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<br /> g��. �t�x545
<br /> � abandoned Property. Borrower st►111 aluo bc in dcfault if Anrmwcr, during ihe IoM application process, gave
<br /> • � materially falsc or inaccuratc informatia�i ar statcmcnts to I.endcr (or failcd to providc Lcnder �vith any material �
<br /> �'* : infurmation) in connection with the :unn evideneed by thQ Note, including, but not limitecl to, representations
<br /> , concerning Borrower's occupancy of tfta Fro�erty as a principal residence. If ch is Security lnstrument is on a • .,
<br /> leasehald. Boreower s4�il comply with thr.provisions of the Icflse. If Borratver acquires fee title to thc Properry, the �, ,, •
<br /> leasehold and fcs tide shall not 6e mergaa unless Lender agreec ta thc mcrgcr in wrising. � ....•�.�
<br /> 6.Cande�nnation.The proceeds ci�f any awnrd or claim fnr damA�es,direct or consequential, in connection with `::��
<br /> . � ,�.,_,.
<br /> any condemnation or other t�:in� of,uiy Fart of the Prop�rty, or for canvey�nce in place of condemnation, are ..,;_.
<br /> " �`• hereby assigned and sh�ll be paid to I.cnder ro die extent of the full amount of thr.indebtedness that remains unpaid ' -
<br /> under the Note and this Security Instnament. Lender shall apply such proceeds to ihe reductian of the indebtedness . •�
<br /> � � under the Note and this Securiry Listwmant. first to any dr.linquent amounts �y�plied in the arder provided in �-"��°
<br /> '�.�.Y��l"�itli:�.
<br /> , ° t paragr�ph 3,a��d then ro prep�yment af�rinci�ral.Any application of�he proceecis�n the principal shall not extend or �"''`--
<br /> postpone the due date of the monthly puymants. which are raferred to in paragraph 2,or change thc amount of such � '�-
<br /> , "Nlti_
<br /> � • payments. My excess proceeds over an amaun[required ro pay all outstanding inrfetstedness under the Noce and this ��.;?;-,
<br /> Security Instrument shall be paid io tUe end[y legally cntidcd thereto. � °
<br /> � �,; 7. Charges to Borrower eac� �utectian of Leader's Itlahts in tli� A;of►erty. Rorrower shall pay all ','s�'�,n—,:
<br /> �: governniental or municipal chazges, fcnes and imnositions thnt�.r.�not included in paragraph Z. Borrower shall pay %',
<br /> '•`r`, these obligations on time directly tcr die entiry which is owect t�r,payment. If failure to pay would adversely affect = �
<br /> '� Lender's interest in the Property, upon l..ender's request Borrower shall prompsly furr.ish to Lender receipts :"�.��
<br /> • '�• `, ��• -
<br /> evIdencing[hese payments. -�-��i�
<br /> � If Banower fails to make the�:�pnyments or the payments required by para�raph 2,or t'ails to perform any ether ��`'�""°°°!`
<br /> �,; covenants and agreements cantaincd in thia Security lnstrument, or there is a legal proceedi� that may significantly
<br />" _•::, •t affect Lender's riehts in the Praar.rav(suclt as a proceedinR in bankniptcy, for candenms:ion or to enforce laws or
<br /> • ' :,;.,�;� - . . . �.,.�
<br /> A�1�� regulations), then Lender may do and puy whatever is neceasary to protect the vniue of the Property a^_�Lender's rt,:.-
<br /> ,�;.
<br /> rights in We Property,includins puyment of taxes,�arard insurancc and othcr itc�nu�nentioned in paragr�,pb 3. ����`,,._
<br /> ,�� Any amounts disbursed by Lend�r undcr this paragr�pl� shall bccamc zn addltional debt of Bonower and be {:�.:;;V—
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<br /> �',:�!`}; secured by this Securiry Instrument. These amouats suall baar interest from ttr��iate of disbursement, at the Note �'-
<br /> , ;':�`�';.,. rate,and at the option of L.ender,sh�ll be immediately ciue aa�payAble. - -
<br /> "?����:; Borsower shall promptly disciinrge aay lien which has�privriry over this Scx:urity lns:rum�nt unless Borrower: -
<br /> (a) agrees in writing to the paymant of d�e oUligation secured by thc lien in a manner acceptable to Lender; (b) °`
<br /> cantests in goad fait6 the lien bg, or defends against enforcement of the lien in, legal proceedings which in the =_
<br /> Lender's opinion operate to pre+�rsnt die enforcemant of t6�e lien; or (c) secures from tbe holder of the lien an =..
<br /> � '�'''�`•si a�reement satisfactory to L.ender nibordinnting the lien to this 5ecuriry[nstrumenr,If Lertclzr determines that any part =
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<br /> � of the Property is subject to a tiQn which may anain priar�;y over this Sec�uiry Instrument, Lender may give �
<br /> � .s� - Borrower a notice identifying thc lien. Bornower shall satisfy the lien or take csne or morc of the actions set forth `
<br /> �.a"t "'• +�� ' above within 10 days of the giving mf a�tfcc. `�
<br /> ' 8.Fees.I.ender may collect faes and charges authorized by thc Secretary. F-=_
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<br />'� •'' 9.Gr�ounds for Acceleratfon af Debt. R
<br /> , (a)Default. Lender may, except an limi[ed by regulations issued by the Secretary, in the case of payment ��,"
<br />.�,,. .�.,�
<br /> ,.r defaults,reqWre immediate pnytnent in fi�11 of all sums secured by this Securiey In�:trument if:
<br /> �r:;.,._.�
<br />�;• • . (i) Bonower defaults by failinQ to pay in full any monthly pnyment required by this Securiry ?nstniment Q�;
<br /> ,_,�, _�, prior to or on thc duc dute of thc next monthly payment,or __
<br />__�-•�':�;� ' (ii)Borrower defaults by failinII, for a period of thirty days, tu perform any oYher obligations contained
<br />_.,. • � ' � in d�is Security instiument. _------_
<br /> �} Q�)Sule W[thout Crerl[t A��r�rmval. Lender shall, if parmitted by �pplicable law (including Section 341(d) ,-�W =-
<br /> of the Garn-St. Gemisin Depository IInseitutions Act of 1987., 1.7. U.S.C. 1701j-3(d)) and with the prior (. ..':.._�----
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<br /> approval of the Secntary,rcquire immediate payment in full of all sums secured by this Security Instrument ,,.•.;.x ,y,�-
<br /> if: �;- �.�„.__..
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