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<br /> Inclwling fta�r ar�laulin�,far wl�ic�l.ender roquirea insur�nce.'i'hie insuru�cn abal!bo cealnt�ined in the���u�d
<br /> far tho periodi th�t Laider uIres.Tha iaur#aco curiAr�mvidin tho I�urance Rhdl be chc�en by Bonowa'eubj�t w
<br /> �ee►�fer•s�ppraval wLtch eh� mt bo nare�son�bly v�th1►e1d. It�rtawa� hile to m�inqin coveaq dNCd6ed�b+nn,
<br /> � La�der rnay.ae Ixnder'a optiom�obuin covera�e to protxt Laider's ri�hw in tha Propnrty�n�cusrcl�noe with ps�n�ph
<br /> � ,:,=�~,.=;; .. �� All insuraACO pottci��nd renaw�te shall ba�ccoptsble ta I.endcr a»d sh�tl include a sundud mortge�b clauae.
<br /> Ler�der shsll have the ri bt to hold the policia�d.tenewds.If Lander raryiiee,lt�omuwer�h�Y!prompeiy Yi�+.rw�.�r
<br /> �1,1 rxoipti of pdd pre�unss aed r�xawal notica. In the evant of ion,Sarrawec s�ull�ive prornpt eotkx te the ieuur�ace
<br /> ,�t,. r.�,; :.- curimr end Lender.Lender auy mrke praof of loas if not m�de promptly by Borrowu.
<br /> Unles�I.ender u�d Bc�mower otherwiee aYroe In wdt�n�, inwranoe pr�aceeds elnil be applied to reswntim orrepair
<br /> .:�7,F,;.,^��.;, of the Prope�tydama�d.if the[estoration or repxir ia economically fi�sible mid I�eudet's aecudty ia not Ie�eeAed.If tAs
<br /> ,�,:,,;�;.f .,_. ;o. rostonNon or repair i��not economically fasjble or I.snder a eecurity wovld 6e lesae�ced� the�nauranoa roceeds eluU be
<br /> .Ay..an,�.F.ht f� z
<br /> - � . �:� �PPlied tQ Iha aums aecured by thla Sxwity Instrument�whether or aot tha�due.wiW wy e�ase wi w Horrower. If
<br /> 'a'.,`{.�!,•:_":�'•� Borrower abendons t6e Property�ar does aot aaawer withta 30 d�ys a aotFce from Let�ler ttu►t the incuu�uco cairier lt�s
<br /> ;�,•„�:"::. �"";r_ . offered to eettle a claim�then E.e,�►dur a�ay wllxt the inauranoe pmceeds.Leader m�y uae eM�proceeds to�or rastasa
<br /> :{_. '.: :�..'�.�. the Pt+oporty or w p�y sums secured by thia Socurity Iaabument,whether ar aot tba► due.lba 30�diy pet�od will b�a
<br /> ?:�;. . � '„ a� whea the notice is givea.
<br /> a;�, Uale:s La�der�nd Sarrower othenuise agrae in writin�,auy appIicatlon of proceeds w principd slall not extca�d or
<br /> p a s t p o n e the dua date of the montbly paymeata referad to in piva�rAphs 1 and 2 or change the�ewnnt of the paymeate. If
<br /> •� o;-:..r; uaderp�rsgnph 21 the Property is�cqu�rod by Lender.Bormwer's r ig ht to any i a s u r a n e o po licies s n d p m c e e�s�e s u l d na
<br /> from dsrteaYe W tha Pmperty pTlor ta the acquisition ahall pase ta Leader to the extent of tha sum�secured by this Security
<br /> ,�-` ' . . . , Insqvmatt immadiately prior w tbe acquisit�on. �
<br /> • •• :• ^r 6. tkstspan�y� Preservat�on� M�aintenance and llrotection of the Prope�ty; Borruwer's I.oan AppUatfion;
<br /> • Lease6io!ds.Sorrow�r shalt occupy.establish,and usa liid Propetty as Bormwer'a prwcipal residence wiWin sutY days
<br /> ' after the executIon of this Se�urlty lnstrument and shall cohtinue w occuQy the Pro�erty as Borrowtr's princip�l ees�deax
<br /> ';:.:��:,: � � - for at least c�ae year after tha dwta of occup�acy, unl�I.euder othenv�se agrees u�writiag, whlch conseat s6aD1 nat be
<br /> , „ unreasoaably withhald,or udess eatenuatiag circwn�taices eaist which are beyond Borrower's coatrol.Bormwar sL�ll aat
<br /> _, . destroy�d�nage or impair t1►e Propert�r, altow the Property to detetarate. or conuwt waste on tha Prope:ty. Borrower
<br /> , shaU be in default if uay fodeihue act�on or pmo4edtag,whetber civil or ctiminal,is begun t}�t jn Leadar's good fiith
<br /> • � �iudgment could result in forfeiture of tha Progerty or otherwba nNtaially impair the liea cteatal by this Security
<br /> �nsttuaoent or Leader's secitn �nterest. Borrcnv�er moy cure surb a defaWt And reiastate,os provided in pxragraph 18.by •`
<br /> ty m
<br /> � causin g the action or proceed'mg w be dlseoixsed w�th a ruling th�t, in Lsnder's�ood fe�th detemzinatlon� PrGCludes ��';.
