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<br /> 9, lnspeciion. lxnder or ics agent may make reasonable entries upon and inspections ef thc Propeny. lxnder sha11 _ � •
<br /> � give 8orrower notice at the time of or prior to an inspection specifying reasonable causc far the inspection. , .
<br /> 10. Condemnation. The proceeds of any award or claim for damages, direct or consequent�al, in connection with .
<br /> ` any condemnation or other taking of any part of the Property, or for conveyance in lieu uf cundemnation, are hereby �
<br /> assigned and shall be paid to Lender. • • '.�
<br /> In the event of a total taking of the Property,the proceeds shall be applied to the sums secured by this Security �
<br /> [nstrument, whether or not then due, with any eacess paid to Borrower. In the event uf a partial takiag of We Praperty in ' . . _
<br /> which the fair mazket value of the Property immediately before the taking is equal to or greater than the amount of the . -"
<br /> sums sec�ued by this Security lnsuvment immediately befom the taking, unless Borrovrer and Lender otherarise agree in . _ _ _ . . _
<br /> writing, the sums secured by this Security Insm�ment shall be reduced by the amount of the�mceeds muitiplied by the � • ` � ; �
<br /> following fraction:ta)the total amouni of she sums secured immediately before the taking,divided by(b)We fair mazket E ;. _�_
<br /> ' value of the Pro�erty immediately before the taldng. Any balance shall be paid to Borrower. In We event of a partial taking � � ;�
<br /> � of the Property m whicH ihe fair market value of the Property immediately before the taking is less than the amount of the } � .�-:
<br /> ; sums secured immediately before tlie taking, unless Bonower and Lender otherwise agree w writing or nnless applicable E k •�, �
<br /> �; law otherwise pmvides, the proceeds shall be appli.d to the sums secured by this Secunty Insaument whether or not the . •. _=
<br /> sums are then due. � . � �
<br /> If the Properry is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to � .-�'-�-_�
<br /> make an award or settle a claim for damages, Borrower fails to respond to Lender wiWin 30 days after the date the notice � �, . ' ".�
<br /> ' is given, Lender is authorized to wllect and apply the proceads. at iu option,either to restoration or repair of the Property l • " � , "`-
<br /> . � or to the swns secured by this Security Instrument,whether or not then due. � • �•� ` ._ ��
<br /> Unless Lender and Bonower otherwise agree in writing,any application of proceeds to principal shall not extend or f • � �. "�`
<br /> �..? postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of such payments. � , . _ . �:.��'
<br /> 11. Borrower Not Released; Forbearance By l,euder Not a Waiver. Eztension of the time for payment or � � - ,:_ .
<br /> _.� modification of amortization of the sums secured by this Securit�+Instrument granted by Lender to any successor m mrerest � - - . . --
<br /> _t of Borrower shall not operate to release the liabiliry of We origwal Borrower or Bonower's successors in interest. I.endes , ,;:�;_,_;�..?—_
<br /> , shall not be required to commence proceedings agau�st any successor in interest or refuse to extend time for payment or �L��i�r3 , �•;
<br /> otherwise mod�fy amonization of the sums secured by this Security Instrument by reason of any demand made by the �,._, �� -
<br /> -�1 original Borrower or Borrower's successors in interest.Any forhearance by Lender in exercising any right or temedy shall _ _`_. !:__,_iy_�:..C! ..__
<br /> �{ not be a waiver of or preclude the eaercise of any right or remedy. ' �� �
<br /> i 1Z. Successois and Asslgas Bound;Joint a�d Severel Liah;lity; Co-sigaeis. The covenants and agreemenu of � •�' �� i
<br /> ,. .� this Security Instrument shall bind and benefit the svccessors and ass�gns of I.eader and Borrower, subject to the � +��: ,� `�
<br /> provisions of paragraph 17. Borrower's covenants and agreements shall be�oint and several.Any Borrower who co-signs •
<br /> this Se�urity Instrument but does not execute We Note:(a) is co-signing tlus Security Instrument orily to mortgage,�rant •. ��'•;�.," ,•� �
<br /> . and convey that Borrower's interest in the Property under the tern�s of ttiis Security Instnunent; (b) is not personaUy ;: ,�,:�;�� �
<br /> o b l i g a t e d t o p a y t h e s u m s s e c u r e d b y t h i s S e c u ri ty I n s m u n:n t; a n d(c)a g r e e s t h a t L e n d e r a n d a n y o t her B orrower ma y � r 4! r.
<br /> agree to extend,modify,forbear or make any accommodations with regazd to the terms of this Secunty InsUUUient or the ":�;�a��
<br /> Note without that Borrower's consent. ''� �
<br /> 13. Loan Charges. If the loan secured by this Securiry Instrument is subject to a law which seu ma�cimum loan _ •� __ 'f� ����1�' —
<br /> cdarges. and that law is finaUy interpreted so that the interest or other loan charges wllected or to be collected in .- -= - `��'
<br /> connection with the loan eaceed the permitted limits, then:(a) any such loan chazge shall be reduced by the amount ��� `�• '�`' ''�`""--
<br /> neressary to reduce the charge to the p�rmitted limit:and (b)any sums already collected frosn Borrower which excceded �
<br /> ermitted limits will be refunded to Borroaer. Lender may choose to make th�s refund by reducing the principal owed � ���r� -
<br /> P . �;�::' :�`'•.
<br /> under the Rlote or by making a direct payment to Borrower. If a refund reduces principal.the reduction will be treated as a
<br /> partial prepayment w�thoat any prepayme�t charge under the Note. •�„ ��'�
<br /> 14. 1Vottces. My notice to Boaower prov�ded for in this Security Instrument sliall br�ivea by delivering i[or by . � `
<br /> mailing it by first class cnail uNess app:icabls!aw requires use of another meth�. Ttie notice shall bc directed to the - -- _-� _�'—��
<br /> Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by • �
<br /> first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any notic$ �. �����
<br /> = provided for in this Security tnstr�ment shall be deemed to have been given to Borrower or Lender when given as provided , . �. . -.—-
<br /> f �n this paragraph. . �'� -a. . ,.
<br /> ) 1S. Govern3ng Law; Severability. This Security Instrument shall be govemed by fetleral law and the law of the ��-�
<br /> jurisdiction in which the Property is located. In the event that any provision or ciause of this Security Instrument or the . J
<br /> Note conflicts with applicabl.P!aw, sc�'.:=onfli�t 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 5ecuriry Instrument and the , ;� �'
<br /> � Note are declared to be severable. . ��..� —..
<br /> 16.Borrower's Copy. Borrower shall be given one wnformed wpy of the Nate and of this 5ecuriry Instrument.
<br /> 17. TransPer oY the Property or a BenePicial Interest in Borrower. If all or any part of the Property or any �
<br /> interest in it is sold or transferred(or if a bene�icial interest in Borrower is sold or transferred and Borrower �s not a . . •� , -
<br />� natural person)v�ithout Lender's prior written consent,l.ender may,at its option,require unmediate payment in full of all ' � . � . f�i''
<br /> sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exerc�se is prohibited � ,.
<br /> by federal law as of the date of this Security Instrument. . � .
<br /> . If Lender exercises this option. Lender shall give Borrower notice of acceleration.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 a11 sums secured �-,
<br /> Form 3L0��0 Ip 4 0161 '
<br /> BANKERS SvSTEMS.�NC.,5T.CLOUD.MN 58307 I1 600 397 234t1 FORM M0�1 NE 2�5r91 �._- .
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