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<br /> ,t t 9.Inspe�ton. Lender or its agent may make reasonable entries upon and inspections of the Property. l.ender shali ,
<br /> -- --- ---- give Barrawer soucc az We tisne of ar prior to an inspection specifying reasonable cause for the inspection. _ _ _ ____
<br /> � . 10.Coademaation. The proceeds of aay award or claun for damages.direct or consequennal.in wnnection wiW . .. •
<br /> •�� any condemnation or other taking of any part of the Property. or for conveyance in lieu of condemnatioa, are hereby , �
<br />.��'� ass�gned and shall be paid to l.ender. ; � _
<br /> . � In the event of a total taking of the Property. the proceeds stiall be applied to the sums securod by this Security ; .
<br /> ,'�:: Instrwnent,whether or Aot then due,with any excess paid to Borrower. In the event of a partial taldng of We Pcoperty in ' ,
<br /> which tbe fair marlcet value of the Property immediately before We taking is equal to or greater than the amount of the
<br />' �:` • sams secund by this Security Instrument immediately before the taking,unless Borrower and Lender otherwise agree in � :
<br /> �:r � . writing. the sums secured by ti�is Secvrity instrument shall be reduced by the amount of the�mceeds multiplied by the . , '<:.
<br /> follovnng fraction:(a)the toral amount of the sums secured immectiateiy before the taking,divided by(b)the fair market • �i:,:.=�
<br />::�� vatue of the Pro�erty immediately before t6e taking.Any balance shall be paid to Bomnwer.In the event of a partial tatcing f • �--
<br /> � � of the Property w whub the fair market value of the Propecty immadiately before We taking is less than We amouni of the ; `.'';�_
<br />._�:�;, �. .. ' surns secured immediately before the taking, unless Borrower an d L en d er o t herwise agree in w:i t i ng or u n l e s s a p p l i c a b l e � � �
<br /> law o t heiwise pmvi des,t he pso o e e d s s h a l l b e a p p l i e d t o t h e sums secured b y this Secun ry �m t whether or not the � . ,.��
<br />�'1` suws are then due. l `". �
<br /> 4� . � If the Pmperty is abandoned by Borrower.or if.after norice by l.ender to Borrower that thc coademnor affezs to :
<br /> . � :'r�,.�
<br /> make an awazd or settle a claim for damages,Borrower fails[o respond to Lender within 30 days after the date the notice ; �••F�
<br /> � � is given,Lender is authorized to collect aad.aPPly the groceeds,at its apuan,either to resroration or repair of the Pcoperty � . ' :. '.y;'�
<br />';f` ..�• or to the sums secured by this Securi,ry lastniment,whether or not t6en due. � {—
<br /> :?; • � • Uriless Lender and Borrower otherwise ag�ee in writing,any application of pmceeds to principal shall not eatend or . " -:�'s
<br /> :!,:. postpone the dwe date of the monthly payments referred to in paragraphs I and 2 or c h a n ge tIIe amount of such paymenis. ` �:-�
<br /> ;;� • 11. Bormwer Not lteleased; Farbearance By Leuder Not a Waiver. Extension of the time for payment or .. -
<br /> madification of amortization of the sums secwed by Wis Securir�Instnunent granted by l.ender to any successor in mterest • � �. .:�h.
<br /> " ' Barrower shail not erate to retease the liability of[he orig�nal Borrower or Borrower's successors ia interest•lender �. � ��'?�'�,�
<br /> .�i� . �shall not be required te�omucence proceedings against any successor in interest ar refuse to exteud time for p�ent�oe • - �:--
<br /> ',,!:-
<br /> othernise modify amorti�atlon of the sums sec�red by this Securiry Instnunent b�+ reason of any demand y :��'
<br /> '•c;. ,.
