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<br /> ��.__ .... ._.--.__. _._.._ .. . . .. _ .� . _ . . ., . . � . . . . . . . ..._ . . .. . . . . . , � ---__"• � ' .`' . .. .� . S''—.
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<br /> `' 97-� 10�13 . ' � � �
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<br /> � � icECluding floods or flooding, for which Lender cequires iasuraase.This iasuranc�shall 6e main�iue�f in the ameunts anfl --
<br /> I for the periods that I.endsr�qu�res.Th�ia�uance carrier providing tfis ia5urancx shall6e cfiosen by Borrower subject to _
<br /> I Le�ter s approval whic6 shnll tiot b� uart�asottably withheld. [f Borcower faiLs W ma�nni�n �verage dESCribed above, � ', �
<br /> `� [xnder may. at Leuder's oFtion. obtain coverage to protect I.e�er's rights in the Property in accardaase with paragra�h
<br /> 7. - --. ------ _
<br /> -..� All iagura�e policies and reae�waLs stsal! 6e acc�ptabl�ro I.cmer and shall include a standard martgage clanse. ,� `-
<br /> i,eader shell have the rigttt to hold thc poGcies and�eoewals. If Lender reyuires.Barrower shall pmmpdy gtve to Lender
<br /> all receipts of paid premiums ead re�wal notices In the event of loss,Borrower shall give prompt aotice to the insuraace _ .
<br /> 's carrier aa�L.ender.Lender may a�ke proof of loss if not made promptly by Borrower. ' .
<br /> � Unless Leader and Borrov�er ot�erwise agcee ia writing. iasurance proceeds shaQ be appHed to reswmtion or repair - - .
<br /> �' of the ProPertY dama8ed.if die restoration or�epair is ecouomically feasible and Lender's security is noi lessesed. If the �: . ' . < . •,
<br /> restozation or repair is not ecoaomicaUy feasible or Lender s security wauld 6e lessened.the��*xi�ce proceeds shall be a,_..:!.,�. . , •. � �
<br /> a�plied to tbe sums sacured by Wis SecurIty Iasdument�whetltar or not then dua,with azry e�tcess paid to Borrower. If '���,%�°'°��� � °��� �
<br /> Banower abandons the Property. or does not ansrover wtthin 30 days a notice from Lender th�t d2e it�suiance cartier hes ;��Q:f°�s-,:n ---
<br /> '" ofTeied to setile a daim,then Le�er u�a collect the insurance roxeds. Leadec me nse the �ds to re or cestore jr` . ' � . �._ :
<br /> �:.�. .
<br /> �,'� Y F�� P� ;�s:?t�x, '� ,,,,,,_� .-_
<br /> the Properiy or to pay sums secured by ihis Seauiry It�shvmen,whether or not then d�. T�ze 3a-day penad will begin .'�.-, ; _
<br /> rFrr:ci�;°, �;.
<br />- whea the nntice is en. �:`"� <``�
<br /> _ giv „�.�,<y .� ,
<br /> Unless Leader and Borrower othenvise agte�in writin8, anY aPplica6on of proceacs to priacipal shall aot extend or E.:���':!,,; ��S
<br /> P�s� �Y P Y� Patab'�a'P ha.� P Y� c.-s��;., . .
