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<br /> � 9.Inspection. [.cnder or ite ugent may makc reASOnable entrlrs upon and inspections of thc Property. Lender shall �, �
<br /> i give Borrower notice at the time af or prioc to an inspec:tion specifying rcasanable cause for the inspectlon.
<br /> � 10. Condemnatioa. The proc;eeds ot any award or claim for dama�es, direct or consequentinl, in connectlon with �� '';
<br /> any condemnutton or other taking of any pArt of the Property. or for conveyance tn lieu of candemnation. are hereby
<br /> � agsigned And shall be pald to L.ender. ��. '�t.
<br /> , � In the event oi e total taking of the Property, the proceeds sball be applied to the sums secured by this S�xurity : .
<br /> Instniment, whether or not thtn due. wlth any excess paid to Horrowcr. In ihe event of a partial taking of ihe Property in : 'a-'•
<br /> which the falr market valuc:of the Property imrnediatcly before the taking ie equal to or greater than thc�unount of thc � ' �`��»�._
<br /> � sums secured by this Sc�:urity lnstrun�ent immediately beture die takiug, unlessilorrowcr and L�:ndcr otbcnvisc agrce in ' .,�
<br /> wrlting. the sums secured by this SecutltY Insttument shall be reduced by�h�amount of the roceeds multiplied by the �>;�" T��;��;,::'���
<br /> .....+w+'"` rh+?i?�
<br /> foll�owin�fraction: (a)the total umount ot the sums secured imrnediatcly before�he taking,div ded by(b)ihr falr mxrket .r,.�,a�<,fi.,.._-
<br /> � "''' value of the Propeny immediately before the takin .Any balance shall be paid to Bonower. In the event of a partlal taking ;..�� °•:'
<br /> ...•'n�ti�.:�
<br /> � of the Property in wbich thc fair markct vnlue of�e Property irnmediately befom the taking is less than thc amount of the , ..."K,:,,.p m;,.
<br /> sums s��cured immediately before the taking, unless Borrower and I..ender o[herwise agree tn writin�or unless applicable �: �=�,,�:'�--
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<br /> , law otherwise provldes,the proc;ecds shall be applieci t�the sums secured by this Security Instnunent whether or aot the ••J45,,,•-
<br /> ' sums arc then duc. •^`:�^�.- --�
<br /> � If the Property Is abandoned by Bortower, or if, after notice by Lender to Bonower that the condemnor offers to �r=-
<br /> � make an award or settle a claim for damages, Burrower fails to i�spond co I.ender within 30 days after the date the notice �:-_.._
<br /> i is given,Lender is authorized to collect and apply the proceeds. at its option,either to restoration or repair of tbe Property ; .__
<br /> � or to the sums secured by this Security Insttument,whether or not ihen due. ��`��
<br /> - � Unless Lender and Bonower otherwise agree in wrlting, any application of proceeds to prIncipal sball not extead or `__—_
<br /> � postpone the due date of the monthly payineats refened to in paragraphs 1 and 2 or�hange the amount af such payments. �--
<br /> I1. Borrower Not Relw�cced; rorbearance By Lender Not a Waiver. Extension of the time for payment or
<br /> .. modtfication of amortlzation of the sums secured by this Security Instnunent granted by I.ender to any successor in Interest `
<br /> � of Bonower shall not operate to release the liability of the orlgind Borrower or Bonower's successors in interest. Lender
<br /> . shall not be required to commence proceedings against Any successor in inrerest or refuse to extend time for payment or _��`=
<br /> otherwise modlfy amortization of the suins secured by this 3ecurity Instnimcnt b� reason of any demaM made by the �
<br /> q origin�l Bonower or Bonower's successors in interest. Any forbearance by Lender m exercising any right or remedy shall f:_�'��-�_'
<br /> ;y not be a waiver of or preclude the exercise of any ri�ht or remedy. k'
<br /> 12. Successors and Asstgns Bound;Jotni aad SaverN LiabUity; Co-�signers. The covenants and agreemen�c of "°'
<br /> [his Security Instnunent shall biad end benefit the successors aad assigns of Lender and Bonower, sub3ect to the �' •�° �
<br /> �--
<br /> provistons of para gra ph 17.Borrawer's covenants and agreements shall be oint and several. Any Horrower who co-signs ��.����:
<br /> � th�s Secudty Instrument but does not execute the Note: (a) is co-aigning �s Secu r it�r I n strument o u ly to mo r tgage, g r e n t �;�;.;
<br /> and wnvey that Borrower's interest in the Property under the tercns of �his Secunty Instrument; (b) is not personally
<br /> � obligated to pay che sams secured by this Security Instniment; and (c) agrees ihat Lender and any other Borrower may
<br /> �,. agree to extend, modify, forbear or meke aay accommodations with regard to the tem�s of this Securlty Instrumettt ar the ���_
<br /> Note without that Bonower's consent.
