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201009798 abandoned Property. Borrower shall also be in default rf Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lerader (or failed to provrde Lender with any material information) in connection with the loan evidenced by the Note, including, 6ut not limited to, representations conccrning Borrower's occupancy of the Property as a princrpal residence. If this Security Instiwnent is on a leasehold, Borrower shall comply with the provisions of the lease. T£ 8orrower acquires fee title to tha Propert}+, the leasehold and fee title shall not be merged unless Lender agrees to the merger' in writrng. 6. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condetnnation or oth�r taking of any part of the Property, or for conveyance in place of candemnation, 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 Instrurnent. Lender shall apply such proceeds to the reduction of the indebtedness under the Nute and this Se�curity Instrument, first to any delinquent amounts applied in the order prprrided in paragraph 3, and then ta prepayment of principal. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthly payments, which are referred to in paragraph 2, or change the amaunt oF such paymcnts. Any exc�ss proceeds over an amount required to pay all autstanding indebtedttess under the Note and tius 5ecurity Instrument shall be paid to the entity legally entitled thereto. 7. Charges to Borrower and Protection of Lender's Rights in tbe Property. Borrower shall pay all governmental or municipal charges, fines and impositions that are not included in paragraph 2. Bc�rrovver shall pay these obHgatians on trme directly to the entity which is owed the payment. If failure to pay wauld adversely affect Lender's interest in the Propeity, upon Lender's re�uest Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower farls to make these payments or the payments r�uired by paragraph 2, or fails to perform any other cover►ants and agreements contained in this 5exurity Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enfoarce laws ar regulations), then Lender may do and pay whatever is necessary to protect the value of the Properiy and Lender's rights in the Property, including payment of taxes, hazard insurance and other items mentioned in paragraph 2. Any amounts disbursed by T�ender under this paragraph shall becorne 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 irnrnediately due atid payable. Borrower shall promptly discharge any lien which has priority over this Secunity Instrument unless Barrawer: (a) agrees in writing to the payment of the obligation secured by the lien in a rnanner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedrngs 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 satisfactory to Lender subordinating the lien to this Securiity Instrumerat. If Lender determines that any part of the Property is subject to a lien which may attarn pt`iority over tlxis Security Instrurnent, Lender may give Borrower a notice identifying the lien. Horrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. S, Fees. Lender may collect fees and charges authorized by the Secretary. 9. Grounds for Accelerafion of Debt. (a) Default. Lender may, except as limited by regulations issued by the Secretary, in the case of payment defaults, require immediate payment in full of all sums s�cured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by this Se�urity �nstrument prior to or on the due dat� of the next monthly payment, or (ii) Barrawer defaults by failing, for a period of thirty days, to perform any other obligations containad in this Sacurity Instrument. (b) Sale Without Credit Approval. Lender shall, if permitte� by applicable law (including 5ection 341(d) of che Garn-St. Germain Depository Institutions Act of 1982, 12 LT. S. C. 1701 j�3(d}) and with the prior approval of the Secretary, require irnrnediate payment in full of all surns secured by this Security Instrument if: 2200097304 }' �1 D V4NNE Initials: �/ �' vMPC��N�Nq Ioao�l.oi Page 4 of 6 I��1� j� �C�.