|
� . • `
<br /> �r.
<br /> ��, , -
<br /> „ .. ' ' :r';.
<br /> � • i .
<br /> 1 -
<br /> ' 9�-��►��1: ti.-
<br /> 9. Inspectlon. I.ender or its ngent may make rcasonable entries upon und inspections of the Property. L.ender shall
<br /> give Borrowcr notice ut the time of or prior to an inspection speclfyins reasonable cause tor the iuspection. ° _
<br /> 10. �ondemnation. The proceeds of any award or cla�m for damages, direct or consequential, in connection with I :_
<br /> � any condemnation or other tnking of any part of the Praperty, or for conveyance in lleu of condemnutlon. ere hereby
<br /> assigned and shall b�patd to Lender. _
<br /> In the event of a total taking of the Propecty, the proceeds shall be applled to the sums secured by this Security ' -
<br /> Instrument,whether or not then due,wlth any excess paid to Bonower. ln the event of a partlal taking of the Property in � .
<br /> which the fair market value of the Property immediately before the ta}:ing is equal to or greater than the amount of the � • -
<br /> ,�. sums secured by this Security Instrument�mmediately before the taking, unless Horruwer a�id Lxnder u[herwise agrcc in _
<br /> �,�,_,,,,. writing, the sums secured by thfs Security Instrument shall be redu c e d by the amount of the proceeds multiplied by che I _
<br /> , ,,r, following fractlon: (a)the total amount of the sums secured immediately before tUe takitig, divided by(b)the fair market =
<br /> value of the Property immedlately beforc the taking.Any baltutc:e shall be paid to Borro�ver. In the event of a partial taking �;
<br /> � of the Property in which the fair market value of the Properry irnmedlately before the taking is less than the annount of the • -
<br /> sums secured lmmediately before the taking,unless Honower aad Lender otherwise agree in wrlting or unless applicable ;,
<br /> law othenvise provides, the proceeds shall be applied to the sums secured by this Security Instrument whether or not the , . ���
<br /> swns are d�en due.
<br /> If the Property is abandoned by Borrower. or if, after notice by l,ender to Borrower that the condemnot offers to
<br /> make an award or settle a claim for damnges,Borrower falls to respond to Lender wlthin 30 days after the date the noticc
<br /> Is given, Lender is authorized to collect and apply the proceeds,at its option,either to resroration or repair of the Property
<br /> or ta the sums secured by this Secudty Instrument,whether or not then due. —
<br /> �� Unless Lender and Borrower othenvise agree in wrlting,any appllcation of proceeds to principal shall not extend or ,
<br /> postpone the duc date of the monthly payments reierrecl to In paragraphs 1 and 2 or change the amount of such payments. �t �
<br /> 11. Borrower Not Released; Forbearance By Leuder Not a Waiver. Extenslon of the time for payment or _-
<br /> modification of amortization of the sums secured by this Securitp Instrument granted by Lender to any successor ia interest . _
<br /> ' of Borrower shall not operate to release the liabillty of the original Bonower or Borrower's ouccessors in interest. Lender
<br /> shall not be required to commence proceedings against any successor in interest or refuse to extead time for payment or -
<br /> otherwise modify amortization of the swns secured by this Security Instntment by rea.gon of any demand made by the
<br /> :� original Bonower or Borrower's successors in uuerest.Any forbearance by Lender in exercising any right or remedy shall
<br /> not be a waiver of or preclude the exerclse of any dght or remedy. - -
<br /> 12. Successors aad Assigns Bound;Jolnt and Several LiabUtty; Co�igners. The covenants aad agreemenu of =,
<br /> this Security Instrument shall bind and benefit We successors and assigns of Leader and Borrower, sub7ect to the
<br /> � provisions of paragraph 17. Borrower's c�venants and agreements shall be oint aad severel. Any Bonower w5o co-signs '�
