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2�10�9��3 abandoned Property. Bc�rrower shall also be in default if Borrower, during the lc�an applicatiUn process, gave materially false or inaccurate information or statements to Lender (or failed to provide I..snd�:r with any mat�rial infprtnatipn) in connection with the loan evidenced by the Note, including, hut nat limited ta, representations CAri(:�l"C11T1� BOI'I'OW�I"'S occupancy of the Property as a principal residence. IP this Security Instrum�nt is an a leasehold, $orrower shall comply with the provisions of the lease. If Borrower acquir�ti fe� title ta the Praperty, the leasehold and fee title shall not be merged unless Lender agrees to the merger in writing. G. Condemnation. 'The proceeds of any award or claim for damages, direct or constqu�ntial, in r;ann�GtiUn with any candemnation or other taking of any part of the Property, or for conveyance in plac� af cand�mnatiUn, are hereby assigned and shall be paid to T.ender to the extent of the full amount of lhe indebtedness that r�mains unpa►d under the Note and this 5ecurity Tnstrument. T.ender shall apply such procceds to thC reduct'ron of the indebtedness under the Note and this S�curity Instrument, first to any delinquent amounts applied in the order provided in paragraph 3, and then to prepayment of principal. Any application of the proceeds to the principal shall not extcnd or postp�ne the due dat� of the monthly payments, which are referred to in paragraph 2, or change the amount of such payments. 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 govemmental or municipal charges, fines and impositions that are not included in paragraph 2. $orrower shall pay these obligations an time directly to the entity which is owed the payment. Tf failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Borrower shall promptly fumish to T.ender receipts evidencing these payments. If Borrower fails to makc lhc:s� paym�n[s c�r the payments r�quir�d by paragraph 2, ar fails ta perform any ather covenants and agreements conkained in lhis Sccurity Izastrument, ar lhc:re is a legal prace�ding that may significanCly affect L.ender's rights in thc Prop�rty (such as a praceeding in bankruptcy, fc�r cond�mn�atian ar ta enf�tce laws ar regulations), then T.ender may do and pay whatcver is necessary to protect the value af tha Praperfy and I.,c:ndcr's rights in the Property, including payment �f taxes, hacard insurance and othcr iterns mt;ntion�d in paragraph 2. Any amounts disbursed by Lender under this paragraph shall become an additional debt of Borrower and be secured by this Security Instrument. These amounts shall 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 discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to th� paym�ni c�f thc: obli�afian secured by lhe lien in a mann�r acc�ptable lo Lcnder; (b) contests in good faith the li�n by, or d�f�nds against ez�.farcemcnl Uf lhc: licn in, legal proceedings which in the I.�nd�r's opinion Up�rat� to prevent the enforcement of the lien; ar (c) secures from the holder of the lien an agreement satisfactory ta L.ender subordinating the lien to this Security Instnxment. If Lender determines that any part af the Property is subject ko a lien which may attain priority over this Security Instrument, Lender may give Barrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within lp days of the giving af notice. 8. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Graands for Acceleration of Debt. (a) Default. L.ender may, except as limited by regulations issued by the 5ecretary, in the case of paymc:nt defaults, require immediate payment 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 Iristrum�nt 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 obligatians cantained in this Securiry Instrum�nt. (b) Sal� Without Credit Approval. Lender shall, if permitted by applicable law (including Section 341(d) c�f th� Garn-St. Germain D�pusitUry Institutic�ns Act of 1982, 12 U.S.C. 1701j-3(d)) and with the pr'ror approval of the Secrstary, requirc immediatc payment in f"ull of all sums secured by this Security Instrurnent if: ��4RINE) �ssoi � paQe a ar a i��tiaia�-� -S