<br /> �..'a ne the due date of Wa mo a ffis refer�ed to in hs 1 attd 2 or c -Qe t�e aatount of the a nts. lf .;:�„�,��c;. .; � , �,`-:-
<br /> .��� underpa�graph 21 the Property isacquired by I.ender.Horrower's right to any i�urance golici�aad proceeds nesulting ��-F`:. -�,�-;�g'�.. `=
<br /> ;`:� from damage w the Properiy prior w the acquisihon sdall pass to I.ender to the extent of the sv��:.ueai by ttris Secnrity --•
<br /> ' Instrument immediately r to the acquisition. . _. � " �'.�°`�-_
<br />:�,��� 6. Ocsupancy,�on. Mainfenance aiad Pra�cttaa�of tbe Ptroperty, Barrosv��'s l.aa� �irattnu: -.---- �-�
<br /> .a
<br /> i,QasQhfllds. Bormwer shall occupy. establish,end usa tlisa Property as�omnwer's pribcipal resideace withiu�y days � . �'�°S,'�';.-.--
<br /> �, '� aRer tise execution of Wis Security lastrument and sball contim�e to occapy the Property as Borrower's priacipr�r,�ence • �� : `;t,_:�:'.'_
<br /> for at least oue year after thn date of accqpancy. unlesa I.e�er oWenvise agrees in writing, w6ich conse�sha:1 aot be ' �a•_ ,� ° —' -
<br /> uareasonably wiWheld.or ualess ea�teauatiag cic�c�acea exist�fiich are 1�eYond Borrower's control.Bomawer shaU not _ �"��
<br /> Wrh . , ..
<br /> ' desstroy.daaoage or impa'v the Prope*tY,allow the Propeny to deteriorsie,or commit waste on the Property. Borrower --'::.-;'�•� . "x_�
<br /> d tro
<br /> ' shall be in default if auy forfeitiue action or praceedin$.whet6er ci�n7 or criminal, is begun thut ia Le�er's good faith _ ... :_;� _
<br /> : judgment conld result in forfeiYure of tke P[operty or otheswise �riaUy impair the lien creatsd by this Security :''�'�•, ° ; _
<br /> : ..,�.,.. '
<br /> . Instrument or L.e�er's security interest.Borrower may ctue s�xch a clefault and reiustate,as provided ia para�aph 18.by ;� ,;' '
<br />..:�i.' caus�ing tUe action or proceeding to be dismissed wi46 a rulang that, in I.ender's gaod faith determination, precludes ��' :
<br /> :;�.,:. •,-�-.- �:��.:� ��.
<br />'�t:,�,-�:',� foYfeiUue of dm Borrower's intetest in the Property or oihes ma4ariel impairmaut of t� liea c�Oed by this Secarity •, �:�.°� ,•
<br />```;�;;} Insh�umeat or Lender's sec�uity interest.Bore+ower shall also be in de�aolt if Borrnwer,duriag d�Ir.,.�m application process, _ - ;.>'<,.
<br /> ,,�, a
<br /> �ve materisUy false or inaccurate infom�atian or statements to l.ender (or failed to provida L�r with any matesial ���,��'�..'F
<br /> , i�ormation) in connection with the loan evideflced by e[�e Note,iccluding,but nat limited to, rep�e�ations coasem�ng , . _
<br /> .' Bnrrmver's oc:eupancy of tho Property as a prineigal ras'sde�cace. If this Securiry la.4uumant is on a irasehold,Bormwer si�ll .::��,. ' 4
<br /> • comply with aU tha provisions of the lease. If Borrower acqui�s f�e title W the Property, the tea�ifl2d and the fee title ,, :. .s, . ��{ : ._-
<br /> . shall not merge unlesv l,e�er agreas to the merger in writing.
<br /> • 7.Pratedion of i.eader's Rf�s im the P�'oPert9'. If Borro-M�:fails to perform the covenants and meats �
<br /> ntained in tlris Securi Insh�ment, or t h ere is a l e r o c e e d i ng t h a t m ay s igni fi c a n t ly a f f e c t L e�e r's ri�i n t l�e - ` �•''�+.'._-,
<br /> co ty S�P ; �.
<br /> property(sach as a proceeding 3n banktuptcy,probate, for condemnation or forfeiUue or to enforce laws or regularioas), , „�;�_—
<br /> 1 tben l.e�awy do aad pay for whatever is necessary w protect the value of the Property and Le�er's rights in the ' :s: _: �� :�.• �
<br /> •�.�,;�R Pmperty. ��r•g �aoffi �y �t�as �y�ng aay sums secured by a lien which has priority over thia Secunty _ .'�,�`
<br /> ..- r.
