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<br /> abandaned Property. Borrawer shall also be iu default if Bonower, during tUe laan appllcation process, gave
<br /> ; materially false or inaccurate informadon or statements co Lender(�r failed to provide Lender with Any runterial
<br /> � t infonnstion) in wnnection with the loan evideaced by the Note, includln�, but aat limited to. tepxesentations
<br /> •� concerniwg Borrower'S occupancy of the Propetry as a principal residence. If d�is Securlty lnsuuntent is on n
<br /> • leasehold, Bonower shall comply with the provlsions of the lease. If Honowar acquires fee dtle ta the Property� tlte �
<br /> , � leasehold and fee dde shall not be merged unless Lcnder agrees ro tha merger in wridug. . "_`
<br /> • 6.Condemnatlon. The proca°�s of uay award or claim for damages,direct or conf;equential,in connecdon with �::�',
<br /> any condemnation or other taknx�,r of auy part of che Propeny, or for conveyance in plasx of conde�don. are -
<br /> . hereby assi�and shall be pai�ecr Lender ca du eatent of the fuU araount of the indebtedness tuat remnias unpxid -
<br /> under tt�e Nate and this Security I��suument. Leader shall apply such proceeds to ths reducdon of the indr.btedtiess –
<br /> � • under the Note and this Security Insnunteut. first to any delinquent amounta applied in the urder providixi Iu :�,i,�,,,
<br /> paragraph 3,and tben to prepayment of princip�l.Any applicadan of the proceeds to the grincipal shall not extend or _ �
<br /> • postpone the due date of the monthly paymeats•.which am referred to in paragraph 2.or change the amount of soch --
<br /> � payments. Any eFCess proceed�over an amou.ut required ro pay all outstandins indebtedness under the Note and this
<br /> '� Security Instrument shall be paid to the entiry legally entided thereto. '��
<br /> ' �'�� 7. Char�es to Borrowr,r and Protection of I.ender's Rlghts in U�e Property. Bonower stutll pay all :_`'
<br /> ;',�,:,.� governmental or municipal chnrges, 8nes an� impositions that are not included iu paragraph 2. Bonower shall pay � -
<br /> '�'�, these obligadons on time directly to the entiry �vhich is owed the payment. If failure to pay wauld adversely affece -
<br /> I.ender's interest in the Pivperty, upon Ler.►r.":s's request Bornower shnll prompdy furnish to Lxnder receipts
<br /> _� evidenciceg these payments.
<br /> If 1Bflrrower fails to mnke these paymeut�or the payments mquired by paragraph 2,or falls to pedorm any other -
<br /> .... ..... .---- • _�- '
<br /> ---- � covenant�and agttements contained in uus�e�uriry insaument,or chere is a Icgai pnxxxwux wa�.,,��r�i�u.,,�a�,ity
<br /> nxxxw
<br /> • affect Lender's ri�¢s in the Praperty(such a� n proceeding in baniauptcy, for coudemnadon or to enforce laws or �.�
<br /> �i regulaQo�). th�n 3..�:cdcr may do acd p3y�;�::�tever is necessary w prntect the value of the Property and Lender's _
<br /> ` `+ rights ln the Property,includins payment of ta�rN.s,ha7ard tn�a�ace t+nd other items mendoned in paragrapL 2. -
<br /> ,•�,. • A¢ay amouats disburned b}Uaader under this paragraph shall become an additional debt of Borrower aad be
<br /> ;�;:,i�; secur�ed by th�Secudty buuur�nent.Tliese arxtiounts shall i�etu inierest from the date of clisb�sement.at the Note rate, _
<br /> . and at¢Yie option of Lendar,shaDl be immediss.:iy chie and payable. _
<br /> '" •< Bor�ower shall pmmpdy clisc�arge any llen which has priority over this SecurIty Iasuvmeni unless Borrower:
<br /> (a) agtees in writing to the pay�:mt of th�ubligation secured by the lien in a n�anner acceptable to I.ender; (b)
<br /> ;:�,�_ . coruests in good faith tlt� lien by. or defe,nds against enforcement of the lien in, legaR procadings wtuch In the
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<br /> �"`1' Lender's npinion operate to p�vemt the e.nf�nxment of the lien; or (c) secures from the holder of the Uen an
<br /> z;,._ :,..r`�,- , agreement sadsfuctory ea Lender bubordinadrig the lien to tLis Seciuity Insm�meni.If I.�nder deunnines that any part
<br /> ,::x;•,� �..•�� of the Property Is subje�:.t to a lien whicli enay aiG�in priority over this Security Insuvment,Lender may�ive Boiro��er
<br /> y�1�•. �•�f a nodce identifying tho It�:n. Borrower sh�dl sntisfy the lieu or take oue or more of the actions set fort�a above within
<br />� " .."�''�� 10 days of We giving a1F aodce. —
<br /> ;,:. `:� 8.Fees.I.ender m�y collect fees aact tharges authorizec�by the Secretary.
<br /> - ;, ' 9.Ground9 far Acoclerat�on mf D+ebt.
<br /> �� �� (a)DefAU1t.Lcnder may, exce�t as limited by reguladons issued by We Secretaey,in the case of payment ---
<br /> +� �' defaults,require immodiate paym:nt in full of all sums securecl by thL�Security Insmiment if: --
<br /> ��'�n`�^»� (i)Borro��cr defa�is oy Failing to pay in full any moutWy payment required by this Securlty Insuument _
<br /> i`��1' � prior to or oa the ct�:e elnze of the next montWy payment,or —_
<br />_�'��� � (ii)Boaovrtr defau�LS by fs�ling, for a period of thirty days,to perfoim any other obligations contained _
<br />-' "�. w in ti�is Sa:urity Inst�uffieat.
<br /> �. � (bj Sale Witfsoirt Cre+li!Approval. ixnder shall, if pemritted by applicable law(including S�cdon 341(d)
<br /> of the Garn•St. Getmain Depository Instituqons Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior _
<br /> .` � approval of the Secretary, require immediate payment in fWl of ail sums sec�ued by this Security Iasuument
<br /> if: -
<br /> •� , �m�4RINE1�oeou Pp�4 of 8 iNti.��
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