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<br /> 98`� 11Q116
<br /> including tlood�or tlooding,for whicb Lajder requlrea icwruloe. 'lhii inn�ru�oo�ball be n�ainWned in the unounts�ad
<br /> for tbe period�th�t L,enderrequlra. Tbe ipsunu�oe r.arrier pmvidin the intur�nce�hiJl be chaa►by Borrower subJec�to
<br /> I.mdeP� appmv�l which�Il mt be uane�an�bly withluld. If�rrower f�ib to m�lntain covera�e de�cdbed above,
<br /> Ieoder n�y� �t L,ender's option�obt�in oove;�e to protect Iaaider'�ri�hu ia the Ptoperty la�000rdnnoe with p�r�r�p6
<br /> 7.
<br /> All uuur�na policia ud renewal� �tull be aooept�ble to Leader wd �h�ll include � �andard monpge cl�we.
<br /> Leader tball have tbe n�6t w hold tbe policie�uid reaew�lt. If L,ender requird,Bormwer uull proa�ptly give to Leoder
<br /> �11 roceipb of p�id pnm�ums�nd renewal notioa. In the evmt of loa.Borrower�he1t give prampt notioe to thse uuuraaoe
<br /> eurier u�d I�enckr.L�eackr auy m�ice proot of lou if aot mWe promptly by Horrower.
<br /> Unlas l.a�der uid Bocrower otherwIae agree in writing,iasurnnoe proceed�stWl be�pplied to reetot�tlon orrepur
<br /> of tl�e Propecty dam�ed,if tbe reator�tion or repeir ia eco�omic�tl�fealbte�nd L,ender'e eecurity i�not les�ened. If thse
<br /> reataration or repur ia not eooaomically fwible or L,eMer's eecunty would be laseaed, the icuuranoe procad��hai1 be
<br /> applied to th�sums aecund by this Sxurity liutrument, whether or nat then due. with any excac 'pa�d to Borrower,If
<br /> Borrower ab�ndoni tLe Property,or does aot uuwer within 30 day� a nodoe traa I�ender ttut the inmraaoe carriec tw
<br /> offend to settle a cl�im. t6en Leader uuy coUect the insuraooe proceeds. Leader may we tl�pmceedt to re�ir or restoro
<br /> the Property or to p�y suma aecurai by th3f Security Insavir�ent, whesder or nat thea due. The 30-day penod will begin
<br /> wden tbe aotioo is g�vea.
<br /> Urilae I,ender u►d Horrower otherwix�gcee in writing,�ny licatian of proceeds to priucipal shall not ra�tead or
<br /> ne the due due of the monthl groe
<br /> poet,po y psrymeats refared to in 1 ud 2 or ch�e t6e�naunt of the piymenta.If
<br /> under p�ri 21 Wc P[opect�r is�oquued by L,eader.Borrower's t3ght to wy inaure�rx poiiaea u�d pr000eds nsultloa
<br /> from daata�:to tho Progerty pnar ta tbe xqw�cirion s6all p�ss:a li.��r ta ttu extent of the x:au secured by t6is 5ecutit}
<br /> Iwtruakat immediuely pdor to the acqui�ltion. �
<br /> 6. Oacup�ua�. Preurvatlon, Mai�tea�oca and Pi+ute�tion,oi'tbe Pro�; Hoerower'� I.on Ap�liatlo�.
<br /> I.ea�oldr. Borrower ah�U oocupy. eatabllsh, uid uae the Properiy�su Borrower s pru�cipal redideooe within a' drys
<br /> �iter the ex,ecution of thia Security In�tnimeat and ahall oontinue.to occu�y theProp�y u Borrowa's princiywi m
<br /> for�t la�et one yeu�ites.the cWe of ocCUp�ncy� unleu I.ender atl►eranu�groa 3 _n writing� wldch oon�ent�6a1!uot bc
<br /> w�rea�onably withheld, +�unlese exteau�t�ng cinvmstsnces exist which ue beyond Borrower's oontroi.Borrorver�hali not
<br /> datroY. dam�e or impair the Property.'�llow the Prope�ty to dctedorue, or oommit w�ate on the Pmpeity, Bon+owx
<br /> �6all be ia defwit if�n�r lorhiture sction or Prooeedi�nt� whetha�a1v11 or criminnl� t�betun that in�.enc{er'��ood faith
<br /> �udgment oould rault m fodeitiue of We Property or otherwise materWly Lr►�air tbe lim created by th�a Security
<br /> Ia�tn�meat or L�eada's savrity mterwt.Bomower may c�re wch a defiult�nd nin:t�te, n provided in para�rq�h 18.by
