|
� /J ' . . '�"'a:.j a_._��__..
<br /> ` .._,• ._ . �3rr�,�. .. . _..,:y,,, .. . . . ' _ '_°`�..�■•_-
<br /> .' ' 'r, ,,aWii<yY.. •� - -14�14yri'�.�'" ,.df.�.....+....�....,:..-�...�w;11ht���'1�"c�F:n.�,� ....__ . .
<br />--'�c'!�;�����. ,.....,......,...
<br />_''Y''�:b.�i.�
<br /> - :.y..
<br /> �.. �.� ?,, sa9543
<br />_�:,.� ��..� ; , . � g • .
<br /> c�.
<br /> ,�, ,t —
<br /> ' ' ����` 9. Inspectton. Lender or ite agent may mak.�reasonable eatrtes upon aad inspectione�f the Property. Lender eball �
<br /> �''��;�.;� give Bonower notice at the time Qf or prlor to an inspcction epecIfying reasopable cause for th�Inspc�ction. ��
<br />_•��� •'�� 10.Condeaanetlon. Tbe proccada of aay awArd or claim for damages.dtrect or conse uential,in connectian wlth �:-
<br /> ad
<br /> '� any condemnatlon or other takin of eny Qart of t�e Property, or for comeyance in lieu a condemnation, are hereby �.�
<br />..;.,'>�x.�' �
<br />,i_,t ;�.., asaigaod and shell be paid to I.en cr. �
<br /> ;;, In the event of a total taking of t�e Property,che proceeds shall be applled to the sums secured by thie Sccudty
<br /> lustcument, wheth�r or not then due,w(th any cxccss paid to Borrawcr. ln the event Qf n partisl teking of thc Property in ��.
<br />_� which the fair mArket v�lue of the Properry i�mrtrcdiaely before the teking iaequd to or greater than the amount of the `
<br /> sum�secured by thie Sxurity Instrument imcnedluely before t�e tekin . uNess Borrower and Lrnder otherwieo agrce in
<br /> m� p
<br /> '�� followiag fract on:��the t ytal amount otf tF�essums ��sxured inunedlatelybhcfore the taking,divide�d by$(b)uthepfa�r myarket _
<br /> value of the PropeRy immediauly before the wking. Any b�lance shall be paid to Borrower.In tha event of a partlal taking
<br />:r��� .�.•.•• of the Property in whtch thc fair market value of the Property lnu�aediately before the takiag is leas than the amount of the
<br /> 4 sums secuced immedtauly before the takiug. unless Borrower end Lender otherwtse agree ia writWg or unless applicable
<br /> a
<br />-;f�:�>-;', law oWer�w1,ise Provides,the proceede shall be applied to the sums sccured by tble Securiry Inatn�ent whether or not the
<br /> .r� � ,_ $���e.lU�'.�4uf..
<br />"�"''�` If the Property is abaadoned by Borrower, or if. after notice by Lender to Borrower thnt the condemnor offers to
<br /> .!�;•..:�
<br />_:�' �� _:. malce aa award or settic a claim for damages. Borcower falls to respond to I,ender wituin 30 days ottcr the date the nodcc
<br />.•; .��� is given, Ixader i3 authorized to collxt and apply the proaeeds,at ita optioa,either to restoratton or repatr of the Property
<br /> v�,_��.:e or to the sums secund by this Securlry Ineaument,whethet or aot then due.
<br />_-��•�_� Unleas Lender aud Borrower otherwtse agree In wrltin8��Y gPPlicadon of procoeda to principal sha11 not eatead or
<br /> ;;��;�„� postgone the duc date of the monthly payraeate referred to In paraBraPhe 1 and 2 or change the amount of such pay�aeuts.
<br /> .�,,-,;•:���� il. Borrowe�r Not Rdeased� Foc�rance By I.ender Not A Waiver. Bxtension of the time for payment or
<br />:: �• rriodificatian of amortizatlon of the euma securod by thls Securlry Instrornenc Sraated by Leader to aay successor in interest
<br />�'�;�t>.`' of Borrower shall aot operate to rcl�ase the liabIlity of thc orlginal Borrower or Borrower's successore in interest. Lender
<br />"��?�;v� shall aot be requiaed to commence proceedinga against any successor ia interest or refuse to extend time for pa nt or
<br /> .tiT—�' othenvise modify amortization of the eums secuced by this SxurIty Instn�meAt by reasou� of eay demand �y the
<br />.-a_;i:.�, ' origInal Boaower or Borrower's successors in inurest.Any forbearance by I.ender in exercising any rlght or remedy shall
<br /> �._.�.�. not be a waivee of or preclude the exercise of aay dght or mmedy.
