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<br /> _ L, �`. �'' t.9.y�p�on. Leader or its agent may make m�nable e�es upon aad inspe�ioas of th er shall � . .;c,.F�
<br /> e Pcoperty. Lenct
<br /> � �� t give Borrower notice at ttte t�me of or prior to aa inspecttoas���fy�reasonabte cause for the inspectioa. ` � `
<br /> .` IQ.Conde�natEoa. The pnooceds of any award or ctaim�or-damages,dimct or conse�e�a1.in co�e�ion with ,E_�;;.}`` 4 .
<br /> � .' aay wnde�arion or osh�taking of aay part of the Property. or for oonveyaace ea Ueu of condemnation.ure hereby ' �
<br /> �'- , asstgned and shall be pafd to Lender. : � ,
<br /> . . In the event of a tatal taking of the Property, the pmceeds shall be a�plIed to the svm4 secuted by Wis SecurIty � � �
<br /> . instrument.whether or not then due,with any excess paid w Borrawer.ln t�ee eveai of a partial taking of the Progerty in �
<br /> � . ••• ` wh:ch t8e fair market value of the Pmperty�ediatety 6efore the tatcing is eq►ral to or greater t5am the amount of the ` � '
<br /> . .`.s `. sUms securEd by this Sec�uity Insttumeat immediazely before the taking,anless�$orrower and Lender othetvrise agee in , ` , _ �
<br /> :' :;:-.��-T-�4" wrIting, We sams secured 6y this S Insaument shall be reduced by the amount of the�roceeds multiplied by the _ .
<br /> - -- following&action: (a)the wtal amount o the sums seWred immgrtiatP�y hefos�e the taking,div�ded hy(b?the fair market -; � - - ---
<br /> �� �. -� value of the Pro�ertv immediately before the�� Any balance s6aU be paid to Borrower.dn the event of a putial taking ' . �
<br /> of the Propemr�a which the fair mazket value af tTie Property immediately 6efore the taldng is less thau the amouat of the �`•;`�
<br /> . � sums s�immediatety before the�aking,uWess Botmwer and Lender otherwise agree in writing or tmless applicable '.� `�'-
<br /> ra
<br /> • , .�`:. � law otherwise pmvides,the pioceeds shail be applied to the svms secvred by this Securiry Instmment wheiher or not the ,
<br /> . snms a�thea due. � . .
<br /> . ° • . ' If the Property is abandoned by Boaower,or if.aRer natice Iry Lender to Borrower that the condemaor offers w . _-
<br /> - make aa award or s�tte a claim for damages,Borrower fa�s to respond to Ixader within 30 days after the date the notice '`` ` �`'. ��
<br /> . .f. . � , - is given,Lender is authorized w collect�d apply the pmceeds,at its option,either W reswra8on or repair of tfie Ptoperty . � .� .::''".j
<br /> , � : or to the sams secured by this Security Iastrament,whether or not then due. : �r,,., .
<br /> �.. +. . Untess Leader and Borrawer otherarise agree in wrlting,any application of pmceeds to priacipal s6all aot extend or =__
<br /> ' - Po�Pone the due date of the montlily payments referred to ia paragraphs 1 and 2 or change the amount of sur�paymeats. - -
<br /> . il. Borrower Noi Releaseti; Eosbearance By I.�det Nai�a Waiv�. Extension of the time for payment or -
<br /> . .. modificaiion of amortfraiion of the sums secured by t h i s Searrit�r I n s t r u ment gr8sted by Lender to any succ�ssor Ia iateiest `�< � `,__._
<br /> . � . . of Borrower shall not operate to release the liability of the origmal Sorrower or Bormwer's succ�ssors ia interest. Lender ' ' _`,�-:.-
<br /> •` . ., �`; stiall not be r e q n i r e d to commeace pro c e e d i ags against any successor In interest or refnse to euend time for pa or � �;,,:.:�
<br /> . ,. , �;;, oiheradse mociify amor�on of the swns secured by this Security Instrument b�+iseason of any demaad �the ,� • -'�°��
<br /> , origiaal Boirower or Borrower's successois in interest.Any forbearance by Lender m exercismg any righi or retnedy shall • '.�-�`�'
<br /> � � , not be a weiver of or prectude the exercise of rig6t or remedq. �`s_ ;
<br /> 12.Suocesors and Botm •do t aad Several Liabili - �.�
<br /> '•`r tY3 Co-ss'sgaeis. 'Ii�►e covenants and agreemeats of
<br /> �
<br /> ' . this Security Instrameat shaU�b ud and benefit t6e successois and assigns of Leuder and Borrower, subJ'ect to the � �:'�="
<br /> ` ;. . �;.`- provisions of parag¢aph 1?.Boriawer's covenants aad agreements shali be joint and seve�ai. Any Borrower who co-signs :.:.` �.-:�•
<br /> this Security r.,�rr�,,,,e�,r but does not execute We Note:(a)is co-signing this Sec+uity Instn�ent onl W mortgage,Brant �.: �� -�-
<br /> : . . , . aad convey that Borcower's interest in the Property under the tee�ss of this Se�auity inson�meat;�b) is not petsonally '�
<br /> t
<br /> obligated w pay the sums s�by this Security Instrument;and(c)a�tbat Leader aud any otLer Bormwer may � �-�_
<br /> '`.�• :.��•�.r.