<br /> . original Borcower or Borrower's successors in interest. Any forbearance by Lender m eaercising any right or remedy shall :�`'
<br /> not be a waiver of or preclude the exercise of any right or remedy. - , ' ��` �
<br /> • ' 1Z.Succ�essors and Assigas Bound;doint and Severat Liab�Ity;Co-sigaeis. 'fhe covenants and agreemenu of •_. �S,_"ti
<br /> ,±, this Security Insuument shall bind and benefit the successors and assigas of lender and Bonower, subject to the �'- . _-
<br /> r; � provisions of paragrapb 17•Borrower's covenants and agreemenu shall be�o�nt and several. Any Borrower who ca-signs � � �':���:.
<br /> this Security lnstrument but does noi execute the Note:(a)is co-signing ttus Security Instrument only to mortgage,gant .. �,
<br /> ` � and convey that 8orrower's interest in [he Property under the cerms of this Secunty Instrument; (b) is not personally � ;?�^o
<br /> '•' • obligated w pay the sums secured by this Secunty Instnunent; and(c)agrees that Lender and any other Bormwer may �'•::��.
<br /> , � � agree to extend�adify,forbear or make any accommodations with regard to the tem�s of this Secunty Instrument or the _ • :`�:"�
<br /> ' . .. Note without that Borrower's consent. � , . ,�-�
<br /> t 13. Loaa C h a i ges• [f the loan secured by this Securit y 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 coll� in ;�
<br /> . j connection witb the loan exceed the permitted limits, then: (a> any such loan charge shall be reduced by the amount ;.�,��,
<br /> j necessary to reduce the charge to the permitted limit; and(by any sums already collected from Boaower whui�exceeded ;:;.�_
<br /> permitted limiu will be refunded ta Borrower. lxnder may choose to make this refund by reducing the principal owed � ' : _
<br /> � under We Note or by making a direct payment to Borrower.If a refund reduces principal.the redudion will be ueated as a �� �
<br /> � • parti a l prepaym e n t w�t h o u t a n y p r e p a y m e n t c h a r g e_u n d e r t h e N o t e. ' .;r 5
<br /> ' � . 14.Notic�. Any notice to Borrower provided for in this Secvrity lnstrument shall be�iven by delivering it or by .
<br /> - • , mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the � :
<br /> ' 11 Property Address or any other address Borrower designates by notice to l.ender. Any notice to Lender shall be given by . .
<br /> � 1 first class mail to Lender's address stated herein or any other address Lender desigaates by notice to Bonower.My notice
<br /> .%�y ' provided for in this Securiry Instrument shall be deemed to have beea given to Bonower or Lxndet when given as provided ' •
<br /> � � m this paragraph.
<br /> ���, � 15.Goveming Law;Severabllity. This Security lnswment shall be govemed by federal !aw and the law of ihe �
<br /> � < �i jurisdicuon in which the Properry is located. In the event that any provision or clause of this Security Instn�ment or the . �
<br /> I Note conilicts with appiicable taw,such wnflict shall not affect other provisions of this Security Instrument or the Note .
<br /> ' '�.. � which can be given effect without the conflicting provision.To this end the provisions of this Security tnstrument and the �
<br />'_;;- " ; Note are declared to be severable. ' � ,
<br /> ' . ' 1G.Borrro�ver's Copy. Borrower shail be given one conformed copy of the Note and of this Security Insmiment. • .
<br /> '•"'� � 19.Transter of the Property or a Beneficial Interest in Borrower. if ali or any part of the Property or any i �
<br /> ' interest in it is sold or transferred(or �f a beneficial interest in Borrower is sold or transferred and Borrower �s not a �: , •
<br /> ? natural person)withovt Lender's prior written consent.Lender may,at its option.require immediate payment in full of all �
<br /> . sums secured by this Security lnstrument. However, this option shall not be exercised by Leader if exercise is prohibited
<br /> by federal law as of the date of ihis Security Instrument. �
<br />_ ' If Lender exercises this option.l.ender shall give Bonower notice of acceleration.The notice shall ptovide a period . ,
<br /> • � � � of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured
<br /> . • Form 3028 9/90 Ipage 4 vI 6l
<br /> Y}� i
<br />�- � . � BANKEpS SYSTEMS.�NC..St CLOUD.MN 58302 11 800 397 23411 GOAM MO I NE 2/5i91 ��— -���-`� '
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