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200206295 abanduned ,Property. Borrower shall also be in default it Borrower, during the loan aPplicaation process, gave materially false or inaccurate information or statmnents m Lender (or failed to provide Lender with My material information) in comn etum widr the loan evidenced by the Nom, including, but not limited lo repmseruauas caux,mingi Borrower's occupancy of the Property as a principal residence. If this Secvnty Instmment is on a leasehuld, Borrower shall comply with the provisions of the lease. If Borrower acquires fee title it the Property, the leasehold ant} fee title $ball not be nargod unless Lender agrees to the merger m writing. 6. Condenmation.'fhe proceeds of any award or claim for damages, direct or consequemod- in connection with any cnndctmsaiioa or other taking of any part of the Prolur"Y, or for conveyance in place of condemnation, arc herzby assigned and shall be paid to 1xialcr to the extent of the full Amount of the indebtedness mien renutins unpaid under the Note and this Security Irutmmiet. Lender shall apply such proceeds to the reduction of the indebtedness under the Note and [his Security Instument, first to any delinquent amounts applied in the order provide) in paragraph 3, and then to prepayment of principal. Any application of the proceeds to the principal shall not extend or postpone me due date of die monthly payments, which are referred to in paragraph 2, or change the amount of such Payments, Any excess proceeds over an Wilmot required to pay all outstanding indebtedness under the Note and this Security Justnmamt shall be paid to the entity legally entitled thcrdo. . Borrower shall pay y all 7. Charges to Borrower and Protection of Lender's Rights in the Property governmental or municipal charges, fines and impositions that are not included in paragraph 2. Domineer shall pay these obligations on time directly to the mnity which is owed the payment. If failure to Pay would adversely after Liuocr s interest in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower fails to make these payments in the payments required by paragraph 2, or fails to perform any roller covenants end agreements contained in this Severity insmemeut or there is a legal proceeding that may significantly affect Lenders rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enlbrce laws or regulations), then Lender may do and pay whatever is necessary m protest the value of the Property anti Irndcr's rights in the Property, including payment of taxes, hazard insurance end other items mentioned in paragraph 2. Any amounts disbursed by Lender under this paragraph shall became an additional debt or Borrower and be secured by Otis Security Instmment 'these amounts shall ban interest from the date of disbursmmem, at die Note rata and at the option of lender, shall be immediately due and payable. Borrower shall promptly discharge any lien which has priority over this Security inalmnacm unless Borrows; (a) agrees in writing to ate payment of the obligation scented by the lien in a mvmer am:eptable lu Lender (b) Mouse; in good faith the lien by, or defends against enforcement of the lien in, legal proceedings whnAi in the Lander'? opinion operate to prevent the enforcement of the lien; or (c) secures from the bolder of the lien ant agreonleoi satisfactory to Lender subordinating die lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority Duct' this &xwlry Instrument, L -ender MAY give Bmrrowcr a note identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. 8. N'tts. Lender may collect feu mid charges authorized by the Secretary. 9. Gronads for Acceleration of Debt. ui the cast of a mrnt (a) Default. Lender may, except as limited by regulations issued by the Secretary, P' Y defaults, require immediate payrisemt in Poll of All sums secured by thiurhy l by this Security Instrument (i) Borrower defaults by failing to pay in full any monody payment q Y prior to or on the due date of the next monthly payment, Or to rfomi an other obligations contained (ii) Borrower defaults by failing, for a period of thirty days, pe Y in this Security lnstruanenl. (b) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including Section 341(d) of the GaruSt. Germain Depository Institutions Ael of 1982, 12 U.S.C. 170li -3(d)) and with the prior approval of The Secretary, require immediate payment in full of all suns seamed by this Security Instrunwut lf. n ®' ®AptNEt (96011 V /9l 'd ON Xud W0 16:90 3K ZOH- II -NOf