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<br /> .�w Borrowu shall also bc in dcfault if Borrowcr,during thc loan applicAdon process,gavc matedaUy false or inaccurate
<br /> informadon or s�atements w Lcndcr(or failcd to provide Lcnder wlth any material informatlon)in connection wi�h the
<br /> loan evidenced by tho Note,including, bue not limited to,representadons conceming Borrower's occupancy of We
<br /> Aroperty as a prL►cip�l resIdancc. If this Sccurlty Insavmcnt is on a lcasohold. Borrower shaU comply with tha =.
<br /> provisIons of thc lease.If Bomower ecquices fee tide w the Property,the leaseshold and fee tide shall not 6e merged ,-
<br /> unless Lcnder agrees to the merger in writing. _
<br /> 6.Condemnation.'R�e proceecfs of any award or clalm for damages,dlrect or consequendal,in connecdon with -
<br /> nny condemnatIon or other taking of any part of the Property,or for conveyance in place of wndemnation.are hereby
<br /> ° assigned end shall be paid to Lendcr to the extent of the fnll amount of thc indebtedness that remains unpaid under the
<br /> Natc and this Security Instrument L.ender shaU apply such proceeds to the reducdon of Ihe L�debledness undu the Note
<br /> and this Securlty Insirument�first to any delinquent amounts applkd in the order provIded in parograph 3,and then w
<br /> prepayment of princtpal.My epplicadon of the proceeds to the prLtcipal shall not extend or postpone the due date of the
<br /> monthly payments,whkh are referred to in paragraph 2,or change the amoont of such payments. Any eacess proceeds
<br /> • over an amount requIrr.d w pay all outstanding indcbtedness undea the Note and this Securlty Instrument shall be paid to
<br /> ., the entiry legally endded therew.
<br /> , 7. Charges to Borrower �nd Protection o! Lender's Rights in the Property. Bomower shall pay atl _
<br /> " . govemmental or municipal charges.fines and imposlttons that are not includod in paragraph 2.Borrower shall pay these -
<br /> . obllgadons on time directly to the endry which is awed the payment If failuru to pay wo�ld edveisely affect Le.tider's
<br /> � interest ln the Property,upon Lcnder's rcquest Borrower shell prompdy Pomish to Lender receipts evIdencing these —
<br /> . paymeats. =
<br />__;;.,�,; '�: Ff BQrm�er ft� so usa!�c th�ga;mtr.tW or the gs;menk�r$qu�rtd!s1 P�"�"�Ph 2.or fafl�ta pw°-forc.t any oti�cr
<br /> >�:•,.., covenants aad agreements coatained in this Socurity Instrument, or thue is a l�gal pr000eding that may signifiicandy
<br />_��;•,,�s��,�• affect Lender's rlghts in the Property(such as a procoeding in banlmiptcy,for condemnation or W enfora laws or
<br /> .•.',;s,�:?' • regulations),then Lendu may do and pay whatever Ls necessary to protect the valua of the Property and Lender's rigl�is
<br />- ''�'-*�: in the Property.lncluding payment of ta�ces,ha�aM insurance aad othu items mentloned in paragraph 2.
<br />�-_�=';��:�::� A.ny amounts disbnrsed by Lender nnder thjs para�aph shall become an addldonal debt of Borrowa end be
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<br /> "?�;�� secnrad by thls Security Instrument 'IUese amounu shall bear interest from the date of disbursement,at the NoRc rau,
<br /> ���,�u;� end at the opdon of I.endcr,shall be immediately duc and payable.
<br /> .-_-:�;Tjy1 Barowu shaU ps�ompdy discharge any licn which has pdorIry over this Security Inswment uNess Bonowu: (a)
<br /> °_�.:=�� � agras in wridng w the payment of the oblIgadon secured by the llen in a mennu acceptable to L.endrr. (b) cont,ests in
<br /> _:��;;�;a� good faith the llen by.or defends against enforcement of the llen in,legal procoedings whkh in the Lend�i'a opinion
<br /> -__= .i operate to prcvent the enfoncement of the Hen;or(c) secures from the twlder of tho lien an egKement sadsfictory w
<br /> _��, . Lendei subordlnadng the lien to this Security InatrumenG If Lendu dctc�nines that any part of the Propaty is aubjoct to
<br /> -_� a lien whlch may euain pdority over thLs Security Instrument,Lender may give Borrowu a no6ce identifyfng tho lien.
<br /> ____ Borrowa shall sadsfy the lkn or take one or more�f the acaons set forth above within 10 days of.the giving of notica.
<br /> ____-- 8.Fees.Lenda may collect fees and charges suthorized by the Secretary.
<br /> ---- 9.Grounds tor Acoekratbn ot Debt.
<br /> _�_,y (a) Defauit. Lender may,eaccpt as llmited by regulations issuod by the Sxntazy� in the c�ase of payment
<br /> __:�-- defeults,requin immediate payment in fu11 of all sums secured by this Seciuity Instrument if:
<br /> -� _ (i)Bomower defaults by failing w pay in full any monchly payment requirod by this Se�uriry Listrument
<br /> —_ pr�or to or on the due data of the naxt monthly payment,or
<br /> ������ (ii)Borrower defaults by feiling,for a period of th da s,to
<br /> irty y perform any other obligarions eontained in
<br /> _ ' this Sxnrity Instrument.
<br /> -----T:;� (b)Sak Without Credit Approvat.Ler►der shall,if pexmitted by applicable law(including Socdon 341(d)of
<br /> =--;�;�:���" the Garn-SG Germain Depository Instiwtions Act of 1982�12 U.S.C.1701j-3(d))and with the prior approval of
<br /> `�::;�:"`' the Secretary.require immediate payment in full of aU aums secured by this SecurIty Instniment If:
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