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<br /> � '"""'�"� abandoned Property. Borrower shall also be in default if Borrower, during the loan application process, gave
<br /> materially false or inaccurate information or statements to Lender (or failed to provide l.ender with any material i�'�
<br /> tnformation) in connection wiQi tlie loa�i evidenced by the Note, including, but not limited to, reprosentations __ -
<br /> r� conceming Borrower's occupancy of the Property as a principal residena. If this Security Instrument is on a —
<br /> _, Icasehold,Bonower shall comply with the provisions of the lease.If Borrower acquires fee title to the Proper[y, the ..
<br /> 3t leaschold and fee title shall not bc mcrged unless Lender agrees to the merger in writing.
<br /> 6.Condemnatlon.The proceeds of any awazd or claim for daznages, direct or consequential, in comtection wi[h k
<br /> � any condemnation or other taking of any part of the Property, or for conveyance in place of condemnation, are =
<br /> hercby assigncd and ahall be paid to I.endcr to che extent of the fuU amounc of thc indcbtedaess that remalns unpaid
<br /> under the Note and this Security Instrument. Lender shull apply such proceeds to the reduction of the indebtedness __
<br /> under thc Notc and this Securiry Insttvment, first to any delinqucat amounts applied in the arder provided in
<br /> paragraph 3, and then ta prepayment of principal. Any application of the praceeds to the principal shall not extend or
<br /> . . , postpone the due dnte of the monthly payments, which an referred ta ia puagraph 2,or change the amaunt of such _`
<br /> � payments. My excess proceeds over an amount required to pay all ouutanding indebtedness under the Note and this �` ;_
<br /> Securiry inetc lment shall be paid to the entity legally entitled thcreto. •-
<br /> ' 7. Chnrges to Borrower and Protection of Leader's Rights �n the Property. Bonower shall pay all __
<br /> governmental or municipal charges, fines and impositions that are not includecl ln paragraph 2. Borrower shall pay __
<br /> " ° these obligatioas on time directly to the entiry which is owed the payment.If failure to pay would adversely affect
<br /> �., -� Lender's interat ia the Property, upon Lender's request Borrower shall promptly furnish to Lender reccipts -
<br /> evldencing thess payments.
<br /> ' If Borrower faila to muke these paymenu or the payments required by paragraph 2,or faiIs io perivcm a,iy uttier
<br /> covenaats and agreements cantained in this Securiry Instrument. or there is a legal proceecling that may significantly r=°
<br /> n.
<br />- uffect Lender's rlghis in the Properry(such as a praceeding in baalcruptcy,for condemnation or to enforce laws ar �_,�,
<br /> ;.s:� ° regulations). then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's -
<br /> �1:.. �
<br /> . ' rights In the Properry, including payment of taxes,hazard insurance and other items mentioned in paragraph 2.
<br /> ' � My amounts disbursed by Leader under this paragraph shall became an additional debt of Borrower and be
<br />��_;:;.,.. secured by this Security Insttvmenc. These amounts shall bear lnterest from the datc of dtsbursement,at the Note
<br />���_ ���� rate,and at the optiou of L.ender,shall be immediately due and payable,
<br />����••�•,` Borrowershallpromptly discharga any lion which has prioriry over this Securiry Inatrument ualess Borrowcr:
<br /> ��� � �'``� �• (a) agrees in writing to the payment of the obltgution secured by the lien in a mnnner acceptable to Lender; (b)
<br /> y-.•_:. •..�:t�: .�
<br />��_�-;;;;;,•• ;;;' - contests in good fai�h the lien by, or defends against enforccment of the lien in, legal proceedings which in the
<br />�``��u'` i.ender's opinlon operate to prevent the enforament of the lien; or (c) secures from the holder of the Ilen an
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<br />_-�-s�;��.� � agreement satisfactory to L.ender subordinating the lien to this Security Instrument. If Lender determines that any part
<br /> :�i�;:,y: .
<br /> ;,,��•�: , of the Property is aubJect to a ltea which may attain priodty over this Security Instrument, I,ender may give
<br /> =�•'�;";:.' Borrower a notice idendfying the IIen. Bonower shall satisfy the lien or cake one or more of the actions set forth
<br />""�'����"'4� above within 10 da s of the ivin of notice.
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<br />'� 8.Fces.Lender may collect fees and charges authodzed by the Secretary. _
<br />=�,"'' ���� ��� 9.Grounds fa Acceleration oi Debt.
<br /> :;h�.��b.. (a) Default. i.ender may, except as limited by regulations issued by the Secretary, in the case of payment
<br /> �'���¢�+'� defaults. require immediate payment in full of all sums secured by this Security Instrument if: -
<br /> � -
<br />=':-��'�n� (i)Borrower defaults by failing to pay in full any monthly payment required by this Security Instrument -
<br /> �•`--" ''` prior to or on the due date of the next monthly payment. or v--
<br /> '�`�
<br />;.�;;�"'s.i�';, (i{)Bortower defaults by failtng, for a perind of thirry days. to perform any other obligations contained �';:;._,
<br />``-'`� ,.;J.�'. • in this Securiry Instmment. �k�--
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<br /> . '. (b) Sde Wlthout Credit Ap�rovAl. Lender shall, if permitted by applicable law(including Section 341(d) �4'�=�.:
<br /> of the Gam-St. Germain Deposttory Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior 1�-;_
<br /> approval of the Secretary,require immediate payment in full of all sums secured by this Security InstrumPnt `'•�
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