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<br /> '1'OG�'THGR WI'I'H t►II ihc improvcmcttts now or Z�crcaf�cr crected on tlic propert,y.and u!I cnscments,
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<br /> nppurtenunccs,nnd fixtures now nr In:reatter a part of thc pxap�rty.All rcpinccments 1nd additio�y all tdso l�c covcrcd by I�
<br /> tLis Sccurity Instruuicnt.All of the forcgoing is refcrrcd to in ihis Securiry Instrumcnt i�s tiie"Prc rt
<br /> Dokticfweit CoveNnN�s�hut Qarrower is Inwi'ully sciscd vf Ilie etiintc hcrcby cwiveyed nnci has Ihe right ta grant und _
<br /> cvnvcy�hc Pre�ert}�tsnc4 thnt ih�PcohedY is unencumbered,exccp�for encumbrances of record.t3on'a�ver�vnrrants and wfll -
<br /> defend gcnernity the tide tu the Prupeny agninst all cinims und demands,subjcct to uny cncumbranc�s af iLCOr�i.
<br /> ;;;;:: �;::L�:4fY twc,uu�ni,vT combines uniforni covenantstnr n:�tional u�e nnd non-unii'ornn coven;u�t::with limitesl
<br /> vari�tions by,jueisdic�ion to constitutc a uniform scrurity tnstmmcm wv��i��b�cr��r...r...v.
<br /> UNIECRM COVENANTS. 8orrower�►nd l.ender p ynam andagree as follows: P y P Y ;
<br /> 1. Payment of Princlpal and interest;Pre a ment t�nd l.,Y t�e P�rges. Borrowcr�h:►14 prom tl � when duc �
<br /> the principal of and interest on t he de b t evidenced b y►hc Notc und an rc a mcnt nnd latc ch��rgcs due u�dcr.the Note.
<br /> 2. Funds for Taxes and Insurance. SubJect to�pplicablc law or to:i written wniver by Lcnder,Aorro�ver shalc�iy
<br /> to Lender on dic day monAily payments are due under the Note_until the Note is pnid in full,a sum ("Fund.s"e�o'���a�chold
<br /> tuxes nnd assessments which moiy uttaln priority over this�a��F�hazarduorc ro eRl�in urauce prem ums,(d)ycarly flood
<br /> �ayments or graund rents on the Property, if any; (c) y y p p y tiums � nblc b Borcawer tu
<br /> msurance prem�ums,if uny; (e)ye:+rl� mongage insurancepremiums. if any: and (t� nny : p•Y Y .
<br /> Lender,in accord�nce with tlie Pravisions of paragr:+ph 8,in lieu a�f the payment of martgage insunnce prem�ums.These
<br /> items are culled"Escrow ltems: L.ender may,at any time,collen und hold l=unds in un amount not to exceed the maximum
<br /> umount a lender for a federully relatcd martgagc loan may reynire for Borcower's escrow account undcr the feder.�l.Rcal
<br /> Etitate Setttcment Procedures Act of 1974 us amended from tim� to time. 12 U.S.C. § 2601 er seq. ("RESPA"), unless
<br /> ;uiother law tLut op�fies to the Funds sets a lesser amounG!f w. I.ender uiay, at any time,collect nnd hnld Funds in nn
<br /> amount not to exceed the lesser amount.Lereder may estimate ihe amount of Funds due on the b:�sis af current datn nnd
<br /> rcasonable estimates of expenditures af future Escrow Items or aherwise in accordance with applicable lAw.
