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201101381 circumstances. Borrower shall not commit waste or destroy, damage or substantially change the Property or allow the Property to deteriorate, reasonable wear and tear excepted. Lender may inspect the Property if the Property 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 if Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or failed to provide L,ender with any material information) in connection 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, Bonower shall 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 agrees to the merger in writing. 6. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or 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 Instrvment. 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 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 amount of such payments. Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this Securiry 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 governmental or municipal charges, fines and impositions that are not included in pazagraph 2. Borrower shall pay these obligations on time directly to the entity which is owed the payment. If failure to pay would adversely affect Lender's interest in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower faits to make these payr�;nts or the payments required by paragraph 2, or fails to perform any other covenants and agreer�ents contained in this Security Instrument, or there is a Iegal proceeding that may significantly affect Lender's rights in the Property (such as a proceecting in banlmiptcy, for condemnation or to enforce laws or regutations), then I.ender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, ir�iuding paymeni of taxes, hazard insurance and other items mentioned in paragraph 2. Any amounts disbursec� by Lender �der this garagraph shall become an additional debt of Borrower and be secured by this Security Instrunzent. These amounts shaIl bear interest from the date of disbursement, at the Note rate, and at the option of Lenc�er, s,hall be inunediately due and payable. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing ta the payment of the obligation secured by the Iien in a manner acceptable to Lender; (b) contests in good faith the Iien by, or defends against enfarcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory 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, L,ender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. 8. Fees. Lender may collect fees and charges authorized by the Secretary. 9. Grounds 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 of all sums secured by this Security Instrument if: (i) Bonower defaults by failing to pay in full any monthly payment required by this Security Instrument prior to or on ihe due date of the next monthly payment, or (ii) Bonower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. FHA Deed ofTrust-NE VMP Q Wolters Kluwer Financial Services 4/96 VMP4R(NE) (0809) Page 4 of 9 �� �