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20100914G circumstances. Borrower shall not commit waste or destroy, darnage or substantially change the Property ar aliow the Property to deteriarate, reasonable wear and tear excepted. Lender may inspect the Froperty if the Property is vacant or abandoned ar the loan is in default. Lender may take reasonable action to protect and preserve such vacant or abandoned Property. Borrower shall also be in default if Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in cannectian with the laan evidenced by the Note, including, but not limited to, representatians concerning Borrower's occupancy af the Property as a principal residence. If this Secunity Instruznent is on a leasehold, �oxrower shall comply with the provisions of the lease. If Borrower acquires fee title to the Praperty, the leasehold and fee title shall not be merged unless L.ender agrees ta the rnerger in writing. 6. Condemnation. The proceeds of any award or clai�x► for damages, direct ar consequential, in connection with any condernnation or other taking of any part of the Property, or far conveyance in place of condemnation, are hereby assigned and shall be paid to Lender to the extent of the full amount af the indebtedness that rernains unpaid under the Note and this Security Instrument. Lender shall apply such proceeds ta the reduction of the indebtedness under the Nate and this Security Instrument, first to any delinquent announts 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 pastpnne the due date of the monthly payrnents, which are referred to in paragxaph 2, ar change the amaunt of such payrnents. 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 Borrower and Protection 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 time directly to the �ntity which is owed the payrnent. If failure to pay would adversely affect L,Qnder's interest in the Property, upon I.,ender's request Borrower shall promptly furnish to Lender receipts evidencing these payrnents. If Borrower fails to rnake these payrnents or the payments requixed by paragraph 2, or fails to perform any other covenants and agreernents contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnatian or to enforce laws or regulatians), then L.ender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, including payment of taxes, hazard insurance and other itetns mentioned in paragraph 2. Any amounts disbursed by L.ender under this paragraph shall become an additional debt of Borrower and be secured by this Security Instrument. 'These amounts sha11 bear interest from the date of disbursement, at the Note rate, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly dischazge any lien which has priority over this Security Tnstrurnent unless Borrower: (a) agrees in writing ta the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the L.ender's opinion operate to prevent the enforcernent of the lien; or (c) secures from the holder of the lien an agreement satisfactory to L.ender subordinating the lien to this Security Instrurnent. If I,Qnder determin�s that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borcower a notice identifying 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 authorized by the Secretary. 9. Graunds for Acceleration of Debt. (a) Defaalt. L.endcr may, except as limited by regulations issued by the Secretary, in the case of payment defaults, require immediate payment in full af all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any manthly payrnent 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 thirty days, to perform any other obligations contained in this Security Instrument. FHA �eed of Trust-NE VMP � Wolters Kluwer Financial Servicea 4l96 VMP4p�NE) (08091 Page 4 of 9 �� . ,�� . k � '