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201209649 abandoned Properly. Borrower shall also 6e in default if Borrower, during the loan application process, gave materially false or inaccurate informahon or statemenis to Lender (or failed to provide Lender with any material information) tn connecfion with the loan evidenced by the Note, including, but not limited to, represeutations concerning Borrower's occupancy of the Property as a principal residence. If Utis Security Instrument is oa a leasehold, Borrower shall comply wit}t fhe provisions of the lease. If Borrower acquires Fee title to the Property, the leasehold and fee tltle shall uot be merged unless Lender a�ees to the merger in writing. 6. Condemnation. The proceeds of any award or claim for damages, d3rec[or wnsequential, in connecflon with any condemnaflon or other taking of any part of tl�e Property, or for conveyance in place of condemnation, aze hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that remaius unpaid under the Note and this Security Instrument Lender shall apply such proceeds to the reduction of the indebtedness under the Note and tkds Security Insfrument, first ro any delinquent amounts applied in the order provided in paragraph 3, and then lo prepaymen[of principal. Any application of fhe proceeds to the principal shall not extend or poslpone the due date of Ihe montlily payments, which are referced to in paragraph 2, or change the amount of such payments. Any excess proceeds over an amount required to pay all ou[standing indebtedness under the Note and t{us Security Instrument shall be paid to the entity legally enflded thereto. 7. Charges to Borrower and Protection of Lender's Righta in the Property. Borrower shall pay all govemmen[al or municipal charges, fines and imposltions tha[ aze not included In paragraph 2. Borrower shall pay these obligaflons on dme direcfly to the entity which is owed the payme�t. If failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Borrower shall prompfly furnish to Lender receipts evidencing[hese payments. If Borrower fails to make these payments or the payments required by pazagiaph 2, or Fails [o perform any other covenants and agreements contained in this Security Instrumeat, or there is a lega( proceeding that may significantly affect Lender's rights in the Proper[y (such as a proceeding in 6ankruptcy, for condemnation or to enforee laws or regulations), then Lender may do and pay whatever is necessary to protect the value of tLe Property and Lender's rights in the Properly, including payment of taxes, hazard insurance and ather Items mentioned in paragraph 2. Any amounts disbursed by Lender under �his paragraph shall become an additional debt of Borrower and be secured by this Sewdty InsWmenL These amounts s6all 6ear in[erest from Ihe date of disbursement, a[ the Note rate, and at t}te opfion of Lender, shall be iromediately due and paya6le. Borrower shall prompfly discharge any lien which has priority over this Security Insirument unless Borrower: (a) agrees in wdting to ihe payment of the obligation secured by the lien in a manner accep[able to Lender; (b) contests in good faith the ]ieu by, or defends against enforcement of the lien in, legal pmceedings which in the Lender's op3nion operate to prevent the enforcement of the lien; or (c) secures from the holder of the llen an agreement saflsfacrory to Lender subordinating the lien to fhls Security InstrwnenL If Lender determines tt�at any part of the Property is subJect ro a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identlfying the lien. Borrower shall satisfy the lien or take one or more of the actlons set fortL above within 10 days of the giving of nolice. 8. F�s. Lender may collect fees and charges authorized by the Secretary. 9. Grounda for Aa�laration of Debt. (a) Defauk. Lender may, excep[ as limited by regulaflons issued by Ihe Secretary, in the case of paymen[ defaults, require immediate payment in full of all sums secured by fhis Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by ttds Securlty Instrument prior to or on the due date of fhe next monthly payment, or (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligaflons contained in tlris Security Instrumenl. (b) Sale Wikhw�t Credit ApprovaL Lender shall, if permitted by applicable law (including Section 391(d) of the Garn-St. Germain Depository InsHtuflons Act of 1982, 12 U.S.C. 1701j-3(d)) and wifh the prior approval of the Secretary, requice immediate payment ln full of all sums secured by this SecurIty Inshvment if: 89704688 L�l�� i � s �4N(Nq�seoz>.oi Page 4 of B