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<br /> abandoncd Property. Borrowcr shall also be in default if Borrower, during the laan application process, gave
<br /> materially false or inaccurate information or scatementS,to Lender (or failal to provide I.ender with any mat�rial .
<br /> information) in connection vvith the loan ev:drnced by the Note, including, but not ;�miled to, reoresentations
<br /> �oncerning $orrowtr's occupancy of t��e Propeny as a principal residence. If this Sxuriry Instrument is on a �
<br /> leasehold,'Rorrower shall compiy with the provisions of the lease. If Borrower acquires fee tide to the Propem, the
<br /> lexsehojd and fee title shaIl not be merged un]ess Lendrr agrees to the merger in wtiting. :
<br /> 6. �ondcmnation.The p:occeds of any award nr claim for damages, direct or conctquentia!, in connection with
<br /> any cordemnation or other taking of any part of tl�e Property, or for conveyancc in place of Condemnation, aze
<br /> hereby assigned and shall be paid to I.ender to the oztent of the full amoun4 of the indtbtedness that rexnains unpaid
<br /> under t6e Note and ttis Securiry Instrument. Lender sha11 apply such proce�ds to the reducrion of the indsbted�ess
<br /> under di� Nobe and this Sxurity Instrument, first to any d�linquent amounu applied in the order provided in
<br /> paragra�h 3, and thcn to prepayment of principal. Any application of the pracecds ro the principal shall not eztend or '
<br /> i postFone the due date�f the monthly paymants, which ar�referred to in paragraph 2, or chang�the amount of such
<br /> ' paymenu. Ar,y ezcess proceeds over an amount required to pay all outstandiag indebtedness und�r the Note and this
<br /> Securiry Instr�ment shall be paid ta the eatity Icgally e^*��:ed theteto.
<br /> 7. Chargcs to Sorrower and PtoYectie* �F Letldel-'S Rights in t6e Fropeety. Borrower shall pay all
<br /> governmentaI or municipa] chazges, fines and impositions that are not included in paz�agraph 2, 3orrower slialt pay :
<br /> these obligati�ns on time directly to f6s entity which is owed thc payment. If failure to pay wouid advGtsely affect
<br /> Ixnder's interest in the Property, upon Loader's reyuest Borrower shall promptly fumish to Lender receipts
<br /> evi�':ncing these payments. :
<br /> k if Borrower fails to make these payments or the paymenu required by paragraph 2, or fails to perform any other
<br /> covenants and agreements contained in this Security Instrum�nt, or there is a iega] proceeding that may significantly
<br /> affect L.eader's rights in the Property (such as a procxding in bankruptcy, for conde�nation or to enforce laws or
<br /> regulations), then Ix.ndcr may do and pay whatever is necessasy to protxt the valuc of the Propert}y and Lxnder's
<br /> righu in the Property, including payment of txzes,hazard insurance and other items mentiontd in paragraph 2.
<br /> .Any amaunts disbnrsed by L.er,der under this paragraph shall become an additional debt c f go�,Wer and be
<br /> secured b}� this Security Inst:ument. These amounts shal{ bear interest fram the date of disbursement, �the Note ` '
<br /> rate, and at the option of Lender, shall be immediately due and payabte.
<br /> Borrower sha11 promptly discl:arge any lien which has prioriry over this Securit}� Instrum�nt uniess 3orrower:
<br /> (a) agrees in writing to the payment of the c�bligation secured by the lien in a manner acceptable to L.ender; (b)
<br /> contests in guod faith the lier by, or defends against �nforcernent of the lien ia, legal proceedings which in the
<br /> Lrnder's opinion operate to prevem the enforcement of the lien; nr (c) secures from the holder of the lien an
<br /> agreement satisfactory ro L.ender subordirating the lie.^.;a this Securiry Instrument. If Lendtr determines that any part
<br /> of the Propem ts subject to a lian which may atcain prority over this Securiry lnstrument, L.ende* may givc
<br /> Borrower a notice identifying the lien. Bo.rmwer shall satisfy the Iien or take one or more of the actions set forth
<br /> above with:n 10 days of the giving of notic�.
<br /> 8.Fees. L.ender may coIlect fce.e and charges authoriud by the Secret�ry, :
<br /> 9. Grounds for Accelera2iQn of Debt.
<br /> (a) Tkf�ult. Lender may, tzcept as limited �y regulations issued by the Secretary, in the case of payment
<br /> defaults, require immediate payment in full of al�sums secur�by this Security Instrusnent if:
<br /> (i) Borrower defaulta by failing to pay in full any monthly payment r�quired by this Sccuricy Instrument
<br /> prior to or an the due date of the nezt monttsly payment, or
<br /> (ii} Borrower defaults by failing, for a period of thirty days, to perform any other obligations containcd
<br /> in this Securiry [nstrument.
<br /> (b) Sa3e �%ithout Credii �1ppr�ovaT. L.ender shall, if permitted by applicable law (including Section 341(d)
<br /> • of the Gxrn-St. Germain Deposicory Institutions Act af 1982, 12 U.S.C. 170Ij-3(d)) and �vith �he prior
<br /> approval of the Secretary, r�quire irnmediare payment in full of all sur.is sxured by this Securiry Instrument
<br /> if: ?
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