<br /> cawing thC �ctioa or ptnaxding w be dismis�ed with a ruliag tlut. in L�eadcr'a good faith dete�minstioo� Practudes
<br /> for6aiwre of tbe Horrowa's int�aat in 2he or other m�oter3W ' of the lien cra�tedby tEis Secud
<br /> . Imocue4eat or�.mder'��ecurity inte=pt.Botrower�ihall�lw be in defuWt if rrower,durinA t6e lan app l fcadon procx�,
<br /> '.' • tve mdq�tlally fiLe or iwocutate infot�tion or�tatements W I.cmder (a failed W�tovide l.eadar witti �ay m�terlLl
<br /> ■ ter
<br /> � nform�tioa)in oodnecticm with tbe lo�e evidencad by the Note� ipciuding.but not limrted to, c+e�raentadame nio�
<br /> Borrowa's ooa�p�nc,y of tbe Propaty x�a priucipal res�daioe.If thii Savrity In�uumeat is on a lea�ehold,Borro��i�6�11
<br /> oomply rvith:all the p[ovisiout of the laae. If Borrpwer�cqui�a,ix tide w tHe Propaty, tbe lea�old arid thr fee titk
<br /> ��11 not meige unieu Lea�der q[ea w the meraer ut tvritins. � �
<br /> 7.'AwY�tlo�ot I.eirdee'�Ri�hte�la tl�Pt+upertr. If Aorrower bils to per[onn the coveaaab ud
<br /> 000tained ia'thi�Sec�rl�+Itr��t. or there u a Ie��1 pioaedl�g tLu msy �nitic�otly �tl�ect I.�mder'� ri b in the
<br /> Peopecty(wch�a pr�eedit�in bankn�r.prob�te. for oondanaMion or forfe�tun or W eutor�ee la�n or.'regul�riom),
<br /> thea L�eader may do md pay for whatevu u neoasuy to protect the value of t6e Propecty imd I.eader's rl�ha in the
<br /> Ptope,�ty. L.eader's �ctions may include p�yia� my auma secasred.by a liea which 1w priority m�r thu
<br /> Lnurnmeot.�pQeacinj in oourt� �tyit�rea�oo�ble auorneya'fea and eateriu�oa tbe Pnopetty tb m�loe repain, AI�
<br /> I.axia may�teke acxion uM�er tWi p�ratraph 7,I�ender doa not hsvo to do w.
<br /> Any�di�buned by Leader�under Wis par�raph 7�tWl becume�dditioal debt o�Borrow�er secnred by t�
<br /> �� �Seauity In�tnia�ent.Unlm Horrower imd I.eader yree to ott►a oerm�of pt�ymaot,tLe�e woouna�11 bar inteiat h+om
<br /> ', 'flie d�ce of d'ubunemeat u the Note rue wd stWl be pryable, with inta+at� upoa notia from Leudet to �orrowa
<br /> .x��Mor�t�e L�wrroe. If L,eader required mort;aae i�uru�ae�u a oondition of m�1da�the low�ecurdd by thi� ,
<br /> Security Laetrumea�.Horzow�er ah�lt p�y tbe premiums required to m�intain d�e morty�te marance:in et[ect.Jf, foc any
<br /> n+MOn. the �aortiaje insuiaooe oovaue requiced by L,ader Lp�et or ca�e� W be �a etfect. Horrower �tull pty tbe
<br /> premiums reqnired w obt�ln covar�e iubaaoti�lly equivakot to the mortjqe inaur�ooe previowly in effect�.at a eat
<br /> �ially equiv�leat to tha oou to Borroa�er of iLe mort�e inwr�ooe previo�uly ia eKect.l4om m altenute moct�e
<br /> inwra approved by t.eadta. lt wb�t�mti�llyeqw v�leot mortp�e inw:aaoe oovaue L not avsil�ble. Bornowror�Ilp�y
<br /> w Lender sad►m�nih a wm equal w t�ne-twdtth of We y�arly awrt�e iuturaaoo pranium boing p�wid by Bonow�er wfim
<br /> ' tbe insu�aoe cov lap�ed or oeued tn be in ei�ect. LRader wiU�oocpt�we�md ntaia dwe peymeatt�s loss iaeive
<br /> ia!ku of nartpj�. Lo� rexrve paymants m:y no loa�x be roqnund� �t We opt�on of L�d�. it mat�e
<br /> �pwana oovera�e(in tbe�mouat�nd for tbe paiod thu i�aider roqairea)Pmvicbd by�n iasurer�ed by Leoder
<br /> agYin becanet avWiMe �od 'u obUuned. Bonnwa�hallp�y tbe prani�u cequired to maiatain nwetp�e imur�ooe in
<br /> effeCt, oc.,1A provide t loet t�aern� tmql the requit+a�t for dwtt�e miwr�aoe ddi in socondlu�oe wrtLt rmy �vtiqm
<br /> ;�grasaaat bctwe�a Horrower�ad Lwclet or�pplic,�bk law. rwm�0� �/�p lp�ps 3 of 6I ,
<br /> lANfEIK lY8TEM8.INC.,fT.CLOUO,MN 5��0211-�Op��7•13�11 F01W f1p-1�NE y6A1 ��Q--
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