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�0110330� abandoned Property. Bonower sha11 also be in default if Bonower, during the loan application process, gave materially false or ina.ccurate information or staxements to Lender (or failed to provide Lender with any material information) in connection with the loan evidenced by the Note, including, but not limited to, representations concerning Bonower' s occupancy of the Properiy as a principal residence. If this Security Instrument is on a leasehold, Bonower shall comply with the provisions of the lease. If Bonower acquires fee title to the Property, the leasehold and fee title sha11 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 sha11 be paid to Lender to the extent of the full amount of the indebtedness that x�___�n� unpaid under the Note and this Security Instrument. Lender shall apply such proceeds to tbe reduction of the indebtedness under the Note and this Security Instrument, first to any delinquent amounts applied in the order provided in pazagraph 3, and then to prepayment of principal. Any application of the proceeds to the principal sha11 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 a11 outstanding indebtedness under the Note and this Security Instrument sha11 be paid to the entity legally entitled thereto. 7. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower sha11 pay a11 governmental or municipal charges, fines and impositions that are not included in paragraph 2. Bonower sha11 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 Bonower sha11 promptly furnish to Lender receipts evidencing these payments. If Bortower fails to make these payments or the payments required by paragraph 2, or fails to perform any other covenants and agreexneirts contained in this Security Instrumern, or there is a legal proceeding that may significantly affect Lender' s rights in the Properiy (such as a proceeding in bankruptcy, for condemnarion or to enforce laws or regtilations), then Lender ma.y do and pay whatever is necessary to protect the value of the Property and Lender' s rights in the Property, including payment of taxes, ha7ard insurance and other items mentioned in pazagraph 2. Any amounts disbursed by Lender under this pazagraph sha11 become an additional debt of Bonower and be secured by this Security Instrument. These amounts sha11 bear interest from the date of disbursement, at the Note rate, and at the option of Lender, sha11 be immediately due and payable. Bonower sha11 promptly discharge any lien which has priority over this Security Instrument unless Bonower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement 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, Lender may give Borrower a notice identifying the lien. Bortower sha11 satisfy the lien or take one or more of the actions set forth above within 10 da.ys of the giving of notice. 8. Fees. Lender may collect fees and chazges authorized by the Secretary. 9. Grounds for Acceleration of Deb� (a) Defaul� Lender ma.y, except as limited by regulations issued by the Secretary, in the case of payment defaults, require immediate payment in fu11 of all sums secureti 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 the 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 5ecurity Insirwment. (b) Sa1e Withont Credit Apprnval. Lender shall, if permitted by applicable law (including Section 341(d) of the Garn-St. Germain Depository Institutions Act of 1982, 12 U. S. C. 1701 j-3(d)) and with the prior approval of the Secretary, require immediate payment in full of a11 sums secured by this Security Instrument if• 2200122106 D V�1NNE i��ueis: ' �'G VMP�-4N4NE) (04071.01 Pege 4 of B �