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<br /> �� abandoned PropectY• BorroWer s�hall also be in default it Borrower, during �he loan appUcation process, gave Yk�+a�.
<br /> ,,...��e !� materiatly f�lu or inxcuratc Information or statements to Lcnder (or failed co provide Lender with any materi�l
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<br /> .,,..,��'''�++� inforusation) {n conneceion with the loan evidenced by the Note, including. but not limised co, repcesentations ;.'v��`
<br /> � 1 coneerning Bocrower's occupancy of the Properry as a Prfne�P�1 residena. If this Security Instrument [s on a __:___
<br /> . ,7�;'�,r,.
<br /> ;I leauhold,Borruwer shall comply with the provisionn of the lease. If Botrower acquires fa title to the Property�the -,1.
<br /> 't,:.;�,�;,�
<br /> g leasehold Aud fce tide shall noc be merged unless Lcnder agras to ths me�ger[n wdting. _ •°
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<br /> 6.Coade�nontion.Ttie praceeds of u►y awud or cl�ira for damages,direct or coascquenti�l. in conaxtion wi ;. �tv�=
<br /> any conde�anutioa or other caking of any part of[he Properry. or for convey�nce in p(sce of condemnacion, are
<br /> � ' ed and shall be aid to Lender to the extcnt of the full amount of the indebt�n�ws tha�n���� C,;%;�.
<br /> � hereby assign P °-
<br /> � under the Note and this Securiry Inscrun►ent. Lender shall a{�ply such proceeds to[h;i�ulcQCi�eoorder pmvided in `__-
<br /> w under thc Notc and this Security Insuumeat, first �o �cation of the proceeds o the principal sha11 not extend or -
<br /> • ! paragraph�,and then to pnpaymeat of principal.My aPp� _
<br /> , posqwne the due date of the montWy pnyments.which ue referred to iu paragraph 2,or change the amount of such �___
<br />- �' paya�encv. My excess pmceeda ovcr an amount required to pay all ouutanding indeb[edness uader che Note and this �
<br /> � Security Insuument shall be paid to the endry legally endtled thereto. go�Wer shall pay all -_—
<br /> ' „. 7. CWrSes to Borrower and Protection ot Lcnder s Rights In the Properiy.
<br /> �_" gov�ramentel or municipal charges, fines and impasitions that are not iacl�ded in PuaSraPh 2• BOnOWC1 sb� paY
<br /> tbese obligadons on time directlY to the entity which is owed the paym�nt. Ii f�ilun to pay would advcrsely affxt
<br /> Lender's intesest in the Properry, �alwn 1.ender's request Borrower shall pmmpdy furnish to L�n�er �ip�
<br /> evidencing thrse paym�nts. h 2.or fails to perform any other _
<br /> If Borrower fails to make thesc paymants or the payments required by paraB�P
<br /> covenanta and agreemn►[s contained in chis Securiry Instnunent, or tbare is�leg�l procading that may aigaiticandy
<br /> affecc Leader's dAhts in the ProP�rtY (such as a procealin8 in bankrupccy� for condemnation or ro enforce laws or
<br /> ' ngutations),thea Lendor maY do aad pay whatever is nxesyary to prat�i}sz:�°lsse �f t��!'"OP�m'�d Leader's
<br /> dghte in tbe Propexty.including payaxat of taaes.hazard Insurance and other items menvoued ia paragraph 2.
<br /> .�,.. .:' �ny �m�ounta diabursed by Lender under thls pangcaph sha11 become a�►�d�tionnl debt of Borrower�nd be
<br /> socurod by ehis Secuclry Instn�meac. T6ese amouacs s1�a11 beu'jn[enac from the date of disbursemenc, ac th� Noce
<br /> • ratc,and at the option of I.endor,shall be immedisusly duc uid payable.
<br /> .�i'. • Bomower shall prompdy discharge any licn which has pdoriry ov�r thie SecudcY Insteument unless B�n°wer:
<br />_'��'��"'�' •'� ia wdting co the payment of the obligation secured by the lien in i mermer accePtable to L.ender; (b)
<br />=-?"'� •`" (�) agroes s which in the
<br /> � •�AJi: �IItaW �good faith the lien by, or defends agaiust enforcemcnt of the liea in, leg�l pmoeedin8
<br /> -';;•'•``: '." Lender'a opiaion opecate to prevent the enforcement of the lien: or (c) secures from t�e holder of the lien iu
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<br />- .�,. .. �;' �groemeat suisfoctory to Leader subordinating dta lian to thls S�curiry In�trw�nt.If Leader detercnines at anY P
<br />_�'�:����-- of tLe FmperlY is subject co a lien which may attain priority over this SceuritY Insavment. Leader mry give
<br />;,��;�is:��`�� Borrower�naice identifying t he l ian. B orro w e r s h a l l s a t i a f y t h e l i e n or taice one or mon of the actioas set forth
<br /> ����=���-=:— above within 10 days of the giving of aotice.
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<br />��,��r.�•: .+�;� 8.Fas. Leader msy coltect faa and charges authorized by the Secretary.
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<br />_;;:.,� ,:,:K 9.Grounds for Accdaatlon ot t.
<br />�=_.�;:�.::,. .�. (�)Def��ult.Lender may. excePt at limital by regulations issued by the Sectttary,in the case of paycuent
<br /> ��}*` .
<br /> defaults.raluire immedl�a P�Yment in full of all sums secured by this Securlty Instiunneat if:
<br /> _ey„-.._,�,,c=,�� (i)borrowa aefaults by falting to pay in fu11 any monthly pay�ent requind by this Secudty trumen . --
<br /> prior to or on the duo date of the next monthly payment,or
<br /> - �Y =. '' (ii)Borrower defaults by failing. for a pedod of thirty daYs,to perform any other obligadons contait►od
<br />�`'�'.+ ��s���y�nstrument. licable law(including 5xdon 341(d)
<br /> --�x,...-.:_: ' ' (b) S�le Witlwut Credit Approval. Ieader shall, if permittod bY aPP
<br /> �-.�`� �" of the Gun-St. Ciermsin DePository Institudons Act of 1982. 12 U.S.C. 1701J-3(d)) and witt► the prior
<br />�;,: ^ -. _��..� approval of tha SecretarY�raluire immediate payment in fiill of all sums sxured by this Seturity Insuumeat
<br /> .. if:
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