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�o�ooss5s circumstances. Borrower shall not c�mmit waste or destroy, damage or substantially change the Property or allow the Property to dcteriorate, reasonable wear and lear exceptcd. Lender may inspect the Property if the Property is vacant or abandoned or the loan is in default. Lender may takc rcasonable action to protect and prescrve such vacant or abandoned Property. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information oc statements to Lender (or failed to pravide Lender with any material information) in connection with the loan evidenced by the Note, including, buc not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrurncnt is on a leasehold, Borrower shall comply with the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and fee title shall not be merged unless [.,ender agrecs to the merger in writing. 6. Condemnation. The proceeds of any award or claim for damages, dircct or consequential, in connection with any condenuiation or other taking of any part of the Property, or for conveyance in place of candemnatian, are hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that rernains 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 Instrument, first to any delinquent amounts applied in the order provided in paragraph 3, and then to prepayment ot' principal. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly payments, which are referred tc� in paragraph 2, or change the amount of such payments. Any excess 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 to Borrawer and Protectian of Lender's Rights in 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 timc 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 Borrawer fails to makc these payments or the payments required by paragraph 2, or fails to perform any other covenants and agreements contained in this Security Instru�r�ent, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation nr 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 Pr�perty, 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 secured by this Security Instrument. These amounts shall bear intcrest from the date of disbursement, at the Note rate, and at the opdon of Lender, shall be immediately due and payable. Borrower shall promptly discharge any lien which has priority over this Security �nstrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to L,endcr; (b) co�atests in good faith thc lien Uy, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the licn; or (c) secures froa�t the holdcr of the lien an agreement satisfactory to Lender subordinating the lien ta this Securi[y Instrument. Cf Lender detern�ines that any part of the Property zs subject to a lien which may attain priority aver this Security Instrument, Lender may give Borrower a notice identifying thc lien. Borrower shall satisfy thc licn or take one or more of [he actions set forth above within 10 days of the giving of notice. $. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Grounds for Acceleration of Debt. (a) Default. Lender may, except as limited by regulations issued by tl�e Secretary, in the case of payment defaults, require iirunediate payment in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly pay��ent required hy this Security Instrument prior to or on the due date of the next monthly payment, or (ii) Borrower defaults by failing, fnr a period of thirty days, to perform any other obligations contained in this 5ecurity lnstrument. FHA Deed of Trust-NE 4l96 VMP � �\ /1;'; VMP4RINE) (0809) wol[e�s Kluwei Flnanciai Services � 1�� Page a ot 9 f "'. t�� i!! 1;� �! N ' 1: