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<br /> °;t Bortowcr shall also bc in dcfault if Borrowcr,during thc loF►n applicadon process,guvc matcrially Calsc or inaccurntc `�.
<br /> information or statements to Lcndcr(or failed ro providc Lcndcr with any mutcrial informution)in conncction with thc
<br /> •�'"�` loAn evidcnccd by thc Notc, including, but not limited to, rcpresentauons wnceming Borrowcr's occupancy of thc ,:
<br /> ."'"","""''"�� Property as a principal residenca If Ihis Sccurity Instrumcnt is on a Ic,�►schold, Borrowcr shaU comply witt► the �-
<br /> + pravisions of the lcasc. If Borrowcr acquues fce dUe to thc Property,thc Ieaschold and fcc udc shall not be mcrged �_�;�"-
<br /> �; unless Lcnder egrecs to thc mergcr in writing. �'3
<br /> 6.Condemnatian.The procceds of eny award or claim tor demages,direct or consequential,in conrtection with -
<br /> any condemnadon or other taking of any part of the Property,or for conveyancc in place of condemnauon,are hereby - -
<br /> � assigned and shall be paid to L.ender to thc extent of the fuU amount of ihe indebudness that remains unpaid under the :
<br /> �� Note and this Security InstrumenG Lender shall apply such proceeds to ihe reduction of the indebtedness under the Note �;j4.=-
<br /> k and ihis Secunry Insmiment,Cust to any delinquent emounts applied in the order providcd in paragraph 3.and then to �,
<br /> " prepayment of principal.Any appllcation of the proceeds w the principal shall not extend or postpone the due date of the �_
<br /> ° "+�' manU►ly payments,whIch are refeRCd to in paragraph Z,or change the amount of such payments. Any excess proceeds ��r_
<br /> � ovcr an amount required to pay all outstanding indcbtcdness under the Note and this Sccuriry Instrument shall be paid to �'-
<br /> thecntity legally entiticd thereto. -
<br /> , 7. Ch�rges to Borrower and ProtecQon of Lender's Rigdts in the Property. IIorrowcr shall pay all �'-�-
<br /> govemmental or municipal charges,fines and imposiuons that ere not included in paragraph 2.Borrower shall pay these = _
<br /> obligations on rime direcdy to the enuty which is owed the paymenG If failure to pay would adversely affect L.ender's �_�
<br /> ' ` , irucrost in the Propecty, upon L�ender's request Borrower shall promptly fumish to L.ender receipts evidencing these E.;-_,
<br /> �
<br /> payments. _-
<br /> If Borrower fails to rnake thesc paymenu or dx payments required by paragraph 2,or fails to perform Any other
<br />- � covenants and agrcements contained in d�iu Security Instrument, or there is a legal proceecling that may significandy _.
<br /> affect Ler►der's rights in the Property(such as a prceeeding in banlwptcy,for wndemnation or to enforce laws or
<br />�rr ��:� �� . r�gulations). Ihen Lender may do end pay whetever�s necessary co prouxc[he value oF�he Fropcny and I.Cndcr'�ribi►i�
<br />;.d;�, � ;. in�he Property,including payment of taucs,hazard insurance and other items mcndoncd in paragraph 2.
<br /> i_:. � Any arnounts disbursed by Lendcr undcr this paragraph shall bccomc an additional debt of Borrowcr and be
<br />=1`�-:.:;.. ; secured by this Sceuriry Instrument.'Ihese amounts shall bear interest from the date of disburscmcnt,at thc Note rate,
<br /> i���''�;�"�'"•�• . and at the opdon of Lender,shall be immediatcly duc and payable.
<br />'�'�•`�" � •. .c gorrower shall prompdy discharge a�ry lien which has priority aver this Security Instrument unless Bocrowcr:(a)
<br />=5,�-.� � '' ;' �
<br />_��;,;,:• '� agnes in a�ridng w the payment of the obligation saured by the lien in a manner n�ceptable ro Lender;(b)contests in
<br />"�'4•��•�r,, good faith the Uen by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion
<br />'�_:�..;:��
<br />}„-,••. ojxmu to prevent the enforcement of the lien;or (c)secures from the holder of Ihe lien an agrcement sapsfxtory to
<br />:;::;w":'`:.,. L.ender subordinating the lien to this Security Instrumen�If L.ender determines that any pazt af the Property is subject to
<br /> +.:::. :s....
<br />�. �=�i�. a litn which may attain priority ovcr ihis Sceurity Insuument,l.cnder may give Borrowcr a notice iden yu►g e en.
<br /> " Sortower shall satisfy thc llen or takc one or morc ot the actions set forth above within 10 days of thc giving of natice.
<br />=="�'�- -`�"�'`•�'�' g.Fees.Lender may collect fees and charges authorized by the Secretary.
<br />��''�=�"�'� 9.Grounds tor Accekrs►tion of Debt.
<br />- -�:.���-�
<br /> --.==�;�u�- (a) Defs�ult. Lender may, except as Gmited by regulaaons issucd by the Secretary,in the case of payment -
<br />��^a��., defaulls.require immediate payment in full of all sums secured by this Security Instrument if:
<br />�"�`` • -: .. C Y B P Y Y Y P Y e9 Y Y
<br /> .,,,�._„�.R.,,� � i)Borrower defaulu b failin to a in fuU an monthl a ment r uirctl b this Securit Instrument
<br /> �r: � prior to or on the due datc of the next monthly payment,or
<br />_���';; (u)Borrower defaults by failing,for a period of thirty days,to pedocm any other obligadons contained in -
<br /> ---r —
<br />��..n
<br /> _ __— this Sccurity Inst:umenG
<br />�- (b) Sale Without Credit Approval.Lender shall,if permitteci by applicable law(including Secdon 341(d)of
<br />�.:.:�-•x_.;,,;
<br /> N L.�;,w:.:, the Gem-SG Germain Deposit�ry Insdwtions Act of 1982,12 U.S.C.1701j•3(d))and with the prior approval of _
<br />�:•.';.,�,,,.�;: the Socretary,require immediate payment in full of all sums secured by this Securiry Instrument if: _
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