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<br /> �,a,,,; abaudoned Property. Borrower shall also be in dcfautt if Bonower, dudnA the losu► appllcatlan process, gave � ..;. ` •`:�9.-�
<br /> ..+y. matetially falsc or inaccurate infottnation or statements to Lcnder (or failed to provldc Lender with any material ,�A��:•�±:`='-��
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<br /> information) in co�ection with the loan evidenced by ihe Note, including, but not limited to, representations •...'� �•�,,.F,,,,.
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<br /> concerning Bonow�r's occupancy of the Property as a principal residence. If this Security Instrnment is on a : °,;:,�i,_
<br /> ' leasehold, Borrower�hall comply with the previsions of the leuse. If Borrower acquires fee dtle to the Property,the �.;�;i•��. --
<br /> � leasehold and fee title shall not be merged unless Lender agrees to thc merger in writing. , •.tit.=��;�`�
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<br /> ' � 6.Condemaatlon.The procads of any award or claim for damages,dltect or consequeatlal, in connection with �---
<br /> any,condemnation or other taking of any part of the Property, or for conveyance in place of condamnation,are ,�;t.':=
<br /> hereby assigned and shall be paid to Lender to the extcnt of the full aznount of the indebtedaess that remains unpaid '��"=��
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<br /> .i under the Note and this Securlty Instrument. L.ender shall apply such procuds to the raluction of the indebtedaess ;4;°:
<br /> under the Note and this Security Insuument, first to any delinquent unounts applted in the order provided in --_
<br /> paragraph 3,and thea to pnpayment of principal.Any application of the proceeds to the principal shall not extend or �<<:����
<br /> • �'� postpone the due date of the monthly payments,which are referred to in paragraph 2,or change the amount of such �=�Y-
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<br /> payments. Any exctss proceeds over an amount requirod to pay all outstanding indebtedness under the Note and ihis :�:�:�
<br /> Security Instniment shall be paid to the entity legally entided chereto. •===
<br /> .�� 7. Charges to Borrower and Protcetion ot Lender's Rights in the R+operty. Borrower shall pay all ��,�
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<br /> , governmental or municipal charges, fines and imposidons that are aot included in paragraph 2. Borrower shall pey '_ -
<br /> thesc obligauons on time directly to the endty which is owed the payment. If fa�lure to pay would adversely aftxt ��,;�
<br /> „ Lender's interest in the Property, upon I.ender's requat Boaower shall promptly furnish to Lender receipu :�ss«�
<br /> �,.�---_
<br /> � evidencing these paymenu. __��
<br /> If Borrower faila to make thcse payments or thc paymeats required by paragraph 2,or fails to perform any ah�r
<br />- _. _ __ covenants and agrecments wntained in this Securlty Iastrmnent,or there is a legal procxdtng that may significaatly ���
<br /> affxt Lender's dghts in tbe Property(such as a proceediag in bankruptcy, for condemnatlon or to enforce laws or _
<br /> regulations). then I..ender may do and pay whatever is nwessary to protxt the value of the Properry and Lender's
<br /> • ��l' • � rights in the Property,including payment of taxes, hazazd iasurance and other items mendoned ia paragraph 2. -
<br /> � . � My amounts diabursed by L.ender under this paragraph shall become an additional deUt of Borrower and be
<br /> securecl by this Securlty Instrument. Those aawunt�shall beaz interest from the date of disbursement, at the Note _ _
<br /> • rate,and at the option of Lender.shall be immatiately due and payable.
<br /> __ Fsorrower s6aII prompQy dixi�argr auy Ilan whlct; bas pdorlry over this Sc,.-urfty Iustr,tsss�nt unlcss Bomo,:e:: --- -
<br /> (a) agrees in writing to the payment of the obllgation sxund by the lien in a manner acceptablo to Lender;(b)
<br />= contests tn good faith the lien by, or defeads against enforcement of the lien ia, legal proccedings which in the
<br /> Lender's opinion operate to prevent the eaforcement of the lien; or (c) secures &om the holder of the lien an
<br /> _ agreement satisfectory to I.ender subordinating th� lien to this Security Instrument.If Leader determines that any part
<br />���> � � of the Property is subject to a lien which may attain piioriry over this Secudty Instrument. L�nder may give
<br /> ' Borrower a notice identifying the lien. Borrower shell satisfy the lien or take one or mon of the octions set forth
<br /> •' '��.� � above within 10 days of the giving of aotfce. _
<br />� ' ,,� 8.Fas.I.ender may collec[fees and charges authorized by the Secretary. _
<br /> ��. 9.Gmunds!or Accderatlon ot Debt. __
<br /> - ••� • (o) De�'eult�Lender may, �xcept a4 limited by ngulations issual by the Secntary, in the case of payment =-
<br /> defaults.require immediate payment in full of all sums secured by this SecurIty Insmiment if: "--
<br />-_ (i)Borrower defaults by failing to pay in full any monthly payment nquired by this Securlry Instrument ��;_
<br /> w „•,w.�,; prior to or on the due date of the next rnonthly paymeat,or
<br /> K_.�:�"' (ii)Borrowar defaulta by failing, for a periodof thirty days, to perform any other obligadons contained �°•:
<br />= - •",: in this Security instcument. `-
<br /> ' � (b) Ssdle Without Cralit Approval. Lender shall, if permitted by appllcable law (including Sectioa 341(d) '--
<br /> of the Garn-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701 j-3(d)) and with the prior -=_-_—___
<br /> approval of the Socretary,require immaliate payment in full of all sums socurcd by this Security Instrument
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