<br /> ag�w extend,taodify.foshear or m�tce aay accommodations with regard to the tenns of Wis °---
<br /> . � . Note arithout tbat Bormwer's consent. ��Y�savment or the `• r .�.�,,.�
<br /> ; . 13.Losn es. If We losn secured b this 'Y�'
<br /> C� Y ���is subjecc to a law whic6 sets maximum loan
<br /> ' • . . chazSes, and ti�ai 1aw ts fmally interpreted so thaat We interest ar other loan charges cullerted or to be collecxed in - -
<br /> , : ' .. coffiection wit�the loan eaceed the permitted limits, then: (a) any such loan charge shall be reduced by the amotmt � ."���.....
<br /> . , . � . . necessary to reduce the charge w tbe permitted limit;and(b)aaY sums already collected from Bormwer wIuch exoeeded �• '� ��:.
<br /> • pennitted limits will be refunded to $orrower. Lender ma choose to make this refund b reducin the ` ' �
<br /> . . uader the Not�or b makin a direct a y Y 8 P��PaI owed . .,:r.,,.:..,,,,
<br /> � Y. g p yatea�t w Boaower.If a tefund reduces principal,the reduction w�71 be treated as a •_•,3�"'
<br /> t: ' . . ' .: P�P�Payment anthout aaY P�PaY�t�t8e under the Note. , . .,,,..
<br /> . �``,;;� 14.t�Iottces. Aay noace to Borrower provided for in this Security Instrument shaU be piven�by delivering ii or by . ; . ,���,
<br /> -��- • -�� �•:• -=, mailing it by first class mail untessapplicable law reyuires use of another method. The nauce shall be directed w the � ` -
<br /> � � . • ' Property Address or any othec address Borrower des�gnates by notice to Lender. Any notice to Lender ahall be given bq .� "' ••� ..'"�'-��
<br /> • . �s' first ciass mail to Lender's addre�ss stated hereia or aay other address L,ender designates by nolice to Boaower.Any notice � "_�-�--
<br /> . �ro�ded for in this Security Instrument sha11 be deemed to have been grven to Borrower or Leader when given as provided . .. � . •�_-
<br /> ; ���
<br /> '�„• � . �;'.•5 15�G�overning Law;Severab�7ity. This Security Insqvmeni shall be govemed by federal law and the Iaw of the ' •, s"
<br /> ' urisdictiaa iu wluch the Pro '�:.'��
<br /> perty is located.In the event that any pmvision or clause oY this Secnr3ry Instn�ment or the
<br /> . �ote conflIcts withapplicable law,such conflict shall not affect other provisions of this Security Insaument or the Note � ` ��;�L
<br /> _ • _ which can be given effoct without the conflicdng provision.To this end the pmvisions of this Security Inst:ument aad the -
<br /> � • • ". Note are declared to be severable. -,_ .',�' . �� ---
<br /> , . . 16.8or�ower's Copy. �orrower shall be given oae confomred capy of the Note and of this Searrity lnstrument. ' � '� ��!.:�
<br /> , 17.7YansPer of the Property or a Benetidal Interest in Borrawar. If a11 or any part of the Property or an � �� ' .
<br /> . � interest in it is sold or transferred (or if a beneficial interest in Bartower is sold or transfezred aad Borrower'ss not a �
<br /> , . naturat person)aithout Lender's prior written consent,Lender may,at its option, req�ire l�nedlate payment ia full of all --
<br /> ' � • sums secured by this Seauity Instnunent. However,this option shall not be exerc�sed by Leader if exercise is prohibited �
<br /> ' by federal law as of the date of this Secnrlty Iastr�ment. �
<br /> ,- • . : If Lender exercises this option.Lender shall give Borrower aottce of acceleration.7he notice shall provide a petiod • `
<br /> . . � of aot less than�0 days from the date the nadce is delivered or mailed within which Boaower must y all sums s . .
<br /> ;
<br /> ' . . Form 0 ! 0/pag 4 f 61 ' • �
<br /> • � BANKEBS SYSTEMS,INL..ST.CLOUD,MN 6830211•804397-2351)iOHM MD-t�t7E 218l91 . ��• � �
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