<br /> this Securlty Instrument but does not execute the Nate: (a)is co-signing tb�s Securlty Instrument only to mortgage,grant _ _
<br /> and convey that Fonower's interest in the Property uader the term» of this Security Instrnmenr (b) is not personally --
<br /> � obligated to pay the sums secured by this Security Instrument; and (c)agrces that Lender and any other Borrower may --
<br /> '• agree to extend,modify, forbear or make any accommodatioas with regard to the tern�s of ihis Securlty Instrument or the _
<br /> ._ _ Note wlthout tbat Bonower's consent. -
<br /> � 13. Loan c:hnrges. Ii the loan seeured by this Security Ins[rumeni is subjcx:t tu n iaw whlcr szis maximum lo�st '�
<br /> charges, and that law is finally interpreteci so Wat We interest or other loau charges collected or to be collected in
<br /> wanectIon with the loan exceed the permitted limits, then: (a) any such loan charge shall be teduced by the amount �," --
<br /> necessary to reduce the charge to the permitted limit;and(b) any sums already collected from Bonower which exceeded
<br /> , F' permitted limits will be refunded to Harrower. L.ender may choose to make this refund by reductng the principal owed - _
<br /> • under the Note or by making a direct payment to Bonower.lf a refiwd reduces principal,the reduction will be ueated as a =_
<br /> 1; partial prepayment without any prepayment charge under the Note.
<br /> 14.Nottces. Any notice to Borrower provided for 3n this Securlty Instrument shall be given by delivering it or by =�
<br /> � matling it by first class mail unless applicable law requires use of unother method. The notice shall be directed to We
<br /> Propeny Address or any other address Bonower designates by notice to Lender.Any notice to I.eader shall be given by C""�'
<br /> � first class mail to I.ender's address stated herein or any other address Y.ender desi�nates by nodce to Borrower.Any notice t;-`
<br /> provided for in this Security Insnument shall be deemed to have been given to Borrower or Lender when given as grovided
<br /> �; in this paragraph.
<br /> 115.Governing Law;Severability. This Security Instrument shall be governed by federal law and the law of the
<br /> iudsdiction in which the Property ls located. In the event that any provision or clause of this SeGUrity Instrument or the __
<br /> Note confl{cts with applicable law,such conflict shall not affect other provisions of this Security Instmment or the Note
<br /> , which can be glven effect without the conflicting provision.To this end the provisions of this Secudty Instrument and thc =
<br /> Notc are declared to be severable. � ----
<br />� 16.Borrower's Copy. Bonower shall be given one confortned copy of the Note and of this Security Instrument. ��_�;,
<br /> 17. Trnnsfer of the Property or a Beneficiul Interest in Borrower. If all or any parc of the Property or any
<br />- interest in it Is sold or transfened(or if a beneficial interest in Bonower is sold or transferred and Bonower is not a . -
<br /> natural person)without Lender's prior written consent,Lxnder may,at its option,require immediate paytnent ia full of all ��;•;�.�---
<br /> - sun�s secured by this Securiry Instrument. However, this option shall not be exercised by Lender if exercise is prohibited ..
<br /> by federal law as of the date of this Secur�ty Instrument. - -
<br /> If Lender exercises this option, I.ender shall give Borrower notice of acceleration.The notice shall prov3de a period -"°._
<br /> of not less than 30 days from the date the notice is dellvered or mailed within which IIorrower must pay all sums secured �""�*'�i-
<br /> Form 3028 9190 Ipage 4 0/6/ ' �__�3
<br /> BANKERS SYSTEMS.WC..5T.CLOUD,MN 6830]fl•800•39733411 fORM MD�1�NE 2/6/91 �^+tA�
<br /> .,T�
<br /> `•➢!'.;'s�
<br /> . j .
<br /> : � I
<br /> - i `
<br /> ' � - -- -
<br /> ; .
<br /> ,
<br /> . �
<br /> i
<br /> ; I
<br /> i
<br /> _ I
<br />�
<br /> Y
<br /> �
<br /> _ _ _ -- _ _
<br /> __ _ _
<br /> --� _ -- __ __
<br />
|