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<br /> .*w� abuxlaned Property, Bortnwer shall also be in default If Bor.ower, dudng the loan application process, gave
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<br /> a�atad�lly false or inaccurate information or statemeats to L,eader(or failed to provide Lender with enY meuerial �`
<br />' infarmation) in conaection with the loaa evidence� by the Note, including, but not limited to, repnsentationa �:_
<br /> ` conaming Borrower's occupancy of the Property us a principal residence. If ihls Securltl+ Instnunent ia on a �,
<br /> �• l�asehold, Borrower ahall comply with the pmvisiona of the lease. If Borrower acquires fu dtie to the Praperty,cha �-_
<br /> � Ic.asehald and fa title shall not be merged unless Lender agrees to the merger in writtag. -
<br /> ,�, 6.Condemn�tiou.Tha proceeds of any award or claim far damages,dirxt or consequential,in coanxtioa with
<br /> ' aay condemnatioa or other taking of any part of the Property, or for wnveyance in place of coadamnation, are __
<br />- _ . �t.,.�„�; henby assigned aad shap be paid ro L.eader to the exteat of the full amount of the Indebtedness that remains unpaid _
<br />;;: � ,..r ,� under tbe Note and this Security Iastnun�at. Lender shall apply such proceeds to the reduction of the indebtedixss __
<br /> uader tbe Note a�d thle Suvdty Instcument, fust to any delinqueat amounts applied ia the order pmvidod in _
<br /> ,. , pue�raph 3,and tben to prep�yment of principal. Any application of tha proceeds to tl�e Princ�pal slial�ttot extend or "
<br /> postpone the due date of tho monthly payments,whlch are r�ferrod to in paragraph 2.or changa the amount of auch w
<br /> ���' payments. Any exass proceeds over an aux>unt required to pay all outstanding indebtedness under the Note and this �.
<br /> aux
<br />-. •'".. � Security lattrusncnt ahall be p�id to thc eatiiy legally eaHded thereto. r.
<br /> " Borrower shall a all
<br /> ' 7. Charges to Horroxer ond Protection of I.enciu's Rights in the Property. P Y '-
<br /> � � ;�`�:';+' � govemmental or municipal charges, fines and impositiops that are aot included in paragraph 2• Borrower shall pay _
<br /> :" fi��":;;, these oblig�tions on tlme directly to the entity which is owed ttte payment. If failure ro pay would edversely affect
<br />_ .� �«��;:� � Lead�r's iatenst in tbe Property, upon Leader's request Borrower shall promptly furaish to Lender receipta
<br />�'��.r�,..�•;. evidencing these paymenta.
<br />�°�'�i;��,,} ,_, If Borrower faUs to make these payments or the payments required bY PuaBnPh Z.or fails to perform any other
<br /> �;'�..r�- �a��nss au�«;rssssr..ats e��tain.M ln�hl��ecuricy tnstrument. or then is a legal proceedln8 that maY eignific�ady
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<br /> ��,:.�.. :,�,� , affect I.onder'a rights in the Property(such a1 a proceedin8 in bankruptcy, for coademnatioa or to enforce laws or
<br /> _�-��;�,���y,; ` regulAtiona), tbea Lender=nay slo and pay whAtever is necessuy to pmtect the v�lue of the Property and I�ender's
<br /> -_�-;,�;� dghts in the Properry. including ptyment of uues�hazard�swance and other iums mentioned in paraBraPh 2.
<br /> -�'-�' Aay amouats diabursed by Lender under thfa paragraph shall become an additional debt of Borrower and be
<br /> -�'st�� secund by thta Seturity Iasm�meat. These amounta shaU bear interest from the date of dleburaemtnt. at the Note
<br /> °--_--= rate.utid u the option of L.ender,stutll be immediately due und payable.
<br /> - --_ = Horrower shall prou�ptiy dIscharga:ny lica�kicts hss grfor�ty over thia Security Instrument unlas Borrower:
<br /> -�.____— (a) �gras in writing to the payment of the obllgaHon secured by the lien in a maancr+�cce�uble`WL,eadeirn, �
<br /> ---- contests in good fdth the 8en by. or defends agniast enforcemeat of the lien ia, legal prooeedin8
<br /> ��_ Leade�'s opWon operue to prcveat the enforcement of the lien; or (c) secures from the holder of We liw aa
<br /> agreement eatisfactory ro I..ender subordlnauing the li�n to this Security Instrumcnt.If I.ender daermine�that�aY Put
<br /> -- of the Property ia subject to a Hen which may att�in priorlty over this Socuriry lnst�ument� Lender may g{ve
<br /> "-" Bor�ower a notice idendfyiag aho 1ien. Bormwer ehall satisty the lien or take one or more of the�xions eet forth
<br /> ----� above within 10 days of the givi�g of notice.
<br /> a.Fas.Lender uuy collect fas and chuges authorized by the Secretary.
<br /> = 9.Grounds ior Acedaation ot Debt.
<br /> --_�`�"'� (�) Ikf�ult. Lender may, eacept as limiud by regulatlon:� issued by th�Secrotary. in the case of payment
<br /> defiulta. nquire immedl�te payment ln full of all sums secured by this Saurity Instnm�ent if:
<br /> - (i)Sortower def�ulu by fsdling to pay in full aay montblY PaymeAt n4u9red by thjs SecuritY Iastrument
<br /> ���� pdor to or on the due date of the�xxt monthly paymcnt.or
<br /> _ -__=— (il)Borrower defaults by failing,for a period of thirty days.[o perPor►n any other obligations contaived
<br /> .._-_.�:� in this Socudty Insmtment.
<br /> v--"`°""'� (b) Sde W[t6out Credit Approval.I,endor shall. lf permitted by sppl9cabie law(including Section 341(d) -
<br /> ��:- of the Ciun-St. Gemnein Depository Insdtuuons Act of 1982. 12 U.S.C. 1701J-3(d)) and with the prlor -
<br /> =�:.,M��; appmval of tlx Secretary.rtqulte immediate paymtnt in full of all sums securod by this Security Insuumeat
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