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�Q��Op�� abandoned Property. Borrower shall also be in default if Borrower, during the ]oan application process, gave materially False or inaccurate infornnation or statements to Lender (or failed to provide Lender with any material infarmation) in connection with the loan evidenced hy thc Note, including, but not ]imited to, representations concerning Borrowcr's occupancy of the Property as a principal residence. If this Security lnstrument is on a leasehald, Borrower shall comply with the provisions of the lease. If Borrower acquires fee title ta the Praperty, the leasehold and fce title shall nat be merged unless Lender agrees to the merger in writing. 6. Condemnatian. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking af any part of the Property, or fnr conveyance in plac� of condernnation, are hereby assigned and shall be paid ta Lender to the extent af the full amount of' the indebtcdness that remains unpaid under the Note and this Security Instrument. Lendcr shall apply such praceeds to tha reduction of the indebtedness under ihe Note and this Security Instrument, first to any delinquent amounts applied in the order provided in paragraph 3, and then to prepayment nf principal. Any application of the proceeds ta the principal shal] ncat extend or postpone the due date of the monthly payments, which ara referred to in paragraph 2, or chan�e the amount of such payments. Any excess proceeds over an amount required to pay all outstanding indebtedness undcr the Note and this Security Instrument shall be paid to the entity legally entitled chereta. 7. Ch�rges to Borrowcr and Protection of Lender's Rights in the Property. Borrawer shall pay all governmenta] or municipal charges, fines and impositions that are not included in paragraph 2. I3orrower shall pay these obligatians on tirne directly to the entity which is owed the payment. If failure to pay would adversely affect Lendcr's interest in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrawer fails to make these payments or the payments required by paragraph 2, or fails ta perform any other covenants and agreements contained in this Security Tnstrurnent, or there is a legal proceeding that may significantly at�ect L�nder's rights in the T'roperty (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may da and pay whatever is necessary to protect the valu� of the Praperty and Lender's rights in the Property, including payment af tax�s, hazard insurance and other items mentioncd in paragraph 2. Any amaunts disbursed by Lendcr under this paragraph shall become an additional debt af Borrower and be secured by this Security Inscrument. These amaunts shall bear interest from the date af dis6ursement, at the Notc rate, and at thc option of Lendcr, shall be immediately due and payable. Barrower shall promptly discharge any lien which has priority aver this Security Instrument unless Borrawer: (a) agrees in writing ta the payment af the obligation secured by the lien in a manncr acceptable to Lender; (b) contests in goad faith the lien by, or defends against enforcement ot the licn in, legal praceedings which in the Lender's apinion operate to prevent the enfarcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subardinating the ]ien to this Security Instrument. If Lender determines that any pari of the Praperty is subject to a lien which may attain priority aver this Security Instrumant, Lender may givc Borrower a notice identifying the lien. Borrower shall satisfy the licn or take one or more of the actians set forth above within 10 days of the giving of notice. 8. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Graunds for Acceleration 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 �f all sums secured by this Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment requircd by this Security Instrument prior to or an the due date of the next monthly payment, or (ii) Sarrower defaults by failing, far a period of thirty days, ta perform any other abligations confained in this Security Instrumenl. (b) Sale Without Credit Approval. Lender shall, if permitted by applicable law (including Section 341(d) of the Garn-St. Gcrmain Depasitory Tnsticutions Act af 1982, 12 U. S. C. 1701 j-3(d)) and with the prior approval of the Secretary, require iznmediate payment in full of all sums secured by this 5ecurity Instrument if: 89D0901727 �0901727 �11i�iB�6. VMP�-4N�NE) �oao��.o� ae9e a o� s