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201009435 circumstances. Borrower shall not cam�tit waste or destroy, damage ar substantially change the Proparty� or allow the Property to deteriorate, reasonable wear and tear exc�pted. Lender may inspect the Property if the Property is vacant or abandoned or the loan is in default. Lender may take reasonable action to protect and preserve such vacant or abandoned Property. Borrawer shall also be in default i£ 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 connection with the loan evidenced by the Note, includin�, but not limited to, representations concerning Borrower's occupancy of the Froperly as a principal residence. If this Security Instrument is on a leasehold, Barrower shall comply with the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and fee title shall not be rz�er�ed unless Lender agrees to the merger in writing. 6. Condemnation. The procaeds of any award or claim fpr damages, direct or cansequential, in cannection witli any condemnation or other taking nf any parC of the Property, or for conveyance in place of condemnation, are her�by assigned and shall be paid to Lender to the extent of the full amouz�t of the indebtednesa that remains unpaid under the Note and this Security Instrument. Lender shall apply such proceeds to the reduction of tlze indebtedness under the Note and this Security I.nstrument, first to any delinquent amounts applied in the order provided in paragraph 3, and then to prepa,yment of principal. Any application of the proceads to the principal shall not extend or pt�stpone the due date of the monthly payments, which are referred to in paragraph Z, or change the amount of such payments. Any excess proceeds over an amount required to pay all outstanding indebtedness under the N�te and this Security Instrurnent shall be paid to the entity legally entitled thereto. 7. Charges to Borrower and Pratection of Lender' s Rights in the Property. Borrower sk►all pay all governmental pr rnunicipal charges, fines and impositions that are not included in paragraph 2. Borrower sha11 pay these obligations on time directly to the entity which is owed the payment. If failure to pay would adversely affect Lender' s interest in the Prnpeny, upon Lender' s requ�st Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower fails to make these payments or the paymants required by paragraph Z, or fails to perform any other covenants and agreements contain�d in this Security Instrument, or there is a le�al proceeding that may signi�cantly aff�ct Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do aa�d pay whatever is necessary to protect the value of the Property and Le��der's rights in the Property, includin� payment of taxes, hazard insurance and other items mentioned in paragraph 2. Any amounts disbursed by Lender under this paragraph shall become an additional debt of Harrower and be secured by this 5ecurity instrument. These amounts shal] bear interest. from the date of disbursexnent, at the Nate rate, and at the aption of Lender, shall be immediately due and payable. Borrower shall promptly d'zscharge any Iien which has pziority over this Security Instrument unless Barrower: (a) agrees in writing to 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 Lender' s opinion operate to prevent the enforcement of the tien; or (c) secures frorn the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determine� that any part of tl�� Prnperty is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a nptice identifying the lian. Borrower shall satisfy tk�e lien or take one or rnore of the actions set forth above within 10 days of the giving of notice. 8. Fees. Lender may collect fees and chargea authorized by the Secretary. 9. Grounds for Acceleration of Debt. (a) Default. Leander may, except as limited by regulations issued by the Secretary, in the cas� of payrn�nt defaults, require immediate payrnent in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any tnonthly payment 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. � �� oas�o�s�a� FHA Deed af Trust-NE 4186 VMP � VMP4R(N� (08D9) Wolters Kluwer Financial Services Page A of 8