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200907268 aba~zdaiued Pa:uperty. 13orruwer shall. also be in default i.f Iarrower, during the loan appiieatian process, gave n-:tterially false ur itnaccurate infarn~ntion or statements ro 1_.eluior (or failed to provide Lender with any material iazfurua:ttiola) in couaaection with the loan evidenced by the Note, it.ICludiug, but not limited to, representations cnui;eruitag ]3at~•uwor'S occupancy of the Property as a principal residence. if this Security Inatrulnent is on a J.easehul.d, Borrower shall comply vvitll file pruv[sious of the lease. ]f Borrower acquires fee title to the Property, the leasehold and fee title shall twt be zaaerged unless Lender agrees to dze uaerger in writing. 6. Coutlernnation. Thy proceeds of any award or Claim for daruageS, direct ar call.~;equential, in connection wide. any culydeuulatiuu nr ut.her taakinb of any part of fife Property, or for conveyance in place of condemnation, are tturrby usSigaacd gild shall be paid to 'Lender to file extent at the flzll amount of the indebtedness that retllains unpaid under the Nute and this Security 1tuG~utrrent. Lander tilaall apply stac.h proceeds to the .reduction of the indebtedness uudar th.e Nate and this Security Iustrutrteut, first to airy delinquent auwulzts applied in the order provided in. paragraph 3, and th.cn w prepayuaeut of prilcipal. Any app.licatian of the proceeds to the principal shall nut extend ar postpone the due date of the Innuutlrly payulettts, wlticlr axe referred to iaa paragrap[ 2, or change the amount of such payu)eut<c. Any exuess proceeds over au anwunt required to pay all outstanding indebtedness ulade.r rho Note acrd this Security lnstzunzeatt shall be paid to the entity legally elatitlcd thereto. 7. Chaa-gcs to lfiorrower and Pratectlon of Lender's Rights in the Property. burrower shall pay all gi~veruu>i;ut~d ur utuuicipal cl>iu•ges, tints and inlposiliot.IS that are not included .ita paragraph 2. Borrower shall pay these obligatiulls ou time directly to t11e entity wlticlt is owed. the payulezat. If tailurc to pay would adversely affect Lclacler's interest in the Property, upon LeluIer's request Harrower shall promptly furnish to Fender receipts evideui:il)g titcse puyrna;utS. If btirruwar fails to nlrt.l:a these payalleuts ar the payznelits required by paragraph 2, or fails to perfnrnl any other uivetauats acrd ugreaaz~.uts wluained in this Security Itlstcuurelrt, nr there is a legal proceeding drat play significantly affect Laalder's ril;hts iaa. tba Property (Such as a proceeding in bankruptcy, for coudenuaati.on. or to elzforce laws or rel;ulatiuz~s), dtela Lauder znay da and pay whatever is necassary to protect the value of the Property and Le.nder's rights in the Property, iucluditig payuruut of taxes, ha~ud iusuralu:e and other items mentioned in paragraph ~. Any atlnuunts disbursed by I,caader uud.er thin paragraph shall beuanaa an additional debt of Burrower and be secured by this Security Iusttutararlt. These antuuuta S11all boar irztcrc;st front the date of disbursement, at tkte Note rate, and at the option of Lezuler, shall be iuuatediately due and payable. 13urruwcr shall promptly discharge any lien which has priority aver this Security Instrument unless Bo.rrnwer: (a) agrees irz writing to the paynaezzt of the obligation secured 6y the lien. in a zllanner acceptable to Lelyder; (b) cuatt[sts in guild faith the lion by, ur defends against auti)rce.ntant of tine lien in, legal procoedirags whi.cln in tine [_artder's opittialt operate to pr~velat flat caaforcetuent of the lien; or (c) secures from tla.e holder of the lien an agreatuc,nt satisfactory to Letuler sttbordillating the Tian to this Security Instrument. If '.Lender determines that any part of the Property is Subject to a lien which may attain priority over this Secnrity Iustlutnent, Lender tnay give Burrowel- a notice ideutifyiug t11e lien. Borrower shall wtisfy the lien. nr take are ar more of fire actions set forth above within lU days of file giriug of Iwtice. S. f ees. l.aet)der naay 4ullect fres and charges authorized by thr; Secrrtary. 9. Grounds for Acceleration of Deht. (a) tiet'ault. Lendirr )rtay, except aS Iinl:ited by regtllations isstled by the .Secretary, in the case of .payment defaults, require itnurediute payment in full of all sutras secured by this Sec:uri.ty .Instrument if: (i) l3ur'I'U~4•er ddflultS by failiuf; to pay in full any Inuzttlnly paynnetlt required by this Security Instrument prior to or nn th.e due date of the next aruanthiy payment, or (ii) Harrower defaults by failing, For a period of t}Iirty days, to portinrm arty other obligaCions contained in rifts Security [tzstrunlellt. (b) Sale Without Credit Approval. Leander shall, if permitted by applicable law (including Section 34l(d) of the Cram-St. GeI•zzzaill Depository Instinztiatas Act rat' 1982, 12 U.S.C. ]7U1j-3(d)) and with. dIe prior approval o.f tl-a Secretary, require innutediata payment in [ell of all. sums secured by this Security Instrument if: ~p4R1Nti) (9HD1) Page 4 of 9 Initlale:,,l~ rt s