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<br /> • .. �!` � TOGETHER WtfH all the �' pm��ts now or hereafter ececced on the pm�ertY, and all easements, .. . °�_
<br /> • < ,. �' i a p p u t t e n a n ce s,a n d 5 x t u r e s n o w o r h e r e a ft e r a part of the P�P�Y-��laceinQnts and add2tions shaU aiso be oovered :. -.�. �<
<br /> ' . � b tWs�auitY�ns�u�ent-All of the forega�in8 is tefetred to iu t8is Seauity I n s t r u m e n t as t he"P r o p e rt y;" � ,'. � ` ,
<br /> ' Y g oxxowae C o v a varrts that Borrower is Iawfiully seised of the estate hemby coaveYed and has the nght to grant and �.•
<br /> � ts unencum6ered excePt for eacumbrances of ieco r d. B oirower warrants and . •
<br /> � . ,.-i convey the ProPertY aud that the Pmpercy� all ciaims and demands,subject w aay enc�umbrancxs of�ecord. t. .
<br /> . ` . 1 will defend generally the nile to the Ptoperty aSains� .
<br /> . ; �� � �. ; 'fe�s Sbcuxm INSrttun�^�'oombines uniform oovenaats for national use aad noa-unifoffi covenants with limnted _
<br /> ; msuument ooveting�eal pmPertY•
<br /> , `j variarions by jurisdiction ta eonstlmte a uniform securicY� -.
<br /> j Uc�ox[�Cov�nrrrs.Boriower and Ixader covenant aad agree as follows: when due
<br /> - -- 1.Payment of 8irincipal and Interest;PrePayment and Late Charg�cs. Bormwer shall pmrnptlY PaY ` y
<br /> .- �i � a aad late c.t�arges du+a ender the Note. :, y �` ., _
<br /> the principal of and mteresc on the debt evidenced by the Ivote and any Pr� 3+meat
<br /> 2.Funds for Taxes and Insurance.Subject w aPPlicabte iaw ar to a wciiten waiver by Lender,Boaower shall PaY
<br /> w Lender oa the day monthly payments ue due vnder the Note, unril the Nate is paid ia fall, a sum("Funds")for. (a) , .. ✓,
<br /> ear1q taxes and assessm�ts wluch may suam pnority ovu this Seauitq lnstrument as a lien on the Property;(b)Yeaz1Y
<br /> msurance preauiums;(d)Yeaz1Y :` :,..� ,
<br /> leasehold payments or ground cents on the Property,if any�nsuiaaee p�Iem ums,if any roaud(�anp sums PaYable by Boirawer �.. .
<br /> , � .. Aood insutaace Premiums,i€aay;(e)YeariY mortgage 8, in lieu of the payment of mnrtgage msurance premiums• . .
<br /> . � � to Lender, ia accordamce with the prov�ans of paragrapl► , .
<br /> ..`. j These itezns are called "Fscrow Items." I.ender may,at any time,oollect and hfod�Irower's�escrowar�cauat under the .
<br /> � �:'1 maximum amount a lender far a fedeially related mortgage laaa maY �. � - '��=°:..:
<br /> , ,: � fedeial Real Estate S�tlement Procedures Asx of 1974 as amended frmn nme �����S.G §�260�1ll�s� � .
<br /> ` . { . ��" :
<br /> . .: � ("RESPA"),unless aaother law�lies to the Funds sets a le�r amount.If so, - -`�� .
<br /> hold Buads in an amouat not to the 1���futuie Escrow Items or otberwisetin accordaacee vinth appu'cable , _
<br /> • • � cuttent data and ieasonable estimates of eapen ;`` `''_
<br /> law.
