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<br /> ....�+�"�SR Borrotivcr st►All al�b�in defnult it Bacrowcc,durin� thc loan application proccss, gaSc matcrially falsc or inaccuratc =
<br /> •��••� infartnntion or stutcsmonts w Lendcr(a�ft�iled to providc Lcndcr wlth any metcrial informat�on)in connection with thc
<br /> � loan evidonced by Uta Notc. including,but not limitcd to,rcpresentadons conccming Borrowcr's occupancy of thc -
<br /> Property a.9 a priu►cipul residG�ca If this Securiry Instrument is on a leasehold. Aorrower shall comply with the •. --
<br /> provisio�s of tha lease. If Bocrowcr ecquires Foe 6tle to ihc Property,the Ieasehold nnd fcc dtic shall not be merged
<br /> � unless Lendor agrccs to thc mcrger in writing. -___
<br /> 'F 6. Condemnatan. The pror.eeds of any award or claim for daniages.direct os ccrosequential,in connection with
<br /> , t� eny co�►dumnadon or other taking uf any part of the Pmperty,or for comeyance in place of condemnauon,are hereby
<br /> a assignc�'snd sh�ll Ce rnld to Lendcr to thc A.xter_*_of the fuU amount of the lndebtedness th.at remains unpaid under the
<br /> _. �S Note and this Sccuaty Incuumcn�Lendcr shaU apply such proceeds to thc reduction of the indcbtcdness under the Note � .___
<br /> , and this Security Insuvment, fust w any delinquent amounts appGed in the order provided in paragraph 3,and thcn to ___
<br /> � , ' • .� prepay�nenl of principal.Any applicad4n of the praceeds to the principal shall not extend or postpone the due date of the , ;:;�
<br /> . ; mondiiy payments,which are referred to in paragraph 2,or change the amount of such payments. Any excess proceeds _;
<br /> •� '�`� over an amount required w pay all outstanding indebtedness under the Note and this Security Instrumer►t shall be paid w �--
<br /> . .' p:..� thc entity lcgrilly entiticcl therew. -
<br /> , .:��?�{. 7. Ch�rges to Borrower and Protection of Lender's Rights id t6e Property. Borrowcr shall pay all _ '
<br /> � ��� ? gov e a u n e n t a l o r m u n i c i p a l c h a r g e s,C u�c s a n d i m p o s i t i o n s i h a t a r e n o t i n c l u d e d i n p a r a g r a p h 2.B o r r o w e r s h a ll p a y t h e s e
<br /> � �'�` obligaliona on time direcUy to the en�ity which is owed the paymenG If failure to pay wauld adversely affect Lender's ',
<br /> . �, intcrest in t he P roperty, upon L en der's reques t Bocrower s h a ll p rom p t l y f u mish to Lender recci pts evidencin g these �"
<br /> � payment�.
<br /> If�ocrowcr fails to make these payments or the payments required by paragraph 2,or faiLs to perform any othcr
<br /> - --"-_- covcau�[iro and agreements conteined in�his �ecunty lnstrument,or there is a iegai proceetiing ti�at may signi�icantiy
<br /> • :cffoct L,ender's rights in ihe Property (such u a proceeding in banlQUptcy,for condemnadon or to enforce laws or
<br /> mgulatiQns),then I.ender may do and pay whatever is necessary w protect the value of 1he Propeity and Lender's rigk�ts
<br /> in the Property,including payment of taxes,h�ard insaranca and other items menrioned in paragraph 2.
<br /> • , Any amounts disbarseci by Lendcr under this paragraph shall bacome an addltional debt of Borrower and be =
<br /> . secured by this Security Instrument These amounts shall bear interest from the date of dLsbursement,at the Note rate, _
<br />-. �; : and at the option of l.cndcr,shall bc immediatcly due and payabk. -
<br /> . . . Borrower shall promptly discharge any lien which has priority ove�this Security Inswment unless Borruwer. (a) �
<br /> . � . agrees in writing to the payment of the obligarion socured by the liea in a manner acceptable to Lender;(b)contests in °
<br />' � gooti faith thG lien b3�,or defends against enforcement of the lien in,legal proca,dings which in the I.endu's opinion
<br /> `' ' �'`' operate to prevent the enforcement of thc lien;or(c) secures from the holder of the lien an agrcement satisfactory to
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<br /> �:s.��;; : Lender subordinating the Gen to this Security InstrumenG If I.endu det�ennines thet any part of the Propaty is subject w -.
<br />_:.r_4:,-. a licn which may attair►priority over this Security[nstrument,Lender may give Borrower a nodce identifying thu lien.
<br /> •,},; .- Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. "
<br /> t�,•. �.-? 8.Fees.Lender may collect fees and charges authorized by the Secretary. ---
<br /> ' 9.Grounda[or Acakratbn of Deb� —
<br />-1.'r:;_`..t � (o) Defaui� Lender may,except as limited by regulations issued by the Sa;retary. in the case of payment �._
<br />=��;.>;�.4.,. defaults.require immediate payment in full of all sums socured by this Socuriry Insuument if: -=
<br />..���:1;�:�.�„ (i)Bocrower defaulis by failing w pay in full any monthly payment required by this Security Instcument --
<br /> '- �y,;` prior tn or on the due date of the next monthly payment,or ��
<br /> -''�-"'' (u)Borrower defaults by failing,for a period of thirty days,to perform any other obligaaons contained in ==
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<br />-'=,°..�f• • this Sccurity lnstrumcnG --_
<br />_,-•'��:• (b)Sak Without Credit Approvral.Lender shall,if pe�mitted by applicabla law(including Section 341(d)of f�;,
<br /> � thc Gam-SG Gcrmaia Depository Insututions Act of 1982,12 U.S.C.1701j-3(d))and with the prior approval of -
<br /> . the Secretary.require immediate payment in full of all sums secured by this Security Instrument if:
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