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200007683 abandoned Property. Borrower shall also be in default if Borrower, during the loan application gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any ma mate information) in connection with the loan evidenced by the Note, including. but not limited to, representations leasehold, Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with the provisions of the lease, If Borrower leasehold and fee title shall not be fee title to the Property, the merged unless bender agrees to the merger in writing. 6. Condemnation, The proceeds of any award or claim for damages, direct Or consequential, in connection with any condemnation or other taking of any part of the Property, or for conveyance in place of condemnation, are hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid under the Note and this Security Instrument, Lender shalt apply such p to the reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amounts applied in the order provided in Paragraph 3, and then to prepayment of principal. Postpone the d Any application of the proceeds to the principal shall not extend or ye date of the monthly Payments, which are referred to in Paragraph 2, or change the amount of such Payments. An excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto. 7. Charges to Borrower and protection of Lender's Rights in the Pro governmental or municipal charges, fines and impositions that are not included in PAY• Borrower shall Pay all these obligatians on timie directly [o the enrity which is owed the payment. P agraph 2. Borrower shall pay Lender's interest y the Property, upon J ender's request Borrow�l promptly furnish to Lender adversely � evidencing these payments, receipts If Borrower fails to make these payments or the payments required by par covenants and agreements contained in this aPb 2, or fails to perform any other Security Instrument, or there y a legal Proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Leader may do and pay whatever is necessary to protect the value of the or to a and Lender's rights in the property, including payment of taxes, hazard insurance and otter items mentioned in Paragraph Any amounts disbursed by Lender under this paragraph shalt become an additional debt of Borrower and be secuued by this Security Instrttinent, These amounts shall bear interest from the date of disbursement, at the Note rate, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly discharge any lied which has priority over this Security Instrunent unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner contests in good faith the lien by, or defends against enforcement of the lien legal a=ceptable to Lender; (b) Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the hg of the lien mane agreement satisfactory to Lender subordinating the lien to this Security moment. If Lender of the Property is subject to a lien which may attain determines t� any part Borrower a notice identifying the lien. Borrower shall satisfy a lien o take one or Instrument, th actions sett forth above within 10 days of the giving of notice. 8. Fees. Lender may collect fees and charges authorized by the Secretary. 9- Grounds for Acceleration of Debt. (a) Default. Lender may, except as limited by regulations issued by the Secretary, defaults, require immediate payment in foil of all sums secured b this in the ease of paytt)ent (i) Borrower defaults by failing to pay in full any monthly Security Insttmnertt if: Prior to or on the due date of the next monthly Payment, Payment required by this Security Instrument (ii) Borrower defaults by failing, for a y F yment, or in this Security Instrument. penod of thirty days, to perform any other obligations contained (b) We Without Credit Approval. Lender shall, if permitted b of the Garn-St, Germain Y applicable law (including Section 341(4) approval of the Secretary, Institutions Act of 1982, 12 U.S.C. 1701] -3(d)) and with the prior if: ret�' wire immediate payment in full of all sums secured by this Security Instrument MAR {NE) (9&M).ot Pape a of a ,I � V-1