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� 98- ��ss Borrower shall aLso be in default if Borrower, during the loan applicadon process, gave materially false or inaccurate informadon or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations conceming Borrower's occupancy 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 Borrower acquires fee tifle to the Property, the leasehold and fee tide shall not be merged unless L.ender agrees w the merger in writing. 6. Condemnation. The proceeds of any awazd or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in place of condemnation,are hereby assigned and shall be paid to Lender to the eztent of the full amount of the indebtedness that remains unpaid under the Note and this Security Inswment L.ender shall apply such proceeds to the reduction of the indebtedness under the Note and this Security Instrument,first to any delinquent amounts applied in the order provided in paragraph 3,and then to prepayment of principal.Any application of the proceeds to the principal shall not extend or postpone the due dat�e of the monthly payments,which are referred to in paragraph 2,or change the amount of such payments. Any excess proceeds over an amount required to pay all outstanding indebtedness ande,r the Note and this Security Instrument shalt be paid to the entity legally entided thereto. . ' . , ,; 7. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower, shall pay all governmental or municipal chatges�fines and impositions that are not included in paragraph 2.Borrower shall pay these obligations on time directly to the entity which is owed the payment If failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Borrower shall prompdy fumish to Lender receipts evidencing these payments. If Borrower fails to make these payments or the payments required by paragraph 2, or fails to perform any other covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significanfly affect I.ender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations),then Lender may do and pay whatever is ne�essary to protect the value of the Property and L.ender's rights in the Property,including payment of tazes,hazard insurance and other items mendoned in paragraph 2. Any amounts disbursed by Lender under this pazagraph shall become an additional debt of Borrower and be secured by this Seciuity Instrumen� These amounts shall bear interest from the date of disbursement, at the Note rate, and at the option of Lender,shall be immediately due and payable. Borrower shall prompdy discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable w Lender; (b) contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement sadsfactory to Lender subordinating the lien to this Security Instrumen�If Lender determines that any part of the Property is subject to a lien which may attain priority over this 5ecurity Instrument,Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of nodce. 8.Fees.Lender may collect fees and chazges authorized by the Secretary. 9.Grounds for Acceleration of Debt. (a) Default. Lender may, except as limited by regulations issued by the Secretary, in the case of payment defaults,require immediate payment in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by this Security Instrument prior to or on the due date of the neat monthly payment,or (ri) Borrower defaults by failing,for a period of thirty days, to perform any other obligations contained in this Security Inswmen� (b) Sale Without Credit Approval.Lender shall, if permiued by applicable law (including Section 341(d) of the Garn-St.Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d))and with the prior approval of the Secretary,require immediate payment in full of all sums secured by this Security Instrument if: ��4R(NE)�esoa�.o� Pa�e a ot s, InHlale: tiY • li��pV��