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<br /> Bonower ahall also be in defoWt If Borrower.during the loan appllcation procea�,�ave m�terlally faiae or inaccurate
<br /> informadon or atatemenu to Lender(or faiied to provlde Lender witd any matarial inform�don) in sonnection wi�h tbe
<br /> loan cvidenced by tlue Note,includinY, but rwt llmited to, xepresentAtions conceming Borrower's occupancy of the
<br /> F,.,i,�:,.y .a n N,:a.,,;�5 ,eaiuwwc. ii �i,i� �ccuri►y uuuument �a on a leasehold, Bonower ahall comply wit6 tlx
<br /> provlaioas of the leasa.If 9aROwer acquitea fee dtle to tde Property. the leasehold Hnd fee tide shal! not ix iaerged
<br /> wiless Lcndcr agrce�to tde merget in wrldng.
<br /> 6.Condemnutfan. 1he procceds of any award or claim for damages. dIrect or cansequeadal, in connecdon with
<br /> any condemnxdan or other�ldng of any part of tbe Property.or for caaveyance in place of condemnadon. ue hereby
<br /> assignal azxi s1�aU be pAid to Le�cr to d�e extent of the full amount of tho indebtednesa d�at rea�aias uapaid under the
<br /> Noto and tWt Securlry Tivatimenc.Lender ahall apply auch proceeda to the reducaoa of tUe Itxlebtedneas uader�he Nae
<br /> ancl this Securiry Instnunent.first to any delinquent amounte applicd in the order provided in puagraph 3.and tben to
<br /> prcpAyment of principal.Any appllcadon of the praceeds to the prlucipal ehall not eatend or postpope tbe due date of the
<br /> montWy paymerna. which tre referred to in puigraph 2.or chan�e t1�e amaunt of anch pnymen[s. Any eacess proceeds
<br /> over an amamt romdred to pay aU outeta„�t� IndehteCne�a under tlx I�Iote and this SecurIry I�nvment shaU bc p�id to
<br /> the endry legally cnddcd t6ereto.
<br /> 7. Glwrga to Barroxer u�d Protectbn ot I.ender'e Righte tn the Property. Borrower shall pay all
<br /> gavemuxntal or municipal chargea,fines and Lnposidon�c zh�t are not included in pacagrlph 2.Horrower shall pay these
<br /> obHgado� on time dirccQy to the endty which ta owed t3ie payme,nt,If failun to pry would adveraely aftect Lender'a
<br /> Interest in the Property,upon I.ender'a request Honower at�rill promptly furnish to L,cnder receipts evIdsncing these
<br /> l�Y�nts.
<br /> If Borrower fails w make theae paymenta or thc pa}m�enu recNired by puagnph 2,or faila to perforni amr uttxr
<br /> caveaantx and egreemenW contained in thia SecurIry Ins�umedt, or then is a legal procceding tt�at may significanitly
<br /> _ affxt I.ender's rIghta in i6e Properry(auch as a pra��ling in banimiptcy� for wndemnadon or to enforce lawa or
<br /> ngulatiow),tlxn I.ender may da and pay whatever i�nesessasy to prouct We v�lne of d�e Propeny aod Lcnder'a righ�a
<br /> . la the Prot�erty.htcluding pzyment of�,ha�rd insurane anA nthrT itr_.�s�nL���1 in g3r3�.��3.
<br /> iAny amouata diaM�ned by Lender under this par�.agrapb ihaU become an addidonal debt of Bonawer Aad be
<br /> sec�ued by thia 5ecudry 1nst:ument. 'Ihese anwuate sAaall bear iaterest from tLe date of diabwsement.at tl�e Note rau,
<br /> t ancl at the opdoa oP Lender,st�ll be immediately due and pqyable,
<br />'j Borrowu ahall promptiy discbarge any lien which�pr�oriry over this Securiry lnsmunent uiileas Borrower: (�)
<br />� a8me in write�►g w the prymeat of the obligadoa aecured by the liaa iu a manner acceptable to Lender;(b) conteats in
<br /> good faith tbe Uen by.or dafeads again�t cnforcement of thee Uen in,legal proceedlags which in the Lenckr's apinioa
<br /> > opetate w prevent the enforcement of the lien;or(c)aeeurea from tLe holder of the liea an agreemcat sad�f�cWry to
<br /> Lander subordin�dng the lkn w tWa SecurIry Instrument. If Lender detem�ines that any part of the Pro�erty is aubjett w
<br />- a lien wl�ich may atqin prloriry ovtr dils Secudry Inshument. Lender may give Borrower a notice idenafying the IIen.
<br /> _ Borrower ahatl suiafy the Ika or take one or more of tt�ee acdon�eet forth above wIthin 10 days of the giving of nodce.
<br />' 8.Fea.I.ender may collxt fas wd chazges autUorized by tue Seczetery.
<br />� 9.Grow�dr for Acoderadon ot Debt.
<br /> (o) Det�ult. Lender may,except aa limited by regWadons issued by tlx 5ecretuy, ia the case of payment
<br /> ' defwlts,require immedIate payment in iWl of all aums aaured by chis Secw9ry Iaiuument if:
<br /> � (i)Borrowcr defaWts by f�illng to pay in f�ill any monU►ly payment riquired by tiila SecutIry �imupent
<br /> : priar to or on th_duc dau of the r�xt uwuti�ly�ymwt. ur
<br /> Cd)Borrower d�faufta by faW�tg.for a perlod ot[hiny days,w perform any otLer obligationa conrai�ed in
<br /> thIs Security Imtsument.
<br /> (b)Srk Wlthout Crcvlit ApprovW.Le�er ahall,if�pertnitted by appHcable law(iacludiqg Section 341(d) of
<br /> ' the Garn-St.Germiin Depository Insatutions Act of 1982, 12 U.S.C.1701j-3(d)) and with the prior approval of
<br /> tbe Secretary,requlre ittunediatc payment in fuU oF ull sums secured by tiris Secudty Insuument if:
<br /> �j 1R(NE) ryaa).o� n�e�or�
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