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20120065� abandoned Properiy. Borrower shall also be in default if Borrower, during the loaz�, application proces�, gave materially false or inaccurate information or statements to Lender (or faile� to provide Lender with any mateaial information) in coimection with the loan evidenced by the Note, including, but not limite� to, repr�ons conceming Borrower' s ocxupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with the provisions of the lease. If Bonower acquires f� title to the Property, the leasehold and fe,e title shall not be merg� unless Lender agrces to the merger in writing. 6. Condemnatlon. The proceeds of any award or claim for damages, dire�t or consequential, in conne,ction with any condemnatian or other taking of any pazt of the Property, or far conveyance in place of condemnation, are hereby assign� and shall be paid to Lender to the eactent of the full amount of the indebtedness that remains impaid under the Note and this Security Instrumen� Lender shall apply such procee�s to the refluction of the indebtedue� under the Note and this Secarity Instrument, first to �y delinquent am+ounts applieri in the order provideci in paragraph 3, and then to prepayment of principal. Any application of the proceerls to the principal shall not extend ar postpone the due date of the manthly payments, wluch are referrerl to in paz�agra�h 2, or change the amoimt of such payments. Any excess proceeds over an amount re�uireri to pay all outstanding indebte�ness under the Note ffid this Se�urity Instrument shall be paid to the entity legally entitled thereto. 7. Charges to Borrower and Protection of Lender's Rights in the Property. Bonower shall pay all governmental or m�micipal chazges, fines and imgositions that are not included in p�h 2. Bonower shall pay these obligations on time directly to the entity which is owed the payment. If failure to pay would adversely affed Lender' s interest in the ProPert}', upon Lender' s request Boirower shall promptly finnish to Leader receipts evidencing these payments. If Borrower fails to make these payments or the payments required by pazagraph 2, or fails to perform any other covenants and agr�ments contained in this Security Instrument, or there is a legal proceeding that may signific�ly affect Lender' s rights in the Property (such as a procee�ing in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender' s rights in the Properiy, including payment of taxes, hazard insurance �d other items mentioned in paragraph 2. Any amounts disburse� by Lender under this pazagraph shall be�ome an additional debt of Boirower and be secured by this Security Instrumen� These a�nounts shall bear interest from the date of disbursement, at the Note rate, and at the option of Lender, sha11 be immediately due and payable. Borrower shall promptly discharge any lien which has priority over this Security Instnunent unless Bonowes: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends again.4t enforcement of the lien in, legal proceedings which in the Lender' s opinion operate to grevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Se�urity Instnument. If Lender determines that any part of the Properi,y is subje�t to a lien which may attain priority over this Security Instrument, Lender may give Bonower a notice identifying the lien. Borrower shall satisfy the lien ar take one or more of the actions set forth above within 10 days of the giving of notice. 8. F�s. Lender may collect fees and charges authorized by the Secretary. 9. Gronnds for Acceleration of Debt (a) Defaul� Lender may, except as limited by regulations issued by the Secretary, in the case of paym�t defaults, r�uire imme�iiate payment in full of a11 sums se�ured by this Security Instrvment if: (i) Borrower defaults by failing to pay in full any monthly payment require� by this Se�urity Instr�mn�t prior to or on the due date of the next monthly payment, ar (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obliga�ions contained in this Security Instrument. (b) Sale Without Credit Approval. Lender shall, if permitte� by applicable law (including Se�kion 341(d) of the Crarn St. Germain Depository Institutions Aet of 1982, 12 U.S.C. 1701j-3(d)) and with the prior approval of the S�retary, require 'unme�iate payment in full of all sums s�ured by tlus Security Instrument if 2200202789 n v4rn� i��:� — VMPC�.4N(NE) loao�l.o� Paae a a e Z�IJq M