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Pz11111x1ci% abandoned Property. Borrower shall also be in default il' Borrower, during the loan application process, gave materially false or inaccurate information or statements to Lender (or tailed to provide Lender 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, li' this Security Instrument is on a leasehold, Borrower shall comply with the provisions of the lease. II' Borrower acquires lice title to the Property, the leaselold and lee title shall not be merged unless Lender agrees to the merger in writing. G. 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 Properly, or for conveyance in place of condemnation, are hereby assigned and shall be paid to Lender to the extent of-the fu[I amount ofthe indebtedness that remains unpaid under the Note and this Security Instrument. Lender shall apply such proceeds to the reduction of the indebtedness under the Note and this Security Instrument. l'irst to any delinquent amounts applied in the order provided in paragraph 3. and then to prepayment of principal. Any application ol'the proceeds to the principal shall not extend or postpone the due date of' tile 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 Security instrument shall he 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, lines and impositions that are not included in paragraph 2. Borrower shall pay these obligations on time directly to the entity which is owed the payment. II' lailurc to pay would adversely afl'ect Lender's interest in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower tails to make these payments or the payments required by paragruph 2, or fails to perform any other covenants and agreements contained in this Security Instrument. or there is a legal proceeding that tnay significantly affect Lender's rights in the Properly (such as a proceeding 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 Properly and Lender's rights in the Property, including payment of taxes. hazard 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 Security Instrument. These amounts shall bear interest from the date of disbursement, at the Note rate, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (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 derends 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 idcntilying the lien. Borrower shat[ satisfy the lien or take one or more of the actions set larch above within 10 days ol'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 ofall SLIMS secured by this Security Instrument if: (i) Borrower defaults by flailing to pay in lull any monthly payment required by this Security InstrumenL prior to or on the due date of the next monthly payment, or (ii) Borrower defaults by failing, fir a period of* thirty days, to perform any other obligations contained in this Security Instrument. (b) Sale Without Credit Approval. Lender shall, it' permitted by applicable law (including Section 341(d) of the Garn -St. Germain Depository Institutions Act of 1982, 12 U.S.C. 170IJ -3(d)) and with the prior approval of' the Secretary, require immediate payment in full of all sums secured by this Security Instrument 2011 - 1748241 100049700011788169 v LL) cl10 qmg 8124 ir, t;as.'a �Q VMPCI- 4N(NE) (0407).O1 Page 4 of e