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<br /> %�,�`. . . . -r',�,• . ' waa �w.n���c `•a =
<br /> ���' '3` ',� . . ` � � ZLia insaiance sHal�be maiutained in�rCilunWw'��� . •r •4• 'c•,.
<br />_ _ �,��,':..� �mcluding t3oada�s tT+oodiag.,for�ie�,����r gt,��g�e;„�„n,�shali be chos�6y Borm �a��
<br /> . ` ����v� noi be�sonably wI��B��in the PmpertS►� r���P�h ' ..
<br /> Y T,epQBt t113y+ffi a+CndEt'B��+ObtB�II DDV�tAgB t0 p1�0 .4 � . .
<br /> , .`: aad sball incinde a atant�l mortg�Se clause. .
<br />- ` ' .�` . 7. ' . A l l i a s u�n o e P o l�c i�a n d s�ewals be le to Leuder �`' ,
<br /> ::�,y� �re�I f I,e n d�c�•E o i r o w e r s h a U D�yw the iasu�anoe
<br /> �`.,'. ` : Leader si�aU have the rIg�t to h�xd the policies ,
<br /> �,� �°:`:..:�,,�'�'.``y all ceodPts of Paid P�nms and reaew'al n�otioe�.In the event of toss�Bo B���ve promPt : : .._` _
<br /> � ` .caaier a a d I�n¢e r.Iender ma7►malce pmof of Wss if not made gramP Y b3►
<br /> in wtlting,��urance�m c�d s stiall�e a p plied to�estoratEaa or�epair
<br /> . ;�,��: Unle�s L�der anfl Boaower o t heia►ise agt+ee�is�misa]I feasibte aud I.ender's se�It�+is not lesseued-I f the
<br /> � Qf tl�F�rvP�Y��+i f t h�r�s t o r a i�o a o t r e p a�r � would be I e s s e n�c l.t h e�s u r� ��our�.If ' =
<br /> �_ fe�st'62e or t�'s a�nty +
<br /> restosat�on os tegair�s not�c�Y , ��or not thea due.with�y�g� �° `
<br /> _ . :° � � ''7 aPp i�e d w t h e sam�s�b Y�8o�t answer within 3�d�Js a n o t tce f r a m l x n d e r t L a t W e m s u�a n c e ca�ier has , �
<br /> y � b� . , _
<br /> . .-. �' , go�rower abandbns thQ PruPenY+ m a collect the insurance P��.L�ender maY us�the pmc�eeds to rs�a� '.'��=-
<br />_° . ```�°. :,, offer0d w settle s claim.t6em Leadee Y t w�thec or aot ihen dne.The 3 Q-d ay per� _.�_..�
<br /> . ' �p��y�r to pa�r soms s�us�by tbis S�titY Ins�um�.� � � a1 sbai2 not c�oead or ` • _
<br /> when tHe nattce is g�►�- Iication of gmc�eds to PrinciP :
<br /> �� ' Unless Leuder eud Bormwer athgswise ag�e m wri�n8+�Y _ 1 aad 2 or cd�ge the amoupt af the paymeats..if '
<br /> .�?_�--_= ._- �:°�" . po§�oae tiie due date of tl�mo�tY FaYme�ts�����Wet's ng�tt to aa�y insmraase Polici�8nd pmceeds result�r►8 �
<br /> h 21 the Propert3►��� of the sams�bY this SesaritY ' , �' ':�`;
<br /> ' • ;` ,. s j' ��a�the Fm�eerty pnor acqu�ba s�all Pass to I�er to thE ext�t � ;, _,:^.
<br /> rt `
<br /> ,'� . lnsamo�t�Y I�or to the acqni�tpa- Borso��s�a�i t h i a s i x t 9, � • -'�R
<br /> ' 6. OauPa�9+ P r�v s 1 i o n, M a i n t e�o e m i d F r o i�t ian of t�Proper3y�• ,v _
<br /> and use the FropeRY as Bormw e�a p r i n c i p a 1 �rescdence '� '
<br /> -. , '. .. Lea�eh�Ids:Ho��i�.establssh, � as Boaawei's Dri�p �,�,:���
<br /> � after the e�c�ion �������e a��writin8�which cansent shall not be ::` f:
<br /> f � ` '�'• f a r at l�one Y��T ths date of accupancy, �are b e y a n d Borr�w23's comuol.Bouo4vver shall nat ,--, ,
<br /> � `�� � ��1°1y vvithhelcR°Z�ess��a1law�na4d���deseriazatr,or c������0 g���r �---�'—''p
<br /> :. �,� �� :;�.. • destroy;�g e crr� ��aarua proo�8 wh�et's�1 or crI�al,�s be�am � �.. ' t ,';' -
<br /> ��,.� , =,r'• s�all be in det�it ifanq forfeitcr� � ' air t�e lien cre� �Y
<br /> � ' canld�esvit in forfei�g���Y ottiesrwisa��Y���P'�star��P,���� �Y i,`r
<br /> , � , � ��.or Ixnder,s����' , ma caie sucd� ia Lender's guod Iades
<br /> �ttie action or S So be dLmadssed mth a mliag that, �of tite iiea�1s�tttis 5�ttitY� �; f
<br /> ` • • farfeituie of the Bormwet's intetest ia thc PmPe�Y or other materlal �� p the tuan appucation prar�ess. r�� �
<br /> . - , Inst�ent or Lender's se�utY ia�.Bo:tower shaU aLso be in defautt if Banower,d�ng ' : •_ _-
<br /> • �ve matesia]IY false or inaccutate infasmation or s�Dem�� Lender(obut not 1 m�d m.rep���oas c oncesni�� ��
<br /> info�ma�On)�n ca�Oa with the lo�avide�i�I�If this S���is on a te�ehOld,Boaower sesu �':;;.� .
