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�o� �o,�� abandoned Properry. Borrower shall also be in default if Borrower, durin� the loan application process, gave materially falsc ar inaccurate infonnation or stateirients to Lender (or failed to provide Lender with any m�►terial infarmation) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security instrument is on a leasehold, Borrowcr shall comply wich the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and fec title shall not be rnerged imless Lender agrees to lhe merger in writing. 6. Condemnation. The proceeds of any Award or claim for damages, direct ar consequcntial, in c�nnectian with any condemnalion or other taking of any part of the Property, or for conveyance in place af condemnatipn, arc hereby assigned and shall be paid to Lender to the extenc of the full amount of the indebtedness that remains unpaid under the Note and this Security Instrument. Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this Security Instruinent, first to any delinquent amounts applied in the order provided in paragraph 3, and then to prepayrnent of principal. Any application oF the proceeds to the principal shall not extend or posipone the due date of the monthly payments, which are referred to in para�raph 2, or chan�c thc amount of such payincnts. Ar►y execss proceeds over an amount required to pay all outstanding indebtedness under the Note and this Securiry 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 governmenlal or municipal charges, �nes 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 in thc Property, upon Lcndcr's requcst Bprrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower fails to make these payments or the payments renuired by paragraph 2, or f�ils to perform any other covenants and agreements containcd in this Sccurity Instrument, or therc iy a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or rcgulations), then Lcnder m�y do and pay whatever is necessary to protect che value of the Froperty and Lender's rights in the Property, includin� payment of taxes, hazard insurance and ofhcr items menlioned in paragraph 2. Any amounts disbursed by Lender under this paragraph shall beeome an additional debt of Borrower and be secured by this Security Tnstrument. Thcse ainounts shall bear interest from the dace of disbursement, at the Note rate, and at the option of Lender, shall be immediatcly due and payable. Borrower shall promptly discharge any lien which has priority over this Sccurity Instrurnent unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manncr acceptable to Lender; (b) coniests in good faiih the lien by, or defends against enforcement of the lien in, lcgal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holdcr of thc licn an agreement satisflctory to Lender subordinating the lien to this Security Instrument. If Lender decerrnines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lcndcr may givc Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or rnore of the aclions sec forth above within 10 days of the giving of notice. 8. Fees. Lender may collect fees and chargcs authorized by 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 defaulcs, require irmnediate payment in full of all surns secured by this 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 chirty days, to perform any other obligations contained in this Security Tnstrument. (b) Sale Without Credit Approval. Lender shall, if pernutted by applicable law (including Section 341(d) of the Garn-St. Germain Depository Institutions Act of 1982, ] 2 U. S. C. 1701 j-3(d)) and with the prior approval of the Secretary, require immediate payment in full of all sums secured by this Security Instrument if: 1351014603 �-4N(NE) �oao�� � Page 4 of 8 i��ueig: `. ��