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<br /> ' ,,.�-�•! abandoned Propeny. Borrower shall also be in default if Borrower, during the loan applicatian process, gave - -
<br /> . • -'"�• materially false or inaccurate information or statemeats to Lender(or failed to provide l.ender wich any matcrial •. �i;-;.�, '. � 'r s
<br /> information) in connection with the loan evidenced by the Note, including, but not limited to, representations "' �� ''�'=
<br /> concerning Borrower's occupancy of the Property as a principal residence. If this Security Insttument is on a , � . °� ��'�'�`���-�°'
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<br /> leasehold, 8orrower shall comply with the provisions of the lease. If Borrower acquires fee title to the Property, the __�':-�="�==
<br /> lcasehold and fee title shall not be merged unless Lender agrees to the merger in wdting. ;�.T�-�----
<br /> 6.Coademnation.The proceeds of any award or cluim for damages,direct or consequeaHal,in connection wich N:_
<br /> � ' any.condemnation or other tuking of any part of the Property, or for conveyance ta place of condemnatioa, aCC ��n����
<br /> hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness tliat remains unpaic' • _-_
<br /> � under the Note and this Securiry Insuumeat. Lender shall apply such proceeds to the reduction of t6e indebtedness _ -
<br /> . uuder the Note and this Security Instrumcnt, first to any delinquent awounts applted in the order provided in =- __
<br /> . paragraph 3,and tt►en to prepayrtxnt of principal.Any application of the proceuls to the principal shall not extend or �;;^;�r3
<br /> '� postpoae the due date of the monthly paytnents, which are referred to in pazagraph 2,or change the amount of such ;"�"�±=
<br /> payments. My eacess proceeds over an amount required to pay all oucstanding indebtedness under the Note and this ��_�Y'
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<br /> �� Securiry Instnunent shall be paid to the entity legally entided thereto. �.;,L�-
<br /> . 7. Clwr�es to Borrower snd ProtecNoa o[ Leader's Rights ia the Property. Sorrower shall pay all �;;;�`::�•�'�
<br /> • governmental or municipal charges, fines and impositions that are not included in paragraph 2. Borrower shall pay -`�_
<br />= these obligations on time direcdy to the entity which is owed the payment. If failure to pay would adversely affect ��_"__
<br /> Lender's inurest ia the Property, upan I.ender's request Borrower shall promptiy fumish to Lender raeipts ; ��'�� �,_
<br /> � evidencing these payments.
<br /> If Bonower fails to mNce these payments or the payments rec�uired by paragraph 2. or fails to perform any other
<br /> - - - carcaants:,ad agrum�nts contsis:ed in this�cnr.t;Instrumtnt.^r her�ia�l��al Pmceeding that may si¢nificandy .
<br /> affect I.eader's r�ghts in the Property(such as a proceeding iu bankruptcy, for condemnation or to enforce laws or
<br /> regulations), thea L.eader may do and pay whatever is necessary to protect the value of the Praperty aad Lender's ��-.,_
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<br /> � rights in the Properry,including payment of taxes,hazard insuraz�ce and other items mentionai in paragraph 2. ` _
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<br /> My amounts dlsbursed by L.ender under this pazagraph shall become an addidonal debt of Borrower end be _
<br /> secured by this Security Insuument. Thess amounts shall bear interest from che dace of disbursement, at the No[e - -
<br /> ' nte,and at the option of I.ender,shall be immediately due and payable. _
<br /> ' " Borrower shall promptly discharge any lien which has prtorlry over this Security Insmuneat unless Borrower:
<br /> (a) agrees in wrlt3ng to the paymeat of the obligation secured by the lien Ia a maaner acceptable to Lender; (b) ```
<br />-� contests in goad faith the lien by, or defends against enforcemenc of the lien ia. legal proceecfings whlch in the -
<br /> Lender's opinion operate to prevent the enforcement of the lien; or (c) se;.ures from the holder of the liea an �
<br /> �T'.�. . agrcement satisfactory to I.ender subordinating[he lien co this Security Instivment. If Leader determines that any part
<br /> ' of the Prope�ty is subjxt to a lien which may attain pdorlry over this Securlry Insnument, Lender may give
<br />�"` � � Borrower a notice identifying the lien. Borrowcr shall satisfy the lien or take one or more of the actions set forth
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<br /> .. above within 10 days of the glvtng of notice. _
<br /> ;c 8.Fees.I.�nder mny collect fees and charges authorized by the Secntary.
<br />- " * 9.Grounds for Acceteradaa ot Debt.
<br />'�-- (s) Deta�lt. Lender ma . ex t as limited b n ations issual b the Socre -
<br /> �- Y �P Y 8� Y �Y• ��e case of paymeat �._
<br /> • defaults,require immediate payment in full of all sums secured by this Securiry Instcument if: —
<br /> -°,,y,;, (i)Borro�ver defaults by failing to pay in full any monthly payment nquired by this Security Insnument __
<br />-_��•��•�;�• •-- prtor to or on the due date of We next monthly payment,or —
<br />�,��•w� (it)Borrower defaults by failing,for a perlod of thirty days,to perform any other obligations wntainod �'- --
<br /> in this Security Instrument. --
<br /> �' (b) Sale Without Cralit Apprnvstl. Lender shall, if pernutted by applicable law(including Section 341(d) .- .
<br /> of the Garn-St. Gcrmain Ikpository Instiartions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior •���,�;
<br /> approval of the Secntary. requin immediate payment in full of all sums secuted by this Security Instrument �=�2`�`"
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