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<br /> � � ' perty.Le�der shall ,-
<br /> . .. . '�`.� 9.Inspe�on. L�ender or iLS age�nt maY make ieasonabte enuies upaa aad inspectiuns of the Pm •• �
<br /> � v give Bortoaer notise at the time of or pnor w aa inspeqinn sp�S r�s�n�ble cause for the ins�secaon. : .' .°''.'
<br /> 10.Coadenmation. 'I7te mceeds of an award or ctaim r damages,d'ue�or oons ential,in coanearon witt► , r
<br /> „ , ' `� y equ , i � _.
<br /> _ _ � • � a a y o o n d e m n a r i o n a r o t h e r t a I Q ng o f a n y p a rt o f t h e P c o p e�t y, or for com e yaaoe in lieu of wndemnation, are kereby �, . `
<br /> . . - ass�gned and sball be paid w Leuder. t' ..' �':�'
<br /> ' ',' � Ta the eveat of a wtal taking of the PropertY,the pmseeds shall be applied co the svms secuted by this Security ` . . `�`� •
<br /> ►n�rn�ment_ wh�het or uoi theu due with at1�l exCess paid to Botlowec.In the eveat of a partial taking of the Praperty in .
<br /> , . � '� which the fair market value of the Pcoperty�1Y before the taking is�nat to or greater thaa the amnunt of the �, t , . .
<br /> - _ - �� ; snms secured by this Sec�rity Inst�ument im�diatelY before the tatdng,�mless Borrowec and Lender otherwise agree in . .
<br /> agre ' '
<br /> ;.;�`'. ,� writing.the sums secured by this Secvrit�r InstNmeut shal!6e zeduoed by the amovnt of the�Smc�eeds muitiplied by the . :.<
<br /> -.. _� hefore the taking,divided by(b)the fair mulret
<br />_ - -----` foltowing fracxion:(a)sh�tatal amount of the sums sewred inunediatelY -_ —�1..,,_.-
<br /> • . . ..� value of the Propert3+i�edia�lY before the tatdng.Any balanoe shall be paid w Bornawer.In the event of a partial taking [4.
<br /> er ���y befote the ta�n is tess thaa the amotmt of tlus
<br /> :,.-� of tLe Property m which the fair martcet valae af tfle Property" $ . . .
<br /> . ._ ,� sams s�i m a n e d i a t e ly be for�t he t a k i n g, u n l e s s B o r ro w e r a n d L e a d e r o t h e t w i se a g r e e m writin g or�mless appiicabte . ,.' _�-,
<br /> . . ;� 1aw otbe�rise mvides,the pmceeds s1�a11 be applied to the sams seaued by this SeWrity�su�m�t w��or not the •
<br /> , � p . • -
<br /> sums aie then due. •:'� .
<br /> . . ..• �'� If the Property is abandoned by Bomower,or if.aRer nfltice bp Lender to Boirower that the condemnor offecs to ,�:':, '
<br /> `.: � ..� :�._ ..1s:��-
<br /> make an awazd or seule a claim for damages.Borrower fails to respond to l,ender withia 30 days after the date the notice . �?__:� , :.�;_:
<br /> .. . is gin,en,Lender is authori�d to collect and apply the praceeds,at iu option,either w r�storation oz repair of thc PmpertY
<br /> � ` • or to the sums seaued by this Se�uity Instmmeat,whethe�'or not then due. '� � "" ;?._.�
<br /> � - Unless Lender and Borrower otheiwise agtee in writmg,anN aPP�ion of pmceeds to priacipa�shall nnt extend oz '. . -_
<br /> � � 4- postpone the due date of the montbly payments zefernd to in paragraphs 1 and 2 or change the amnimt of sur�pay�ents• ,.� �,..;.�. ------
<br /> � � � � 11. Bormwer Not Releas¢d; Farbearencx Bp I.ender Noi a�Vaiv�. Extension of the time for paymeut or -. � .:
<br /> `.� � � • mudifrcat�on of amortization of the sums secuied bY this Se�uriy Instrament gtanted by L�nder to any successor m interest
<br />' °�> of Bormwer shall not operate w retease the liab�7ity.of the ori g i n a l Boimwer or Boirower's successuis ia interes�Lender . - �_---
<br /> „ � shall not be tequired w commc�ce pmc�ngs aga�nst a�►Y Succ�sor m i�eresc°;��e to exEeud time for p os =�_
<br /> � otherarise modify arnortizauon of the sums sectued by th�s Secunty lnstmment b�r�ason of any demand�the ' _ _ _-
<br /> ' , a ri g i n a l B o r r o w e r o r B o a o w e r's s u c c e s s o r s i n interest.An y forbear.mce b 3+l.ender m eacetaising any right or remedy shall . �. `=��-.�
<br /> . . ��`� aot be a waiver of or preclude the eaercisc of an rigtst or remeQy. :--;•':�`•••�'�-
<br /> y s
<br /> . � 12.Succ.essors and A�s Bmmd;doirt and Several II.iab�ity Co-�gners. The covenants and ag�n ts of . _-
<br /> ' this Sesurity ,m t shall iind and benefit the succe.uors and assigas of I.ender and Borrower, su ���t t O the ��,��
<br /> ,.� pmvisions of para g r a p h 17.Borrowe r's covenaats an d a g r e e u�e u t s s h a ll b e}o i n t a n d s e v e t a l.A a y B o a a w e r w o c o-s i g n s • L ..,�.
