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<br /> 98�- 112���3
<br /> abAndoned Propetty. Bonowcr �h�ll �lso bc in default if Borrower, during nc� loan application procees, g�ve
<br /> materially [alse ur Inwccurate informatlon or statements �o Lender (or failed to provide I.endcr with any mattdal
<br /> infomution) in connuctlon with the losu� evidenced by the Noce, including, but not limitec: to, represrncatbns
<br /> wnctmtug Bonower's occup�utcy of the P�operty u a princlpal residenca If this Security Instrument Is an a
<br /> leauhold,Borrower�h�ll comply with tht provisions of the lease. If Borrower xquires Sec tit[e ro the Pro�erty,U►.e -
<br /> leas�hold u�d fa title ahdl not be merged unles�LendGr agras to the merger in writing:
<br /> 6.Cnndemtuitloa.Tho procads of any aws�rd or claim for damages,direct or consequential, in connxtion with
<br /> any condemnation or other taking of any put of the Propr.ny, or for conveyAnce in place of condemnition,�re
<br /> hereby �asigned uid sball be p�ld to Lendec tn the eatent af the full amount of the indebtedness that remain�unpud
<br /> w�der the Note�nd thia Security In�trument. Lrnder sh�ll �pply auch procads to the roductlon of the indebtedness
<br /> undn• the Nate �c►d thls Securfty Instr�ument, fint to any delinquent imounts appliod in the ordtr provlcfed in
<br /> pu�graph 3,And thea to prcpayment of pdncip�l. Any application uf the proceeds to the principal shall not eatGnd or
<br /> postpor�the due ctate of the monttily pAyments, which ue rcfe�red to In parngraph 2,or change the s�nwunt of such
<br /> paymenW. Any excess proceecia ovor an amount required to pay nll outstuxling indebtednoss under the Note uid this
<br /> Security Instrumcr►t sh�ll be psid to�he entity l�gally entidal thereto.
<br /> 7. Ch�es to Borrower �nd P�+utectbn ot La�dsr'a W�hta la the Pr+operty. Borrower shall pay all
<br /> go��emmtnta!or munlclp�l cherges, firas And im�aitions that are not includal in puagraph 2. Borrower shall p+�y
<br /> these obligations on timc direcsly to thc entity which is owed the peyment. If failure ca pay would adversely affxt
<br /> [.rnder's intercst in the Property, upon Lrnder's rcquest Borrower shall promptly turniih to Gec�der rcafpts
<br /> evidencing these p�yments.
<br /> If Borrower fuls to m�ke these payments or the paymrnts roquired by puagr�ph 2,or fails to perforaa my aher
<br /> covenants su�d agroements contdned in this Security Instrument,or there�s a leg�l grocecding th�t msy significmtly
<br /> •ffxt I.ender's rights in the Property (such as t praxedtng in bankruptcy. for condemeution or to enfnrcx lawi or
<br /> reguluions), thrn Lender rtwy do u►d pay wlutever is neccssuy to protxt the value of the Property w�d Lender's
<br /> rights in the Prupeny,including p�ymcnt of twces,hazard insuru�ce and other i�ems mentioned in pamgraph 2.
<br /> Any amounts disburaai by Lender under this puagraph shall irecome an �ddidonal debt of Bomower and be
<br /> secured by this Securiry Imtrument. These amounts ahall bar interest from the date of diabucaemeat. at the Noee
<br /> rate,and at We oQtion of L�nder, s1Wl be immodiately due u�d payable.
<br /> Sorrower sh�ll promptly diaclarge nny lien which has prioriry over this Sceurity �astrument unless Borrnver:
<br /> (a) tgroes in writing to the p�ymrnt of the obiiguion secured by the lien in a m�uxr acceptable to Laider;(b)
<br /> ooateats in good futh the lien by, or defrnds agaiiut enforcement of the lien in. legal proccedings which in�he
<br /> Lender's opinion operue to prevrnt �he enforcement of the lien; or (c) sccura from the holdet of the liea an
<br /> agrament sntisf�ctory to Lender subardinating thc lien to this Socurity Instrument.If L,ender detonmiaes th�t uay put
<br /> of the Propecty is subjat to a 11rn whi�h may uuin priority over this Security Inst�urna►t, Lrnder may Sive
<br /> Borrowa a notia identifying d�e lirn. Borrower shall setisfy tho lien or take oae or more of the�ctions ut tath
<br /> x�ve within 10 daya of tLe giving of notice.
<br /> S.Feee.Lec+der may wllect fees and charges authodzed by the Seeretary.
<br /> 9.Grouads tor Accder�tioa ot Debt.
<br /> (�) De��ult. Lender may,exapt as limitod by reguluions issuod by the Secretary, in the ctte of payment
<br /> defaults,cequire immediate paymeat in full of all suma securod by this Seaurlty Instcument if:
<br /> (i)Borrowa dcfaults by failing to pay in full u�y monchly payment requirod by this Security Inurument
<br /> prior to or on the due d�te of the next monthly payment,or
<br /> (ii)Borrower defaults by failing, for a perial of thirty days,to perform any oWer otrliguions contr�In�d
<br /> in this Savrity Instrumrnt.
<br /> (b)SAIe Without Credit Approvd. Lender shall, if pe►tnitted by applicable law (including Soction 34l(d)
<br /> of the Gam-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior
<br /> a�proval of the Secretazy,require immecliate payment in full of all sums securai by this Security ln�tcument
<br /> if:
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