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<br />� . abandoned Property. Borrower shall also be in default if Borrower, during the loan application process, gave , . '
<br /> . : information or statements[o l.ender(or failed to pc�ovide l..euder with anY material �. -
<br /> - materially false nr inaaurate
<br /> - - -- = information3 in ���on with ti�e toan evidcaced hy the I�Iote. including• but not limited to. rep�esentations t - -- -----_ ,
<br /> ° . � � wnceming Borrower's occupaacy of the Praperry as a prinapal residence• (f chis securitY Iamument is on a �
<br /> - • leuehold,Borrower shali compty with the provisions of the lease.If Borrowet acquires fee atle co the Propeity,the ,
<br /> '�. leasehold and fee title shail not be merged uuless Lender agc+ees w the merger in writing. ,
<br /> 6.Condannation.The prooeeds of any award or claim for damages.direct or consecNential.in connection c�nth . -- . -
<br /> - a�r condemnation or other taking of any parc of the Progerty. or for canveyance in place of condemnation, are �
<br />- , � hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedaess that�emains uaPaid �
<br /> - under the Note and this Seturity Iasm�eat. Lender shall apply such pmceeds co the�eduction of the indebtedness � .
<br /> . . under [he Note and this Securiry Insaument. first to any delinquent amounts applied in die order provided in
<br /> �, � paragra�h 3.and then w PrepaYment of principal.AnY aPPlicatioa of the prooceds to the principa]s6all no[extend or � �;•:�;.--
<br /> + L7 . ..l
<br /> =' postpone the due date of the m�nthty payinenu,which am referred w in patagraph 2,or change tlte amoum of sucD ;:r:,_:,�: .
<br /> � „`' • , paymenis. Airy eacess procee�.s over an amount iequired to pay all outstanding indebtedness under the PIote and this . ' '.
<br /> . !;.,�'� r.;� . '+ ::
<br /> �. �;`� __ Seauity Tnstrament shall be paid w the e.ntity legally eutided thereto. - ;
<br /> � ; �1:� '.�;�: 7. C6arges to Boam�rer and Pcotedion of l.ende�s LRighis in the Property. Borrower shall pay all ;�, _
<br /> r'1i` ti�,4�`• govemmc�l or m�miapal charges. fines and imposiuons that are not included in paragraph 2. Bonower shall pay .
<br /> ��" y''s these 6tsligations on time direcdy to the eatity which is owed the paymeat. If failure to pay would adversely affect . - "•
<br /> _, , .:��:� .
<br />- -ES l.ender's nueiest in che Property, upon Lender's request Borrower shall prompdy fiunisb to Lender receipu .:��,.
<br /> r� ,
<br /> evidencing these payments.
<br /> ;'� If Bormwer fails to make these payments or the paymenu re�ired by paragcaph 2.or fails to perform any other � s •-
<br /> ' - . � .�`� covenants and agteements contained in this Securiry Insaament.vr there is a tegal ProoeedinS y :" ' �r.
<br /> chat ma}+sigaificantl -..+-::
<br /> a f f e c t L�c n d e r's r i g h u i n t h e P r o p e rt y(such as a p r Q�d i:.g in bankru ptcy,for condemnauon or to enforce laws or }` ' � ,
<br /> x :.. .;� i . .
<br /> ., regWations), then Lender may do and pay whatever is neces.�p to protect the value of the Properry and Lender's .:..:;{>�-; :.
<br /> � :��-' rights ia the Property,including payment of taxes,ha7ard�*���and other items menaoned:.ia pazagraph 2. '
<br /> tll�, ;, :'';
<br /> ,�.. . .. �,�: Any amounis disbursed by Lender nnder this patagraph strali became an additional�:of Bonawer and be '_, �.. �.�,..
<br /> �, � secured by this Seauiry Insaament. These amounts s}iaU bear�rest from the date of disbursement, at the Note � ,�� s ;,
<br /> rate.and at the option af Leader,shall be immedi��a`?��.e and payable. � �. � t� :� •.
<br /> Borrower shall pta:�:iy discharge any liei�:�;a~has prioriry over this�:rity lnstniment untess�orrower. /sr, ,, ,.
<br /> t 4�Y`( ��.
<br /> � ` �,°`:�•� {a) agrees in writing co ��payme�ut cf the ob1:�r ia+�secared by [he lien ic a�anner acceptable ta Leader; (b) fr r?{: , ,_ -._
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<br /> ! �>'" ° •;����r� comests in gaod faith she tien by, or�efends against euforcemeat of the liea in. legal pm c e c d i ngs w l u c h in t he �;
<br /> +" �?��`r:� Lender's opinion operate w prevent che enforcement of the liec; or (c) secures from the holder of the lien an s�� ; '�^
<br /> '�f�''�;;:•..,.,�. . f;��?.' agreement satisfactory u�Lend�r subordinating the Iien co this Security Instruar�.If Lender determiaes that any part �t,'.'�:. . ., {,-:';
<br /> �' ��:� rf ` ` ' of the Property is snts;ect to a lien which may �ain prioriry over ttus 5��.sy Insuument, Leadec r�ay give {y,%�j� '•=
<br /> {f�'`''"'°i��' :,f,<.+;�;;�;' Burrower a noticc identifying the lien. Sorcower shall satisfy the lien or take��a or more of the actic�s set forth t A�}i, '�`-
<br /> { � J� y -�� _-.
<br /> � �';i's� above widun 10 days of We g►ving of r�ce. �
<br /> , � ����'�, S.Fe��Lender may collect fees�charges authoiized hy r=+:Serretary. • � 1�'
<br /> '1�,�,, `Li`if ..-.5:'t,y:.•_,
<br /> ��{ti • . �•�;°�.a� 9.Gsuunds fos A�d2�atlon of Deb#. �s:�,_:`� '1 v,_�.
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<br /> '�Y (a)�efaal3.I.ender may. excepi as li..:��.:t�y regulations issued by the Secretaty. in the case E��ayment `,;�::�.,:,. <. ,�,.
<br /> : � defaults,mcluire imvediate payment in fuJ.l'�:all sums sewred by this Security Iasuument if: , ,` ', ..
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<br /> �.. ti � (i)Borrower defaults by failing to pay ir full any��ntWy payment required by tWs Security lnswment , � , .
<br /> : '��, prior to or an tlie due date of the next monthly payment,or i ` , < < t�r�:
<br /> l,� ;� (i i)B o r r a�zc defaults b y failin g,for a oeriod of th i rt y days,to perform any other obligatioas cuntalned � ' `
<br /> .,{,�':���, ' in this Socw�ie}r Instrument. i ` .
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<br /> � •� ' � (b}Safe�'rL�u!Credit���. ��'�shall. if pemutted by applicable law(including Sear�:�341(d) : •. .
<br /> ' • •'�; of the Gara-Sc. Gennain �sitory tastitutions Act of 1982, 12 U.S.G 1701j-3(d))and wi� tIte prior . , `
<br /> � . a�proval o£the Secretary.require immediate payment i.n��11 of aIl sums secured by this Security[�swmrat • . •�
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