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<br /> ' �.; abandaned Propeny. Borrowcr shall nlso bc in default if Barrower, during thc loan application process, gave
<br /> matcrially false or inaccurate tnformation or statements to Lcnder (or fafted to provide Lendcr with any matcrial
<br /> ,, ,,,,...�•�` ' infarmation) in wnnection with thc losm evidenced by thc Notc, including, but aat limited to, representations
<br /> -• �"'� � concerning E3onowcr's occupancy of thc Property as a princip:il residence. lf this Securiry Instrument is on a
<br /> leasehald, Bottower sh�ll comply with the provisions of the lease. If Borrovrer acquires fee title to the Propeny,the
<br /> leasehold and fee tlde shall not be merged unless[.cnder�grecs to the mcrger in wrlting.
<br /> 6.Condannutlon.The proceeds of any awurd or clalm for damabcs,direct or consequeatial, in connection widi
<br /> ; any conGemnation or otuer takin� of any part of the Pmperty, or for convcyance in pl�ce of condemnation, are -
<br /> • % hereby�ssigned and shall be p�id to Lcnder to the extent of the full amount af the indebtedness that remains unpaid j.,;°;-;
<br /> �� under the Note and this Securiry lnstrument. Lender shnll npply sucu proceeds to the reduction of the indebtedness 'a --
<br /> � under the Note and this Securiry Instsucnent. first to any delinquent ainounts applicd in the order pmvided in
<br /> parngraph 3.and thea to prepayment of priuc[pal.Amy appltcation of the proaedQ to tho principal shall nat eatend or �
<br /> � postpone the due date af[he monthly panneats. vihich are referred to in paragraph 2,or change the amount of such ��
<br /> �; payments. Any eaccss pmceeds over an amaunt required to pay all outstanding indebtedness under the Note and this �--
<br /> . Securiry Insuwnent euall be paid to ttue cntity legally entttled thereto.
<br /> 7. Chargcs to Borrower aad Protectlan oi Lender's R1ghPa in ihe Praporty. Borrower shall �ay all �'�'
<br /> ° 1� governmeatal or mwicipal chazges, fines and impositions that are aot Included in paragraph 2. Borrower shall pay __
<br /> these obltgations on time directly to the entiry which is owed the payment. If tallure to pay would advcrsely aFfe.ct
<br /> � • i.eader's inurest in dte Prapert�, upon Lendsr's request Dorrower shall pmmptly fiunish to I.ender reeeipts �� -
<br /> - ' i evidencing these payments.
<br /> • If Bornow�r fails to make the.se p�yments ar the payments required by paragraph 2,or fails to perform any othcr ��
<br /> covenants aud agraments contaiacd in this Securiry Instruinent. or then is a legal proceeding that may signifi�.antly �
<br /> ;�� affect Lender's rigl�ts in the Prop�rty(such as u proce�ding in bankruptcy, for condemnation or to enfarce fi�as �r °-
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<br /> ,;� . : � ' [egulauons�, then Lenaer may uv auu pay w��utcVc� i5��a.naa,y Ii, piuia:t iuc value oi iite F[opCi[y aIId'1.eAaer's
<br /> rights in the Aroperty,including payment of taxes,hazard insurance and other items mentioned in paragraph 2.
<br />- ,� Any amounts disbursed by L.ender under this paragrapl� shall become an additional debt of Bonower and be
<br /> socured by tliis Security Instrument. These amounts shal!bear interest from the date of dlsbursement, at the Note
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<br />�.• �, • �•,`�. rate,and at tha option of Lender,sdnll bo immediately due and payable.
<br /> p� -�7.�:;�� �. `, Bocrower siiall prom�zey�dischnrge any lien which has priority aver this Security Instcument unless Boaower:
<br /> .,.y;"s;` '' . . ,; (a) agrces in wcitin
<br /> e�'.,�•,;�� , g to the payment of the obligatton secured by the lien in a manner acceptable to Lender; (b)
<br />"""'�`'`��"' wntest�in ood faith the lien b , or defends a unst enforcement of the lfen in, le al roceedin s wk�ich in the
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<br /> __ . Lcnder's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
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<br /> �v��,;_;,�,�,�� af the Property is subject to a licn wt�{r.h may attain prlorlry over �his Securiry Instrument, Lend�r may give
<br /> =�,�"�xQ;�;_�' Bormwer a notice identifying the lien. Borrower shall satisfy the lien or cake one or more of tha acdons set forth
<br />�,��-��.��:�°� above within 10 days of tho giving of notice. --
<br />�'t -•�� 8.Fces.I.ender may wllect fees and charges authorized by the S�cretary. `"
<br /> — �—�^���� 9.Grounds for Acceleradon of Debt. -
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<br />—�:�. . (a) IkCault.Lendcr may, except as Ilmited by regulations issuerl by the SECmtacy,in the case�f payment
<br />��"'"��'-• . ,� defaults,requ�re immcdbate payment in t'ull of all sums secured by this Securiry Instrument if: ^�-
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<br /> ----f (i)iBorrower defaults by failing to pay in full any monthly paynient required by thls Securiry Instcument �
<br />_�-'�'�'` prior to or on the due date of the next montlily payment,ar
<br />�`'°�`��' ' (ii)Bonower defaults by failing,for a period of thirry days,to perform any other obligations contaiued =
<br /> :,;,�.� in this Securiry Insuvment. • •:-
<br />?�'t�'y.�,���°'^ (b) Sate 3'Vithout Credit Approval.Lender shall, if penmitted by applicable law (including Section�41(d) =
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<br /> ___' . - of the Gam•St. Germain D�loository Instttutions Act of 1952, 12 U.S.C. 1701j-3(d�) �nd with the prior h�
<br /> r `.�'-���-. ' approval of the Secretary, require immealiate payment in full of all sums secured by this Securiry Instrument Q�=
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