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2oioo9ios abandoned Property. Borrower shall alsa be in default if Borrower, during the laan application process, gave materially false or inaccurat� infarmation or statements to Lender (or failcd ta pravide Lender with any material information) 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, Borrower shall comply with the provisions of the lease. Tf Borrower acquires fee title to the Property, the leasehold and fee title shall not be rnerged unless L.ender agrees to the mergcr in writing. 6. Condemnation. Th� proceeds of any award or claim for damages, direcl ar c.ansequential, in connection with any condemnation or nther taking of any part of the Property, or for a'�nv�yance in place of condemnation, are hereby assigned and shall be paid to Lender to the extent of the full amaunt of the indebtedness that remains unpaid under the Note and this Security Instrument. L.ender shall apply such proceeds to th� rCduction of the indebtedness und�r th� Note and this Security Tnstrument, first to any d�linyucnt amaunts applied in the order provided in paragraph 3, and then to prepayment of principal. Any application ai' the prac:�eds to the principal shall not extend or postpone the due date of the monthly payments, whi�h are r�fcrr�d to 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 In.Strument shall be paid to the entity legally entitled thereto. 7. Charges ta Borrower and Protection of Lender'a Rights in ths Property, Borrower shall pay all governmental or municipal charges, fines and impositians that are nat included in paragraph 2. Borrower shall pay these obligations on time dir�c:[ly t� Ch� entity which is owed the payment. If failure to pay would adversely affect Lender's interest in the Praperty, upon Lender's request Borrower shall promptly furnish to T.ender receipts evidencing lhese paymsnts. Tf Borrower fails to make these payments or the payments required by paragraph 2, or fails to perfc�rm any ather covenants and agr�:�ments contained in this 5ecurity Tnstrument, or there is a legal proceeding thal may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), lhen Lcnder may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the PrUp�rty, inc:luding payment of taxes, hazard insurance and other items mentioned in paragraph 2. Any amaunts disbursed by L.ender under this paragraph shall become an additional debt of Borrower and be secured by this Security Instrument. "T�ese amounts shall bear interesi frc�m the date af disbursernent, at the Nate rats, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly discharge any lien which has pri�rity ov�r this Security Iz�stzvment unless Barrower; (a) agrees in writing to the payment of the obligation secured by the lien in a mann�r acceptabl� tc� I,�ndr:r; (b) cantests in good faith the lien by, or defends a�ainst enforcement of the lien in, legal proc�edings which in thc Ixnder'� o�inion operate to prevent the enforcement of the lien; or (c) secures Prom the holder of the lien an agrcemc:nt satisfactpry ta L.ender subordinating the lien to this Security Tnstrument. If Lender determines that any part Uf lta� Prvperty is subject to a lien which may attain priority over this 5ecurity Tnstrument, Lender may give Banower a nUtic:� id�ntifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. 8. Fees. Lender may collect fees and charges autharizcd by t,t�c: SecreCary. 9. Grounds for Acc�lsratian af Debt. (a) Default. I.ender may, except as limited by regulations issued by the Secretary, in the case of payment defaults, rcyuire immediate paymenk in full of all sums secured by this Security Instruinent if: (i) Borrow�r defaults by failing to pay in full any monthly payment required by this 5ecurity Instrument prior to or on the due date of the next monthly payment, ar (ii) Borrowc:r defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. (b) Sale Without Credit Approval. T.ender shall, if pennitted by applicable law (including Section 341(d) of the Garn-St. Germain Depository Tnstitutions Act of 1982, 12 U.S.C. 1701jw3(d)) and with the prior approval of the Sccretary, requirc immediate payment in full of all sums secured by this Security Instrument if: ��4RINE) �san, � Paqe 4 nt 8 Initials: �