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<br /> , "„ , S. HAUw'd or Property Insurs�nce. Bom►wcr.hull kcep�hc impruvrn�cm+m�w exiwting or he�cuticr erccted an the
<br /> -, • Ptnpcny inxund uguin�l lozs by iin:,hsvard�includcJ wilhin the icnn"ex�enikd cuvcruge"unJ uny othc�hwurds,including �r�;'�
<br /> � fla►d���r flcxxlfng,G�r which I.end�r rcyuir��in+urancc. Thi� in�urunrc +hall hr muiniuined in thc umoun�x und for Ihe „M�R
<br /> periada Iha�I.cn�lcr reyuircx.Thc insuruncc curtirr prmiding ihr imuruncc�hull Ix rhusen hy Borcower suhjeci�u Lcnder'x
<br /> . upPmvul whi�h xhull not he unrwxiMUbly withh�ld.lf Hurrower fuil+lu muin�uin cuvcrugc deurltxrd ubove,lxnder muy.at ���;:.�.�_ -�-------
<br /> :�• -. -_------ l.ender'+option.ubtuin coveruge tu pratec�lxnder's riFh�s in thc Pm�xny in urcordunce with purugraph 7. ,
<br /> �� All inxurunce puhc�eti und ronewul. �bull tk �cc�p�ah�c �u 1-endcr and�hall inrlutle n +tanJurd morlguge cluuse. • •- =�_ - _,,,_ _
<br /> l.cnder xhull huve�he n�tht to hold�hc�C►licieti und renewul.+.li'L.cnder rcyuirc,.Burrower shuU pn►mpUy givc�a I..cnder ull . ,;i°.='� -
<br /> �eceipt+.of paid premiumx und renewu l natire.. In�he eve m uf'los�,Surmwer+hull give prnmpt nuuce to thr in+urunce � :_-,___
<br /> � currier und l.endcr.Lendcr muy muke pnn�f nf loss if not muJc prnmpUy hy Borruwer. ''-
<br /> Unlex.Lender und Borrowrr utherwise ugrre in writing,m�uruncrpra:eeds shull br.upplied�o restorution or repair __
<br /> , of Ihe Pruperty ds+muged,if the rea�oration ur rcpuir ir ecanom�rully feusiblr und l.�nder'+scrurity iti n��t Iesxened.If the _
<br /> re+lorution ar repair is nat ecunurnica l ly feusi h le or I.e n de r'.secun�y would he I�.seneJ, th� in�urancr pr�xeed. shull be '°." .
<br /> upplicJ to�he xums secured by thi�Sccuriry Instrument,whethcr ur no� then duc,with uny excesz puid tc� Bnrrowcr. If •,.,,:.�•�-- �
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<br /> BoROwer abundcmc thc Propeny. or d�x:s nut an.wer within 3U duyx a n��ticc from I..ender thu� thc rosurunce cumer hu. _ ,,_.,
<br /> '� offer�d to M:tde u claim,then l.enJer muy cullert the in�urunre proceeds. l.ende�muy ur,e the pnx:eedx tu r�puir or rcnture �,,._,__
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<br /> the Propeny or lo pay wms+ecured by th��Security Inxtrunient,whrther u�not ihen Ju�.Th�3(1•duy periuJ will begin whCn � s.�,�._
<br /> the natice is givra. �'•-�-�r
<br /> ' Unlevx l.ender und Bixrower o�hrrwi,c ugrcc in writing,uny npplica�ian uf prcxeedti�o principul.hall na ext�nd ar ;_,,, _
<br /> ' , postpaae�he due dae of�hc monthly puymentx referred�o in pu�ugrAphx I anJ?or chunge�he amount of tb�payrnentw.lf ,� �'.w.: -
<br /> under purAg�s�ph 21 the Pmpen� is ucyuired hy I.endcr, BoROwer'ti right io uny in�urunce pulirie,und prcx:eeJs rehulting
<br /> r from dumngr tu Ihe Pruperty pnor to the acyuisiuon shull pacs�o l.�nder to�hr extent ni'�he xumx secured by�hin Sccuri�y _ :
<br /> � � Inslrument immediutely pnar li�Iheacyuirition. T—�--
<br /> � 6. Occupancy. Preservatlon,Mainlenance And Proteclion of tbe Properly; Borrower's Loan ApplkAtion; "r�`;'��
<br /> Leaseholds. Burmwer shull�xrupy.e,rrblish. und utic �he Pn�rty i!s Borm�+'�r's pnncipal residencr within s�xly duys � ._ .
<br /> ufier the execmion af thix Security Instrumenl und shall continuc to ixcu�y thc Propeny us Bonower's principul residence �:,�:_
<br /> for ui Icust onc yrur ufter thc dute of�xcupuncy, unless Lendrr othcnvisr agrees in wnung, which conr•c�nt shull not 6e __
<br /> unreaxonuhly withheW.ur unlesx rxtenu�tin�;circumstunces exisi which arc Ixyond Borrower'x contral.Borrower ,hull nrn �
<br /> .. destroy,dwnugc��r impuir the Property,ullow�he Propeny w detcriorute,or rummi�wux�e on thc Prc�prny. Bom�wer shull _
<br /> .' he in defuult if uny forfeiturc uction c►r prcxeeJing,whether civil� criminul.is hegun thut in l.ender's g«xl faiih judgmem .,;..
