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<br /> . 97- 144646
<br /> abu�doned Property. Borrow+er shd� also b� in default if �urrower, during thc lo«n �plic.tion pr�cess, gnve .
<br /> materially fAlse or inac�urate information or stetem�nta to l,ender (or fdled to provido Lender with any matorinl
<br /> lnformitian) in wnnec[ion with �he loan evidenced by the Note. including, but not Ilmited to, reprosemtutians
<br /> concoruing Borrower's occupwcy of tde Property as a pdncipal residence. If thic Secur[ry Instrumont ia on a
<br /> leuehold.Borcower shall comply with the provisions of the le�se. If Borrower acquins fa tide to tha Fr�perty. the
<br /> leuehold end fa title shall aot b�merged u�n�ess Lcnder aBrees�°the merger in writing.
<br /> 6.Coa�kmns�tbn.The proceeds of aay awazd or claim for damzges,dlrect or conuquential, in co�mectinn with
<br /> any condemnacion or other taking of eny part of the Property. or for conveyulce in place of condtannntinn, are
<br /> hereby assigned and shall be P�id to Leader to the eatent of the fuU amo+mt of the indebtodness that rr.nnains unpaid
<br /> under the Note aml thls Securiry lnsuument. Lender shaq apply such procads to the teduction of tha indebtedness
<br /> under the Nate aad this Security Instru.ment. first to aay delinquent unounts applied in the ord�r provided in
<br /> puagnph 3,aad then to ptepzY�►t of principal.MY aPPlicatioa of tht procads to the princip�l shall not eatend or
<br /> postponc thc du-,cla.e of t�e �!onthlY payme�►ts.which an cefernd to in Puagraph 2.or change the amaunt of such _
<br /> p�,y��, /�ny ea�oess pmoeeds�ver an amount required to pay all outsturcling indebteclness uader the Diote auci t�is
<br /> Securlry Lasuument shall be paid to Wa entity legally entitled chento. ��W�r ��[ a all
<br /> 7. Ch�rges W Borrovur and Protection ot Lender s Rig6ts ln tht 1'ropert3+. P Y
<br /> govammental or municip�l ch�rga, fines and impositions that are not included in puagraph 2. Borrower shult pay
<br /> these obligations van titne direetly to the entity which is owed the payment. If failure to pay would adverc.eeily affeet
<br /> Lender's interest in the Property', upon l.endtr's request Borrower sh�ll prompdy fumish to Lcuder receipts
<br /> evickncing these payroeats.
<br /> If Borrower fails to roake thae payments or the payments reciuita►by pazagraph 2,or fails to perform any other
<br /> covenants and agreenxnts contained in this Security Iastiument,or th�n is a legal proce�ding thu may sigaificanR�y
<br /> affect L.ender's rigt�ts in the Propaty(such as a proceeding in banluuptcy, for condemnatian or to enforce luw9 or
<br /> ��.:����.�. t r.u�er may do and oay whatever is accessary to pmtxt the value of tbe Propcny and 1.tmdc�'�s
<br /> rights in the Propecty,including pryaxnt of taxes,hazard insarance ancd other itcros mwrionod in guaxl�vh�•
<br /> My amounts disbursed by Lender under this puagrrph shall become an addltiaual debt of�arrower r►�be
<br /> sccurod by ttus Secur[ty insuumeat. These amoun�s shall bear interat from the dace af disburseinent, at tha Nw�e
<br /> rue,�nd u the option of L.ender.shall be imcnediately due and payablc.
<br /> Borrower shaU pmmptlY discharge any Eien which has priority over this Securicy Instiument un7css Botmwer:
<br /> (�) agrep in writing to the pa��nt of the obligadon secured by the Uea in a m�ancr axeptabl� tn Lendor; (b)
<br /> coatests in gaod fiith the lien by, or deFends against enforcement of the lien in, legul prnooediaSs which ui the
<br /> I,ender's opinion operate to prevent the enforcement of the lim;or (c) secur�s from the holder of We lian an
<br /> agroement satisfactory to Lender subordin�ting the lien to this Securiry Iasctumeat. If Leader determines that mY pert
<br /> of tLe P[opectY as subjoct ro a lien which may attain pdority ovcr thix Socurlry Insttument. Leader mry give
<br /> Boirower a notice identifying tbe liea. Borrower shall sptisfy tbe lien or tafce one or more of the nctioas set forth
<br /> �e within 10 days of th��iving of norice.
<br /> 8.Fas.Lender may c:oUect fees�ad chuges authorired by the Secretary.
<br /> 9.Grountb[or Accdaatiou of DeM.
<br /> (�)Iktault. L�ender mxy, except as limited by reguluion+issuai by the Socretary, in the casc of pay�meat
<br /> defaults.nquire immediue pxyment in full of all aums secured by ttd�s��bY��t��ty Insttument
<br /> (i)Borrower defaulu by failing to pay in fa11 any monthlY WY
<br /> prior ro or on�e due date of the next monthly payment,or
<br /> (ii)Bomower dcfiults by failing,for a period of thirty days,to perForm anY other obligations contained
<br /> in this Securiry Instrumcat.
<br /> (b)Stle Wit6out Credit Approval.Lenskr sh�ll. if p�rmittai by applicable law(iacluding Section 3Al(d)
<br /> of the Gam-St. Germain Depository Ia4titutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior
<br /> appmv�l of the Seccetary, raluin immediate payment in fiill of a11 sums secured by this Security Instrtament
<br /> if:
<br /> �4p�NE)196041.01
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