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<br /> �:" , tained ia ths amotmta eond �
<br /> =;�j� . inct�ing ttoods or 4laoding.far vsfiich Leuder requires insoraaoa.lbia inso�shail be main ��;F
<br /> e�' = � •: f�r We p�aiuds d�at L�eader '17re ms�ce catrier pmviding the ins�uanoe shaU be chosea by Boriow�subjact to
<br />— ; , _ 1 wiWhetd. If Borrawer fa�e to maintain cove�$ga de�ciihed abo"e� - ",
<br /> ='�a. - Le�der's agpmvel v�fiich not ba un�asanab� �, �in the Fsuperty in acxas�nce with pate�aph : -
<br /> `�` '� 1,�der maY. ai Ixudet's option.obtain cm►e�a$B Pi'o� s:i
<br /> � . .. , 7. 6n I�de.r and sball include a steadasd mo�ge clensd. � � _
<br /> �.. ':: _,:: , -: � _.- All insuraac�e poticies sad r�a1s�a13 be�S — --
<br /> `. t. :'' ; I.�ri d e r s h e l l 1 1 8 v C t h 6 t i�h t t o h old thB p 01tCtC8 8ad tene�Nels-If I�eadS[teQmres.Bottower ShSII ptom�tlY Snre t0 I.ender ` ��.', "
<br /> =�L - all teceipta of paid premiums snd maewal naticea Ia the eveat o f loss,B o�r o w e r s b s U give pro m p t r+o t c o e w t h e i n.g a s e n c� � _ .
<br /> a�.; , , '; ecei! � of tass if aat made p r amptJy bY Borrower
<br /> �
<br /> c a m e s a a d L e a d�r.I.e a d e r m a y �� �b a spp l i e d t o r e s W s a t i o n o rr�a�r � ,`-
<br /> ..,�r` . �,:�.,< . <. Uatess 1.eader aad� �o r e�is e�micallY !e end I.eades's seauity is not lesseaed.I f t h e � .
<br /> of dte PmpEttY dama8ed. sbaU be (�] -
<br /> �-� : . .`: �on ar tepair�s nat eaonomic�lly feas➢ble or Ix,nder's seauity woWd he lessened.the insurence�ptuoeeds
<br /> •.~ � applied w the s�s seaued by tbis Seca�itY In�um�t,whether or noi then dne,with aaY axcesa d w Borrower. If :� _. `
<br /> �,. . �. , Bormw�abaadoas the PropertY. or does not snsver withia 30 days a notice fiom Leader Wat the�ce�ier Las � k : -.
<br /> ' � , offeced w seWe a claim.thea Leader may coUed We insutanoe prac�ds-I.ender may ase the pmceeds to te�air or restoie �`,:. �-
<br /> - ` the Fmp�ty or to pay snme sec�u�d by tWs Seauit}►Instrum�t, w�her or not th�dae.The 30-daY petcad w�1 beSw ',. 'r' .-
<br /> ` . vlhCit 1h8 IIOttC01sgtv e0. '• h -
<br /> j � - Unless I x n d�aad Banower Whenai�e agee ia writing.aaYapplication of proceeds to PriaciPal s�l1 not extend or -^
<br /> 1 ' ` y�ym� hs 1 and 2 or chan the amflunt of the paymeats-If ' -
<br /> . . .. ' ' postpoae the due date of the mn�l ts referre�w in pazagn� � ' .� :
<br /> :�':.�. u�der a�L 21 the Prop�y is acqwred by L+atder,Bor�awe*�s nght to auy insuianoe policies and pmceeds tesalting
<br /> ..r� from�w the Pmperty pnor ta the aa�aisition s6a11 p�to���me�of the su�s�d bY���Y ,Y.- -
<br /> s Instrament'�mmediately prior to the acquisirion. '
<br /> ,`�� 6. Uc�cat�atu.'9+ Pres�rvatinn. Afainteaance and PtnteGion of 4he Pro�iy, Borrow�'s Loan Appliwti�n; _.� -
<br /> _ � e ,.... _;.
<br /> �,�` _ � Le�sehof8s. Borrowet shaU occupy. establish. snd use the Property as Bmrower's piincipal iesideace arithin sixt9 days •..
<br /> ""`� aRer We execution of this Security Insdumeat and shall oontinne w occ�y We Prupedy as Borcawer's principal seside�ce "�,' �T
<br />-=" �4< .. for at least ona yeas after the date of o�cy.untess L�ender otheiwtse aSreea in wn�a8•wLicb oonseat sbaA aot he ;.
<br /> ��: _ ' id,or unless exteuuatisg cirpmost�cea eorist v�hich ana beyond Bomnwer's contcul.Bonow�sLall not , . ';,
<br /> � . .. unreasonably withhe �� t waste oa We ��
<br /> ; . � ;.� destroy �ge or impair the Pm , allow the w deteriorate.ar commi %"
<br /> �r'. . . _._ - shall be in d e�a u l t if any forfeiQue�oa or pmceeting,whet�er ci v i l or c ri m i n a l.is b e g u n t L a t i n�s�g o o d faith • --�.
