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2oioos�� abandoned Property. $ortvwer shall also hc in detuull if Bortower, during the loan application ptocess, gave materially false or inaccuraie information or statements to Lencler (or failed to provide Lender with any material infonnation) in connection wiih the l��an evidcnced by the Note, including, but not limited to, reptesentatinns concerning Botrower's occupancy of the Properly as a principal residence. IF this Security Inslrument is on a Ieasehold, Borrower shall comply with the prnvisions of the lease. If B��rrowcr acquires fee title to the Property, thc Icaschold and fee title shall not be merged unlcss Lender agtees to the merger in writing. 6. (.ondemnatiun. 7'he proceed5 oF any award or claim for damages, dircct or consequential, in connection with any condemnation or othcr taking ot� any part of thc Property, or for conveyance in place of condemnation, are heteby astiigned and shall bc paid to Lender to the extent of the fiill amounl oF the indcbtedness that remains unpaid under the Note and ihiy Security Inst� Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this Security Intitn�ment, first to any delinquent amounts applied in the order ptovided in para�raph 3, and then to ptepayment af principal. Any appliculion of the proceeds to lhe principal shall not extend ar postpone the due date of lhe monthly paytncnts, which are teFerred to in paragraph 2, or change the amount of sueh payments_ Any excess proceed5 over an amoitnt required to pay all outstanding indebtednes5 nnder thc Note and thiti Security Instniment shall be paid to the entity Icgally entilled thereto. 7. Charges to Borrower and Prutectiun uf Lcnder's Rights in the Property. Borrowcr shall pay all �overnmental or municipal charge�, fines and impositions that ate not included in para�raph 2. Borrower shall pay thcse nbligations on tiine directly to the entity which is owed lhe paym�nt_ If failure to pay would adversely affect Lcndcr's interest in the Propetty, upon Lendcr's request Bottower sba11 promptly furnish to Lcnder receipts evidencing these payinents. If Borrower fails to inake ihese payments or the payinents requite�l by paragraph 2, ot failti to perform any other covenants and agreements cont.ained in this Security Tnstruinent, ot there is a legal proceedin� that may significantly affcet Lender's ri�hts in the Pr�perty (such as a proceedin� in bankniptcy, for condemnati��n or to cnforce laws or regulations), lhen Lender may do and pay whatever is necessary to protect thc value uP the Praperty and Lender's rights in the Properly, including payment of taxes, hazard insutance an�i other iteius mentioned in paragraph 2. Any amount5 disburse�l hy Lender under this paragraph 5hall becomc an additional debt of Borrowet and be secured by this Security Inst.ruinent. These amounts shall beat inlerest from thc date of disbursement, at the Note rate, and at the option ol�Lender, shall he immcdiately due and payable. T3orrower shall prompily discharge any licn which has priotity pver this 5ccurity Instrument unless $orrower: (a) agrees in writing lo the payment i�f thc obligation secuted by the lien in a manner acceptablc to Lender; (h) contests in goad faith 1he liean by, i�r defcnds against enforcement �f the licn in, legal proceedings which in the Lender's opinian opetate t�� prevent thc enforcement of the lien; ��r (c) secures Irom the hnldcr of the lien an. agreement satisfact��ry to Lender subordinating the lien to thiti Security Instruinent. If Lender dctermines that any part of the Property iti subject tn a lien which may attain priotily over this Security Instrument, Lender may give Borrawer a notice identifying the lien_ Iiorrower shall salisfy the liet� or takc one or inore of the actions set forih above within 10 days of lhe giving oFnotice_ $. Fees. Lender may collcct fees and charges authorize�l by the Scerctary. 9. Grounds for Aceeleration nf Deht. (•r) Default. Lender may, except as limited by regulations i�sued by the Secrelary, in the casc nf payment dcfaults, require inunediate payment in fiill of all sums secured by thie Sccurity Instrument if: (i) Borrower defaults by failing tn pay in full any inont.hly payment requircd by this Security Instnunent prior to or on the due date of thc ncxt monthly payment, ar (ii) Borrower defaults by failin�, fnr a period of thitty day�, tn perfonn any other obligations contained in this Security In�trument. (b) Sale Withuut Credit Approval. Lendcr shall, if pennitled by applicable law (including Section 341(d) of the Garn-St. Gern�ain Depusitary Lnstitutions Act of 1982, 12 U.S.C:. 17Olj-3(d)) and with the prior approval i�f the Secretary, require immediaiepayment in fiill of all sums secured by this Security Instrurncnt i F: �-4R(NE) �ssoi� Page 4 of8 Initials:___��W__