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200905152 abandoned Property. Harrower shall also be in default, if Borrower; during the loan appltcation process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material infnrtrtatian) in connection with the loan evidenced by the Note, including, but not limited tn, xepxcsenCations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with the provisions 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, Caudernuation. 7fie proceeds of arty award ar claim for damages, direct or consequential, in connection with any condemnation ar other Caking of any part 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. !..ender shall apply such proceeds to the. reduction of the indebtedness under the Note and this Security Instruient, first to any delinquent amounts applied in the order provided in paragraph 3, and tlien to prepayment of principal. Any application of the proceeds to the principal shall riot extend or postpone the due date of the monthly payments,. Which are roferred to in paragraph 2, ar change the amount of such payrxtents. Any .excess proceeds over an amount required'tri pay all outstanding indebtedness under the. Note and this Security Instrument shall be paid to.the entity legally entitled thereto, 7. Charges. to Barrawei• and Pratec;tion of Len[ler'a Rights in the Pirapeity. Borrower shall pay all governmental or municipal charges,. fines and impositions that are not included in paragraph 2. Borrower shall pay these obligations an 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 Horrower shall promptly furnish to Lender receipts evidencing Chese payrnenis. If Horrawer fails to make ihcse payments or the payments required by paragraph 2, or fails to perform any other covenants .and agreements contained in this Security Tnstrument, or there is a legal proceeding that may signii"icantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation ar to enforce laws ar regulations), then l.exider may do and pay whatever is necessary to protect 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 Lender under this paragraph shall became an additional debt of Borrower and be secured by this Security Instrument, These arnaunts shall bear interest ;from, the date of 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 Instrument unless Harrower: (a) agrees in writing to the payment of the obligation 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 !.ender subordinating the lien to this Security Tnstrument. If Lcndcr determines that any part of the Property is subjecC to a lien which may attain priority over this Security Tnstrument, .Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one ar mare of the actions seC Earth above within 10 days of the giving of notice. 8. Foes. Lender may collect fees and charges authorized by the Secretary. 9, Grounds for Accclcration of Debt, (a) Default, Lender may, except as limited by regulations issued by the Secretary, in the case of payment defaults; require imrtiediate 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 prier to or on the due date of the next monthly. payment, ar (ii) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. (b) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including Section 341(d) of the Garn-St. Germain Depositary 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 Sums secured. by this Security Instrument iI: D1 255426 -4R1NE11oao71.oi Pagn 4 of $ Inhi