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<br /> RE-RECORDED � � .
<br /> �� � � ` ' ??°� iid24'� 9$- �.C�t�95'� .� . ,.
<br /> 9.Inspection. Lender or its agent may make rea.�onable entries upon And inspections of the Property. Ixnder shall '
<br /> give 9onower notice at die time of or prior to an lnspection specifying reasonable cause for the inspectlon.
<br /> 10.Condemnation. The proceeds of any award or cl�im tor damages,dlrcet or conse4uential, in connection wlth _
<br /> 'i any wndem�tatian or other taking of any part of the Propeny, or for conveyance in lieu ot condemnation, are hereby -
<br /> assigned nnd shall be paid to L,�nder.
<br /> i In the ev�nt ot a total taking of the Property, the proceeds shull be npplied to the sums secured by this Securlty , _
<br /> lnstrument, whcther or noc then due, with anY cxu:ss paid to Borrower. (n �he even� af a partiul taking of the Property in
<br /> , whlch the fair market value of the Property Itnmediately befote the taking is equal to or greater than che amounc oi thr
<br /> sums secured by this Security Instrument immediately before the taking, unless Bonowcr and Lender otherwise agree ln
<br /> wdting. che sums secured by thia Sccurity Instrument shall be reduced by the amount of the proceeds multiplied by the ,
<br /> � I following fractian: (a)the total amount of the sums secured immedlately before the taking,divided by(b)the fair market (, ,
<br /> � value of thr Property immediately before the taking.Any balance shall be patd to Borrower. In the event of a partial taking . ;:
<br /> � of the Property in which th�fair market value of thc Property immediarely before the taking is less than the amount of the . ; , '.
<br /> � s u m s securcd immediatel y before the taking, unless Borrower and l.ender utherwise agree in writing or unless applicable . ,.�;j�'y���
<br /> law otherwise provides, the proceeds shall be applied to the sutns secured by t his Secun ty Ins t r u m e n t whether or not the ;;_�;_;�..�:-
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<br /> swr�are then due. ." -
<br /> If th�Property is abandoned by Borrower, or if.after notice by Lender to Borrower that the condemnor offers to __ _
<br /> make an award or setde a claim for damages, Borrower fails ro respond to Lender within 30 days after the date the notice �''"',-
<br /> 1 ia given, Lender is authorized to collect and apply the Procxeds� at its option,either to restoratton or repair of the Property .
<br /> i or to the sums secured by this Security Instrument,whether or not 1hen di�e.t�on of raceeds to riaci al shall not extend or . :•���r"
<br /> � Unless Lender and Borrower otherwise agree in wdting,anY aPP p p P ,; ���
<br /> pastpone the due date of the monthly payments referrai to in paragraphs 1 and 2 or change the amount of such payments. •,,,
<br /> � 11. Bonower Not Released; Forbearance By Lender Not a Waiver. Extenslon of thc cimc for payment or ::.�_.
<br /> � modiflcation of amortization of the sucns secured by this Securlty Iastrument granted by Lender to any successor in interest L�
<br /> of Bonower shall not operate to release the liability of the orig innl Bonower or Borrower's successors Ia interest. Lender :�,�,.;_
<br /> � � shall not be required to commence proceedings against any successor in interest or rcfuse to extend time for pa ent or �
<br /> I otherwise n�odify amortization of the sums secured by this Security Instrument by reasoa of any demand �by the ;, �;
<br /> ti original Borrower or Borrower's successors in interest. Any forbearance bY Lender in exercising any rtght or remedy shall �.`��. �,
<br /> r i not be a waiver of or preclude the exercise of any right or remedy. -•�
<br /> 12. Successors and Assigas Bound;Joint end Several LlablUty; Co-signers. The covenants and agreements of ;�;;�;.,�
<br /> ��;� I this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subj ect ta the ��,w:^' .�_
<br /> " � I provisions of paragraph 17. Bonower's covenants and agreements shall be�oint and several. Any Borrower who co-signs T'
<br /> , , this Secudty Instrument but does not execute the Note: (a) is co•signing this Security Instrument only to mortgage, grant �i�__
<br /> I and convey that Bonower's interest in the Property under the terms of this Secunty Insuument, (b) is not personally ��::
<br /> �� i obligated to pay the sums secured by this Secunty Instrumeat; and (c) agrees that Lender and any other Borrower may •r__
<br /> - ' agree to exteud, modity, iorbear or makc uuy a�ammada=io��..'lth regard t�the terms of this Security Instrument or the _
<br /> Note without that Borrower's consent. ':�`-_
<br /> 13. Loau Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan
<br /> charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in i�-_
<br /> connection with the loan exceed the pernutted limics. then, (a) any such loan charge shall be reduced by the amount �-
<br /> � pecessary to reduce the charge to the permitted limlt; and (b)any sums already collected from Bottower which exceeded
<br /> permitted l�mits will be refunded to Bonower. Lend�r may choose to make this refund by reducing the pdncipal owed • �,�`
<br /> r under the Note or by making a direct payment to Borrower. If a refund reduces principul, the reduction will be ueated as a .�
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<br /> partial prepayment without any prepayment charge under the Note.
<br /> 1� 14.Notices. Any nottce to Bonower provided for in this Security Instrument shall be given by delivering it or by
<br /> �- matling it by first class mail unless applicable law requires use of another method. The notice shall be directed to the �
<br /> � Property Address or any other address Borrower designates by notice to Lender. Any notice to L.ender shall be glven by -
<br /> first class mail to Lender's addresa stated herein or any other address Lender designates by notice to Bonower.Any notice
<br /> . K' provided for in this Security Instrument shall be deemed to have been�iven to Bonower or L,ender when givea as provided �
<br /> � in t�is pazagraph. _
<br /> 15. Goveraing Law;Severability. This Security Instrument shall be govemed by federal law and the law of the
<br /> judsdiction in which the Property is located. In che event that any provision or clause of this Security Insuument or the
<br /> Note conflicts with applicable law, such conflict shall not affect o:her provisions of this Security Insuument or the Note v
<br /> � : which can be given effect without the conflicting provision.To this end the provtsioi�s of this Security Instrument and the Y _ _
<br /> "•�i ; Note are declared to be severable.
<br /> � � 16.Borrower's Copy. Borrower s ha l l be given o n e c o n f o r med co p y of the Note and of this Securtt y Instrument. ��r----
<br /> '� k; 17. Transfer of the Property or a BeneFictal Interest in Borrower. If all or any part of the P r operty or any G_�.. �Y '
<br /> interest in it is sold or transfened (or if a beneficial iaterest in Bonower is sold or transferred and Bonower is not a �`,'-`°
<br /> ' I natural person)wi t hout L en der's prior wri t te n c o n s e n t,L e nder ma y,at its o ption,require immediate payment in full of all .__
<br /> �` � siuns secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited _�w
<br /> t by federal law as o f t he date o f t his Securi ty I n strument, �,_-t�. ,
<br /> If Lender exerctses this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period :t;��� S.�
<br /> of not less than 30 days from the date the notice is delivered or mailed within which Bonower must pay all sutns secured , ,�
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<br /> , Form 30?8 9l90 fPe� .,T. ;��;.,;;..�,
<br /> BANKERS SvSTEMS,iNC.5T.CLOUO.MN 68J02 11�800397•23411 FONM MD�1•NE 7/6/91 ` � •�+11(r:4'
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