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<br /> Borrower sha31 also be in default If Borrower,during Ihe ban applicstion process.Ba�matuiallY false or in�ccurato
<br /> infamation or stauments to I.cndcr(or failod to provide Lendu wlth any matetial lnfonnadon)in conna:tion with Utc -
<br /> loan avidenecd by the Note. includtng,but not llmited w,representations cuncemIng Borrower's occupancy of tho
<br /> Propaty a� a princtpal ro.�idence. If this Securlty Instrumer►t is on a kaseliald, Borrowcr shall comply with tdc
<br /> provisbns of the lease. If Dorrowar acquiras fcc Htic a the Proputy.tho leasehold aad fee ddo ehall not ba mergod _
<br /> unless L.endcr agrc�es w the merga in writing.
<br /> f.Comde�nation.'Ilie pcoceods of any award a cLim for demages,dinct or consequential,in conriectlon with
<br /> any condemmdon or otha taking of any part of the Fropaty.a for conveyance in p1ACe of conde�nnadan,an hereby
<br /> as.signod and atwll be paid w L�ender to ihe extent of the fuU amount of tho indebtednoss that remeins onptdd undu tha
<br /> Nou aad ihis Securlty Inswmen�Lender shsll apply such pr000eds w the reduction of tho indebtedaess under the Note
<br /> xad Ihi4 SecurIry Instnunent,fust w any dellnqueAt amounts applied in ihe ord�x providod in parag�aph 3.and ther�w
<br /> prepayment af prtncipal.My applicatioa of the pmceeds tn ihe pcincipal shall aot extend or postpoao ihu due date of the �
<br /> monthlY PaY�ents.which are referred to in ptresaph 2�or change the amount of such payrr�eAts. My excess proceals
<br /> ove,�an amount required to pay all outstanding indebudness under the Note and this Security Iastrument shall ba paid to
<br /> 1ho entity kgally eatlded ihereco.
<br /> 7. CAarges to Borrower and Protectbn ot I.endcr's [tighte in the Property. Borrowu shall pay all
<br /> governmaital or municipal charges,fu�es and impositions tliat are nat included in pr�ragraph 2.Bocrower shall pay these
<br />= obligations on pme direcUy to the entlry whlch is owed t3ie paymen�If feilure w pay would advusely affect I.endu's
<br /> int+erest in the Propaty, upon Lendar's reqaest Bormwer shaU promptly furnish to Lendu receipts ev�dencing these
<br /> PaYmeats.
<br /> ff Bomnwa fails w make these payments or tha paymr,nts req�ired by pvagraph 2,or fells to pufom�any othu
<br /> covenants and agreements coutained in this Security Instcum�ent, a there is �lagal procoeding thai may eignif"xandy
<br /> �ect t.ender`s rights�the rropercy fsuch a4 a proco�diu8 ;u oa�r�pk:Y.fi,� �;u��dcu-uia8tfa ur tzf as.`imx lsua or
<br /> . reguladoas).thett Lent�et may do and pay what�eva is necessary to protect the volue of tbe Ptoparty and L.endc+'s d8hts
<br /> . in the Prop�ty,includin8 PaYment of taues.ha�ard insura=tce andsl�aU t�ecome nn eddidonal�debt�of Barowu and be
<br /> My antounts dLcbursed by Ler�der under this Aaza�aP
<br /> secund by this Security Instttuaeat'Ilkse amoun� s�all bear int�rest fran the date of disbursernatt,at the Nou rate,
<br /> , and at the optIon of I�endu.sball be Immcdlat�ly du�and p�yabk.
<br /> Bomowa shall prompfly dLscharge aay llen which l�aa prlority ova lhis SocurIty Instnunent uNess Borrowu:(s)
<br /> ` agroes in wridng w tliso paymenc of ct�e oblig�tion secured by the lien�n a manner acceptabk co Lenda;(b)contests in
<br /> � good faith tha Iien by,a defends against enfom,ement of Ihe lien in,kgai pmceedings which in the Lender's opLlion
<br /> opu�te w pnvent tlse enfotcemeat of the Ikn;or(c)sxures from the holda of the lien aa egreement saHsfectocy to
<br /> � Lander subordL�ating the lien to�his Security lnsorumenG It Lender determines Uiat eny part of the Prcixity is a�bject w
<br /> � a lien whkh mey atnin prioriry ova this Securiry Ins�urnent,Lendex may give Barowa a notice ida�rifying tba lien.
<br /> . Borrowa shall satisfy the liu►a take one or mcm of th�acdons set forth above within 10 days of the giving of nodce.
<br /> • d.Fees.I�erKfer may colloct fas end charges author�ized 6y ihe Sear�tecy.
<br /> • 9.Grouods tor Acakntbn ot Deb�
<br /> :�. ' (�) Detaul�Lender may,except as llmited by regulaaons issued by Ma Socretiuy. in the caso of payr.ent
<br /> . dcfaults.raluire immediate payment in fnll af all sums secural by th.is Securlty Instrument if:
<br /> (i)Somnwu d�faults by feiling to pay in f�11 any monthly payment rcguired by thLs 5ocurity Instrumont
<br /> pdor to or on the due date of the neat mon�hly paymeat,or
<br /> ' (ii)Aarower defaults by failing,fa a�paiod of thirty days,to ptrform any other obligations containod in
<br /> . � th3s Security Instr�ment
<br /> @) Swk WitLout Credit Approval.Lendet altall,jf permiuod by applicable law(including Secdon 341(d)of
<br /> `' the Gam-S�Germain Depository 1nsCiwdons Act of 1982.12 U.S.C.1701 j•3(d))and with the prior approvel of
<br /> the Saxetery,require immodlate paymcnt in fuU of all sums secund by tt�is Socurity Instcument if:
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