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201002123 shall also be in default if Borrower, during the loan applicationprocess, gave materiallyfalse or iuaccurateinformation or statements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited ta, representations~oncerning Borrower's occupancy of the Property as a principalresidence.If this Security Instrumentis on a leasehold,Borrower shall comply with the provisions of the lease. If Borrower acquiresfee title to the Property,the leasehold and fee title shall not be mergedunless Lender agrees to the merger in writing. 6. Condemnation. The proceeds of any award or claim for damages, director consequential,in connectionwith any condemnationor other taking of any part of the Property, or for conveyance in place of condemnation,arekereby assigned and shall be paid to Lender to the extent of the full amount of the indebtednessthat remains unpaid under the Note and this Security Instrument.Lendershall apply such proceedsto the reductionof the indebtednessunder the Note and this Security Instrument,first to any delinquentamountsapplied in the order provided in paragraph3, and then to prepaymentof principal.Any applicatianof the proceedsto the principalshall not extend or postponethe due date of the monthly payments, which are referredto in paragraph2, or change the amount of such payments.Any excess proceeds over an amountrequiredtopay all autstandingindebtednessunder the Note and this Security Instrumentshall be paid to the entity legally entitled thereto. 7. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay all governmentalor municipalcharges, fines and impositionsthat are not includedin paragraph2. Borrowershall pay these obligations on 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 Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower fails to make these payments or the payments requiredby paragxaph2, or fails to perform any other covenants and agreementscontained 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 condemnationor to enforce laws or regulations),thenLevdermay do and pay whatever is necessary to protectthe value of the Propertyand 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 become an additional debt of Borrower and be securedby this Security Instrument.These amounts shall bearintexestfrom 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 aver this Security InstrumentunlessBormwer: (a) agrees in writing to the payment of the obligation securedby the lien in a manneracceptableto Lender; (b) contests in good faith the lien by, or defends against enforcementof the lien in, legal proceedingswhich in the Lender's opinion operateto prevent the enforcementof the lien; or (c) secures from the holder of the lien an agreementsatisfactory to Lendersubordinatingthelien tothis Security Instrument.If Lender determinesthat any part of the Propertyis subject to a lien which may attainpriority over this Security Instrument,Lendermay give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or mare of the actions set forth above within 10 days of the giving of notice. 8. Pees. Lendermay collect fees and charges authorizedby 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 securedby thi~5 Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment requiredby 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 containedin this Security Instrument. (b) Sale Without Credit Approval. Lender shall, if permittedby applicablelaw (including Section 341(d) of the Garn-St.GermainDepositorylnstitution,SAct 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 if: -4N(NE) ~oao~ Pdge 4 of 8 Initia~~~