<br /> � ° forfeiture of ths Borrower's iaterest m tha Property or other rt�rial i�mient o f the lien c r a t e d by t l ua S e curity
<br /> Inslrument or Lender's security interest.Berrowar shall also be in dafailt if wer, durin tlae loan appllcation pmcese.
<br /> �aro materi+iiiy f�isa or�accurats iofa�iai':an as�ate�s� !a Leada��es!tu pruv� Lmcln� wtt� anY ��!
<br /> mformation)in connection with the lo�n evidenced by the Nota.incfuding, but rtat linuted w. repre�ttat�ons concarning
<br /> . Borrower•e accupancy of the Pmperty as a prinoipal res�dence.IF tbis Secwity Iastrument is on e le�asehold,Borrower s6all
<br /> comply with all the provisions of the leasa. If Bornowru.scquiree tee tttte to tl�e E'�o�erty.the leasehold ead the fes dde >
<br /> shgl!not merge,unless Lender agcee�to the merger in writins.
<br /> ' 7. Protection of Lender�s'Rights in the Property. If Bornower fails to perfonn the covenants aad a�a meats '�:�"':
<br /> " contatned in this Serurity Insuument, or there ia a teg�proceediag th�t tYxy si�,nifiwady affect Lender's righta la tha
<br /> Prope:ty(such as a proceecling in baalcruptcy,probate. for wndemnad�n or forfe�tune or to enforce lawa or regulations).
<br /> � .. then Leader may do aad pty for whatever is n�ry to protect the value of the Property and I.eader's ri�hts in the •�
<br /> , �. ;�;.,+._..:._•:_..._: Pr�p�+rty. �.�r•s acanns may inclndo payfng eny sums secu�ed by a lim wluc.�. t�e Prionty over tbrs Socadty �
<br /> � �. .�. . Instrumenb sPP�pB�a cowt,RaYiag reasonabte attomeys•fces and enterins on tiw Propaty w make repaire.Althougb _.__2
<br /> ',`�;. Lender nay tnke action under ttust paragraph 7.Lzader doos not have ro do so.
<br /> � , ' ° Any amounts disbursed by LEnder uadar this parascaph 7 shall become additional debt of Borrower secured by this
<br /> � • Security�nstrument. Unless Borrower aad I.�nder agree to oth�r terms of payma►t,thcsa amounta shall bear iptetest hom
<br /> , the date of disbursement at tha Note rate and shall be paya5le, with iacerc�t. upon notica from I.ender w Bomower
<br /> . requestins PaYment. �
<br /> � .�;����� � ' 8. Mortgege ingurance. [f Leader required mortgage insurance as�caidition of making the loan secwed by this
<br /> . , 5eoittity Jastrument. Borrower shall pay tLe premiums reqwred w meint�ia the moK�age tasureuce in effect. If,far aay
<br /> . reason. the �rtortgase insurance coverage roqutred by LetNlet lepses pt Ceases to be in effect, Borrower shaU pay tlto
<br /> , ' premiums required to obtain coverage substtwtislly equivaleat to tha mortgage insurance previously in eff'ect, at a c�st
<br /> :,.i,, substxnti�lly equivalent to the cost to Borrower of the mortgage i�ttTma+prewously in effect, froaa aa alternata mortgaga
<br /> _ lnsvrer appmved by I.ender.If substantiallyeqw valent mortgage in.�ur�ace coverage is not avr�ilable,Horrower shall pay
<br /> ��''•;; ' w Lender each month s sum equal to one-hvelfth of.the yearly mottg+�e insurence premium being paid by Bormwr,r whea
<br /> :t ;�.�� , the insuranca coverage lapsed or ceased to be in ef'fect. Lender wilt accept,use and retain these paymeats as e loss reserve
<br /> - . in Geu of mortgage waurence. Loss resetve paymente may no longer Ue require:l,at tha option of Lender, if mortgage
<br /> insurnnca coverage(in the amount and for the period that Lender requires)provided by an msurer approved by Lender
<br /> �Y � again beeom� available and is ohtained. Borrower ahall pay tha pnmiums required to maintain mortga�e insu�ance in
<br /> ' • et�ect. or to provide a loss reserve, until the requireme�t•for mortgege insurenco ends in accordance anth eny writtea
<br /> . agreement between Borrower and Lender or applicable law.. Form 3q+�e e/ l��yp�s�s!
<br /> ' ��, BANKfR98Y9TEMS,INC.�ST.CLOUD,MN 88JOII 11�80W391•2341t fORM MO•tJ�IE 9B19/ V��� �����
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