<br /> �== 12. Suocessors and Assi�aa Bouad; Jotnt and Several LiAbility;Co-stgnere. 'Ihe covenants and agreements of
<br /> ,Y this Security Instiument ahall bind aad benefit the successors and assi of L.ender and Borrower. aubj ect to the
<br />.,;��v:� prov ie i o n s o f pa r a g r a p h 1 7. B o r r o w e r's c ovenaate and a g re ements shall b��oint aad several. Any Borrower wbo co-sigas
<br /> _;1� this Security Insuvment but does not execute the Note: (a)ia co-signing this Securlty Insuument onl to mortgage.grant
<br /> --.;_„� and convey that Borrower s iaterest in the Property under the terms of this Sec��rlry Instrument; �b) is not personally
<br /> -.---_-- obligated to pay the surn4 secured by this Securlt]nstnwient; and (c) a rees that Lender and any other Bonower may
<br /> �--- 4
<br /> ��.�.�.�,� agree to e�ttend�modify.forbear or mako auy i��nodattcsns with rcga. ta ths tetm� flf itsls Se±��i�}+Trctrument or the ,
<br />"'�'�' Note without that Borrower's wnseat.
<br /> 13. Loan Charges. If the loaa secured by this Socurity Instnuaent is subject to a law which sete maximum loaa
<br /> -- charges, aad that law is finally interpretod so that the iaterest or other loan charges collected or to be colla�ted in
<br /> connection with the loan excood the permitted limite, thea: (a) any such loan charge shall be roduced by the amount
<br /> - --— necessary co reduce the charge w theperniitted Itmir,aad(b)aay sums already collected from Borrower wl�ch exceedod
<br /> - permitted limita w111 be refundod to Bocrower. Len�ler may choase to make thiis refuad by reducing the prIncipal owed
<br /> —= under the Note or by making a direct payment w Sorrower. If a refund reduces priacipal,the mductioa wUl be ueated as a
<br /> pardel prepayment without any prepayment charge_uader the Note.
<br /> 14.Nottaa. Aay notice to Borrower provided for ia this Securlty Instrument shall be givea by delivcring it or by
<br /> -- mailing It by flTSt class mail unless applicable law requires use of another method.The nodce shell be dirccced w ihe
<br /> Paoperty Adiress or any oWer address Borrower daignates by nodce to I.ender.Any nodce to L.ender shall be given by
<br /> first class mail to Lender's address stated herein or eay other address Lender designates by nodce to Borrower.Any notice
<br /> ""i psovlded for ia this Securlty Insa�ument shall be dcemed to have been gtven to Borrower or Lender when given as provided
<br /> in thie paragraph.
<br /> 15.Governing I.Aw; SevernbWty. 17iis Secudty Instrument ahall be govemed by federel law and the law of the .
<br /> - jurlsdictioa in which the Property ia located. Iu the event that any pmvision or clause of this 5ecurIty Insuumenc or the
<br /> Note contlicts withapplicable law,such contlict sball not affect other provisions of thia Securlty Iastrumeat or the Nou
<br /> which can be given effect without the contlicting pmvision. To this end the pmvisions of this Socurity Instruirieat and the
<br /> Nou are declared to be severable.
<br /> 16.Borrowa''s Copy. Borrower shall be given one conformed copy of the Note and of thia Socudty Instnunent•
<br /> � 17. 'lY�annsfa of the Prnpaty or a Benef�dAl Interest Yn Borrower. If all or aay part of the I�roperty or any
<br /> inurest in it is sold or transfen+ed(or if a beneficid interest in Borrower is sold or uansfemed and Bonower ie not A
<br /> naturel pereou)without I.ender's prIor written coaseat, Lender may,at its optiun,require immodiate paymen!in flill of all
<br /> sums secured tiy iLis Security Iast�unaent.However,thia opdon shell not be exercised by L.ender if exercise is pmhibited
<br /> -=-� by federal la�v as of the date of this Securiry Instrument-
<br /> ____— If Lender exercises this option.L�ender shall g►ve Borrower aodce of accelerarion.71ie nodce shall pmvide a period
<br /> -_-- of aot less than 30 daya from the date the notice is delivered or mailed within which Borrower must pay all sums secured
<br /> ---,--,�,�j Form 30�8�,$190/pig 61
<br /> -.�:;'s' � I wR
<br /> --'':±�,?',� BANKERS 3YSTEMS,INC..ST.CLOUO.MN 6630Y 11-BOP397-23411 FOBM M61�1E 416r91
<br />.�.1711.�s+^ �'`"�
<br /> r..i'�
<br /> .. . ��
<br />.. �Y
<br />... . I
<br /> `��`1".1..1
<br /> .. -_ ��b� F�
<br /> .
<br /> �;
<br /> •�
<br /> �
<br /> I
<br />
|