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<br /> � � 9, inspectioa. l.endtr or its agen[may make reasonable eatries upon and inspections of the Prvperty.Lender stQa11 . . -
<br /> •r
<br /> ;�•� give Borrower notice at the cime of or prior to An inspection specifyinS reas°nable cause for the inspection. , __
<br /> 10.Con�e�natfon. The procePds of aay award or ctainn for damages,direct or rnnsequen6al,m rnunection aritb �. . , �=
<br /> any cond�a►natian or other taking of anY Part of the PropertY• or for can�eyance in lieu of conde�nadon, arc hereby � � ,-
<br /> ass�gned and shall be paid to Lender. ; .
<br /> � In tlte event of a mtal taking of the Praperty, the proce�s shall be applied to the sutns scxured by ihis Secvrity
<br /> � Imswment. c�hether or not then due.with any excess paid to Boaower. In tl�e event of a partlal takiag of the Property in , ---
<br /> whic6 the fair market value of the Property immediately before the tnking is equal to or greazer than the amount of the �
<br /> sums secured by this Security Instrument unmediately befare We taking.unless Botrower and Lender otherwise agree in
<br /> - �vricing, the sums secvred by this Security Instrument shall be teduced by the amount af the proceeds multiplied by We
<br />--- fotiowing frxttion: (a)the total amouat of the sums secure�i i►nmediately before tLe taking,divided by(b)the fair market - - ----. _
<br /> value of the Property immediatelY hefore thc taking.e+►ny balance shall be paid to Borrower.In the event of a partial ta'.cing . .
<br /> of the Property m wtuch tbe fair marlcel value of the Property immed�'cately before the tatcing is[ess titan the amouat of We �• . ., _
<br />: sums secured immediately hefore the taking. unl i�t the sums secured by this Sec�i�ty Instrument whether o�rPaot th�e " ' .
<br /> . [aw otherwise provides.the procee�s shall be aPp _ . °
<br /> sums are then due. �., . .. . , � .
<br /> If the Property is abandaned by Borrower.or if,after notice by Lender eo Boaower Wai the amdeannor offeas to
<br /> make an award or seule a claim for damages,Borrow�fails to mspand to Lcudes within 30 days after ihe date t6e notice . .
<br /> '�::� is given,Leuder is authorized to colteci and apply the proceeds,at its opiiou.either to restnration or repair of the Property , ,:--::r;3.=;:._
<br /> or to the sums secwed by this Security Insbrvment,whether or uot t�C2n due. - �•ri;;�,-..�`
<br /> '`+ Untess L.ender and Borrawer oth�se agree in writing,z�y�rplicaiion of proceeds to principal shali not extend c� �._
<br /> ��'=�•r�
<br /> � i pastpone the due date of We montbly pa5�u►ents referred to'n Pas��i�s 1 and 2 or cLange the amount of such paymeurs- ,, ��N --
<br /> .; 1 11. Boreower No3 Reiease�; Forbearanse By I.endea Not a Waive�. Factensicm of the time fcr�payment or _ ��� ���"±:��-
<br /> a;,� ._-•�-
<br /> ��cation of amorti�afion of the sums securefl by t�s Se�itY Ins�ment granted by Lend�to anY sac�c�r in i��st '�'"y-
<br /> ..�,.?'""•``':"�:�
<br /> " af Horrower shaU not oper�ate to nlease the liability off the arigina!Bonower or Borrower s suocessors in�tzrast L�d� • r ���,.
<br /> per
<br /> shall nat be require�to commence proceedinP,s a8amst any sucaessor in interest or refuse to extend time f�r pa t or ` .�;-_-`---
<br /> otherwise modify amordzation of the sums se�ured by tbis Sernrity Instrumeut by reason of any demand�tlis '.��_�
<br /> �.:�-
<br /> original Borrower or Soaaower s suocessrns in interest Any forbearance by Lender in eaercising any right or r�edy s4a11 �;.r ; R�,,�„�„
<br />�- not be a waiver of or pqerl�de ttte exercise of any ri�t ar remedY• �. .�.he co�ena�ts�d ���of -"�� � � �`
<br /> 12. Succ�ssors r.�Assfgns Bouad;Joint s�l Sevrral Liab�ihq C�ig� � � �' ;._
<br /> �,.,, ..--- _. ,
<br /> ::i;;_.
<br /> Wis Security Insmimeat shall bind zmd benefit e5z succ�sssors and assi�s of Lendea and Borrawes, su�ect to the {�_ . •, � �aa�u.
<br />�,:r-�, provisions of paragaph 17. Borrowei s c�vensn�s and agreements shall be joini and several. Any Borrower w o co-sig�s : : � . . �.q_
<br /> .-� this Secvrity Inswment but dces nat ea�ecute the Note: (a)is co-s'sgnin8 this Secauity Insuumeat only to mortgage.S�z ` ��, ,ii'•,
<br /> and convey that Banower s interest in We Property undea t�a reams of this Secimty Instr�maeni; (b)is not pedson211y •'F . '��,r.:;� ,..
