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200810165 abandoned Property. Borrower shall also be in default if Borrower. during the loan application process, gave materially false or inaccurate infonnation or statements to Lender (or failed to provide Lender with any material infonnation) in connection with the loan evidenced by the Note, inc1ul;ling, but not limited to, representations . concemingBorrower's occupancy of the Property as a principal residence. If this Security Instrumeutis Olia leasehold, Borrower shall comply with the provisions of the lease. If Borrower acquires fee title to the Property, tne leasehold and fee title shall rIot be merged unless Lenderl,lgrees to. the merger in writing. 6. Condemnation. The proceeds of any award or claim for damages, director consequential, in connection with any condemnation or. other taking of any part of the Property, or for conveyance in place of condemnation, are hereby a5signed <md shall be paid to Lender to the extent of the full amount of tl1eindel.Jtedness that remaius unpaid under the Note and this Security Instrument. Lender shall apply suchproce!ids to the reduction of the indebtedness under the Note. and this Security InstrUnlent, first to any deHnquentamol!nts applied in the order proVided in paragrapb.3, and then to prepaymemof principal. AnyappHcation of the proceedstoll1e principal shall nQt exteridor postpone .the due. date ofthernonthly payrpents,which ate..tef~rred to in paragraph .2,.or . change the.an;wunt of such paYIllents. Any excess proceedswer anarnountrequired topayall6utstaIldirig indebtedness under the Note and this Security msb:ument sh~l1 be paid to. the entity legally .entWed tl1ereto.. 7. Chargestollorro\Vi.!f and Proteetioi1t)fLender's. Rigbtsin the Property. Borrower shall pay all governmental or municipal charges, finesatad impositions that are not included in paragraph 2,Borrower shall pay .these obligations on time directly to the entity which is owedtl1e payment, lffailure to pay would adversely affect Lender's interestiil the Property, uponl,eIlder's request Borrower shan promptly f\lmish .toLender receipts evidenclngfuescpaymems, If Borrower fails to make these paymenls or. the payments required by paragraph 2, or Jails to perform any other covenants and agreements contained. in this Security Ilisttuinent, or there is a legal proceedirig iliat may significantly affect Lender's rights in the Property (such as a proceeding .io bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect tbe 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 Lender under this paragraphshall become an additional debt of BorrQwer and be secuTed by this Security lnstrument. These aniounts shaUbcar interest from the dateof disbursement, at the Note rate, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly discharge any lien which has priority over this Security Instnunel1t unless Borrower: (a) agrees in writing to the paytnelit of the obligatioll secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforCement 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 agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender detennines that any part of the Property is subject to a lien which may attain priority over this Secluity InStrument, Lender may give Borrower a notice 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. 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 issue<l by the Secretary , in the case of payment defaults, require immediate payment in 1\:111 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 of the next monthly payment, or . (Ii) Borrower defaults by failing, for a periOd of thirty days. to perform any other obligations contained in this Security Instnlment, (b) Sale Without Credit Approval. Lender shall, if pennitted by applicable law (Including Section 341(d) oUhe Gam-St. Germain Depository Institutions Acto! 1982, 12 D.S.C. 1701j-3(d)) and with the prior approval ofthe Secretary. tequire immediate payment in full of all smns secured by this Security Instrument if: SARINE) 104071.01 @ Page 4 ot a 1P~28B104 In~i.I&:_~