<br /> ` ` i3. Loan Cbargev. If�t►c ioen�c�:u�c-�i by t��i� S�.udty iastrum�nt i� �ubjsxt to a lx�::�hich�t�ma.r.itnum loan — _ -
<br /> �� charges, and that law ts finally interpreted so that the utterest or other loan chazges collected or to be wllected in
<br /> connection with the loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount
<br /> � r. necessary to reduce thc charge to the pernutted limit;and(b) any sums alrcady collected from Borcower which exceeded =
<br /> q�• permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed
<br /> „ p uader the Note or by making a dlrect paymeat to�3orrower.If a refund reduces prtncipal,the reduction will be treated as a
<br /> • a partial prepayment without any prepayment chazge under the Note.
<br /> 14.Notices. Any notice to Borcower provided for ia this Securlty lastnuaent shall be given by deliverins it or by
<br /> mailing it by first class mail unless applicable law require.s use of auother rnethod. The notice shall be directed to the .-
<br /> • i Property Address or any other address Borrower designates by notice to Lender. Any notice to L.ender shell be given by
<br /> � first class mail to Lender's address stated herein or any other addmss l.ender designates by notice to Borrower.Any aotice
<br /> provIded for in this Security Instmment shell be deemed to have been giv�n to Borrower or L.ender when given as provided
<br /> in this paragraph.
<br /> •�, 15. Governing Law;SeverabUity. This Security Instrumcnt shall be governed by federal law and the law of the
<br /> * urisdlction in whicd the Propeny is located. [n the event that any provlsion or clause of this Sectuiry Inatrument or the
<br /> * �ote wnflicts with a�plicable law. such wnflict sl�all not affect other provisioas of this Security Instrument or the Note -
<br /> . � which can be given etfect without the confiicting provision.To this end the provisions of this Security Instrument and the
<br /> � Note are declared to be severable. -�
<br /> � 16.Borrower's Copy. Borrower shall be given one conformed copy ot�he Note and of this Security Instmment.
<br /> � 17. TraasPer ot the Property or a BenePcial Interest In Borrower. If all or any,part of the Property or any ___ _
<br /> interest in it is sold or transfened (or if a beneficial interest in Sorrower is sold or transtened and Borrower is not a
<br /> natural person�without Lender's prior written consent, Lender may. at its option, require immediate payment in full of all = -
<br />- • r stuns secured by this Securlty Instrument.However,this option shall not be exercised by Lender if exercise is prohibited
<br /> - by fedcral law us of the date of this Security lnstrumcnt. - --
<br /> � If Ixnder exercises this option.I.ender shall give Boxrower notice of acaleratton.The notice shall provide a perlod --- --
<br /> of not less than 30 days from the date the notice is delivered or ma.iled withln which Sonower must pay all sums securod �—^=
<br /> ' Form 3028 9180 Ipogo 4 0/61 �"'�
<br /> BANKERS SYSTEMS.INC.5T.CIOUD,MN 86302 11-800•397-23411 FORM MO 1•NE 2i6/91 � �� ��Y�.
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