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<br /> RE•RECORDED � . . �:':'�:
<br /> 97.•ilf��4'7 98_i1y095'7 r' ,
<br /> i TOCIETHER W1TH all the improvcments now or hercafter er�wted on thr praprrty. and all eascments, . �
<br /> � appurtenancrs,and fixtures now or hereatter s part of the propert�. All replacements and addntons shall also be�•overed � _
<br /> � by�his Securicy Instrument. All of the foregoln� Is reterred to in this Securiry Ins�rument as chr"Propeny." —
<br /> . HoHeow�a CoveNnNn that Borrower is lawfully seised af the rstatr hereby canveycd nnd has the r�ght w gr.�+nt and
<br /> ! convey the Praperty and that thr Property is unem;umbered, except far encumbrances ot record. Borcower warrant� and I
<br /> , � will defend generally the title to the Property against all claims nnd demands,sub�cct to any encumbrances of record. {
<br /> ; Ttus StavKiir INSikuMFni wmbincs uniform covenants for nation:�l use and non-unifnrni crnenants with limited �
<br /> � � variations by Jurisdic'tion to constltute a uniform security instntment covering real prapetty. ,
<br /> � Ur+iFOKni Cov�NnNTS. Borrower and Lxnder covenant and ugree as f�llows: -
<br /> • • � �� 1.Payment 6T Principal and Interest; Prepayment nnd �.ate Char�es.Borrower shall promptly pay when due
<br /> � �, � - the principal of and interest on the debt evidenced by the Note and any prepayment atid lnte chargcs due under the Note.
<br /> 2.�xnds for Taxes and Iasurance.Subject to applicuble law or to a written waiver b,y Lender.Bonower shall pay �
<br /> I to I.ender on the day monthly payments are due under the Note, until the Note is paid in tull, a sum("�unds")for: (a) ,
<br /> � riorit over chis Secudt Instrument as a lien on the Property; (b)yearlY I �••�?,���;��._
<br /> yearly taxcs and assessments which may attain p � Y •
<br /> leasehold payments or ground rents on the Property. if any; (c)yesuly hazard or property insurance prenuums: (d)yrarly ,, A�,��
<br /> flood insurance premiums, if any;(e)yearly mortgage insurance preauums,if any; and(�any sums Payable by Borrower � r_. -_�
<br /> � to Lender, in accordance with the pr�visions of paragraph 8, in lieu of the payment of martgage msurance premiums. ' •F����
<br /> � These Items are called "Fscrow Items." I.ender may, at any time,collect and hold Funds in an amoune not to exceed the
<br /> � ma�dmum amount a lender for a federally related mortgage loan may require for Honower's escrow account under the
<br /> federal Real Fstate Setdement Procedures Act of 1974 as amended from time to time, 12 U.S.C. § 2601 et seq. �.�-
<br /> ("RESPA"), unless another law that applies to the Funds sets a lesser amount. If so, Lender may�.at aay time, collect aad ' .<• S�+'
<br /> � hold Funds in an amount not to exceed the lesser amaunc• l.ender may estlmate the amount of Funds dae oa thc basis of '?���_:'
<br /> # cunent data aad reasonable estimates of expenditures of future Escrow Items or othenvise in accordance with applicable ' ;,•;_
<br /> � law. ;.;,;.
<br /> The Funds shall be held in an institution whose deposits are insured by a federal agencq,instmmentality,or entity �,�- �
<br /> (including ixnder, if Lender is such an institutioa) or in any Federal Home Loan Bank. I..ender shall apply the Funds to `�
<br /> `' � pay the Escrow Items. I.ender may not charge Burrower for holding and applyiag the Funds, annually analyzing the • : .;�:,
<br /> "' escrow accounc, or verifying the Escrow Items,unless L.ender pays Bonower mterest on the Funds and applicable law .
<br /> ' • Y I permits Lender to make such a charge. However, i.ender may require Borcower to pay a one•tirne charge for an _
<br /> � � � �ndependent real estate tax reporting service used by Lender in connection with this loan,unless applicable law provides �
<br /> + '; ; otherwise. Unless an agreement is made or applicable law requires interest to be�aid,Lender shall not be required to pay ,
<br /> S I Borrower any interest or earnings on the Funds. Borrower and L.ender may agree m wdting,however,that interest shall be ��.
