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�uluo935o abandoncd Property. Borrower shall alsa be in default if Borrower, during the loan application process, gavc materially false or inaccurale informatian ar statements to �.ender (or failed to provide l.ender with any material inforrnation) in connecti�n wiLh the loan evidenced by the Note, including, but not limited to, represanlaliony �oncerning Borrower"s occupancy of the Property as a principal r�sidence. If this Security Instrument is an a leasehold, I3orrciwer shall comply with the provisions nf thc leas�. If Borrower acquires fee lill� lo th� Property, the leasehold and fe� tikl� shall not be merged unless Lender agrees to the merger in writin}�. 6. Condernnation. 7`he procc:ed� of any award or claim for damages, direct Ur consequential, in connection with any condemnatiun ar other taking of any part af the Praperty, or for conveyance in place of condemnation, are hereby assignsd and shall be paid to Lendcr Ic� the extent af the full amount of the indebt�dness that rernains unpaid under the Natc and this Security Tnstrument. I,endc:r shall apply such proceeds to the rcduction af th� indebtedness under lhc Note and this Security Ins[rum�nt, first to any delinquent amounts applied in the order provided in para�raph 3, and then to prepayment af principal. Any application of' the proceeds to the principal shall not extend or pastpane the due date of the monthly payments, which are referred to in paragraph 2, or change the amount of such payments. Any excess pmce�ds over an arnount required to pay all outstanding indebtedness under the Note and this Security Instrument shall bc: paid to the entity legally entitled thereto. 7. Charges to Borrawer and Protection of Lender's Rights in th� Properky. Borrower shall pay all governmental or municipal c:harges, fines and impositions that are not included in paragraph 2. Barrower shall pay these obligations on time directly ta the entity which is owed the payment. Tf" failure to pay wc�uld adv�rs�ly affect L,ender's interest in the Property, upan L,ender's request Borrower shall promptly furnish tU I.�nder rec�ipts evidencing these payments. If Borrower fails to mak� these payments or the payments required by paragraph 2, ar fails to perform any other covenants and agreements cantained in this Security Tnstrument, or there is a lc:gdl proceeding that inay significantly affect T.ender's rights in the Property (such as a proceeding in bankruptc:y, far condemnation or to enforce laws or regulations), Lhen Lender may do and pay whatever i� ncc�ssary to protect the value of the Property and I,ender"s rights in the Property, including payment of tax�s, hazard insurance and other items mentioned in paragraph 2. Any amounts disbursed by Lcndr;r und�r this paragraph shall become an additional debt af Barrawer and b� s�cured by this Security Instrument. Th�s� annaunts shall bear interest trom the date of disburu:m�nt, at th� Nat� rate, and at lhe c7ption af L,ender, shall be immediately due and payable. Borrower shall promptly discharge any lien which has pariarity over this Security Tnstrument unless Borrower: (a) agrees in writing ta the payment of the obligation secured by th� lien in a manner acceptable to L.ender; (b) contests in gaad faith the lien by, or defends against enforcemenf c�f the lien in, legal proceedings which in the T,ender's opinion operate to prevent the enforcemenl af th� lic:n; or (c;) sacures from the holder of the lien an agre�rnent satisfactory to Lender subordinating t,k�� licn to this Security Instrument. Tf L.ender determines that any part of the Property is subject to a licn which rnay attain priority over this Security Instrument, T.endc:r may give BUrrowcr a notice identifying the lien. Borrower shall satisfy the lien or take one or more of thc actic�ns sek farth abav� witlxin 10 days of the giving af notice. $. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Grounds for Acceleration of De6t. (a) Default. I.end�r may, except as limited by regulations issued by the Secretary, in the case of payment defaults, require immediate payment in full of all sums secured by this Security Insirument if: (i) T3orrower d�faults by failing to pay in full any monthly paynient required by this Security Tnstrument prior lo or on the due date of the next monthly payment, or (ii) Bc�rrower defaults by failing, for a period of thirty days, to perfarn� any Ulher obligations cUnlained in this Security Instrument. (h) Sale Without Credit Approval, L.ender shall if permitted by applicable law (including Section 341(d) of the Garn-St. Gerrnain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior appraval af the Secretary, require immediate payment in full of all sums secured by lhis Security Instrumenl if: � 4R�NE) Iseotl Papa 4 0� 8 �niTie�e: r�,