<br />�:;;s;;�;: Instrt�en�appean�g in court. PaYing reasonable attorneys'fees and eatering on tha Property to make repairs. Althougb - �;'-
<br /> .��s
<br /> ,s,�+�;; le�r msy mlce action undet thispuagraph 7.l.ender does not have to dn ao. `�y�r' . :
<br />�i.,r..r:r :v`�q ,---' -
<br /> +f 4? Any amoun�ttisbwsed by Le�er u�er this paragrapb 7 shaU 6ecome additeonal debt of��ower secur�ed by thfs . :,,,, �t`��e, -
<br /> t��f!: SecurIty Instrument Ualess Borrower and Leader ogree w other terms of pa}r�at,thase amamts s�all bear i�era,st from �' •:.
<br /> . t6e date of disbursement at We Note rate and shall be payable. wiW aaterest. upon notace frore i.ender to �orrower �-.,..
<br /> ,'� � .... �,......
<br /> „�`., ��S.�M��Iasurance. If L.ender required mo.�e imviance as a condition of makiag ti��oan seccr�by tbis r--�,y��; _..
<br />,.�. �.; . ..
<br />.,; trat Securiry Instrument, Bonowar sbsU pay tha premiums�c,vu+ed to�tain the mortgaga iasvr<..m�in effec� tf,for aay � .`'":K9`°'•�`:
<br /> :•'
<br />`�'��.�j�` reason. the mortgage iffiu:a�e wverage required by Lvader lapses�7 ceases to be in effect, 1�orrower shal) pay tt� .,-'-„',••�"�"�`. "'.=�.
<br /> "t�4�' �.-emiumg xequired W obtain wverage substantially e�nivalent W the mortgage imvrance previously in effect, al a cost -,�_ --
<br /> �bst�ntially equivatent to the cost to Borrowar of t3�i�+o�4gage invurance previausly in effect.from an alGarnate mortgage !.: -, �. �:
<br /> �J' insvrer approved by Leader.If substaatsell uivales�4 mort a insutance coverape is aot availo6le Borrawea shall pay ;f; `` ` � • .._,_�rn �
<br /> .. ��n Q9O b f � v�%hn..i
<br />.:'�L±r�: W I.BD�l E7C}l 010D1�!4 SIIID�US�IO OnC-nVBii i of tLe peady mortgage insvrance pnemium beiqg paid by Borrower when ',�;�r,�,:-�-; "�:o.+. ,
<br /> .`.��°�� tlse imusance covetage lapsed or ceased to be in effect. Lender will accept.use and retain these p�Y�eats es u tasv raserva � .rt�Y-_ �'
<br /> in lieu of mortgage iasvtance. Loss reserve payments may aa lon�er be required. at t6e aptic� of Lender, if mortg�tge ���'�'��' L'
<br /> i'k�ia;tyh�_
<br /> iasvrance coverage(in t h e amount a n d for t h e peri a d t h a t L e n d er rrequir+es)provided b y an iasuror o p proved b y Lender ''•��r�-:,�,, � ,.
<br /> ' again becomes available a�is obtei�d. Sorrawer shall pay t6e pnmiums req�ired to maiatain mort�ga in�uanca ia __: 'i7 •Y'�:
<br />• effect, or to provide a loss resenra. umil tbe requiremeat for mortgage insutance ends ia accorcfance wit6 eny written Z`.
<br /> agreement between Borrower and Lender or applicable law. pp„T,s028_gfgp lpeye a ol 61 � ° 3�r,���
<br /> :'i�. ���� "�.
<br /> ��•r BATIKERS SYBtEMl,INC..ST.CIOUD.MN 8890?It-800997-24171 FORM MP1�1E 2/6/flt i�!�`— --��1��-- .-���,� "
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