s; a n i l(b)a n y s�m s a l r e a dy a ollected&om Boreower�3s�.o� . e
<br /> - ' pemnit0od Iimits wlll be relimded to H orm�v¢t. lf:�udcr psaY choose to make t b i s refund by r�tuc�ug �h�_�prlac��t�Qt�t,
<br />---� under the Note or by m�lcing a directpay�ent to.�',�prpn�!er.I�a refit�d�duce5 prtncipal.t�e«ductton�11 i�ttleated;ti���i�
<br /> =:;�b,�+=, P�P�Pay�a t without aay�prepayment ebArge ii�xr the Note. • �' �
<br /> ::-.�;t� 14.Nottas. Any aotix w Bomowerpr�vid.et3 for in this SacurIty Instnuneat shall be ven�by delivering it of±�+1 .
<br />�.:.�-�.��.� mailing it bS► first class aosil unlessappucable la�v:�use of another method. �he no�ce shsll 6e dic+�x�w t�e
<br /> --_�=.:�f�� Fmperty Adinss or any ather address Bomuwer dc�dp�tes by notice w I.eader.Aay notice w Ixnder shall be givea by
<br />-�------ first class mail to Lender's address stated hereia ar�ey other address Lender designates by aotice W Iiorrower.Any notice
<br /> --- - pmvIded for in this Secudty Insuument sball be deemed"to have,t�an 8lven ro Bomower or Lender when given as pmvidod
<br /> ' in thie paragraph. '
<br /> -- !S.GovaaSng Lsw;S�werabiHty. This Securiry Instnmoeat sh9U be govemed�yr federal!aw aad the law of the
<br /> --- - � �usdsdiction fn wi�ich the Pmpercy is located.In the event that any provtsion or clause a�this Securit3►Iasu�m�nt or the
<br /> � , ou conflicts withappHcable law.such conflict shall not affeat other gmvL4ions of this Saauity Iast�uu�ent or the Note
<br /> - , ` whtch caa be giv�effect without We ooutlicttng p�ovision.To this end the provisions of tLis S�►{nsavment and the . -
<br /> _- •�� � , Note are declared to be severaAle.
<br /> _�="`�:�4<, ,;,. 15.Borrower's Co . Houdwzs sii�ll be vea one oonfo�d w of tLe Note and of this SeCUriy Lskua�cnt.
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<br />---__~�=-��� �. ,..:�; 17.Transta oi the Prope@y�¢cr a &a�dW Tataeat in Borrowa. If all ar any part of the tProperty or any
<br /> =-=-- -,•—� . ,, iate�rest in it is sold or tran3ferced(or if a.beaefclal intetest in Bornower is sold or transfenied and Borrower is not a
<br /> a 3fer ed
<br /> .-- °�`�'u== �. napuaZ pe�son)without Lender's prtor wriuen o�nsent,L�der may.at fte option.re4uire immodiste Payment in iull of all
<br />.� ., :sua�secured by this Security lnstcumeat.Howevtr.this optton shall noi be exerclsed by Lender'if ea�sc is purohibitad �
<br /> � .�y federal laa ss of the date of this Socutlty Insta�maent. ,.
<br /> ---,,,-�i�f If Leader exercises W3s opNon.Leader shallg�ve Borrower notice af aooeleradon.'!he n�ce.�aU'pitovIde a period
<br /> ,_�--�-.n:f�«-4:, ��r� of aui:#�s thaa 30 days from the date the notice is dellvered or mailod wIthin wLic�Boirocv�r g;rms��ay all s�ms secured
<br /> -_=,,,..�"�,,.`� , . .. .!,Pv��a:�?�1�8 8l90/p8ge4uf81
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<br /> -1. ,s, . 8AN%ER9 SYBTEMS.iNC..ST.CLOUD.MN 6880211.80Cti187-233n1,aOtlan MD�1-NE 2/6181
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