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<br /> . � including Ilocxls or flaating, fnr which Ixndcr rcqulr�n inKUr�ncc. '1'hiy InPUrancc nhall bc maintnlned in thc amounts and _
<br /> _-,;:.w-�"+�-. for U�e{�eriaie�h�t I,endor rrqulrri. 7'hc In�urance cwrricr rmvidln the Insurance 5hall be chosen by Borrower subJect to
<br /> _`. .�'.'��•,:: l.cndrr'e approv�l which ehull not Ix� unrc�x��n�hly wl�hhcid, If�rrowc-r fwils to mainteln covcragc Qescritx:d abovc,
<br /> '_ . . l.ender may, et l.ender'n ohilon, ��hlnin cover�Re��+pr��i�r:t IAnder's rightr►in the Pro�x.rty in accordance with paragraph _
<br /> ��' 7,
<br /> ?•'*°'� � � All Inaurance �Ifcien �nd trnewwlN rhetl tx ae:crptHhle.�n IAndrr w�l ehall include a standard mongage clause, _
<br /> ���� l,cndrr ehaU have the rfght to hold thc�►Ilcic� wnd rencwwlM.It I�nder reyuirca,[iorrower ehall prom�tly give to Ixnder
<br /> _a� all reccipts of pnid prrmlum9 end reurwel n���ir�•x. In�he event�►f IoxN, Ik�rrower shall givc prampt naace to the insurance
<br />— -_—r*� cerricr�nd l.endrr. Lrndcr►tu►y mQce pnM►f uf IuwN if nu�nuwk prump�ly hy Anrrower,
<br /> ''"'" � Unleea l.ender end BonY►wcr o�harwl�r wgr��c In writin�, incurenca praeedi Rh�ll tx wpplie:l to restoration or re�aft
<br />__- of the PrAperty dutwgrd, ff�hc rrator�Uon or i��pwlr IM�ti��r��micell� fr�ulkiic and I.ender's scxurity Is not Icssened. It thc
<br /> • rcatoreUon or rrp�ir Ix not rcon�►mlcally I'eariblc ur I.ci�le�'i r�xurllY WOUId I►C IC6SCIIC(�, the Insurance proceeds shall be
<br />�' - ' applial to the aums srt:urccl by thlN tictiurRy In+trun�:nl, �whethrr nr not then duc, with any exces+ �rnid to Borrower. If
<br /> Boaawer ebandone the Pm�rty, Of IIUCA INII NIfNWI'1' WIIII�II�I)IINyN A fIDIICC from l.ender that the �nsurance carrier has _
<br /> ' �"".. offercd to settle a elaim,then lander nu�y coll��:i�he insur�nce pr�wcti�cln.landcr may use the prex;e.�edR ta repair or restore
<br /> �A::�:y j. thc Property or to pny sum.��:un�l hy �iiin ti�tiurliy im�nwxm, w4cthcr ��r eyot ti►cn duc. 'Y'I�e 30•day period will bcgin
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<br /> =��+lTldt..;ta. when the noNcc Is given.
<br />--=:?a�v"•. , Unless I..cndcr ancl t3orrnw�cr olhcrwlsc��Krcc In writ inµ, cnry ap►IlcuUon uf prcxecds to principal sh;►11 not cxtcnd or
<br /> `_����`�� �t ne the due due of thc monthly p�ymmtr nl'err�a!tn in pru� r�y►��1 �I 2 or chu��e tha wnount ot the payments.!f
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<br /> i��'�,�..�y un�fer pu�graph 21 tho Proprny Is�qulr�ct hy I..ender,Iic�rmwrr�►i�ght ta�ny ins�ruxe policla�nd proc;eeda re�ulting
<br /> -_=��:+,.x from dunage to thc Pmpecty prlor t�Ihe�qul�iUou�h�ll�»u�to I.�rxlrr�u�he catcat of the suma sec:urod by this 5ecudty
<br />�=��y Inatrument imm�di�tely priar to the�qui�lUon. ,
<br />-_��'�`-�_ � 6. Occupancy� PreurvAUon� MMinten�nce and f'rotectlon or�ne �ro�+r: ibrrower� LoAn Applicntion;
<br /> "-�'"''�;;: I,e�el�oldr. Bonower sh�ll occ:upy, ewt�blitih, �nd uu�;�hc Prc,{xriy ae fiorrower F principal cesldence+vitl►in slxty days _--
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<br /> -:� wRer the executlon of thie Security In�truit�nt wxl�h�U continur to a:cupy ihr Proprrty n�I3orrower's princlpal residence
<br /> n�
<br /> v:;;?�� •r•;• for at least one yesr after thc date of acup�ncy, unlRU LeMl�r otherwiw�grae in writing, which constnt shall not be
<br />=����3;.�� • unreasonpbly withheld,or unleae rxtenuatfng cin:unwta�xex exiHt which rre beyond Borcowex s cor,trol. &�rrower shall nut
<br />-���� destroy, damage or impair the Property, allow U�e Pro�xrty to drtcrioa.e:,or commit waste on the Property. Bonower
<br />-:�vs����� sha11 be in default if any forfeiture actlon or prncaviing, whethcr civil or criminal,is begun�hat In LAnder's good faith
<br /> Judgmrnt could result in forfeiture of the Pro{xny or o�herwlsc nwteri�lly impair the lien creAt��d by this Securlty
<br />_«.��,;�.j Instrument or L.ender's security interest. F3orruwrr may cure nuch w default�nd rrinaute,as provideci in paragraph l6,by
