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<br /> ' � �� abandoned Proneny. E3urruwcr shall also be in dcfnult if Borrowcr, duri�g the loan applecadon procese, gavc
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<br /> -�++��''"� materi:illy f:�sc or inas:curate informa;ion or stataments to I,ender (or failed to provide Lcndcr with any matGrial .
<br /> �"` information) in connr,cYvan with the laan evictcnced by the Nute. including. but not limited io, represcntations
<br /> cancerning Borrower's accupancy of the Propeny as a principal resldence. If this Security Instrmnent �4 0;1 A _
<br /> teasehold, Borrower sha14 comply wiih the provisions of the lease.IF Bnnower acquires fev title co the Property. the _
<br /> leasehold an�1 fee tir!¢sh;�1.1 ziot be mcrEed unless Lcnder agrees to tha mcrgcr in writing. __
<br /> 6.Conde�Aic�.Tl�r.procecds of any awssrd or clnim for damages. dtrect or cansequential,in connection with
<br /> � any condemn�tion ar �tln.r.r cakissg of any part of the Froperty,or for conveyance in plxe of co�ndemnatlon, are _
<br /> hercby assigncd and sh�l�tc�if:1 to Lender to the eatent of the full amount of die indcbteAness that rcmains unpaid
<br /> under the No[e and thi,s Secu�i�• 1^strument. l.ender shnll apply suc6 proceeds to the reducdon of the indcbtedness
<br /> ' under the Notc nnr� th4s Secu��is:�•lascmment. firsc to any dalinquent amounts applied in the order provtded tn _
<br /> • parn&rapli 3,SAd I+1SIA f4 y�lC[�.1y4.r.r.�oi principsrl.Any applicatian of the pmceeds to the principal shall not eattnd or
<br /> postgone the due d�u:of t1��.r�r�..f.i�ly payments. whicd are referred to in pazagraph 2,or change�he amoant of such _
<br /> • payments. Any eacess pra�ceedf c�,ver an amount re9uirtd to pay dl outstanding indebtedness under the Note and this _
<br /> '� Securiry Insuucncnt sh.�1C L•c�+� to tke en[ity legally entitled thcreto. ���r ghal! a all
<br /> � . .�::;�.1 7. Chnrges t� BGruoRer w� ProtccUon of I..wder's Rig6ts In the Pm�►erty. P Y
<br /> "� 'r goverameatal ox mu.n.�xi.;�charga,Fnes and imposirians�hat are not included in paragraph 2.Bormwer shall pay .
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<br /> these obligat�ona an t.iY:c directly�o the entiry whic6 is owed t�e payment.iC failure to pay would adversely affect _
<br />' �, l.ender's interest i� the Property� upon Lender's request Borrower shaq pro�ptly fumish ro Lender receipts
<br /> . evidencin�thcse paymena.
<br /> ��"��;' If Borrovrer fails to make these payments or the payu�ents ru{uired by paragraph 2. or fails to tserform aay other ,_
<br /> ��'�w� wvenants and agrecments contained in this Securlty Instnunent,or there is a legal procecding ttiat may significantly
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<br /> af��r.� t rnder's ri¢hts in the PropsrtY (such as a procceding in bankruptcy,for condeiwation or to eaforc�laws or �;°
<br /> � , regulations), chen Lender may do and pay whatever is aaxssary to protect the vaiue oi che rroperiy �: 1.e�r'� °_��
<br />' right5 tn th�Pcoperty.lncluding pay�znt of taaes,hazard insurance and other items mentioaed in paragraph 2•
<br /> . Any amounts disbursed by Leudxr under this paragraph shall became an addlttonal debt of Borrower and be -
<br /> - secured by this Secwity Insttument. These amounu shall bear interest from the date of disbursement, at the Note _
<br /> � • tare.and at the option of Lender.shall be immedintoly duo and payable. _
<br /> �'�' � Borrower shall p:omptly dischargo any lien wtticY�ht►s priority over this Securiry Inscrument unless Borrower:
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<br />_ ._ (a) agnxs in wriring to the paymont of the obligntion sccured by the liea in a manner accepteble to Lender; (b)
<br />�-'M'" � '' wntests in good faith the lien by,or d�:fends against enforcemer.t of the lien in, legal proceedings which in the
<br /> I.:�.�'. ''"" Leader's opinion operate ta preveat the en4'orcement of the lien; or (c)secu�s frnm tha holdor of the lien aa
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<br /> •�,;_.,{, agreement satisfactory to Lender subordinating the lian to tbis Securiry Insmunent. If Lender dete�nes thut any part
<br /> °'�"����- of the Property is subjcet to a lien which may attain priority over this 3ecu�ity Insmiment, IRA(IC[' may �ive
<br /> '��, Borrowtr a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions sot forth
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<br /> -:-�:;.�;�;� alwve within 10 dnys of the giving of notice.
<br /> .'�� S.Fces.Lender may collecz tres ansl charges authorizod by the Secr�etazy.
<br />_�ry� 9.Grounds for Aoceleration o!Debt.
<br />—._____ _ (o)Dc[ault. Lender may,exapt as limited by regulations issued by the Secretary, in the case of payment �;i'
<br /> -='"��+� defaults,require immediate�aymeat in full of all sums secumd by this Securiry lnsuument if:
<br /> ���'� (i)Borrower defaults Dy failing to pay in full any monthly payment required by this Security Instmment
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<br /> ��,� prior to or on the due da�te of the next rr,onthly payment,or _
<br /> _�..:_� (ii)Borrower defau3vby fuling, for a period of thirty days.to pe�form any other obligations contatned
<br />-°_�:'--�� in this Security Instsument. -
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<br /> Y:��:,.,�` (b)Sale Without Credit Approval. Lender shall,if perniitted by applicable law(including Section 34l(d)
<br />;;�.;:�.�..:• , of the Garn-St. Germain�epository Instirutions Act of 1982, 12 U.S.C. 1701j-3(d))and with the prior F-�
<br /> ; ;� .,•' '� : approval of the Secretary,zequire immediate payment in full of all sums secwecl by this Securiry Instrument �
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