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<br /> Bonrowcr shnll also bc in dafault if Borrowcr,durinB�ha laan upplication procw, g�vc mancrially falsc or inaccuratc
<br /> .�� infocmution or statemc�4y to Lcndcr(or failcd to provid��Lend�:r with any mwe�ul information)in wnnc;ction with thc `��_
<br /> ��r" loan cvidcnced by thc Notc. including, but nqt timitcd w,rcprescntations conxming Borrowcr's occap�ncy of thc K,r�
<br /> . F i'roperty as a principal residcncc. Ii thia Sccuriry Inswmcnt is on a Icasclald� Borrowcr sh3U cornply wi[h�hc �-::�.
<br /> . provisions of tha lcase. lf Borrowcr xquires fea titic to thc Property,the k:isel�old arxi fce titk shall not bc maged r�---
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<br /> � { unless l.cndcr s►grccs to thc mcrgcr in writing. �_' '
<br /> I 6.Condemeyt(oe.Tho prncecds of any awarr�or claim for damages,dirat oi consequenual,in connectan with
<br /> '• i any condcmnntion or othcr mking of any part of the Property,or for conveyu�a in p;acc of condcmnation,arc haeby =
<br /> i� � assigncd and sh.�ll bc paid to Lendcr a the extent of the full amount of tho in�6�s that remains unpaid unda ihc _-
<br /> ' Note nnd this Secwrity Instr�menc Lendcr shall��pply such procccds w the mduciim► of the indeMedness under the Notc -
<br /> �: � and this Stxurity Instrumen4 fnst t�any delinyucnt amounts applied in the or�da providcd in paragraph 3,and ttKn W 4-
<br /> pe�epnyment af principal.Any application of�hc nroceedy tA tha principal shall naext�rnd or posq�one the due du�e of the
<br /> , mandily payments,which are referced w in para�r�ph 2,or change the arnowt otsu�ch payme�u. Any excass procxcis =`-"
<br /> ovcr an arnount requiced tn pay all outatnndin�indcbtodncss under the Note and� Secariry Instrumeat slutl be paid to �
<br /> thc endty Icgnlly cntitled thereto.
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<br /> , 7. ChArges to Borrower �ad Prouctiun of Lender's Ri=hts L !�Property. Barower shall pay all =_
<br /> govemmental or municipal chnrges,Cmes and impositions that ere not included 'anp�ag►aph 2.Borrower shall pay�hese ��i..
<br /> , , obligsuions on[ime direcuy�cr dia enaty which is owal�he payrt�c.If failure a pay would adversety aftect Lender's !'_=-
<br /> interest in tha Ptcnerty.upon Le�der's r�e.quest IIorrower shall P�P�Y furraishto Lender receipts evidencing Ihesc =•_•
<br /> payments. --
<br />_ If Bamwcr EaiJs w make ttxse paymcnts or thc payments roquirod by parqcaph 2.or fails to perform any aher
<br /> .. covecwnw and agn..cments containod in this Socurity Instrument,a ttx,re is a �v�ocoe�nA�may Si�;t-,c�nay
<br /> � � affect L.cnder's r�gAts in the Ptoperty(such es a pcnacding in bank�uptcy, Ea condemnation or to enforce laws ar
<br /> f� regulutio►ts),thece E�ende,�may do and pny whatcvu is necessary W protoct Ne value of tht Froperty and l.aukr's ngh2s
<br />''" in Ihe I�►opectY.�.x:N�dinB PaYn►ent of t�ees,ha�ard insucance and Wher itcmc as�iorxd in p�ragraph 2.
<br />'`Y �• My amaur,rs disbucsed by Lender unda� this paragraph shall become an odditional deb[of Borrower and be
<br /> m":?x;•;',; secured by this Security Insoriutuea� 'Ibese amounts shall bear intaest from the du�of disbursement,et the Note ratc,
<br /> �����` �3 and at thc option of I_ecidcr,sAali bc ima�ediuely due and payeble.
<br />� ,"';�'•,;�"- Borrower sbaA P�P�Y discharge any lien which has priority over thu Sauriry Instrurt�ent unkss Borrower.(a)
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<br /> '�m:.-�� agroes in writing a the payment of the obligation secured by the lien in a muana a�captabk to Lendu; (b)cantaua in
<br /> good faith the iiai by.a defends against enforcement of�he lia►in.kg�l proaalsngs which in the I.endcr's opinion
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<br />�,-�,�-.,�.� qxxa�e to prevent the enforcenxa►t of the lien: a(c)secures from the holdx of il�ae Ikn en a�xmeat s�tisF�ctory en
<br /> ;,w;;�� _:_., Lcnder sub�rdinating the licn to thic Security Instrument If L.ender determines �lutany pert of the Property is subjat w
<br />����� a lien which may attaii►prioriry over this Security Inswmen�I.ender may give Borrower a notice idet►afying the liea.
<br />�:a.�iw Barower st�all satisfy the lien or take one or moro of U�e acdons sct foctt►above wi�hin 10 days of thc giving of notix.
<br /> J`�`���� 8.Fces.Lender may collect foes and charges authorized by the Secc�etary.
<br /> Gaa,,�•.�_`�s"_�
<br />�,:;�;�,;- 9.GrouaLs tor Accekration o�Debt.
<br />�;��,?'.,'�.. (�) Defaut� I�enek,r may,eacapt as limited by ngulations issued by ihe Secntary, in the case of payment
<br />�„�Y;�t;�,. defaults,require immaliatc payment in fu(1 of all sums secured by this Smu�iry Insnument if:
<br /> _-.':-�:.: (i)Borcowu defaults by failing to pay in tull any monthly paym .• �ured by this Securiry Ins�nt
<br />=y:.��t,t;. prior to or on thc due d�:te of thc ncxt monthlY paymcnt,or
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<br /> �-�.�_—� (ii)Bortowcr dcfaults by failing,for a period of thirty days.oo p�r�, �other obligadons containod in
<br /> _':��a-� this Security Instnunen�
<br />""-s ""� • (b)Sak Without Credit Approval.Lender sl�all,if peimitted by applica�se law(including Section 341(d)of
<br /> ''°='-�'�`-� the Gam-S�Germain Depository Insututions Act of 1982,12 U.S.C.1'701j-3(d))and with the pria approval of
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