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<br /> .���-�" norrowcr snaii aiso oc in acisui� ii Ho►rowcr.during �i��iuwi appiiusuvn N��ws.ga.:,atoi�.r�tly fw�;,cr ir.�c�:.�tc -,:_--°�v-=;•-' --
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<br /> informadon or statements to Lcndcr(or failed to provide Lcndcr with any matcriel information)in conncctio;►with thc , -�, �t��� -
<br /> loan evidenced by the N�u, including,but not limited ta,representadons concerning Hoaower's occupancy o f the r�:_���°`•""--
<br /> ' � Property as a principal residcnce. If ihis Securiry Insuumcnt is on a Icaschold. Borrower shall comply with thc r;,''""" -
<br /> provisions of thc lease.If Bocrowcr acquires fec tidc to thc Property, thc lcasehold and fee tiQe shall not be merged ���'�=
<br /> .
<br /> unless Lender agrces to the merger in wridng. '�"--
<br /> 6.C4�C01AAZIOII.'Rie procads of any award or claim for dnmages,direct or consequenti�al. in connecpion with sz��_
<br /> any condemnadon or other taking of any part of the Property,or for convcyancc in place of wndcmnadon,arc hereby .,.
<br /> as.signed and shaU be paid to Lcndcc to thc oxtent of the full amount of the indcbtcdness that remains unpaid under the � �
<br /> Note and this Se�curity Instrumen�Lendu shall apply such procceds to the reduc6on of the indebtedness under the Note __
<br /> and thls Security Insirument,Cirst to eny dslinquent amounts applied in the ordec provided in pacagraph 3,and then to a.-=-
<br /> prepayment of princlpal.My eppllcation of the proceeds to the principal shaU not extend or postpone the due date of the _�
<br /> � monthly payments,which are referred to in paragraph 2,or change the amount of such paymenu. Any excess praceeds
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<br /> ovcr an amount rcquircd w pay all outstending indebtedness under the Notc and this Sccurity Instrumcnt shaU be paid w --
<br /> the entity legally endtled therew. `:�-
<br /> 7. Ch�trges to Bonower and Protectbn of Leader's Rights in the Property. Boaower shall pay all _-_
<br /> • govemmantal or municipal charges,Cnes and imposiuons tha[aze not included in paragraph 2.Borrower shall pay these � ___
<br /> obligadons on dme direcUy to the entiry which is owed the paymenG If failure to pay would adversely affect Lender's :'•,��
<br /> interest in tht Propeity,upon Lender's request Borrower shall prompdy fumish to Lender nceipts evidencing th�se ---
<br /> ._��
<br /> � payments. � '
<br /> If Rorrower fails to make thesc payments or the payments required by paragcaph 2,or feils to perForm any rnher ;;
<br />—__.__.__ . �-
<br /> covenanis and agreements containeci in this Security Ins[rumeni,or inuc i�a iegai prc,i,�.iu�g thai tnay ai�ca��s::y
<br /> affect Lender's rights in the Property(such as a proceedIng in bankruptcy,for wndemnadon or to enforce laws or -
<br /> regulations),then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights �
<br /> ' in the Property,including payment of taxes,hazard insurance and other items mendoned in par�aph 2. •;.
<br /> • My amounts disbursed by Lendu under this paragraph shaU become an addltional debt of Sorrower and be �._
<br /> . socured by this Security InstnunenG T'hese amounts shall bear intemst from the date of disbursement,at the Noie rate, __
<br />. , and at the option of L.ender,ahall be immediately due and payablc. ��
<br /> - Borrower shall promptly discherge any Hen which has priority ovu this Security Insmiment unless Barrowu:(a) [:_ ..
<br /> - a�ees in writing to th�payment of the obligetion secured by the lien in a manner acceptable to Lender;(b)oontes�s in F"�•. - —
<br /> � ' good faith the lien by,or dgfends egainst enforcunent o f the l ien in,leg a l p r o c e e dings w hic h in t he I.e n der's op i nio n �`
<br /> �f operate to prevent the enforcement of the lien;or(c)secures from the holder of the lien an agreement satisfactory to ��
<br />_ .„ , ,., Lender subordinatinng the lien to this Securiry Instrument If Lende�determines that any part of the Propecty�S subject to _
<br /> „ •. a lien which may auain priority over this Security Instrument,Lender may give Sorrower a norice identifying the lien.
<br />�1��.:••.• , Borrower shall satisfy the lien or take ane or more of tho acaons set forth above within 10 days of the giving of nouce.
<br /> - - ,� �� 8.Fees.Lender may collect fees and charges authorized by the Secretary. _
<br />' ���'�' _
<br />+ 'i '.%���:r 9.Grounde tor Accekration of Debt. =
<br />-~• ' '����� (a)DefaulG I.ender may,oxcept as limited by regulaqons issued by the Secretary,in the case of payment �_
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<br />`_. -- ' defaults,require immediate payment in full of all sums secured by this Securiry Instrument if: �_�-
<br /> �• :. � (i)Borrower defaults by feiW�g to pay in full any monthly p�yment required by this Security Insuument Q�-
<br />;�,;.';""��� rior w or on the due datc of thc next monthly payment,or � ' _
<br />' '��;'''��° (u)Borrower defaults by felling,for a period of thirry days,to perform a�iy other obligadons contained in
<br /> _,,_..,,�,,Z...,_. :�:
<br />--;�• • this Security InstrwnenG �."�`
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<br /> '�:�, � (b)Sak Without Credit Approval.Lender shall,if permiaed by applicable law(including Secdon 341(d)of
<br /> the Gam-S�Ciermain Depository Instiwtions Act of 1982,12 U.S.C.1701 j-3(d))and with the prior approval of _
<br />- the Secretary,rrquire immediate payment in full of all sums secured by this Security Instrument if: ' -_-- —_—
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