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200111413 abandonedProperty. Borrower shall also be in default if Borrower, during the loan application process, gave materiallyfalse or inaccurateinformationor statementsto Lender(or failed to provide Lenderwith any material information)in connectionwith the loan evidencedby the Note, including, but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrumentis on a Ieasehold,Borrowershall comply with the provisions of the lease. If Borroweracquiresfee title to the Property,the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing. 6. Condemnation. The proceedsof any award or claim for damages,director consequential in connectionwith any condemnatioror other taking of any part of the Property, or for conveyancein place of condemnation,are hereby assigned and shall be paid to Lenderto the extentof the full amountof the indebtednessthat remainsunpaid under the Note and this Security Instrument.Lendershall apply such proceedsto the reductionof the indebtedness under the Note and this Security Instrument,first to any delinquentamounts applied in the order provided in paragraph3, and then to prepaymenbf principal. Any applicationof the proceedsto the principalshall not extendor postponethe due dateof the monthlypayments,which are referredto in paragraph2, or changethe amountof such payments. Any excess proceedsover an amountrequiredto pay all outstandingindebtednesainderthe 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 Property. Borrower shall pay all governmentabr municipal charges, fines and impositionsthat are not includedin paragraph2. Borrowershall pay these obligationson time directly to the entity which is owed the payment. If failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrowerfails to makethesepaymentsor the paymentsrequiredby paragraph2, or fails to performany other covenantsand agreementscontainedin this SecurityInstrument,or thereis a legal proceedingthatmay significantly affect Lender'srights in the Property(such as a proceedingin bankruptcy,for condemnatioror to enforcelaws or regulations),then Lendermay do and pay whateveris necessaryto protectthe value of the Property and Lender's rights in the Property, including payment of taxes, hazard insurance and other items mentioned in paragraph 2. Any amounts disbursed by Lenderunder this paragraphshall becomean additionaldebt of Borrowerand be secured by this Security Instrument.These amountsshall bear interestfrom the date of disbursement,at the Note rate, and at the option of Lender, shall be immediately due and payable. Borrowershall promptlydischargeany lien which has priority over this Security Instrumentunless Borrower: (a) agrees in writing to the paymentof the obligation secured by the lien in a manner acceptableto Lender; (b) contests in good faith the lien by, or defends against enforcementof the lien in, legal proceedingswhich in the Lender's opinion operateto prevent the enforcementof the lien; or (c) secures from the holder of the lien an agreementsatisfactoryto Lendersubordinatingthe lien to this Security Instrumentdf Lenderdeterminesthat any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrowera notice identifyingthe lien. Borrowershall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. 8. Fees. Lendermay collectfees and chargesauthorizedby the Secretary. 9. Grounds for Acceleration of Debt. (a) Default. Lendermay, exceptas limited by regulationsissued by the Secretary,in the case of payment defaults, require immediate payment in full of all sums secured by this Security Instrument if: (i) Borrowerdefaultsby failing to pay in full any monthly paymentrequiredby this Security Instrument prior to or on the due date of the next monthly payment, or (ii) Borrowerdefaultsby failing, for a periodof thirty days, to perform any other obligationscontained in this Security Instrument. (b) Sale Without Credit Approval. Lendershall, if permittedby applicablelaw (including Section 341(d) of the Garn- St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j -3(d)) and with the prior approvalof the Secretary,requireimmediatepaymentin full of all sums securedby this Security Instrument if: (MANME) 198021.01 Page 4 of 8