<br /> ' ' paid on the Funds.Lender shall give to Borrower,with o u t c h a rg e,a n a a n u a l a c c o u n t i n o f t h e Funds,showin g credits aad ,���; i`===-
<br /> •,. u;:• ,�•�;.
<br /> �� �� deblts to[he Funds and the purpose for which each debit to the Funds was made. e Funds are pledged as additional ::� �4,t^
<br /> .... 1 I �PCnritv for all sums secuted by this Security Instn►ment. ''� �, �,�
<br /> � +If the Funds held by I.ender exceed the nmounts I�ermitted to be heid by applicabic 1uw, L.eadcr shatl accaunt to ---
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<br /> Borrower for the excess Funds in accordance with the requirements of applicable law.If the nmount of the Funds beld by �.
<br /> Lender at any time is not sufficient to pay the Escrow Items when due,l.ender may so notlfy Bottower in wdting,and,in ��.�
<br /> such case Borrower shall pay to L.ender the amounc necessary to make up the deficiency. Borrower shall make up the �-`-
<br /> , � deficiency in no more then twelve monthly payments,at Lender's sole discretion. t�•�
<br /> � Upon payment in full of all susns secured by this Secudty Instrumeat, Lender shall promptly refund to Borrawer
<br /> any Funds held by Lender. If, under paragraph 21, Lender shall acquire or sell the Property, Lender, prior to thc '��
<br /> � ;� ac:quisition or sale of the Property, shall apply any Funds held by i.ender at the time of acquisitioa or sale as a credit
<br /> #_ agamst the swns secured by this Security Instrument. �. ,
<br /> • �,. 3. AppUcation of Payments. Unless applicable law provides otherwise, all payments received by Leuder under +
<br /> � paragraphs 1 and 2 shall be applied: first, to any prepayment chazges due under the Note; second, to amounts payable __ __
<br /> � under paragraph 2;third,to interest due;fourth,ro princlpal due;and last,to any late chazges due under the Note. �._____
<br /> � 4. Cl�arges; Liens. Bonower shall pay all taxes, assessments, charges, fines and impositions attributabl if ye ��,Y
<br /> ` Property which may attain prtority over this Security Instniment, and leasehold payments or ground rents, ���
<br /> Borrower shall pay these obligations in the ma�er provided tn paragraph 2, or if not paid in t�at rnanner,Borrower shall
<br />- . pay them on time duectly to the person owed payment. Borrower shall promptly fumish to Lender all notices of amounts __ _
<br /> . to be paid under this paragrapi�. If Borrower makes these payments direotly. Honower shall prompdy fumish to Lender r
<br /> ; . receipts evidencing the payments. �'=_ ____
<br /> { Borrower shall promptly discharge any lien which has priority over this 5ecurity Instrument unless Bonower:(a) __
<br /> s ; agrees in wri�ing to the payment of the obligation secured by the lien in a �er acceptable to Lender;(b) contests in _ - -- �
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<br />� � � good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the I.eader's opinion __ _ _
<br /> � operate to prevent the enforcement of the lien;or (c) secures from the holder of the lien an agreement satisfactory to -
<br /> _� . ? Lender subordinating the lien to this Security Instrument.If L.ender deterrnines that any part of the Property is subject to a -•
<br /> lien which may attain priority over this Security Instrument, Lender znay give Bonower a notice identifying the lien. �•` ?�.;:;
<br /> � � Borrower shall satisfy the lien or take one or more of the actions set forth above wiWin 10 da�s of the giving of notice. `, :;
<br /> 5.Hozard or PropeMy Insurnnce. Bonower shall kecp the improvements now exisUng or hereafter erected on the � ' .,�..,•�'"`�
<br /> , s x . �,.c.f- >
<br /> Property insured against loss by fire, hazards included within the term 'extended coverage" and any other hazards, ;��}.�f,''M��.: , ;�
<br /> Form�31028/�9190 fp$\9�e 2 0161 '' '� `'� '--
<br /> � BAtaKERSSrSTEn�S.iNC.ST.C�WD,MN 68302���800•39)2341�FORM MD•t NE Zi5l9t �trs�— �-�--�- ,
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