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200805380 abandoned Property_ Bonower shall also be in default if Borrower, during the loan application proce$s, gave marerially false or inaccurate infon\'l8tion or stJ(ements to J,..ender (or failed to provide I..ender with any material information) in connection with the loan evidenced- by the NOte, including, but not limited to, represcntatioWl w~ceming Borrower's occupancy of the PropertY as a principal residwce. If this Security 1nsttvment is on a leasd1old, Borrower aha11 CQJ11ply with the provisions of the lease. If Borrower acquires fee title to tb,e PropertY, tlte leasehold and fee title shall not 1)c merged unless Lender agrees to the merger bt writing. 6. Condenmation. The proeeeds of any award or claim for damage5, c1lrcct or COIl$equential, in connection with any condemnation or other taldng of any part of the PIoperty, or for conveyllIlC8 in place of con.demDation, arc b.ereby assigned lW1 shall be paid to Lender to the exte.nl of the full amount of the indebtedness that remainS unpaid under tho Note and t1tis Security Ill8trument. LeJlder shall apply such proceeds to the ~OD of the indebtedness uMer the NOte and this Scc;urlty Instrument, first to atlY delinquent 8DlOU11ts applied in the order provided in paragraph 3, and then to prepa.yment of principal. MY app~on of tlJ,e proceeds to the principal sball not extend or poStpone tho dne date of the montbly pa)'1'l\Ctlts, which are referred to in paragraph 2, or change the amount ot such paym.cnts. Any exCtSS procced5 over Ill1llDlO'Wlt required to pay all outstanding indebtec1ne.!ls under the Note and thi& Security ID.mument shall be paid to the entity legally entitled thereto. 7. Cbal'le5 to Borrower and Protection of lADder's Rights In the Property. Borrower shall pay Il11 governmental or municipal charges. fines and l:mpoSitioWl that are not included in para;raph 2. Bol'l'OWer shall pay these Obligations on time d.irectly to the entity wlrich is owed tbe payment. If failure to pay would adversely affect Lender's intereat in tl),e Property, upon LeDder's request Borrower shall promptly :fumiah to I...cn6fIr receipts evidencing these payments. IfDQrrower falls tQ mab these payments ot the payments ttq11ired by parllgraph Z, or fails to perform &my other coveD8J1ts and agreerocnts containtld in this Security Instnunent, ox' there is a legal proceeding that may aignificantly affect Lender's rights in the Property (such all a proceeding in b8Dkruptcy, for condelllnatwn or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect tbe value of the Property and Le:ndcr's rights in the Property, mc.Iuding pay'1'4Cllt of tllXCS, bllzBrd insurance llI).d other itemS :mentioned in paragraph 2. ADy ammmt& disburSed by Lender under this paragraph shall become an additional debt of Borrower and be secured 'bY ws Security lnstrum,e1tt. These amounts shall bear inteteSt from the date of disbursement, at the Note rate, and at the option of Lender. $bBll be bnmediately due $Dd payable. Borrower shall promptly discharge any lien wbich ha$ priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a nlannCI acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement ot the lien in, legal proceedings w)'licb. in the Lender's opinion operate to preVent the enforce1Xlent of the lien; or (c) securea from the 110ldcr of the lien an agreeIDUlt satisfactoI}' to Lend.er mbordlnating the lien to this Security Instrument. If Lendel: determines tbat any part of the Property is subject to a lien which may attain priority over this Security wuume11t. Lender may atve BOIIOwer a notice identifying the lien. BoI'l"OWtt shall satisfy the lilm or take one or mores of the actions set forth above within 10 days of the giving of DOtice. 8. Fees. Lender may collect fees and charges autbomoo by tbe Sccrew:y. 9. Grounds for "'cc:eleration of Debt. (a) Default. Lender may, except as limited by regulations issued by the Sec;tetaty, in the cast of payment defanlts. require immP-di3fe payment in full of all sums secured by Uris Secl.lrlty InstrUment if: (i) Borrower defaUlts by failing to pay in full any JnQnthly payment required 1)y this Security 11l8tl'UI1leX1t prior to or on the due: date of the next monthly payment, or (ii) BorrowCf defaults by failing, for a period of thirty dayl'i, to peIfonn any other obligations comaincin this Security InstnJmeIl1:. (b) Sale Witbout Credit Approval. Lender shall, if permitted. by applicable law (includ.ing Section 341((1.) of tb.c Gam-St. Oetmain Depository Institutions Act of 1982, lZ U.S.C. 1701j-3(d)) and with the prior approval of the SecretlUj', requite immediate pay;rnent in fUll of Illl sums secured by 1hi5 Security InSttnment if: _11l-4RINE) 19B011 FlI9140ra ~ IIlldel".ft- ",