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<br /> abandoned Pro�erty. Borrower shall alao be in default if Borrower, during the loan appNcation process, gave
<br /> matedally false or iaaccurate information or stateuxnta to Lender(nr failed to prov[de Leader with any me.tedal
<br /> lnformation) ia connection with the loan evidenced by the Note, including, but not limited to, representatlons
<br /> eoacerning Bonower's a;cupancy of the Pcoperty as a prineipal residence. !f tttis Secudty Instrumeat la on a
<br /> leasehold,Borrow�r dball comply with the provisions of thc leasc.If Borrower acquires fa title to the Property,the
<br /> leasehold and fee title shaU not be merged unless Lender agrees to the merger ia wdting.
<br /> 6.CQndannsttton.The proceeds of any awwd or claim for damages,direct or consequential,in connection with
<br /> any condemnation or other taking of any pare of the Praperry, or for conveyance in place of coudemnatioa, aze
<br /> henby assigaed and shall be paid to Lender ro the exteat of the full amount of the indebte�ness that remains unpaid
<br /> under the Note snd this Sccurity Instrument. l.ender sball apply such proceeds to the reductton of the in�ebtedness
<br /> under the 23ote and this Sa:urlly Iastrurnent, first to any delinquent aunounts appliat in the order provtded in _
<br /> puagraph 3,aad then to prepayment of prWcipal. My applicacton of thc procads to the principal ahall not eatend or
<br /> pos[pone the due date of the monthly payments, which are nfetred to in paragraph 2,ar change the amount of such
<br /> ' payments. My excess proceeds over an amouat required to pay all outstaading Indebtedness uader the Note and this
<br /> Secudty Insuwncnt shall be paid to the cntity legally entttlai thereto. ��ower shell pay all
<br /> 7. Ctwrges to Borrower and Protectton o[ Leader's Rights in thc ProRerty.
<br /> govemmcntal or munIcipal charges,fines and iaipositioas that an not included in paragraph 2. Borrower ehall pay
<br /> these obligationa on time ditecdy to the entlty wWch is owed the payment. If failure to pay woi�ld edversely affect
<br /> Le�xfer'a interest in tbe Property. upoa Lender's request Borrower shall promptly fumish to L.eader receipts
<br /> evidcncl�g these paymcnts.
<br /> If Borrower fa11a to mek�these payments or the payaxnts requlred by paragraph 2.or fails tu perform any otber
<br /> c�venante.nd�.a��-nt�cuntafac�in thf:�°ear3t;Instrum�nt. 4r there ic a 1eg21 PiOCetdlriR�hilt iqAy slgplf�CAtl[lj/
<br /> � affcet Lender'a dghu in dn Property (auch as a procealing in banlavptcy, for coademnatton or ta enfo�a�nder's
<br /> tegulation+). then Lender msy do and pay wbat�ver ia necessary to protcct t4e value of the Property
<br /> rights In the Froperty.inclnding payment of ta�ces,hazard insurance and other items axntioned in paragnPl►2•
<br /> pny emounts disbursed by Lender uader t�is paragraph shdl become an additlonal debt of 8orrower and be
<br /> secured by Wi� Security InstrwY►ent. These amounta shall bear intenst from the date of dlsbursement, at the Note
<br /> ; rate,and at the option of Lendcr,a6a11 be immediatcly due and payable.
<br /> Borrower shall promptly discharge any lien which has priodry over this Socurity Instiument unlcss Bort+ower:
<br /> -� (a)agrxs in writiag to the payaxnt of the obligadon securod by tte Iten in a manner ecceptable to Leader; (b)
<br /> ` oontests in good felth the liea by, or defeads agaiast enforcement ot the lten tn, legal proceedinBs which in the
<br /> + Lend�r's opinion operate to prevent the enforcemcat of the lien; or (c) secures from the holder of tho lien en
<br /> egreement eatisfactory to Lender subordinating thc If�ce to this Securtty Iasuumtnt. If I.ender determiaea that wuy pan
<br /> � of ihe Property ia subt�� ►.. � Hen tuhich may att�in pdority over this Security Insuument, Lender may giv�
<br /> � Boaower a nwtice Identifying tha lien. Bonower shall satisfy tln liea or tako one or more of the action�eet foctt�
<br /> above within 10 daya of the giving of noticc.
<br /> S.Fee�.Lender may collect fees and charges authorized by the Secretary.
<br /> � 9.Grountb[or Acceleratba ot Tkbt.
<br /> (p) Dctauit. Lender msy,except us Wnited by regulations iesued by the Socntery,in tlie case of payment
<br /> : defaults.rcquire iminecllate payment in full of nll sunu secured by tttis Sxurity Instniment if:
<br /> (i)Borrower defaults by fetiing to pay in tull any monthly paymeat required by thi9 Securiry Instrument
<br /> prtor to or on the due date of the next month2y payment, or
<br /> � (ii)Borrower defaults by fafltng,for a pedod of thirry daye.ro perform any other obl#gations cont�ined
<br /> � in thls Securlry Instrutn�nt.
<br /> (b) S�le Without Credit Appmval.Lender shall,if permitted by appltcable law(incladiag Section 341(d)
<br /> of the Oarn-St. Oermaln Depository Instttutions Act of 1982. 12 U.S.C. 1701j-3(d)) and with the prior
<br /> approval of the Secretary,require immediate payment in fl�ll of all snms securcd by th{s Securiry Instrument
<br /> if:
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