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<br /> 9. lnspectlon. l.endcr or its agent n�f1a ce reasanable entries upon aad inspections of the Property. L.ender shnll
<br /> � give Borrowec notice ut the time oF or prior ta nn inspectlon speclfying reasonable cause for Ihe inspxetiun.
<br /> l0.Concktnttatlon. The procc�.�ds af any uwurd or clnim tor dcmage9, direct or consequential.in wnnection with _
<br /> • � any condemnation or uther taking of any pnrt of the Property, or for wnveywue ln lteu of wndemnation, aze dereby _..
<br /> " xsslgned and shnll bc pnid to L.end�r. =
<br /> � !n the event of n total tNcing of the Prope;rty, t{�e proceeds ehall be applied to tlie 6ui�� seeured by this Securicy -
<br /> it� lnstnunent,whethcr or nnt then due,with eny excess pald to Borrowcr. !n the cvent of a partiel taking of the Property in
<br /> which the fair mnrket value of the Property immedlucely before the taScing isequal tu or grearer than the amount of thc
<br /> sums secured by thls Security Instrument inuncdlately before tha talcing. unless Eorrower and Leuder otherwise agree lu�
<br /> +w�� wdting, the sums secured by this Securtty Instcunxnt shall be reduced by tlta amount of the procecds multiplled by the
<br /> �•i•��••�►'• following fractlon:(a)the total amount of the sum9 secured inur�+diatcly before the taking,divided by(b)t�e fair marke¢
<br /> = valuc of We Property Una�ediately beforc thc teking.Iluy balance sliall be n�fd to Borrawcr.ln the ceent of a partial taking
<br /> , � of the Praperty in which tha fair market vulue of the Pluperty immeciIately before the taking 1�less than the amount of the _
<br /> . ' sums securad immacliatcly before the taking, unless Borrower and l.cuder otherwise agrce!n wtltiag or unless applicable
<br /> law otherv+ise provides,the Nroceeds shall bc applied to the sums secured by this Seciuity Instrument whether or aot the
<br /> � ' siuns nre Wen due.
<br /> d if the Propeny Is abandon�by Borrower,or if, atter notice by Lender to Borrower that the wademnor offere to
<br /> _• mnke an awurd or settle a claim for damages,Borrower fails to respond to Lender withln 30 daya sfter the date the notice
<br /> ie givea. Lender is authorized ro coAect and apply the proceeds.at its optlon,either ro restoration or repair of the Property
<br /> • ' � or W the sums secured by thts Securlry Instrument.whether or not then due.
<br /> Unless Lender and Bono�aer othenvise aoree in wdtIn�,As�y eppllc-allon of proceed�s tn principal shall not extend or `
<br /> � postpone the due date of the monthly paymente referred to in paragraphs 1 and 2 or change the awouat of such paymeats. _
<br /> � 11. Borr�wer Not Rdeased; Forbearence �By Lertder lYot a Waiver. Extension of the time for payment or
<br /> modificatIon of auiortization of the sums secured by thie Secnriry Instrument granted by I.ender to any successor in Interest __
<br /> � ,�, of Bomower shall not operate to release the liablliry of the orlginal Borrower or Borrower's successors ln lnterest.Lender -
<br />-- , ,, „, shall nQt be required to canunence proceedings egainst any successor Ia Interest or refuse to extend time for pa b t�oe
<br /> � • otherwise madify amoctizution af the sums secum�by tt�is Securlty Instnunent by reason of any demaud y =
<br /> • '%�, � originul Borcawer or�acr�wer's successors in imte�rest.Any forbearance by Lender in exercising any rlght or rsmedy shall
<br /> . not be a wu��r of or pr�eolude the exercise of any 'r�,aht or remedy. -
<br />:'-4•-� ,�.�, . 12,�coessors end Aas!gns Bound;Joint and�everAl�.iabWty; Co-slgnere. The covenaats aad agreemente of
<br /> ,'�` . this Securiry Instrument shall bind and beaefit the successors and assi of Lender end Boaower, sub�ect w the
<br />;A'�• �� ' provisions of paragragh 17.Borrower's coveaaut9 and agreements sball be�oint and several. Any Borrower w o co-signs
<br />���: this Security Instrument but does not execute the Note: (a)le co-signing thrs Sccurlt�r Instruirjent orily w mortgage,grant
<br />- and convey that Borrower's inierest in the Property under the terais of this 5ecunty Instrnment; (b) is eot personally
<br /> �..°.;-��';'` obllgated to pay the sums secttred by this Security instrument: and(c) ag�s tttat Leader and any aihes isonower may
<br />�s:-• ::� agree to e:st�nfl,modify, forbear or make any accommodations with regard to the terms of this Secunty Instrument ar the
<br />�''`'` Note with�n2 that Bonower's consent.