<br /> ips�amentality,or entity
<br />- _.� � The Funds shall be held in an institution whose deposits are�asuted by a fefleral agenc5+, 1 the Fuads to
<br /> . � (includ'mg Leader,if L�ender is such an institudon)or in any Feder�l Home Loan B����l?P Y��g � ���__--�.::-_
<br />_ � , . � paY the Escrow Items. L�ender may not charge Bonower for holding and app Y�g ��"
<br /> ` Borrower interest on the Funds�aPPlicable law . � ;{.:�—
<br />' . . � escrow account, ar verifying the Escrow Items, unles� pay�require Bormwer to pay a ane-time cY�ge fos aa . f:=
<br /> . . .- pem►its Lender to make such a charge. However. unless apphcable law provcdes -... _ f�--_
<br /> . . iadependent real estate tax reportin8 service use�bq L e n der in coffieaion with t6is toaa, �
<br /> Lender s1�all not be required ta PaY
<br /> otherwise.Unless an agreemeut is made or applicable law�equ�res interest w he paid, thai interest shall be . � :�'�_;_--
<br /> - . . �orrower any inte�est or eamings on the Fuuds.Borrower and Leader may agree in writing.however, . �;. ,;•�-
<br /> ! ' paid oa the Funds.Lender shaU give to Borrower,witttout cbarge,aa annual aceountii8 of the Fuads.showing credits and • • :;;�`,
<br /> . . debits to the Funds aad the purpose for wluch each debit to the Funds was made. The Fnnds are pledged as additional• . .�,.a,�_.�:�::,,
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<br />' , seauity for all sums secured by this Sec�uiry Instrament• ': : `', �,
<br /> If the Funds held by Ixnder exceed the amounu permitted m be held bY aPPl�cab2e law, Lender shall account w -�-
<br /> � Borrower for the excess Funds ia accordance wi��e r u of licable law.If ihe amount of the Ftmds tteld by • , ="-_�-=,-
<br /> ��� �
<br /> Lender at any time is uot sufficient ta pay the Escrow It�s whea due, er may so aotify Borrower ia wrldng,and.in . . �:.���;.��;-
<br /> 4. such case Borrower shal! pay to I.ender the amount necessarY to make up the deficiency.Borrower shail make up the ;.•�
<br /> .;"�. �._
<br /> deficiency in no more tltaan twelve monthty payments,at.l.ender's sole discredon. �. ��r•
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<br /> � �. Upon paymeat in full of all s�ms seaued 6y tlus SecuritS+Instrument OLen ier�shalplrp�romptly�refduud prior tro ttte `• �%.'..
<br /> any Funds held by Lender. If, under paragraPh 21. Lender shall acquire P�3!�
<br /> '_ acqwsition or sale of the Property, shall apply any Funds held by L.ender at the time of acqwsidon or sale as a credit �l,�.,;
<br /> . � against the sums secaued by this S�unt3+Insuu�'�� ts received b l.ender unde[ :�::-`�-:��
<br /> , . 3.Applicatian of Paymeats. Unless applicabl alaw pmvidese.g�due und the No�second, to aymouats paya62e ::_�:�,,�
<br /> . • �, P��Phs 1 and 2 shall be applied: first, to anY P eP!� � -�`�`'�:�
<br /> under paragraph 2;third,to lnterest due;founh,to pnncipal due;and last.to any 1��d�osiuons auributable to the � ''���-�
<br /> � 4.Ckarges. Lieas. Borrower shall pay all taxes, assessments,charges. . . .:;:.�T.;
<br /> � ' pluperty which may auain prioriry.over this Se�vrity Instrutaent, aad leasehold payments or gcound reats, if any. .. �,
<br /> ... Borrower shall pa y these obligations m the nwnner prov�ded in paraBraPfl 2,or if not paid in that rn�wner,Borroaer shall
<br /> � . ' pay them on time directlY to the person owed payment.B orrower�dlr�tl.Borr o w e r sbal l prowptly �fiunish t I.ender . �/•��
<br /> . ,,. � to be paid under this paragraph. If Borrower makes these p ymen Y ,
<br />_ , i receipts evidencing the payments. •
<br /> � Borrower shall promptiy discharge any lien which has priorlty over this Security Instiwnent unless Borrower: (a)
<br /> agrees in writing to the payment of the obliganon secured by the llen m a maaner acceptable w Lender: (b)wntests�a
<br /> � '. good faith the liea by,or defends against enforcement of the lien in, 1ega1 proceedings which 9n the Lender'$oP�on
<br /> �, ' operate to prevent the enforcement of the lien: or(c)secures from the 6otder of the lien an agreement �t��ryo a . , •
<br /> Lender subordinating the lien to this Sccurity lnstnunen�If I.ender detemilnes that any part of the Property ,
<br /> lien which may attain priority over this Sec�ulry Instnunent+ 1.ender may give Borrower a nodce identifying the lien. :
<br /> • � Bonower shall satisfy the lien or take one or more of cfte actions set forth above within 10 da s of the giving of notice. .
<br /> ..�. 5.�rd or Froperty Ins�ance. Borrower shall keep the im erTOmv "estended co e���T�a��y o�e�n�a e ..- . . .
<br /> Property insured against loss by fire, hazards included w�thin ih .
<br /> , , • Form 30 iso rpe�e s� ,
<br /> .. ' � BANKEi15SYSTEMS.INC..ST.CLOUD,MN b830Y 11•800�39��23M171 FO(iM M61•NE 2f8/91 �' _
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