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2o1ao94s7 circumstances. �orrower shall not commit waste or destroy, darnage or substantially change the Property or allow the Property to deteriorate, reasonable wear and tear excepted. Lender may inspect the Property if the Pz is vacant or abandoned or 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 i£ Borrower, during the Ioan application process, gave matarially false or inaccurate information or statements to Lender (or failed ta provide Lender with any material information) in cpnnection with the loan evidenced by the Note, including, but not limited to, representations concerning Borrower's occupancy of the Property as a principal residence. If this Security Instrument is on a leasehold, Borrower sha11 comply with the provisions of the lease. If Borrower acquires fee title to the Property, the leasehold and fee title shall not be merged unless Lender agr�es to the merger in writing. 6. Condemnation. The prpceeds of any award ar claim for damages, direct or consequential, in connection with any condemnation ox other taking of any part of the Property, or for conveyance in place of condemnation, are hereby assigned and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid. under the Note and this Security Instrument. Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amounts applied in the order provided in paragraph 3, and then to pz of principal. Any application of the praceeds to the principal shall nat extend or postpone the due date of the monthly payments, which are referred to in paragraph 2, or change the amount af such payments. Any excess proceeds av�r an arnount required to pay al1 outstanding indebtedness under the Nate and this Security Instrument shall be paid to the entity legally entitled tt�ereto. 7. Charges to Borrower and Protection of Lender' s Rights in the Property. Borrowar shall pay all governmental or municipal char�es, fines and impositions that are nat included in paragraph 2. Bprrower shall pay these obligations pn time directly to the entity which is awed the payment. lf failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Bprrawer shall promptly furnish to Lender receipts evidencing these payments. If Borrower fails to make these payrnents or the payments required by paragraph 2, or fails to perform any other covenants and agreements contained in this Security Instrument, or there is a legal praceeding that may significantly affect Lcnder's rights in the Property (such as a praceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, includin� payment of taxes, hazard insurance and other items mentioned in para�raph 2. Any amounts disbursed hy Lender under this paragraph sha11 become an additional debt of $orrawer and be secured by this Security Instrurnant. These amounts shall bear interest frpm the date of disbursement, at the Note rate, and at the option of �.ender, shall be imrnediately due and payable. Borrower shall promptly discharge any lien which has priority over tliis Security Instrument unless Borrower: (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 lien; or (c) secures frorn the holder of the lien an agreement saCisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borxower shall satisfy the lien or take one ar more of the actions set forth abovc within 1� days of the giving of notice. 8. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Grounds for Acceleratian of Debt. (a) Default. Lender nnay, except as limited by regulations issued by the Secretary, in the case of payment defaults, require ixnmediate pay�ment in full of all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by this Security Cnstrument 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 pther obligations contained in this Security Instrurnent. oas�o�s�se FHA peed pf Trust-NE 4/86 VMP [q) �n VMP4R(N� (0809) Wolters Kluwer Financial Services \��' Page 4 oF 9