<br /> _�,;�_ causing the action or proceeding to bc diamtsscJ with a ruling that, irx l.ender's goal fAUh determtnatiou, precludes
<br /> forfeiture of the Bonower'A intercst in the Aro�rty or o�her material 1�npA�mttnt uf ths Ilen created by thts 5ecurity
<br />�=i.,���� lastrumcnt or Lcnder's security inter�at,Borrower shall alsu be In drfault if Hc�rrowcr,during ihe IoAn appl�cation procesa,
<br /> '-" gavc materially false or inaccurntc intomtation or sta�a��m� lo l.ender (ar f'ailcd to �rovide Lxnder wrth any material
<br /> �'�;_=,.�,�yya� inforn�ation) in connxtion with the loan evidencrd by ihe Note, Including,bui not Iim�ted to, repreeentatlons wnceming
<br /> -___--_--- 8orrownr'e uu:uNna,�y uf th::i'�p:rty aa a p:lr.�lp�.�•�!�!__^.;e. !t?!�!!�ur�iy Instrument le on a leasehold�Rorrower stull
<br /> -- comply w{th all the provislons of the letissc. IC Borrower �quires fee tltle io Ihc PropGrty, the lceaehol�i and thc fee dUe
<br /> —�� shall not merge unleas Lender agrees to the mergrr In writing,
<br /> --- 7. Proteetion ot Lendar'� Rl�hb In the Nroperty, If Fic�rr�wer f�lla to perform the c:ovenAnts and agtt�ments
<br /> --�-�--- contained in thie Security Instrument, or therc ie o legd proceeding th�t mny elgniflcantly wffcet I.ender'e rlghts in the
<br /> ------- Propercy(such es a pra:a�ding in bankruptcy, probate,for condcmnAtlun or t�rfriturc ur to enfon;e law�or reguletione),
<br /> - ------ then Lender muy do and pay for whatevcr is ncceas�uy to protec:t the valur, of the Proprny and I.ender's rights in the
<br /> -- -�--�_-� Propecty. I.ender's actions rnay include paying any sun�s s��;urecf hy v licn which ha9 nrlority over this Security
<br /> — — Instrument, appearing in court, paying reasoneblc attomeys'fce�and cntcdng on thc Prop�:rty to tnakC rcpairs. Although
<br /> __--�,�� Lender may take action under this paragraph 7. Lender doc�not have to do w.
<br /> Any amounts disbursed by I.ender under this pupgraph 7 shall become �ddttlon�l drbt of Borrower sccured by this
<br /> - - Security Instrument. Unless Borrower and Lender agree to other tcmu of pryrnent.�hcse unounta shall bcar intereat from
<br /> - = the date of disbursement at the Note rate and shall bc paysble, with interrsl, upon noticc from Lender to aorcower
<br /> roquesting p�yment.
<br /> — 8.Mort���e Insurance. if Lender required rnortgage insurancc a�o aondition of m�king�he loan sec:urcd by this
<br /> � — Security lnstn►ment, Borrower shall pay the premium9 required ta�naintain the mongaQe insurxnce in effrct. If, for any
<br /> � reason, the mottgage ineurance coverage reqwred by Lendcr lapses or ceasea tu be in effect, Borrowcr shall pay the
<br /> "Ys� premiums requfred to obtain coverage substantially equivalent to the mongage inaurance prcviouely in effect, at a coat
<br /> - —•; substentially equivalent to thc cost to Borrower of thc mortgagc in.rurance prevlausly in etfc�:t,frum an aUcmetc mortgage
<br /> `��;�;� insurer approved by Lender. [f substantially equivalcnt mongage insurana coveraar iy nat wvail�blc, Borrower shall pay
<br /> to Lender each month a sum equal to one-twelfth of the yeazly mortgage in�urance prc�nium bcing paid by[iorruwer when
<br /> ���°�;.,_� the[nsurance coverage lapsed or ceased to be in effect,l.�ender will xccrpt,use a►ul retain ther�payments as a loss rcaerve
<br /> -- �—== in Ileu of mongage insurance. Loss reserve payments may no longcr bc requlrcci,�t thc opNon uf I,cnder. If nwrtg�ge
<br />:—��n�� insurance coverage (in thc amount and fur the pedcxl that LenJcr requfres) providcd by An Inaurcr approv��d by Lender
<br /> • ��: agAin becomes availablc and is obtained. Borrower shall pay ►nr n�rm�u� requited to rnxintaln �rwrtgage insurana in
<br /> ' -�� ��°a•' effxt, or to provide a loss reserve, until the requiremrnt for nwrtgage InsurRncr ende in ac;curdance with a��y wtittrn
<br /> - �;?�,"�"�,��
<br /> agreement betwcen Borrowcr and Ixndcr or applicable law. Porm 3oZd eiYO r�,sy.3 0l sl
<br /> ���� EANKERS SVSTEMS,INC.,ST.CLOUD,MN 6EJ02 Il•fl00•997•p7A11 FORM MD•t•NE t/6181 --�
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