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<br /> � 98-- � icr�346 _
<br /> abaadoned Progerty. 9orrower sball also be in default if Borrower. dueiog the lona appllcutton proceas. guve _
<br /> materidly faise or inaccurate informatioa or statements to I.ender(or failed to pmvIde Lender wlth Any muterlal
<br /> Wormation)in connection with the loan evidenced by ths Note. includiug, but not limite�l to, represenwtions _
<br /> coaceming Borrower's occupancy of the Pcoperty ag a princIpal resIdence. If this Securlry Iastniment is on a `
<br /> leasehold,�omower shall comply with the provisIons of the lease. If Borrower acquires fee titte to the Properry,the
<br /> leasehold and fee dde shaU aot be merged unless Lender a�rees to the merger in wrlting.
<br /> 6.Condem�tion.The procxeds of any award or claim for damages,dis�et or consequential,W connectlon wlth
<br /> aay condemnation or other tetcing of any Qart of ttee Property, or for conveyance ia place of condemnatlon, are
<br /> hereby assigned and shall be pafd to Lender to the extent of the full amount of the indebtedness that reme[as unpaid
<br /> aader tke Note and thls Security lnsuun�eut. I.ender shall apply such pmceeds to the re�uction of the indebteduess
<br /> under th� Note and this Securiry inauument. first to atry deliuqueat,amounts applted In the order pmvided in
<br /> paragragh 3.aad thcn ta pmpayment of gfiaeIpal.Any application of tha proceeds co We priacipal shaU aot extead or
<br /> postpone the dus Mte of tbe monthly payaaems,which are refetred co in paragcaph 2.or change the amount of such
<br /> payaaeuts. Any exaess proceeds over an amount required w pay all outstanding iadebtedaess uader the Note aad chis
<br /> Securtry Insmunent shell be paid to the enary legally entitled thereto.
<br /> 7. ChArges to Bormwer s+ad Pmiecttoa ot Lendcr's Rights in the Pinperty. Bonower sball pay a11
<br /> govemmental or municipal charges. fiues a�d imgasidons that are aat include�in paragraph 2.Borrower shall gay
<br /> these obligations on time diratly to the entity which ia owod the paymeut. If failure w pay would advercely affax
<br /> Lender's interest ia the Fsoperty, upon L�ader's req�¢st Borrower shaU pmmgtly fumish to Leader receipts
<br /> evidenctng these paym�►ts.
<br /> If Bormwer fails to mako thes�C payments or the payments required by parag�aph 2,or fails to perform any►other
<br /> oovenants and agrer,�nta contaiaed ia this Secudty Insuuaient,or tb��ae is a legal prooeediag that may signific�ntly
<br /> affxt Lender's rlghts ia the Property(such as a proceeding in ba�atc�a�+uy. for condemnatioa or to enforce laws or
<br /> zegutations),then ixnder may do aud pay whatever is nece.csary tci protect the value of the Pmperty and I.ender's
<br /> dghts ia the Froperty,Including payment oP taxes.hazard ensurance aad ather[tems menHoned in paragraph 2.
<br /> Any amounts disbutsed hy Leuder under thia paragraph shall become aa additional debt of Borrower and be ,
<br /> sacureid bY�s 9e�urItY Insuume�►t. T'hesa amounts shall beaz interest from the dnte of disbwsement, at the Note
<br /> rate.ans!at the option of L:e�der,s6a11 De im�diately due and payable_
<br /> Borrower shall promptly di�chasge any Dien whicl�'H�as priorlty over this Securi.ty Insuument unless Borrowes: �
<br /> (a)agrees in writing to tlte paya�ent of:QI���Dligation secured by the Uen ia a�an2c ea:eptable w Lender;��b)..:. � ' :' ;
<br /> contesta in ga�d faith the liea�by. os defends ap,ainst enfomxment of the lien in, '�egal ProoeedlnE� whfch I�':,�' .'. '„ ���:��,
<br /> Lenda's opinE�n operau to prevent the ezitbrcement of the Iien:.or �a) secures from the holder of the lien �an
<br /> agRemtnt sadsfmctory w I.ender subordixiacing the I�en to t6fs Secwxiy�nstruu�ent.If Lender dete�mtaes that suyr part �-:�,
<br /> of the P►+operty is subjxt to a lien whic� may attain prioriry ov�¢.this SecurIty Inqaument, Leadar may give
<br /> Bomowei a�tcx idcnttfying the Itrn. Borrower shall sa�sfy the Uea or take one or mon of the actions sa forth
<br /> above within!O days of the giving of notice.
<br /> 8.Feas.Lender may collect fees aad charges authorIzed by the Secntary.
<br /> 9.Grounds for Aa�leratton oi Debt,
<br /> (a)Deiantt.Lendcr may,e�ccepi as limited by regulations issued by the Secretary.in the case of payment
<br /> defanite,raluire immaliate paymead ia full of�i!sua+s secu�d by tt�s Sec�rlty Insunment if:
<br /> (:)Bonower de�wirs DY failing w PaY ia fal�kmJ+monthlY P����bY this Securlty Instrura�nt
<br /> prlor to or on the t3ue dau of the next monthly paya�ent.or. '
<br /> (ii)Boit+�wer defaults by failing.for a pertod of thitty da�s,to perform any other obl��gatit�na co�t� • ..
<br /> in th�s 5ecurity Instrum�at. � ,�� �.
<br /> (b)Sale Withouci Crcdit Appmval.I.ender sball.if permitted by agplica62e law(includiug•SpCdom 3d8�d)
<br /> of the Gam-St. Germain Depository Institutia�ma Act of 1982, 12 U.S.C. 1701j-3(d))and wIth�'�te p�r
<br /> approval of the Sa�wary,require imnudiate pay�ent fn flill of all sums secund by this Sect3tlty Insau�cent
<br /> if: �
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