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<br /> "` � � 9.Ins�xction. l.ender or iT�igrn��ke reasonublc enr.rir,s upon and inspections uf the Propcny. Lender shall __
<br /> '�'.�' give&�rrower noticc at thc time of or prior to an fnspecUon specifying reasonable causc for thc inspcction. —
<br /> „ . �z 10,Condemnatlan. The proceecis of any award or clnim for damagey, direct or consequential, in connection with
<br /> , . x any condemnetion or other taking of any pan of the Property, or for conveyance In Ileu of condemnatlon, are hercby -_
<br /> assigned und shall be patd to I.cndcr.
<br /> ,,. . ,. � In the event of a total taking of th� Pro{�rty, the prcx:eeds shall bc applied to the sun�s secured by this Security
<br /> , ., ;� Inrtrum..nt, whether or not then due,witl�any excess paid�o Borrower, In the event of e partial taking of the ProPerty in
<br /> � which the fair market value of the Property lmttiedistely bcfore thc taking Is equal to or greater than thc amount of the
<br /> ��;��^`^�`�� sums secured by this Secudty Instcunxnt fnuttediately before the taking, unless Barrower a��Q I.ender otherwise agrce in -
<br />_� wrlt(n�, the sums secured by this Security Instrument ehall be reduced by the arnount of the prceeeds multlplied by the
<br />� followtng fraction: (a)the rotal arnount of thc sums secured ircstediatciy before the taking,divided by (b)the fair market
<br />�,.,- valuc of the Property immediatcly 6efore the taking.Any balance shall be paid to Borrower.In the evcnt of a partial taking
<br /> of the Property in which thc fair market valuc of the Property immediately before the taking Is less than the amount of the
<br /> � snr�u secured Imrnedistely beforc the taking, uuless Borrower and Lender otherwise agrec in writing or unless applicable
<br /> � � law otherwise provides, the prceeeds shall be applied to the sums secured by this Security Insuutnent whether or not the
<br /> _;�;:� , sums are then due.
<br />=r ��: • If the Pruperty is abandoned by Bonower, or if, afrer notice by Lender to Borrower that the condemnor offers to
<br />'',; ' make an awazd or settle a claim for daznages, Borrower falls to res�ond to L,ender wltliin 30 days after the date the notice
<br />�• .. is given.Lender is authorized to coll�ct and apply the proceeds,at tts option,eirher to restoration or repair of the Property _
<br />?`� �� � or to the sums secured by this 5ecurity Instrument,whether or not then due.
<br /> Unless Lender and Bonower otherwise agre�in writing,any application of proceeds to principal shall not extend or
<br />���r••'��. st ne the due date of the monthiy payments refoned to in pazagraphs 1 and 2 or change the ar►x�unt of such payments.
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<br /> 11. Horcower Not Rdea.scd; ForbearAnce By Lender Not a Waiver. Extension of the tlme for payment or
<br /> t ' T- Ynodification ot amortizstian of thc sums secured by this Security Instrumeat gran!eti by I,ender to any su�;ccssor�n interest _
<br /> � , :.� � of Aorrower shall not operate tu release the lisbility of the orig�nal�orrower or Bonower's successors in interest. I.ender
<br /> `� '�����= shall not be required ta commsnce proctedings against any succxssor in (nrerest or refuse to extend dme for pa ment or
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<br /> - ' otherwise madify amortization of the surns secured by this Security Insuument by reason of any demand e by the
<br />-'=�.�;T�M odginal Borrower or Bonower's successors in interest. Any forbeazance by Lender In exerclsing any right or remedy shall
<br />=r��:- 'r•: not be a�vaiver of or preclude the exercise of wi�right or remedy.