<br /> 's . . ` ` oould resWt in f o r f e it�ue o f t h e P r o p e rt y o r o t h e n H i s e m a t e r i a U y i m p a i r the lien created by dris Security „ +�-;
<br /> �..,: ` �Inst��umeat os Leader's secun�!���ate�est.Bormwer ma}�aue such a defautt and�+einstate.as pr�vided ia parngraph 18.by �
<br /> ,�; ��'; causiag We adinn or Pmcxeam8 to be dismissed with a niling tLat. in I.ead�'s good feith deo�suon, P�ec �
<br /> ludea =
<br /> -'•� r�` " - forfeiwte of the Bosrower's�atemst in We P�+operty or other material pa of tha liee�cseated�}►�Securi1Y • .;1.'�Z:�;
<br /> �����' •' + sbaU also be in defanit��F�&rr�=o vetr.daria�the laaa spp. p�. .Y�.,
<br /> ,.:. �t or L�des s secwity iateres�BotmW+er ,,,;�..
<br /> .:.
<br /> � }"�:�; • . � � �ave materialiy fat�e or inacc�uate information or statemeatta to L�der(ar fa�ed to�cmnde L�der with aay materisl :
<br /> ,. {,�'�; mformation)in connection with tLe loan evideaced by tha Note. inciudins.but not limrted w.represt�teti°na ooncesnm' g .. ''
<br /> i f.. ' �•G �:.
<br /> . Banower's ocaipancy of the Ptopaty as a priacipal residawe.If this Seairity 1nstNmest is on a leasehold,Bomower abaU . �
<br /> 3:,-. .' { comgiy with ell the provisions of Wa lease. If Borrower acquices fea ti@a w d�Property, the 1�uld aad the fea b@e _�" .
<br /> ���"�..
<br /> 's-- • . shaU not merge ualess I�eader a�to the merger ia writiag. �}��
<br /> �-'�'�'�",•' ' 7. PtoleAion ot I.eud�'s Rig�ts in the P1mpe�y. If Borrower fails to perform the cavepaats aad a �
<br /> � R� -.. ;�
<br /> �;';.�s,� � ��.�,, contaiaed in this Secarity Instsument,or there is a legal Pmceedio8 that may si�uificantly affect Lender s ri ts in the ,, .
<br /> � fi such as a pmceeding ia banluuptcY,.Pmbate.for condemnaaon or forfeituie or w e�fone lawa or regulaHons). �...,r '.���°<.
<br /> „����,�';<, . � ProPeatY( .
<br /> ' then Lender may do and pay for whatever�s necessary to pmtect tha value of the Property and L�endePs n�hte in the . .
<br /> '�.��;, pro l.easder's actions may incluJe I�Y�S �Y sums secuced by a li� whicb das prionty over tWs Sect�rity
<br /> _.f;__?.'
<br /> -•;rf.,���. ' Instm�meat,aP g in caurt, paY�B reasonable attomeys'fees and ea�tering oa We Properiy w make repairs. Althougt► '
<br /> C�;,`;: : � Leader may�on under th�s para h 7,Lender dces aot L ave w do so. ...`": '�
<br /> •.,� .•,.,. . Any amounts disbursed by�under t6is pa�agraph 7 shall bocaa►e addidona!debt of Borrower secured by tLia
<br /> `.�.'�•'�-: .• . ;.•� Sesurity Insttucneat.UWess Borrower aad Lemder agree to oWer terms of paymeat,Wesa amauata shaU bear inter�fmm - -
<br /> •' s:�:; •: the date of disbursement at We Nots rate aad shaU ba payabte, with inte�est. upon notice from L�der W Bomo�wer .
<br /> �k:.�,: . : . .
<br /> '�.�:;: . requesting paymen� e inRU�aace as a oondition of making the loaa secured by this "., .
<br /> ' ?;,.., 8.Mortgege Ia4urnnoe. If L,ender required moitga$ .
<br /> _ :;; ? . . gecuiity Instmmen�Borrower ahall pay Wa premiums requ�red w m�iamin the mortga�e insuraaoe in effect. It.for aay
<br /> reason, We mortgage insuraace coverage required by Lender lapses or ceasos w be m affed► Barrower ahe}l pay tha .
<br /> . :�'%:. . premiums mquired to obtain coverege substantially equivaleat w the mortgage insurunce previously in effect.at a cost ,
<br /> - . . - substaatially equivalent to We cost w Borrower of tha mortgage wsureace prev�austy in effect.from an aitemate mmtgage
<br /> ;.'��.�:s::' , insvret approved by Lender.If substantiallyequ�ivate�t mnrtgage iasuraace caverage ia aot availabte.Boaowes s1�a11 pay .
<br /> ��.°• to Lender each month a sam equal to one�twelftb of the yearly mortgage msitt�auapremium 6eing paid by Bor:ower whea
<br /> .:��,_::� ,
<br /> � the insurance coverage lapsed or ceased to be in effact.Lender wiU accept.use and rets�ia thesa payme�ts as a lose raserva . .
<br /> �f.�:,.•< ', ' in lieu of mortgage wsuraacs. Loss reserve payments may no longer be req�ured,at the opuoa of Lendet, if mortgsga
<br /> �.� �• , , .- iasuraace coverage(m the amount and for tha penod that Lender reqniies)Provided by an w.�uer approved by Lendet
<br /> •� ``'�� again becomes available and ia obtained. Borrower shali pay the preauums required W mamtain�nort8age in�nr��n
<br /> 1' � "' effect, or to provide a loss resetve, uatil the requirement for mortgage insurance eads �n accordance with any writtea '
<br /> '� � . agreement between Borrower and l.ender or applicable law. Fo 028 s/eo/pa � �
<br /> �r.'..��: � �l. ...
<br /> ' t� ' � BANKER9 SY9TEM9.INC.,ST.CLOUO.MN 66302 11•BOG397•Y3011 iORM M0.1dJfl TB191
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