<br /> coulJ reault in forfeiwrc of�hr Pro�rty or otlx�rwise muteriully impuir Ihe licn creuted by �his Security Inslrumen�or ;�;,�,
<br /> Lender'��ecuri�y in�crez�.Borrowcr muy cure.urh u default und rcinstate,us prmided in parugruph 18,by cnusing thc action ;��.:�
<br /> or praceeding to be dixmizxd with u ruling th�t,in l.endcr's g«xi fai�h Jetermmation,precludcs i'orfeiturc uf the B��rrower's
<br /> in�erest in the Propeny or other muteriul impairment of the lien rrcuted by thi�+ Security Instrument or l.ender's securiry �
<br /> - - inisre,t. Rorrowcr shall�l�:o be in dePuult if Rorrowcr,durinE thc loun upplicu�i�►n prcx:css, guve materiully fal�e ar _��_�
<br /> � � , inACCUrute informu�ion or s�a�ementx lo l.endcr(or fuiled lo providc l.ender with uny mutcriul intormotian) im m�ncc�ion --�i -
<br /> ' . with the loun evidenced by the Nok, inrluding,bu�not limi�ed a�,represenuuions cnnceming Borrower'�o�:cupancy of�he �
<br /> Property us a principul residcncc. If this Security Imtrumcn�iti on u leaschold.Borrower zhull cumply with ull the pruv�sions � `
<br /> of the leuse. IP Be�rtnwrr ucyuires fce tide to thc Proprrty.�he Ica�cholJ und the fee tiUo�hult not merge unless L.endcr agree+ �
<br /> to i h e merger in wri tin g. •
<br /> 7. PrMeclbn of Lender's R(qhlR in the Properly. If Burt��wcr fuilx to pert'orm�hc covenanlx unJ agreementti ; '�`•� ;
<br /> con�uinrd in �hiz Security Inx�rument,or there i,a IeFul procceding thut may .igniUcuntly ufl'ect Len�kr'x rights in the � i
<br /> Praperty Isurh ns u procerdin�in bankruplry.prob•rte,tiir conJcmnutinn u�furfeiwrr ur to rnforcr laws or re�ulwiuns►,then ,y��,',.
<br /> L.ender muy do und puy for whutcver i� ner�xsury Iu prolect thc vuluc of Ihc Prop�rty und l.ender'.right.in the Property. � �
<br /> l.�:nder'x uctionx may include paying any.umx xcrun�d by a licn which hati prioriry�►vcr thi,3crurity In�trumcm,uppe:�rmg � t
<br /> � .. � in coun,puyinF rcasonablc uai�mcy�'f'ecs aad rnlcring on thr Pm�xAy to muke mpuir+.AUhough L.�ixler may t�ke action i
<br /> under this purugruph 7,L.c�Jcr d��nM huvc w do ui•
<br /> � Any umoums disburud by I.e�nder under thix parugraph 7 xhall Ixcomc uddiiionul Jrbt ot'Burtower sewr�d by this `
<br /> Security Instrument.Unlctis Rorruwcr unJ Lr�xler ngmr lu��thrr Icmix ot'paymcnt,thr.c umounts.hull tnar intcre.t from the
<br /> ' dute of diabunemcnt ut the Nnte r�te und r;hall hr payuble.with imcrcnt,uFxm nwice 1'rom Lxncler ro B��rrower rcques�ing l
<br /> • . .puyment. �
<br /> 8. Ma't�a�{e Insurance. If Lender rcyuireJ morlguge imuruncc a� a condilion of makinE the loun ucured hy �hix !
<br /> ' Security Instrumenl.Borrower+h•rll pay tlx:pr�m�umx rcyuircd to mi�iiNain�he mnngaE�imur,mre in effect.If,for uny reu+on. �
<br /> the martgugc insuruncc covcrrge rcyuircd by Lender lap+r.or cra+c� tn i+c in cffccl.[3ort��wcr shull pay the premiums rcyuimd
<br /> w obtain coverrge xuhctantirlly rquwulrn�li�Ihr mort�uge insurancc pnviauJy in elfrct,u�a co,t substantmlly eyuivulenl lo
<br /> Ihe cost w BorroWer of the mungage intiurance prc��iously in rfl'eci./'r�mi un:dtema�c mon�uge in.urer uppnrved by lxnder.If �
<br /> subswntially equivolem munguge imur•rnc�rover�gr i.nut availahlc.Burcow•rr,h:dl puy 1��LrnJrr cach m��nth u surn ryuul lo
<br /> � onc-twclfih uf�hr ycurly mungu�:e in�urancc premium tking paiJ by Bnrrowrr whcn thc m,ur•rncc c�wrrag�lapud or cc�sed ,
<br /> w br in�(1'�cl.Lrndcr will ucrept,u�r and rrtam thr,e paymemti a, u k��.m+er�•e in liru ol'mungaFe inwranc�.Lus.rr,erve .
<br /> payments muy no lungcr Ik reyuireJ.u1 thc uption��I'l.cnder.if murt�aEr imur:wrr r���cr;igc�in thr amaunl anJ fur thc prri�xl
<br /> � Form 3026 9�90�rver',�fn ry�e�,�
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<br /> . � BANIfER3 S�'STENS.INC.Si CLOUD.MN 563Ut�1�AO��9�2����FORM MD 1 NE?5 9�
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