<br /> Tlie Funds shall be held in sm institution whose deposit5are insu�d by n federal asency. instrumentality,or endty
<br /> (including Lender,if Lender is such an institution)or in any Federal Home Loan Bank.Lendcr shall apply the Funds to pay
<br /> the Escrow Items. Lender may not charge Barrower for holding and applying the �unds,unnually analyzing the escrow
<br /> uccount,or verifying the Escrow Items.unless Lender pnys Ilorrawer mterest on the Funds and applicable law partnits
<br /> I.ender to make such a charge.However,I.ender may reqwr�Borrower to pay a one-time charge for an independent real
<br /> estate tax reporting service used by l.ender in connectian with t�is loan.unless applicable law provides otherwise.Unless an
<br /> ugreement is madc or npplicablc law rcquires intcrest to be pai�d,Lender shall not be required to pay Dorrower any interest ar
<br /> earaings on the Funds.Benowcr and Lender may agrec in wr�ting, howevcr,that interest shall bc pa�d on thc Funds.Lendcr
<br /> shull give to Bonowc�,without charge.an annual accounting of ihe Funds, showing credits and debits to the Funds and the
<br /> purposc for which each debit to thc Funds was made.The Funds arc pledged as additional security fur Eill sums sccured by
<br /> f1:1S��lST3i�TSlctn�ment. � ��y ��
<br /> If die Funds held by l.endar exceed the amounts permii�eci io oe i�aid�•a !i°^b!e!s�,1 r�rlrr cha uccount o
<br /> Boaower for the excess Funds in accordance with the�+equirements of applicable law.If the amount of the Funds held by
<br /> L�nder nt any time is not suffictent to pay the Pscrow Items when due,Lcnder may so notify Borrower in writing,and,in
<br /> such caFC Borrowcr shall pay to I.cnder thc amount necessary to make up the deficicncy. Borrower sriall make up the
<br /> deflciency in no more than twelve monthiy plymenGv,nt Lenders sole discretion. •
<br /> Upon puyment in full of all sums securcd by tl�is Secu.riry Instrument,L.ender shull promptly refund to Borrower any
<br /> Funds hcld by Lcnder.If,under p�A Funds held bd Lender a�tthe t me of acqu�s tlon or aleeasprcredit�a�a nst the�sums
<br /> sule of the Prapetty,st�all apP�Y Y y
<br /> secured by this Secunty Instrument.
<br /> 3. Applicxtion of Payments. Unless applicable law provides otherwise,all payments received by Lender under
<br /> pa�ragraphs l and 2 shall be applied:first,to any prepayment ch�rges duc under the Note;sc;cond.to umounts payable under
<br /> paragraph 2;d�ird,to inte:CSt due;fourth.to principal due;nnd last,to any late charges duc under the Note.
<br /> 4. Charges;I.lei►v. Borrower shuU pay nll taxes,�ssessments,chnrgcs,fines and impositions attributable to the
<br /> Property which mny attain priority over this Secunty Inst�ument. :uid l�useho(d�ayments or��nund rents,if any.Borrower
<br /> shall pay tticse oblignt9ons in the manner provided in paragraph2,or if not paid m lhat mtu►ncr.Bonnwer shall pay them on
<br /> time directly to the p�rson owed payment.Borrower sUutl promptly furnish to L.ender all notices of amounGS to be pa�d under
<br /> this paragraph.If Borrowcr mukes thcse payments dircctly, Borrowcr shall promptly furnish to Lender receipte evidencing
<br /> the payments.
<br /> Borrower shall promptly dischlrge any lien which haspriority over this Securiry Insuumcnt untcss Borrower: (a
<br /> agrees in�vriting to the payment of the obligaiton secured by t6e lien in a manner acceptable to Lender,(b)contests in good
<br /> faith the lien by,or defends ugainsc enforcemcui��i'thc licn in,l�gsl proceet>;nge which in the Lender's opinion operate to
<br /> prevent the enforcement of the lien; or(c) secures from the holder of the lien an ugceement satisfactory to Lender
<br /> subordinating the licn to this Security Instrument�If Lender dc�errnines that uny part of the Property is subject to u lien which
<br /> may attain�ribrity over this Sc�urity Instrumcnt,l..ender inay givc Bon•ower a notice identifying the lien.aorrower shall
<br /> sutisfy tho lier�or take onc or more of the actions set forth alvovc wUhin 10 days of thc giving of nouce.
<br /> Fotm 3028 9fa0 Ir�ge z oJb pag�r)
<br /> UANKERS SYSTEMS.INC.,ST.CLOUb,MN 66302(7•E00397•2341)FOAM MQ-7•NE?J59�
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