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201009472
<br />abandonerl 1?roperty. �3orrower sha11 al�o be in default if Barrower, during the iaan applicatian process, gave
<br />materiat(y false or inaCCUrate information or statemeants to Lender (or failecl to provide C.er►der with an.y material
<br />informatio� in connaction with the ioan evidenced by the Note, inCluding, buE not limited to, representations
<br />concerning 8orrower's occupaney of th� Property as a principal resicien.ce. Tf this Security Insl:ru� is on a
<br />leasehold, Borrower shall comply with the provisions af ihe l.ease. Tf Borrower ar�quires fee titte to the Property, th�
<br />leasehotd and f�ee titl� shall not be merged uniess Lenda� agc�ees to the rae�rger in writing.
<br />6. Condemnation. The proceeds of any award or claizn for damages, direct or oonsequential, in oonneclion with
<br />any condernnation or other taking af any part vf th� Prope�•ty, or for conveyance in ptace of condemnation, are
<br />hereby assigned and ahall be paid to I.ender to the extent of che full amount of the indebtedness that remaEns uz�aad
<br />un.der the Note and this Seeurity InsGrument. Lender shall apply such praoeeds tv the reductian ot the indebtec�ness
<br />under the Note and thia Security Tnstrument, firsC to any delinqvent amounts applied in the order provided in
<br />paragraph 3, ar�d the�n to prepaymea�t of principal. Any app]ication of the proceeds to the principal shall not extend or
<br />postpane tha due dats of the monthly payments, which �re referred to in parag,�'aph 2, or change the amaun# of such
<br />payments. Any �xcess prpcc�eds avc:r an amoun.t requirt�i to pay all outstand'zng indsbtedness undEr I:he Note and this
<br />Security Inst�unr�nt shall be paid to the esntaty legally entitled thereta.
<br />7. Gharges Gv �vrrower and Protaction of Lendcr's Rights in tho �'ropeirty. Horrower shall pay all
<br />governmental ar municipal charges, fines and impositions that are not includod in paragraph 2. Borrower shal]. pay
<br />these obligations on. time directly to the entiCy which is owed the paymen� Tf failure to pay would adversely affiect
<br />Lende�r's interest in th� Property, upon Lender's roq Borrower shail prornptly frrrnzsh to �.ender rec�ipts
<br />evidencing these paymencs.
<br />lt �orrower �ails to make th�se paym�ats or Che payments required by paragraph 2, Or fails tn perform any otiler
<br />covenants and agreemen�s oontained in Chis Security Jnstrum,ent, or there is a legai proce�eding that may significan�tly
<br />afEect L.c�:nder's rights in the Propecty (such as a proceeding in bankruptcy, f�r ccandemnation or to enforce laws or
<br />regulacions), then Lender may d0 und pay wh&tever is neoessary to �rote��t the value at the Property and L,ender' a
<br />rights in the Froperty, including paym�nt of taxes. hazard insurance &nd othex itiems mexttaonetl in paragraph 2.
<br />Any amounts disbursed by Lender under thi�s paragraph shall become an additiqnal debt ot Borrower and be
<br />secured by this Security Tt�strument. These amounts shall bear inter�et frvm the date of disbursernent, �t th� NUtie
<br />rate, and at the option of L�nder, shalt be immediately due and payable.
<br />Box'rower 6�1a1[ promptly discharge any lieta whiclt has priority qver this Secutity Instrument unless Bvrrower:
<br />(a? agrees in writin�, W tta� paym�ent of che obligacion secured by the iien in a nnar►ner acc�pt�ble to L,ender; Ct�)
<br />contests in good f�ith the lien by, ar dg[ends against �nforcemenC of the lien i�, legal pcaoee�tings which in the
<br />LetidEr's ppini0n npPxate W pr�vBnt lhe �forCex[►Bnt Of the liert; or (c) secures from the holder of tlae lien an
<br />agrcement satisfactory to X.ender subordinaCing the lien W this Sec�uity Instrum�nt. If Y,ender detcrmines that aay part
<br />of the Property is subjecd to a lien which may attain priortty over this SeCUrity InaErument, �.et�der may �ive
<br />Borrower a. nptzc� identifying thes lien. Borrower ahall satisfy the lien or take one or mnre of the activns set fortfi
<br />above within l0 days vf the givirig of notices.
<br />8. Fces. LFxuler may ccallect f�es and chargas authoriz� by the Seccetary.
<br />9. Gruuuds for Ac�ccicrution of Deb�
<br />(a� Dc�ault. [.ender may, exc�pt as iimited by regulations issued by the Secretary, in the case oF payment
<br />defaults, require imrnediate �aym�t in. tu11 oF a�l sum.s secured by this Security Insta�ument if:
<br />G? Barrow�r deFaulls by failing to pay in f.Ull any monthly payment required by this S�urity Instrument
<br />priqr to or on the due date oF the next ziwnthly paymaet, or
<br />(ii) Borrower defaulrs by Failing, For a period of thircy days, co perform any other obligations contarnad
<br />in this Security lnstrument.
<br />fi�� Sale Without Credit Approval. i,ender ahall, if per�nitted by applicable law (inciuding Section 3�i.(d)
<br />of ttae G1arn-St. Germain Depository InstiCutions Act of 1982, 12 U.S.C. 17Q1j-3(d)) ancl with the prior
<br />approval af the Secretary, require immediate payment in full of �ll sums �cured by this Security Inskrument
<br />if:
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<br />lntti�ls: "�
<br />vM ��-a N�roq ia,a��.o, v�., o� a
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