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<br /> ��.., Honower shall also be in default if Borrower,during the loan applicapon process,gave materially false or inaccurate :•.,-t..;��;t����,'"�i--
<br /> . . .,,i,�l information or statements ro Lender(or failed to provide Lcndcr with any material infurmation)in conncction with the r�'' k�,#��==
<br /> ' loan evidenced by the Note. including.but not lunited to, representations conceming Boaower's occupancy of the ..����r�;,.;;:,�, - -"-
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<br /> • property as a principal residence. If this Security Inswment is on a Ieasehold, Borrower shall comply with the , Ja���==-
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<br /> provisions of the lease. If Borrowcr acquues fee ude to thc Property,thc leasehold and fec ude shall not be mcrgcd __ _ ___ _ _� �_�,_
<br /> ' unless Lender agrces co the mergcr in writing. ___
<br /> 6.CandemnaHon.'Ihe procee�s of any award or claim for damages,direct or cansequential,in connecpon with �;y_�
<br /> � any condemnation or other takin8 af anY part of the Property,or for wnveyance in place of condemnation,are hereby ��A�-.
<br /> ' assigned and shaU bc paid to I.ender to thc cxtent of the full amount of the indebtedness that remains unpaid undcr the :;:;_-
<br /> �� - Note and this Securiry Instrument»Lender shall apply such proceeds to the reduction of�he indebudness under the Note ;:__�
<br /> _ � enci this Security Instrumcnt. fust to any dclinquent amounts applicrl in tt►e order provided in paraBraPh 3.end then ta ::y:.=.
<br /> prepayment of princlpal.My application of the proceeds to the principal shall not cxtcnd or postpone the duc datc of the .�,"`-'�"�
<br /> • monthly payments,which are referred ta in paragraph 2,or change the amount of such payments. My excess proccecis __ -
<br /> over an amount required to pay all outstanding indebtedness under the Note and this Sccurity Instrument shall bc paid to ._ __
<br /> the entity legally entiUed ihercw.
<br /> '� 7. Charges to Borrower and Protectlon af Lender's Rights in the Property. Bonower sh�ll pay all _--
<br /> �� govemmental or municipal charges,fines and impositions ihat are not included in para8raph 2.Sorrower shall pay these __.-
<br /> � obligadons on time direcdy to the enuty which is owed the paymenG If failure to pay would adverscly affect Lender's �;:c..�
<br /> interest in the Property, upon Lendcr's request Botrowcr shall prompdy fumish to Lender receipts cvidencing ihese a�
<br /> t payments.
<br /> If Bonower fails to makc these payments or the payments required by paragraph 2.or fails to pe�form any olhcr � _
<br /> _ :. _. ...;_` covenants and agreements contained in this Securiry Instrument,or ihere is a legal proceeding that may significantly
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<br /> affect Lender's rights in the Property (such as a proceeding in bankrup�:y,f�e candcr.snation or to enforce laws or . -
<br /> regulations),then Lender may do and pay whatever is necessary to prou:ct the value of the Property and L.endu's right& �;;<
<br /> • in the Property,including payment of taxes,ha�ard insurance and other items mentioned in paragraph 2. _ __
<br /> Any amounts disbursed by 1.ender under this paragraph shall become an additional debt of Horrowa and be ��� —
<br /> secured by this Security Instn►menG These aa►ounts shail bear ineerest from the date of disbursement,at the Note rate, `=-
<br /> and at the option of L.ender.shall be immediately due and payable. '
<br /> • Bonower shall prompdy discharge any licn which has priority over this Security Instr�ment unless Borrower:(a)
<br /> agrees in wrlting to the payment of the obligauon secured by the licn in a manner acceptable to Lender,(b)cantests in - ,�;
<br />;" good fsuth the lien by,or defends against enfoccement of the lien in,lcgal proccedings which in the Lendcr's opinion ,�r.
<br /> operat,e co prevent the enforcement of the lien;or(c) secures from the holder of the lien an agreement satisfactory to
<br />- Lender subordinadng the llen w this Scxurity Instrumen�If I.ender determines that any part of the Property is subjoct to _
<br /> 4� ��.�;.,..��, a lien which may auain priority over this Security Insuument,Lender may give Borrower a nodce identifying the Uen.
<br /> - • Borrower shall sadsfy the lien or lake one or more of the actions set forlh above within 10 days of the�iving of nodce. __
<br /> `•Y:'s . " 8.Ftes.Lender may collect fees and charges authorized by the Secretary. _
<br />- � ii 9.Grounds for AccelerAUon of Debt. -
<br /> � (a) DefAUtt. Lea►der may,except as limited by regulaaons issued by the Secretary, in the case of payment —
<br /> , � defaults,rcquire immediate paymcnt in full of all sums secured by this Se�uriry Instrument if:
<br /> .- � q (i)Borrower defaults by failing to pay in full any monthly payment requircd by this Securiry Insm�ment __
<br /> °`'� ' �rior to or on thc due date of the ncxt monthly payment,or �
<br />� ��r�-'•� (u)Banbwcr defaulu by failing,for a period of thirty days,to perform any uther obligadons contained in ,
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<br /> • � this Sccurity Instnunent �.`-
<br />-- • •�+�' • (b)5ale Without Credit ApprovAl.Lender shall,if pem►itted by applicable law(including Secuon 341(d)of ■-�
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<br /> the Garn-SG Gecmain Deposiiory Ynsuwuons Act of 1982,12 U.S.C.1701j-3(d))and with the prior approvul of �,__,._ ,'.
<br />_ �;�;; the Secretary,require immediate paymcnt in full of all sums sccured by this Security Instrument if: � ,'���
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