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<br /> 9.Ius�lecfioa. Leader or its agent may make reasonable entries upon and inspeciions of the Property. Leader s6n11 : ,;-�'_
<br /> give Borrower aotice at the time of or prior to en inspeccionspec�fYing reas°na�'le cause for the inspeccion. _ -
<br /> 10.Condannation. 'I'he Proceeds of any acvard or claim for da:nages.direct or consequential,m connection with
<br /> any condemnation or osher takens of auy P�rt of the Properry, or for conveyance in lieu of condemnation, are hereby �_-
<br /> : assigned and shall ba paid to L.endsr. �be a ued to the sums secuted bY this Secunty � , �
<br /> Ia the event of a total taking of the Pcoperty. the proceeds PP� of the Pro m
<br /> Insttument,whether or not then due,vrnth any excess Paid to Borrower. In�e event o�f�a Parti�1�n the amoua��e • . '
<br /> � wluch the faiz market value of the Property unme�iately befoie the takin8 e9� 8�
<br /> sums secured by this Securit}+ 1n-stn►ment immediately before the taking. unless Borrower and Lender otherwise agee u► �
<br /> + writin�, the sums secwed by this Sec�rity Instsumettt s�all be reduced by the amount of div�d� thep,fair bmarket ' , ..'�
<br /> .i followssig fzaction:(a)the tota!amount of the sums secnied im�ediately tsefore the cakinS, Y(b�
<br /> ' ' v a l u e o f t he Pro�e r t y immediatelY befo:e the taking.Aay balance shall be paid to Borrovier.In the event of a partial►aking ' •k �
<br /> :f of tha Property m which the fair�arket value of t he Property imm e d i a te ly b e f o r�t h e t a k i n$ln wrihn or nnless applicable I ,
<br /> � �s s e c u r e d�iatel y befare ths taking,unless Bo�T°w��d L.eader otherwise agree g t whether or not the I � ' •
<br /> � � � law otherwise provides,the proceeds s1�a11 be aPPlied to the soms s e c u r e d by t h i s S e c t m t y I n s h u m e n • .
<br /> sums are f1�en due. , .
<br /> ; ��e ptope�ty is a6andoned by Bonowet.or if, after aotice by L�der to Borrower that We condemnor offers to . ,. . -
<br /> wake aa award or seWe a claim for damages�p rrow p fails to re.spond to Lender wichin 30 days after the date the notice . _
<br /> `.[ � is given,Lender is authorized to colle�t and 1 the toceeds+at�is option,either to restoration or repair of the Propercy :
<br /> • or to the sums secared by dus Secauity Instrument,whether or nos�an hcation of proceeds to principal shall not extend or , ��� �
<br /> Unless L�nder and Borrower otheswise agree in writing,anY PP� � .-_:-�"-"'.���
<br /> postpone the dua date of the montWy payments referred co in patagraPhs i and 2 or change the amnunt of such paymeats. . _
<br /> For6earance By Ler►der Nat a Waiver. Extension of the time for payment or j •: r� ?—
<br /> 11. Borrower Not Released; nt ted b I..ender w any successor m mterest �.
<br /> � modificarion of amnrti�ation of the sums secured bY tlus Secu:it�+Insts�a�e 8r� Y . . . -
<br /> �orrawer shall not aperate to celease the liability of the origmal B:,:sower or Bo refuse to extend ti�e fo�r p��dpr I . �� ' � :,'��
<br /> i o f a�n s t a a s u c c e s s o r i n i n t e m s t o
<br /> . shall not be requi�d to commencep r o c e e d i n g s a 8 �Security Instrument by reason of any deman d e by 4 h e .. , , ��
<br /> � a ! otbeiwise modifY amorti7ation of the sums secuied 6y or rem�dY shall ' . . ;;� -
<br /> ' ori g i n a l Boxrower or B o r r o w e r's s u c c e s s ors in interest.Any forbeasaace by Ixnder in exercismg any n8ht .f , . _ �. '�`.. - __
<br /> . '; � not be a waiver o f or p r e c l u d e t h e e x e�i s e o f a n y r i g h t o r r emed y.. T he covenan t s a n d ag�e t s o f +� � � ��
<br /> ]2. �rs and�n�Bound;do�nt and Seveal L�ability;.Co-signers. ect to the . , � •i��
<br /> t h i s S e c u r i ty I n s t r u m e n t s h a ll 6 i n d a n d b e n e 5 t the successors and ass�gns of Lander and L�a Brrower.�wsubl om�.� .�.,..
