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<br /> 9. Inspection. Lender or its agent may make reasonable entries upon and inspections of the Property. Lender shall
<br /> give Borrower notice at the time of or prior to an inspection specifying reasonable cause for the inspection. '��
<br /> 10. Condemnation. The proceeds of any award or claim for damages, direct or consequential, iW connection with '�
<br /> any condemnation or other taking of any part of the Property, or for conveyance m lieu of ot�b� are hereby
<br /> assigned and ahall be aid to Lender. .,.�;�, ��,
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<br /> ttue of the Property, the procee+ds;. ,, . , g�qrit}'
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<br /> 1�,� o the
<br /> � w� =�twise agree in
<br /> �� �_ ° ,�.' s . .; romultiplied by the
<br /> . _ , .:.�n . , �' :.
<br /> . �01��8' � � , ,. . � �g; divi� the fair market
<br /> value of the Pro�etty�mmaliately `°" =' :" �r`� �ce s$atl be paid W Borrower. In the event of a partial taking
<br /> of the Property in which the fair market value of e Property immediately before the taking is less than the amount of the
<br /> swns secured immediately before the taking, unless Borrower and Lender otherwise agree in writing or unless applicable
<br /> law otherwise provides, the proceeds shall be applied to the sums secured by this Security Instrument whether or not the
<br /> sums aze then due.
<br /> If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to
<br /> make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice
<br /> is given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property
<br /> or to the sums secured by this Security Instrument, whether or not then due.
<br /> .�;� ,..� � ..,. . . : "
<br /> _;� et shs�l not operata to'itl�se tbe'1�a6ility of ftie o�i' `$orrower or rrower's s�sois�in intertst: e� '`: `` " ,-
<br /> shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or
<br /> otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the
<br /> original Bonower or Bonower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall
<br /> not be a waiver of or preclude the exercise of any right or remedy.
<br /> 12. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of
<br /> this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the
<br /> provisions of pazagraph 17. Borrower's covenants and agreements shall be�oint and several. Any Borrower who co-signs
<br /> this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant
<br /> and convey that Bonower's interest in the Property under the terms of t�is S�curity Instrument; (b) is not personally
<br /> abl�gated to pa the sums.�ctued by tbas S��a�CTt�+ Iast�tf� that I.en�ic�aad aa}r other Borrower may
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<br /> 1 �r�� ..�� �, �y,�.s � '�� � � $ r, �-. � •.< �:'
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<br /> y . s� t� �e �n`tcrest o�'other lo�tt c e� collectcd �r to �e c�i�ecree� �nt `
<br /> , G�n�tion with the loan exc,eed ihe permitted limits, then: (a) any such loan chazge shall be reduced by the amount
<br /> necessary to reduce the chazge to the permitted limit; and (b) any sums already collected from Bonower which ezceeded
<br /> permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principal owed
<br /> under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a
<br /> partial prepayment without any prepayment charge under the Note.
<br /> 14. Notices. Any notice to Borrower provided for in this Security Instrument shall be iven b deliverin it or b
<br /> . . . . _ _
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<br /> �ravided for in this Security Instrument shatl be deemed to have been given to Borrower or Lender when given as provided
<br /> m this pazagraph.
<br /> 15. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the
<br /> Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note
<br /> which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the
<br /> Note are declared to be severable.
<br /> 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument.
<br /> 17. Transfer of the Property or a Bene�cial Interest in Borrower. If all or any part of the Property or any
<br /> interest in it is sold or transferred (or if a beneficial interest in Bonower is sold or transferred and Borrower is not a
<br /> natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all
<br /> sums secured by this Security Instrument. However, this option shall noi be eaercised by I,ender if extrcise is prohibiGed
<br /> by federal law as of the date of this Security Instzvment.
<br /> If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured
<br /> Form 30�}8�9I90 (page 4 of 6J
<br /> BANKERS SYSTEMS,INC.,ST.CLOUD,MN 66302 11-800-397-23411 FORM MD-1-NE 2/5/91 S�Z}� ���
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