<br /> • obti gated to pay We sums secured by tius Se.curity Irosuument;�d(c)agrces that Lendea and any other Borrower may
<br /> agree to extend,m o d i f y. fo r b e a r ar m a k e a n y a c c o m�o 8 a t i a n s w i t b r e g a r d t o t h e t a m s o f U ri s S e c u n ty I n s w m e nt os the � : :_•�. , �:
<br /> .. Note withont that Borrower s canseaL . . ��• �
<br /> l3. Loan C6asges. If thc loan secured by this Securiay i�su�ent is sabject to a law whtch sets max�mt�1�oan
<br /> - charges. aud Wat taw is finally intexQreted so that the inie��� r-er other loan charges cai3e�ed or to be oollecte�l � • � :'.
<br /> • connection wiW tbe loaa exceed the permiue� limits. thea: (a)�y such loan charge shall be rednoed by the z�R �
<br /> n�cessarY to reduce the charge to the permitted limit;and(b)any snms aheady co1ledsd from Borrow�wtucb exo�e3 . '��.:'
<br /> . permined limits will be refunded to Boaower. Lea�r may choose to make�rs refand by rednc�ng tbe princ"spal o�r� . � ��
<br /> ��::
<br /> und�the Note or by ma'k�;a direct Payment w Barmwer.If a refund redac�s�.smcipal,the reduGion wa�Il be�ted as a �,�:::` :�,. �:`�..,��� �
<br /> y` I
<br />..,,�,; Partial prepaYmeut anthom any prepayment charge andQr the Note. .,�'� .
<br /> :i!"., 14.Noflces. Any notice w Ba�ow�provIded for in tlus Seca�rity Insmimeat shall be given by delivering it v,r IDy r:,f;�r, , _
<br /> mailing it by first ctass mail nnless applisabie law reguires n�of another method. The notice shaU be directed t�� ;:�.,�4:
<br /> Prope�ty Address or any other address Borrower designates by no�ice to Lender. My notive to I.enda shall be gi�•e�bY ;.-_:_
<br /> fust class mall to Lender's address stated hereia or any othe.r address L.eade,r designates by nouce w Borrower.Any noitce -- -
<br /> . provtded for in this Security Insuument shall be de�ed to have been given to Borrower ar Lenda when gne;�as pravlded ;,;:�,—
<br /> m this paragraph. --
<br /> I5.Governing L�w;Severabitity. This S�ty Inst�ent shall be govemed by federal law and the law of the
<br /> jucisdiction in wWch the Property�is located.In tbe evemt tl�:aa3�provision or clanse of Wis Secasiry Inst�tent or tL� �.__�,
<br /> Note conflicts witb aPPlicable law,such conflict shall noi af#'ect oiherprovis�ons of this Seauity Insm�ent or the Nate -
<br /> which can be given effax aitlioat the conflicdag pff��'�sion.To ihis end the provisions of this Seturity ins�at and the ���m,w.'
<br /> ;. Note are declared to b��zverable. _z._:_.
<br /> .�',...: 16 Borrower's Qanpy. Borrower shall be �en one wnformed copy of t�►e Note and of Wis Sewrity Instrumeat _ _ -
<br /> ..,.,,.. g�.Trs�a9fer of the Property or a B�da!Interest in Borrawer. If all or any part of the propesty or any _-� - '_
<br /> ;�j�:?� inte�est in it is sold or aansferred(or if a 6enefaal inuxest Q�orrower is sold or transferred�d Borrow��s not a .:_-:
<br /> . nataral Person)without Lender's pr�or written canseat.Lender��gr,at its option,requ�re imm.+;ar _Daymeut in full of aU �,'���-�;_
<br /> stims secured by this Secvrity Insvument. Howeves.this optton ahall not be exercjsed by Lender if execriss is prohibited � . .. .,�.,`
<br /> . by federal law as of the date of this SetvritS+Instrm2nt. �,"�°'�'..:,.°
<br /> � If L,ender eaercises Wis optlon,Lender sha�g:�e Bonower notice of acceleration.The noUce shali provide a pea'iod F"'�=`�� -��°
<br /> of not less than 30 days from t6e date the notice is delivercd or mailod witbiu which Borrower must pay all s�ms secaued ��--...,,��.--__
<br /> Fortn 3018 9/90 fpage 1 of 61 ''�_
<br /> �. � 1��. --__---==
<br /> BANKEPS SVSTEMS,INC..ST.CLOUD.MN 58362 It•800-397-73�11 FORM ND�1�1E]!5/91 �
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