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<br /> abandone� Pcnyeccy- Borsower shall also be in defaut[ if Bamower. durinF the loan appliration process. �s�e �.`,,;,�'
<br /> materiaily false ur inaccurate information or statemenu tv Lender (or failai to pruvide Leader with any m:itenal
<br /> information) ia connecpon with che luaa evidenced by the Note. including, but not limited to, represen4strons
<br /> � concerning Borrower's erccupancy of the Property as a principal residence. If this Security Instrument is on a :',, _
<br /> le�sehold,Borrower shall mmply with the pmvisions of the lease. If Barrower acquires fee title[o the Property. the 't,�- •
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<br /> leasehold and fee tide shall not be merg�unless Ixnder agrees to the msrger in«•riting. ;:,,. .
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<br /> 6.Condemnation.The proceeds of anY awnrd or claim for damage�.,direct or consequential. in connection with f�,.,
<br /> ` any condemnation or other taking af any par€ of the Praperty. or for conveyance in place of condemnation, are s;.t;
<br /> • hereby assigned and sha11 be paid to Lender to the extent of the full amount of the indebteslness cbz*remains unpaid �<.�.;`,:
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<br /> , .j under the Note and this Security Instrument. Lender shall apply such prooe�ds to the ieductian rE the ind�btadness ; 1,,
<br /> :� under the Nnte and this Security Insuument• first to any definquem amounts applied in the order provided in Y,y;_
<br /> paragapls 3,�}�shen ro prepapment of pritrcipal.Any applieation of ci�c�sroceeds to the prineipat sf�a11 not extend or vf�v
<br /> �" �j postpone the�3ate of che monthly payrGents, which are referred tv in paragraph Z.or change tb:e amount of suc+5 �
<br /> ,� �; payments. p►ny excess pmc�'.�s over an amount t�eqnired to pay ali outstanding indebtedness under the Note an�this �,•,
<br /> . Security[nstsument shall be paid to the entity legally entided thereto. Borrower shall pay a11 '''
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<br /> , ,. 7. Cha��frs to �nrrower and Pcotection of Lender's Rfgl�ts �n We ��'' h 2. Borrower si�all pay �'���Y
<br /> _; ;�; govemmentaI or muuiripal charges, fi�s and impositions that are not 'sncluded in paragrap #. `'
<br /> these obiigations on time directfy to the entity which is ov�ed the payment. If fa'tiwre co pay woutd advecsely affect 4�;
<br /> : '-.� fumish to Lender receiQts �,.
<br /> , � Le.eder s inte.rest in t6e Property, upon Lender's Le+quest Bosrower shall prompi�Y �,�
<br /> evi�ncing these payments. ,�rai,F.
<br /> �-.2,or fails to erfarm any other ' �t
<br /> .. if Bnrrower fails to mafce[hese pay��n�or ihe�a�r��nts reqwied by paragr'.�.g- P ..,F�.:_
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<br /> covenancs�.n��agreemenis contained in this Securiry Ic�s[rumeM.or ehere is a legal prace�ding that may significanUy .
<br /> ��t.!,�riis�°g rights in the Property(such as a proceeding in banlcmptry, for mndemr�tion or ta enforoe laws or 'r,y
<br /> c��i�=z�1:u2en i.ender may do and PaY�vhatever is necessary to pmtect the val¢e of the Property and LendeF's :•:'f��:
<br /> � � ri�s;n tlt�?roperty,inctuding payment of taxes.hazard insvranoe an�d other item�mentioned in paiagrnph 2• ; ;y5;`,y
<br /> Any a.��nnts disbursed by Lender under this paragraph sh�ll become an addirional debt of Borro�ve�aa�i be �.<�7_9}�
<br /> � 5���r,� �rity tnstrument. '[7irc;i�emounts shall bear interest from the date of disEru�.�.mem. at the Note
<br /> rate,and at the opuon of Leader,shall ls�in�►ediateiy due and payable. `'�,,�.,
<br /> • Borrower shall promptly discharge anY lien which has priority over this Security Instcusr�t unless Borrower.
<br /> °— (a) agrees in wr�tin�s to the paym�nt of th� obligation�`"cured �y th� lien in a rttanner acceptabie to Lender: N) ;
<br /> • contesu in good faitf► the lien by. or defends against enforcecrcex.: of the lien in. legal procePdings wt�a's in the 1 ;�e£�
<br /> . f.ender s agsn.ron opesate to prevent etia enfarcement of the lier. o� (c) secures from the holder of the ti�n an : ,
<br /> ,• a�ment s�isfactory to Lender subordinatin�the lien to this Sea.��s Instnifn�en�if Lender deeermines tl�e any yut ��'�.,,
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<br /> � . of the Property is subject to a lien whicd may attain priority over this S�urity Inqaum¢nt. I.ender may give :
<br /> Borrower a notice identifying the lien. Borrower shall satisfy the lien or take ane or�nore of the actions set fanh •�u�
<br /> above within 10 days of the giving of noticY. ;��-���-
<br /> g.gces.l.ender may collecc fees era.�charges authorized by the Secretary. �• •�
<br /> ' 9.Grounds for Accetesration of LA�s►. � :. .
<br /> � (a)DeiaWt.Ixnder may._ exc�4 as fia►ited by regulations issued by the Secretary,.�rr..tt�e case of paymr.nc :�••
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<br /> • � defaults,reqaire'., iate paymant in full of all sua�secured by this``xxurity Irtstcture,.ccic if: s;,.,.:
<br /> , (i)Borrower�defaulu by fa7ing to pay in fWl any monthiy paymr_nt:ceqvired by this SecnritY�tr�a�en� 9-:.:-..--
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<br /> � prior to or on the due date of the next�nanthly payment,ar ___--
<br /> (ii)Borrower defaults by f+��1��• for a pedod of thirty day:+.to perform any otf��bligations coniained __�_
<br /> in th�s Seruriry Instrumen�. �u:�:...
<br /> tsaebte law(including 5ect'si��n 34I(d)
<br /> (B)Sale Without Credjt Approval. Lender shali, if permitted by app .
<br /> of the �am-5G 13�i:s�.ain Bepository Institutions Act of t982. 12 ZJ.�.,.�. 1701j•3(d)) sind with the prior �
<br /> � a *�val of the�.�:�d„tv..ri�;v�re immediate a ment in full of ulj sunt.s Eecured b this Security Iastcuinent �;.��+-
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