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<br /> - -� -.•,-'�-.' IIbandarta{ Pm�rty. gocro�ver ahel! aleo he in default if Borruwer, during the loaa application process. �ave �
<br /> uiaterinily f�is$or inaccucate Informatiou or stateaaenu to I.endrs(or f�ilal m provide i.ender with any materlal �•_:
<br /> "' infotmution) in conn$ctlon wtth the loan evideaced by the Note, including. but not limite� to. representatlons - -
<br /> . 1�� coaceraiag Boreower's occupane3+ of We Property as a pdncipal r�sideace. If this Security Inatr�ment is oa a --_
<br /> �: leasehold.Borrower shaU comply wlth tite provisions of the l�ase.If Horrower acquires fee title to the Property.the
<br /> __j:� leasehold and fee dtle ahall noi be merged unless Lendee agrees to the merger in wrlting.
<br />- �:� 6.Condemnation.The procee,da of any awerd or claim for damages,direct or consequential, in connection with
<br /> �'� any con@emnation or oiber takiag of aay pAte of the Property. or for conveyaace in place af condemnation, are �
<br /> 3 . hereby assigned eud ahall be paid w Lender to the extent of the fuU amount of the indebtedaess that remains unpatd
<br /> �'� unr�er the Note and this Secutity InstNment. I.eader shall apply aucii Procxeds to t►.�e reduction of the indebte�laess
<br /> � under the Note and this SectidtS► Iasuument� tirst to aay deliaquent amounts applie�i ia the order pmvided in -
<br /> - paragraph 3�aad then to prepaymeat of prInsipal.Any application of the proc�eeds to tbe principal shall not extead or
<br /> �, pastgone the dae date of the monthly paymeats,whtch are referred to in paragraph 2,or change the amount of such
<br /> ...°.�• PaNments. Aay eaceas proseeds over an amount required w pay all outatanding fadebtedaess under the Note and this .
<br />"•�a Security Iastiument shaU be paid w the endry legaily entitied therew.
<br />:"y�`". 7. Cherges to Borrower and Protedton oi Y.eader's Rigl�ts in We PrnperQy. Borrower shaU pay all
<br /> -.�,;..;;,
<br /> govemmental or municipal charges, fines aad impositions that are not inaluded�p�taragraPh Wo�d�versel�aff t
<br /> �--;,;,;,y.a,r� these obligations on time direcdy to the ensity which is owe�t�e payraent. P Y Y
<br />�`.��"� Lender's interest in the Property. upon Lender's requeat Borrower shaU prompdY furaisi► to Lendea' receiptn
<br /> - evidencing these payments.
<br /> If Bon+ower fails w make these payments or the payments reqnired by paragcaph 2,or faila to perform any other
<br /> .'"":''� :, covenants aad agreements contained in this Secuiity Insuument. or there is a legal proceediag that may signiHcandy
<br />--_;!: affect L,ender's dghts in the Property(such as a pmoeedtng in bankruptcy,for condemnation or w enfotne laws or
<br />�=:;�'•'r regulatiuns),thea I,ender may do and pay whatever is necessary to protect the value of the Property aad Lender's
<br />-,;,;;6�. r�ghts in the Property.including payment of taxes.hazard insurana and other items mentioned in paragrapb 2.
<br /> '�}�� A°y amouats disbursed'oy Lc,uici uud�c this gazagragts ob:i! b�com����!iHonat debt of Borrower and be .
<br /> 8�ur�by�his Security Insuument. These amounta shall bear inces�est from the date of disburssment. at the Nou
<br />--':•':.,� rate.and at the optlon of Lender,shaU he immediately due and payable.
<br />-��r,�`•.� Bornower shaU pmmptly dischazge any Uen which has prlodry over this Security Instrument unless Bormwer:
<br /> --=-:1 (a) agr�s in,NCiting to the pa}miem of the obligation securcd by the lien in a manner acceptable to Lender; (b)
<br /> -�-=_.�—�� cantests 1n good faith the lien by, or defends against enforcemeat of the lien in, legal proceedings which :in the
<br /> `�-°'�� Lender's opiaion ogerate to prevent the enfoicement of the lien; or(c)secz►rea from the holder�of the lien an
<br />-----.�a�'�� agr�emeat satisfactory w Lendcr subordinating the lien to tbis Security Instiument.If Lender determines that any part
<br /> ,A:;,'"� of the Property is subject to a lien which may attain prIority over this Securlty Instrument. Lender may give
<br /> -:.�;::;;� Bflrrower a aotice idendf3+ing the Uen. Borrower shalt satisfy tLe lien or take one or more of the actions set forth
<br /> • f.-,,.--=:i abave within 10 days of the giving of notice.
<br /> -- - -= 8.Fees.I.eader maY collect fees and charges authorized by the Secretary•
<br /> 9.Grnundv ior Aoceteration of Debt.
<br /> �'�� (a)Detuul�I.eader may.except as limited by regulations issued by the Secretary.in the case of payment
<br /> ___...�,�,�.; defautta,require immediate paymeat in full of aU swns secured by this Securtty Iasuument if:
<br /> (i)Sorrower defaults by failtng w pay in full any monthly payment req�ired by this 5er�rrity Insuvmenz
<br /> -_ —_- prior w or oa the due date of ttie next inonthly payment. or
<br /> �:::�� (i�Borrower dofaults by falling.for a period of thidy days► to perform any other obligatiRns contained
<br /> .�.„;;��� fa this Secutity Insfitment.
<br /> ---=�'=� (b)Sale Without Cr�d[t Appmval.Lender shall,If pecmiaed by applicable law(iacludiag Secdoa 341(d)
<br /> of the C�aw-St. Germaia DepositorY�nStltutions Ac� of 19�'l, 12 U.S.C. 1701j-3(d)) and atth the prlor
<br /> -�------ approval of the Seccetary,require immediate PaYment in tbll of all suws secured by this Securtty Inshument
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