<br /> : Bnrrowec's os�p�7+of tice Pr�Pert�+ P� . �i��:
<br /> � the Ieasehold aad�he fes tide
<br /> � I f� oomp ly witlt sIl the prov3sians of the tease.If Borsod�er anNires fee dile to the Progerty. _=
<br />_ , '�f``` . °• . shaU aot merge�mteas I�uda a�w t$e mesges ia writin8• =-_.
<br /> , If Borrower fails to perfonn t�e covenants and =w,,
<br /> • 7.<Pcote�tmn o4 Lgade�s�tlghtss in�e ProDert9iocee�iing thatmay si�'caatiy affect Lender's ri ts�a the �__.
<br />_. . � � . contalne�ln tLls SecusitY I a s�t,or th�re is a tegal p �:
<br /> " snch es a prooeeQing in baakcuPt�Y•Probate.for cond�mnaSoa or forf e T t u r e o r w���;8�m tghe - -
<br /> �P�Y(
<br />-- � ,• �en Leader may do�d QaY for ahatever is a�a�Y �Frot�the valne of the PropertY �..-
<br />- ., . . . ptoPerij►. Leadcx's actious may inciude pay� aay sums secured bY a Iien whicL has prlortty aver�Ai�� -.
<br />-- . Inserumeat.appearta�in caeut.FaYIaB reasoaati e attomE.7s' fces and eater�ttg on the Sicopertp to make rep �=_-,
<br /> , . � L,ender may�ake.acxion under tlus paraBraPh�.Lendec dnea not have to,do so. , �� -
<br /> Aay amouate disbtused by Y��der undet�F��7 shall becume addit�onal debt of Borrower sec�red by tbis � f,
<br /> Unle�s Borrower and L'ender agcee w ot�er terms of pay��.these amflunts shall bear interest from �
<br /> . . " �ty�t. n nodce from Lender to Boimwer
<br /> `;,�'' • . . the date of disbursem�at ut the No�e rate�d sbaU be paS►�le. with interest,up� ��°�
<br /> . ;. r e q u e s t i a�pa Y m e n t. . the loan secozad bY this - _
<br /> � 8.Mastgsge Y�OSeaenae. If Lender r e q a l�l m a r tga�e i n s��c e a s a c o n d i t l o n o f m a l d n g f
<br /> - : .:'� g e�i t y I n s u a�n e nt,Borrower s�e}l pay the premimms required to maiataia the mnrt e insuraace in effecc. 1�. or anY E �♦:
<br /> � �son.the mflrtgage insuraace wverage r�b y L e n d e r w the�mast e�ins�rance Pn us1Y�in e f fect. a�a ao s t ��`
<br />- � • pr�niwns required to obtain coverage sobstaadallY equivatent r�evfously in effect,frnm en atu�rnate mortgaSe �„� ....,:
<br /> � �..� .; snbsteatiatiy equivaIe�nt to the cost to Borrower of the mnrtgage insurance p p
<br /> , ' � ins�uer appmved by Leuder.If aubstantiaUy�valent mort�ins�uance��p is not availab�,�8�Borraw��he�n. �'-�
<br /> _�,,'' ., � to oae�twel of t�e S�artY Sa� remiu�beiaS P ��a loss reserve
<br /> � to Ltn.der each month a sum eclual
<br /> , , the insurance coverage lapsed o:cease8 to be ia effect.l.eader lo�������o��Lender, if�urtga ' �'�'T:_
<br /> _ ' � � .. . in lien of monga�c ins��. I.oss reseive payment�way g rovided by an iasur�r aPFraved by�
<br /> - �• ' � insurance covetage(in the amount and for the Period tbat l.eader ret�wtes)P �t;p msmtaia�tSaSe insurance m. . � �
<br /> _ , . ap,ain beoomes available and is obtained.Boxrawer shall pay the pre�niums requir -- _-.
<br /> t for mo�tgage insurance eads in accord�e with any ariuen ��'�'
<br /> � , „ effecc,or w provide a loss resetve,untU the requiremea .
<br /> , . agreement between Borrower and Leader or apglicabte law. Form 302e 9l90 fPeSe 3�o�1 J . .. '
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<br /> �. . gAf�Epg b'Y5TEM9,INC..ST.ClOUD.MN 8830411$06397•23411 FOtiM M61NE 418191 .
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