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200809797 abandoned Property. Borrower shall also be in default if Borrower, during the loan application process, gave materiallyfalse or inaccurate infopnationorstatements to. Lender (or failed to provide Lender with any material information) inco1lJleCnon with the lOan evidenced by the Note, including, but not limited to, representations concerning Borrower's occu,pancy of the Property lis a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply withJheprovisions of the lease; If Borrower acquires fee title to the Property, the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing. 6. Condemnatlpn.Ttieproceectsof any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any pl:irt of the Property , or for conveyance in place of condemnation, are hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid under the Note and this Security Instrument Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amounts applied in the order provided in paragraph 3,andthf!1 toprepaYlIlentofprincipal. Any application of the proceeds to the principal shall not extend or postpone the duedat~ 'ofthe monthly payments, which are referred to in paragraph 2, or change the amount of such payments. Any excess. proceeds over an'. amount required to. pay all outstanding indebtedness. under the Note and this Security Instrument shalt be paid lothe entity legally entitled thereto. 7. Charges to Borrower and Protection of Lender's Rights intbe Property. Borrower shall pay all governmental or mumcipalcharges, fines and impositions that are not . included in paragraph 2.. Borrower shallpay these obligations on time directly to the entity wbich is ow.ed 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 Borrower fails t(Jwake these paYlIlents or the payments required by paragraph 2, or fails to perform any other covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights iIIthe Property (sucbas a proceeding in bankruptcy, for condemnation or to enf(}rce laws or regulations), then Lender may do and pay whatever is necessary {oproteet the 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 paragraph shall become an additional debt of Borrower and be secured by this Security lnstrument. These amounts shall bear interest from the date of disbursement, at the Note rate, and attheoptionofLender,shaUbe immediately due and payable. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the paYlIlent of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against enfurcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreementsatisfactorytoLender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to .a lien which may attain priority over this Security Instrument, Lender may. give Borrower a noticc::ldentifyingthe 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. Fees. Lender may. collect fees and charges authorized by the Secretary. 9. Grounds for Acceleration of Debt. (a) Default. Lender may ,except as limited by regulations issued by the Secretary, in the case of payment defaults, require immediate payment in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by this Security Instrument prior to. or on the due date ofthe next monthly payment, or (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. (b) Sale WithouiCredit Approval. Lender shall, if permitted by applicable law (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 approval of the Secretary, require immediate payment in' full of all swns secured by this Security Instrument if: <rI!t-4R(NEII04071,01 Poge 4 01 8 ,_,~.14