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201103645 abandoned Property. Borrower shall alsa be in default if Boaower, during the loan application process, gave materially false or inaccurate information ar statemenYs to Lender (or faile� to provide Lender with any material information) in conne�tion with the loan evidenced by the Note, including, but not limited to, representations concerning Boa�ower' s ocxupancy of the Properi}+ as a principal re.sidence. If this Security Instrument is on a leasehold, Borrower shall comply with the provisions of the le,ase. If Borrower acquires fee title to the Properiy, the leasehold and fe� tifle sball not be merged unless Lender agrces to the merger in writing. 6. Condemnation. The proc�ls of any award or claim far damages, direct or consequential, in conneckion with any condeamation or other taking of �y pazt 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 aznount of the indebte�iness that remains unpaid under the Note and this S�urity Instrument Lender shall apply such proceada to the re�uction of the indebtedness under the Note and this Saeurity Inshwnent, first to any delinquent amounts applie� in the order provided 'm 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, wluch are referre� to in paragraph 2, or change the amowrt of such payments. Any exc�s proceeds over an amount required to pay all 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 all governmental or nmmicipal charges, fines and impositions that are not includ� in paragraph 2. Bonowea shall pay these oblig�ations on time directly to the entity which is owed the payment. If failure to pay would adversely affect Lender' s interest in the Property, upan Lender' s request Boaower shall promptly fumish to L�der receipts evidencing these payments. If Borrower fails to make thesa payments or the payments requirad by paragraph 2, or fails to petform any other covenants and agreements contained in this Security Instrument, or there is a legal pra�eding that may significantlY affe�t Lender' s rights in the Properiy (such as a proceeding in bankruptcy, far condemnation or to enforce laws or regulations), then I.ender may do and pay whatever is necessary to protect the value of the Property and Lender' s rights in the Property, including payment of taxe.s, hazard insurance and other items mentioned in paragraph 2. Any amotmts disbursed by Lender under this p�h shall be�ome an additional debt of Botrower and be g�� g $�� Tnatrnm� These amounts shall heaz inte�est from the date of disbursement, at the Note rate, and at the option of Lender, shall be imanediately due and payable. Borrower shall promptly discharge any lien which has priority over this Se�urity Instrument unless Borrower: (a) agre� in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in goad faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender' s opinion operata to prevent the enforcement of the lien; or (c) se�es from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Inshvment. 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. Bonower sball satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. & Fees. Lender may calle,ct fees and chazges authorized by the Secretary. 9. Groands for AcceleraHon of Deb� (a) Defanl� Lender may, except as limited by regulations issued by the Secretaiy, in tha casa of payment defaults, require immediate paym�t in full of all sums secured by this Security Instrument i� (i) Borrower defaults by failing to pay in full any monthlY PaYment r�uu'ed by this Security Instiument prior to or on the due date of the next monthly payment, or (u) Borrower defaults by failing, for a period of thiriy days, to perform any other obligations contain� in this Security Instrument. (b) Sale Withont Crecbit Approval. Lender shall, if permitted by applic�ble law (including Section 341(d) of the Garn St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior approval of the Secretary, require imme�iiate payment in full of all sums secured by this S�urity Instrument if 2200i31403 n v4x� i� � VMPC�-4N(Nq (oao�i.o� Pa¢e a o� a �/� ��