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20110�52� abandoned Property. Borrower shall also be in default if Borrower, during the Ioan application process, gave materially false or ir;accurate infozmation or statements to Lender (or failed to provide Lender with any material in#arma[ion) in connection with the loan evidenced by the Note including, but not Iiznited to, representations cc�ncerning Borrawer's occupancy of che Property as a principa! residence. If this Security Tnstrument is on a leasehold, Borrawer shall comply wi[h the provisions of the lease. if Borrower acquires fee ticle to the Property, the leasehold and fee title shail not be merged unless Lender agrees to the mertler 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 ProperCy, or for conveyance in place of condemnation, are hereby assigned and shall be paid to Lender to the extetat af the full amount of the fndebtedness that remains unpaid under the Nate and this Security Instrument. Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this Security Instnunent, first to any delinquent amounts applied in the order grovided in paragraph 3, and then to prepayment of principal. Any application of ttte proceeds to the principal shal} not extend or postpone the due date of the monthly payments, which are referred to in paragraph 2, or chanae the amount of such payments. Any excess proceeds over an amounf rec�uired to pay al1 outstanding indebtedness under the Note and this Securiry lnstrument shall be paid to the eniity 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 paragraph 2. Borra,ver shali pay these obligations an time directly to khe entity which is owed the payment. If failare to pay would adversely affect Lender's interest in the Property, upon Lender's request $orrower shal] promptly furnish to Lender receigts evidencin� these payments. If Borrower fails m make these payments or the paynnents required by paragraph 2, or fails to perform any other cor•enants and agreements contained in lhis Security Instrument, or there is a legal proceeding thai may significantly affect Lender's rights in the Proper[y (sueh as a groceeding 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 rhe Propc:rty, inciuding payr►xent of taxes, ha2ard insurance and other items mentioned in paragraph 2. Any amounts disbursed by Lender under this paragraph shall become an additional debt of Borrower and be secured by this Securi[y instrument. These amounts sha21 bear interest from the date of disbursen2ent, at the 1Vote rate, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly dischazge any lien which has peiority over this Securiry Instrument unless Borrower: (a} agrees in writin� to the payment of the obligation seeuzed by the lien in a manner acceptable to Lender; (hj contests in �ood faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinic�n operate to prevent the enforcement of the Iien; or (c} secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. lf Lender determines that any part of the Property is subject to a lien which may attain priority over this Secucity Instrument, Lend�r may give Borrower a notice iden£ifyina the lien_ Borrower shall satisfy the lien or take one or more of the actions set forth above wi[hin 10 days of the giving of notice. 8. Fees. Lender may coilect fees and charges authoriaed by the Secretary. 9. Grounds for Acceleration of Debt. (a) Defautt. Lender may, except as limited by regulations issued by the Secretary, in the case of payment defaults, reqaire immediate gayment in full of all sums secured bv this Security Instrument if: (i) Borrower defaults by failing to pay in iull any monthly payment required by this Security Instrument prior to or on the due date of the next monthiy payment, ar (ii) Borzower de�'auits by failing, for a period of thizty days, to perform any other obligations contained in this Securitv Instrument. (b) Sale Without Credif Appraval. Lender shall, if permitted by applicable Iaw (including Section 341(d) of the Garn-St. Germain Depository Institutions Act of 1982, 12 U.S.G 1701,1-3(d)) and with the prior approvaI of the Secretary, require immediate payment in fulI of all sums secured by this Security instrument if: ,�.� r � , / �.1-OQ0204 �nsua�s:_��1 _� �-4NtNE1 �oao�� Page 4 of 8 0