<br /> � ,• d�is Serurity Insuument but does uot execute the Nate:(a)is co-signiag this Se�rit�►Instcument only to mortgage,grant ���`��ry .
<br /> . . .. and comreq that Bormwer's interest in the Property uuder the te�s of this Secunty Instrument; N) is not personally .`,. �'�
<br /> obligated to pay the sums secured by ti�is Security IaspNment; and(c)agrees tvat I.ender and any oiher Boirower may ;�. Y`���
<br /> a�e to extend,mod�fy,forbear or make azry accamunodaaons with regard w the terms of this Secauity Insuument or the ' .. .����:
<br /> N a t e without that Borrower's oonsen� . �-�,`-
<br /> • 13. Loaa Charg�. ff the loaa secvred by this Sec.vrity Instrument is subject to a law wlrich sets max�wun loan , ::'.;;-:��
<br /> �, ' � • charges, and that Iaw is finally interprete� so that the interest or other lo� charges collected or to be wAected in ' i�, N±;,:.,,____-
<br /> � connectIon anth the loaa exceed the pemutted limiu,.then: (a) any such laan c�arge shall be reduced by the amouut -�,�,.-.
<br /> • • nece.ssary to rednce the eharge to the permitted limit.aud(b)anY sums al�eadY�olteeied from Bocrowet'whteh ex�eeded � ' ._ ?,-�.<r.:
<br /> � ' permitted limits will be refunded to Borrower. Lender may chaose to make tlus refund by reducing the princIpal owed • . _ : �-
<br />' ' under the Note or by making a direct payment to Borrower.If a refimd reduoes priuc��1,the mduccion wiU be ueated as a ..�`Y���-�
<br />, . , . partial prepayment wsthout any prepayment charge under ehe Note. �� '��
<br /> �:.. •� ._•.:-,
<br /> � 14.Noi�ces. Any notice to Borrower pmvided for in this Security Instr�meat shall begrv en by delivering it or by :�:��;..
<br /> �`---:� mailing it by first class mail ualessapp]icable law requires use of another method. The noiicc shall be da�ected ttr'the . -" ;�_
<br /> t •
<br /> , Property Address or any other address Borrowcr desigaates by nouce to Lender.Any notice to Lender shall be givet►by ,�'�-��:
<br /> �.;� • fust class mail to Lender's address stated hereia or any other address Lender designates by notIce to Borrower.Aay notice . •,,.-:;F^;=;T
<br /> . �►rovided for in this Security Instrument shall be de�med to have been given to Boaower or Lender when given as provIded . -����•
<br /> . m this paragraph. .:�'�'•-
<br /> . 15, Governing Law;Sevesab�7ity. TI118 S2CUIlL}!�natrnm t sha11 be govemed by federal law and the law of the �j�:�.
<br /> � �sdicdon ln which the property is located. In the event t1�at any provision or clause of th9s Security Instrument or t�e + �, ' 'r"l
<br /> � • . �1ote contlicts wiW applicabte law,s�nch conflict shall not affect other provisions of this Security Insuument or the Note . . ' _='�
<br /> , , - � whicb can be given effect without the confliaing provision.To thia end the provisions of this Secasity Insuument an8 the �� ` _���_
<br /> • Note are declared to 6e severable. �
<br /> � 16.Borrower's Copy. Borrower skall be grven one confoimed copy of the Note and of this S�afity Ins�ment• . , .
<br /> 17. TransPer of the Property or a BenePictal Interpst in Borrower. If all or any part of the Property or any ; _
<br /> � interest in it is sold or transferred(or�f a beneficial iaterest in Boaower is sold or transferred and Borrower is not a ;. ,. .
<br /> - • natural persoa)�vithout Lender's prior writtea consent,Lender may.at its option,require immediate payment in fuU of all
<br /> ' sums secured by this Se�urity lnstnunent.However,this option shall not be exercised by Lender if exercise is prohibited .
<br /> � by federal law as of the date of this Sccurity Insuument. ' . .
<br /> - � � If Leader exercises this optioa.Lender shall give Boaower notice of accelerauon.The notice shall provide 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 /> ', fortn 3 9/90 Ipage� •
<br /> ' ' BANKEflS SYSTEME.INC..ST.CLOUO,MN 88 3 04 11-8 0P397•23471 FORM M0�1�N8 2/8l91 � �.� " '
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