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201000849 211 ... :_:..Ea ..................................... abandoned Propertyi, Borrower shall also be in default if Borrower, during the loan application process, gave materially false or i~Ctaccurate information or statements to Lander (or failed W provide Lender with any material information) in cnnlnection with the loan evidenced by the Note, including, but oat limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leaseho[d, Borrawer~shall comply with the pravisinns of the leaser. 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. 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 assigned andshall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid under the Note and phis Security Instrument. Lender shall apply such proceeds to the reduction of the indebtedness under the Note ands this Security Instrument, first to any delinquent amounts applied in the order provided in paragraph 3, and the to prepayment of principal. Any application of the proceeds to the principal shall net extend or postpone the due date of the monthly payments, which are referred to itt paragraph 2, ar change the amount of such payments. Any exceiss proceeds over an amount required to pay all outstanding indebtedness under the Note and this Security Instrument shall be paid to the entity legally entitled thereto. 7. Charges td Borrower and Protection of Lender's Rights hn the Property. Borrower shall pay all governmental or municipal charges, fines and impositions that are not included in paragraph 2. Borrower shall pay these obligations on time directly to the entity which is owed the payment, If failure to pay would adversely affect Lender's Interest ix~ the Property, upon bender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower fans w maloe these payments ar the paymattts required by paragraph 2, ar fails to perform any other covenants and agreet}tonts contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation ar to enforce laws or regulations), thou Lander may do and pay whatever is necessary to protect the value of the Pltroperty and bender's rights in the Propet~~, including payment of taxes, hazard insurance and other items mentioned in paragraph 2. Arty amounts disbursed by Lender under this paragraph shall become an additions( debt of Botxawer and be secured by this Secut~ty Instrument, These aunts shall bear interest from the date of disbursement, at the Note rate, and at the option of Iender, shall be immediately due and payable. Borrower shall ~ramptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obl' contests in goad fa Lender's opinion a agreement satisfacta of the Property is su a notice identifying 10 days of the givin; S. Fees. Lende 9. Grounds ~Po; (a} Default defaults, rep (i) Bnnrl prier to (ii) Burt in this S (b) Sale Wi of the Garr approval of if: 4R1NE} toeo~- lgattan secured by the lien to a manner acceptable to Lender; (b) h the lien by, or defends against enforcemont of the lien in, legal proceedings which in the gate to prevent the enfnraement of the lien; ar (c) secures from the holder of the lien an - to bender subordinating the lien to this Security Instrument, If Lender determines that guy part ject to a lien which may attain priority over this Security Instrument, Lender may give Borrower le lien. Borrower shall satisfy the lien ar take one or more of the actions set forth above within of Halite, may collect fees and charges authorized by the Secretary, Acceleration of Debt. Lender may, except as limited by regulations issued by the Secretary, in the case of payment lire immediate payment in full of all sums secured by this Security Instrument if: ever defaults by failing to pay in full any monthly payment required by this Security Instrument r nn the due date of the next monthly payment, or wer defaults by failing, for a period of thirty days, to perform any other obligations contained :urity Instrument. pout Credit Approval. bender shall, if permitted by applicable law {including Section 34l(d) 5t. Germain Depository Institutions Act of 1982, 12 CJ.S,C. 1701]-3(d)) and with the prior to Secretary, require ittunediate payment in full of all sums securers by this Security Instrument Papa 4 0} e InlHala r~'-a K-