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<br /> pmvisions of paragraph 17.Borrower s cavenants and agree m e n t s s h a l l this Secur+ty YInstrument only ta mortgage.Pant ,.�i!r s°' : �.
<br /> tFus Serurity Instrume�t 1mt does noi execute the Note:(a)�s co-sig�inS ���nt; N) is act persona1ly -
<br /> i and convey tt3at Bonower's intesest in tlie ProPertY imder the terms of this Secunty `•�'�� � _ .
<br /> � obligated to pay the sums secured by this Secunty Instn�ment; and(c)agrees that Lender and any other Borrower may ; • � -
<br /> . � agree to extend,modify,forbeur or make any accommodations wit6 regard to the teims of this Secunty Instmment or the f,; ,!. •��:: : .. _
<br /> Note without that Borrower's consent. �t��nt is subject to a law wtuch sets maximum loaa �� ..
<br /> ' I 13.Loan C6arges. If the loan secared by this Security •�� ...�
<br /> oharges, and tbat law i��fi�ally intespreted so that the interest or other loan c�arges collected or to be colleoted 'ue --
<br /> I connection wi t h t hs l o az i e x c e t x 1 t h e p e r m i tt e d b u u t s. t hen: (a) an y such toan ct�arge shall be reduced by the amount ;.� . ,} .
<br /> neces.sary to reduce the charge to the permitted limit;and(b)any sums a�readY c�u��from�o r r o w e r w l u c h e x c e e d e d `,
<br /> � permitted limits will be refuaded to Bor%nt t Borrower.if a refimd reduces principal,the redndion will be tr ated as a . ����;,�1� ' .
<br /> ; � � uader the Note or by making a dicett paym '
<br /> a ent chas e under the Note. '` �"
<br /> � I Partinl prePa t wiWout aaY P�P Ym g . --. -
<br /> 14. otices. Any nvtice to Ban°wer provided for in this Secunty Instru�ene shall be given b deliveriag it or by � '
<br /> .. mailing it by first class mail unlessapplicable law requi b�o6ca to Lend�Any noriceto Lender shall b�given bY �• '�:,,��
<br /> I pr�perty Addras or any other address Bosmwer desi�ates y ..'_ ,'*:�
<br /> � first cla�s mail W Lender's address stated herein or any other addmss Lendes designates by notice to Barrower.Any notice .: -
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<br /> � � �rovided for in this Securitl+1ns�ua°e�t shall he deemed to t�ave heen given to Borrower or Lender when given as provided -: 5�f:;'_;;; �_
<br /> I ��p��ph� Severability. T'his Securiry lnstrument shall be goveraed by federal law and the law of the � ;,�-
<br /> 1S.Governing LasP;
<br /> '. . jurisdicaon�n wluch the Property is located. In the event that any provision or clause of this Security lnstrument or the �:__,,��,,�
<br /> N o t s c on8icts with applicable law,such canflict shall aot affect other provisions of this Security Inswment°I��d the --��`�s•"-"`�
<br /> �:.., which can be$iven e f fea with°ut the conflicting provision.To t h i s e n d t h e p r o v i s i o n s of this Securi ty Instramen - - - -�.i `r
<br /> Note cue declared w be severable. of the Note aad of this SecuritY Instrume�t. �:�
<br /> � � 16.Borrower's Copy. Bomower s6a11 be ven one wnformed copy
<br /> ,''�( 17.Transfer o4 the Froperty ox a Sen�aal Interest in Borrower. If all or aay part of the Property or aay . ,-`?a.'�.:.. - _
<br /> interest in it is sold or tr�nsferred(or�f a beneficial interest in Borrower is sold or transferred and Bonower is not a .,_,r,. . '. ,.
<br />• ' natural perscm)arithout Lender's prior written consent,Lender may,�at its oprion.mquire immediata payment in full of all . . .:.,�.;�--.
<br /> sums sacured by this Security lnstcumeat. However, this aprion shall aot be exerc�sed by Lender if eaercise is prolubited ',.�� .
<br /> . by fedetal latv as of the date of this Secwicy Instcument. ' � ' � �
<br /> If Lender exercises ttvs option,Lender shall give$orrower notice of accelerarion.The norica shall provide a period
<br /> � . I of not less than 30 days from tha date the notice is delivered or mailed withia wtrich Bonower must pay aU sums serured . . _ 1
<br /> Form 30 /page 4 0l 6J
<br /> , gAN1(ERg$Y3TEM9.INC.,ST.GLOUO,MN 6090411•80038743411 FORM MU�1•NE i18/87 � ' �a_�_
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