<br />_;;�_�:� 12. Successors and Assigns Bound; Jomt and Several Liwbility;Co-signera. The covenants and agreements of
<br />- - this Security Instrucnent shell bind �utd benefit the successors and assigns of Lender and Borrower, sub'ect to the
<br />��:k�� provisions of paragraph 17. Bonower's covenants and agxeements shell be'oint and several. Any Borrower w�o co-signs
<br />�:"''�'�`' ' thls Security Instrument but does not execuce tha Note: (a)is co-signing th�s Secuxity Instrument only to mortgage,grant
<br /> ;�;;,�?; # arid convey that Borrower's interest in the Fcoperty uader the terms of this Security Instrument; (b) is not personally
<br /> �+• obligated to pay the sums secured by this Secunty Instrument; and (c) agrees that Lender and any other Borrower may
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<br />�i�?�•:� ,, agree to eftend, modify, forbear or mal:e any accommodations with regard to the terms of this Security lnsttument or the
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<br />�J. . . Note without�hat Borrower's consent.
<br /> r,,.•�;:=;;.� i3. Lown C:6Ar�ai, if�he Iaan sc�:urc,i uy tiiis Sa,u►ity Ir,�tramc:nt i� oabj�t ta w!a� •�hic�s sa�° m^,�l.mu.*n l�an
<br /> ;;.,,;�_.'r"_,_,�;,�.> charges, and�hat law ls finally interpreted so that the interest or other loan charges �ollected or to be collected in
<br />��+.� conneation wi�h the loan ex c e e d c he pe r m i t t e d l i m i t s, t h e n: (a) a n y s u c h l o a n c h n r g e shall be reduced b y the amount
<br /> m__, _�� necessary to eeduce the charge to thepemutted limit;and(b)any sums already collxted from Bonrower which exceeded
<br /> 'y'�;w�:°"� permitted hmtts will t►e refunded to Borrower. Lender may choose to make this refund by roducing the principal owed
<br />_�;,,�__,-�� under the Note or by rnaking a direct payment to Borrower,If a refund reduces principal, the reductton will be treated as a
<br />�;;;,,,�r�� parlial prepapment wlthout any prepayment charge under the Note.
<br /> _-�f.�,�� 1�. Notices. Any notice to Borrower provided for in this 5ecurity[nstrument shall be given by delivering it or by
<br /> Q.��°-,��,�� malling 'st by first class mail unless applicable law requires use of another mediod. The notice sh�ll be dirxtod to the
<br />-..�„�,Q�;��� Property Address or any other address Ac>rrower designates by notice to I.ender. Any notice to L.ender shall be given by
<br />_���,� first class mail to L.endcr's address stated herein or any other address Lender designates by nutice to Borrower.Any notice
<br /> _._~_=� provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided
<br /> —_�° in ttds puagraph.
<br /> --='F"�°�• 1S. Goveroing Law; Sevcrabllity. This Security Instniment shall be govemed by fedcral law and the law of the
<br />��a���� Jurisdiction in which the Property is located. In the evr,nt that eny provision or clauae of this Security Iastrumcnt or the
<br />-;���:.�:-n�; Note cflnflicts with applicable law, such conflict shall not affect other provisions of this Security Instcument or the Mote
<br /> - which can be given effect without the conflicting provision.To this end the provisions of this �ecurity Instrument and the
<br /> 3ilE :���'�;�. Note are dxlazed to be severablc.
<br />=-�s; 16. Borrower's Copy. Borrower shall be given one conforcned copy of the Note and of this Sxurity lnstttunent.
<br /> 17. 'ItansRr o[the Property or a Beneticial Interest in Sonower. If all or any parc of the Pcopaty or nny
<br />'-'-�!`�:�Y... interest in it is sold or transferred (or if a beneficial interest in Bonowcr is sold or transfernd and Borrower ts not a
<br />�—�'`��:_.'.'= natural person)without Lender's prior written consent, Lender may,at its option, require immediate payment in full of all
<br />�� siuns secured by this Security lnstrument. However, this option shall not be exercised by Lender if exe*cise is prohibited
<br />�;„��..,;..�,�,,: by federal law as of the date of this Security Instrument.
<br />�;:��� If L.ender exercises this option,Lender shaU give Bonower notice of acceleration.The notice shall provide a period
<br /> •-�-•-�.•,��.. :� of not less than 30 days from the date the n�tice is delivered or mailed within which Bonower must pay all sums�ecured
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<br /> . Form 9028 9/90 fps��-�1
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<br /> '' BANKERS SYSTEMS.INC.,ST.ClOUD,MN 6�3U2 11•800397•23411 FORM MD•1•NE 2/6191 �T
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