<br />�?'�'`•�. `• �•`� t��ti 13.1Lnan Charges. If the loan secm�ed by tLis Security Pnstrument ls subject to a Iaw nhich sets maximum lesn
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<br />��.,�. �S,•� charges, anc� Wat law is finally interp�ted so that the interest or other loan charges oa3lect�d or to be wllectc;i [�
<br />-y,�, r conaection with the loan exceed the pemiitted limits, then: (a) eny such ioa�c�arge s:�nll bc reduced by the amount
<br /> �•��•-'•� nx.cssary�to reduce the charge to thepeimitted limit;and(b)anY swns already onUcc[ed from Borrower v��ch eaceedecl
<br />`�`"`�' ��:�'�� ' p�nnitted limits will be roibnded to Harrower. i.ender may choose to make this refiind by seducing ttr��rancipal owed
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<br />____;;��;�-�;.�,� under the Nate or by msking a direct payment to Borrower.If a refund reduces principal,thP.reducNoa wall be treated as N
<br />=;=_��_�•�� putial prepayment without any paepayment charge under the Not�.
<br /> �''�`'�"-� 14.NMfces. An notice to Bomower providea for in thi9 Securlt Instnunent shall be given by dc:liv it or b
<br />�������;?� mailing it by first class mail unless applicable law requires use of anoiher�ethod. 'Ihe aotice ehall 1�El.'�od to the
<br /> "�:�:;��'� PropeYty Adiress or aay other address Bonower cle�i�uatea by notice to Leader. Aay notice to I.ender s5n]H fie given by
<br /> - � -- _= first cless mail to Lender's address atatal herein or an�+other eddress Lender designates by notice to Borrower.Any notice
<br /> _-�'�;�;i providal for in this Security Inatnuneat shall be dee�ned to have bcen given to Bormwcr or Lender when given av pmvided _
<br /> ���:t:;,� in thie par��raph.
<br /> 15.Governing Law; Sevetebllliy. 'Itis SecurIty Instrument shell bc govemed by fi�slernl law and the law of the
<br />-_----- --�'s urlsciiction in which the Property is located. In the event that eny provisfon or clause of c;�is�ecurily Instaun�eui or tLe
<br /> --- —_ �ote coatlicts withapplicable law,auch contlict shall not affect other pmvisions of tWa Seenr3ry Insuu,�aznt or We Note =_
<br /> --- _� which caa be glven effect without the conflicting provision.To thls end the provisinns of th9s�ecurity Ensirument and the
<br /> _=�Y�;?.� Note are declared to be scverable.
<br /> ___ 16.�orrower's Copy. Borcower shall be given one coafom�ed copy of the Note and of�thie Security InsYniment.
<br /> ________� 17.Trans[er ot tb,e Pmpeiy or a Beaetic�l Interest in Borrower. If all or an}�art of tlie property or any
<br /> ° '�=�� interest in it is sold or transferred(or if a beneScial Interest in Borrowcr fa sold or traasferted ead Bosower is not s
<br /> ���v'°�` aawral person)without I,ender's prtor written conscat.Lender may,at it�option.requtre iffunedtate payment ia full of ell
<br /> --=—°�-� suuis socurod by thle Socurity Insuument. However, this option shall not b�e exercised by Lender if exercise is pmlubited
<br /> i��"ss'n`�.� by faleral law es of thc date of this Securlty Insttun�ent.
<br /> Fff�I.eader exeretus this option,Lender shall give Borro�s�r notice of acceleration.The notice shall provide a perioa
<br /> - y---�a%�'.�.'�6? of not��ss than 30 d�ye from the a.�te the notice ie delivered Qr mai�vd within which Somoa��3 muat pay all swns aecureQ
<br />---"•��►=�;: - Fortn 302 Q180 fPaye 4 0/61
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<br /> �• ; �'!�%� BANKEAS SV9TEMS,INC..6T.CIAUD,MN 66302 17•Qp0397•43611 F00.N MPt•NE 2/6/91
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