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2oiooso4� circumstances. Borrower sh.all not commit waste or destroy, damage or substantially cha�nge the Property or allow the Prpperty to deteriorate, reasonable wear an.d tear excepted. Lender may inspect the Property if the Property is vacant ar abandoned or the loan is in default. L.ender may take reasonable action to protect and preserve such vacant or abandoned Property. Bonrower sh,all also be in default if Bonower, during the loan application process, gave materially false or inacctuate information or statements ta Lender (or failed to provid� Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations conceming Borrower's occupancy of the Property as a principal residence. If this Se�urity Instrument is on a leasehold, Borrawer shall comply with the provisipns of the lease. If Bonower acquires fee title to the Property, the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing. b. Condemnation. The proceeds of any award or claim for damages, dire.ct or c�nsequential, in c�nnection with any condemnation or other taking of any part of ihe Property, or for canveyance in place of condemnation, are hereby assigned and shall be paid to L.ender to the extent of the fuil amount of the indebtedness that rernains unpaid under the Note and this Security Instnunent. L.ender shall apply such proceeds ta the reduction of the indebtedness under the Note and this Security Instrument, �rst to any delinquent amounts applied in the order provided in paragraph 3, and then to prepayment of principal. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly payments, which are referred to in paragraph 2, or change the amount of such payrnents. Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this 5ecurity Instrument shall 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 governrnental or rnunicipal charges, �mes and irnpositions 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 in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. If Bprrower fails ta make these payments ar the payments required by paragraph 2, or fails to perform any other cavenants and agreements contained in this Security Instrurnent, or there is a legal proceeding that may signi�icantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, including payment of ta�ces, hazard insurance and other items mentioned in paragraph 2. Any arnounts disbursed by Lender under this paragraph shall becorne an additional debt of Borrower and be secured by this Security Instrurnent. These arnounts shall bear interest frorn the date of disbursement, at the Note rate, and at the option of Lender, shall be imrnediately due and payable. Borrower shall promptly discharge any lien which has priority over this Security Instnunent unless Borrower: (a) agrees in writing ta the payment of th� 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 I,ender's opinion operate to prev�nt the enfnrccznent of the lien; or (c) secures from the holder af the lien an agreement satisfactory to Lender subordinating the lien to this Security Instnunent. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrurnent, Lender may give Borrower a notice identifying the lien. Borcower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. 8. Fces. L,ender 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� by the Secretary, in the case of payment defaults, require immediate payment in full of all sums securai by tt�is 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 5ecurity Instrument. FMA Deed of Trust-NE 4/96 VMP � VMP4RINE) (0809) Wolters Kluwer Financial 5ervices Pape 4 of 9 � `� � � V � Q� � � � :r r