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201iO407� 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 ma.y take reasonable action to protect and preserve such vacant or abandoned Property. Bonower shall also be in default if Borrower, during the loan application process, gave inaterially false or inaccurate information or statements to Lender (or failed to provide Lender with any material information) in connecrion with the loan evidenced by the Note, including, but not limited to, representations concerning Bonower's occupancy of the Property as a principal residence. If this Se,curity Instrument is on a leasehold, Bonower shall comply with the provisions of the lease. If Borrower acquires fee ritle to the Property, the leasehold and fee ritle 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 consequenrial, 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 sha1l be paid to Lender to the extent of the full amount of the indebtedness that remains vnpaid under the Note aud ttris 3ecurity Instrument. Lender shall apply such proceeds to the reduction of the indebtedness under the Note and ttus Se,cutiry Instrument, first to any delinquent amounts apglied in the order provided in paragraph 3, and then to prepayment of principat. Any application of the procceds to the principat shall nat extend or postpone the due date of the monthly payments, which are referred to in paragraph 2, or change the amouut of such payments. Any excess praceeds over an amount required to pay all outstanding indebtedness under the Note aa�d this Security Insmunent shall be paid to the entity legally enti:tied thereto. 7. Charges tcr �orcower and Protect�ion of Lender's Rights in the Property. Bonower shall pay all governm�ntal or municigal charges, fines and impositions that are not included in paragraph 2. Borrower shall pay these obligatiogs oa time directly to the e�rity which is owed the payment. If failure to pay would adverseiy affect Len�er's interest ia the Property, upon Lender's request Borrower shall gmmptly furnish to Lender receipts evidencing the.se p�yments. If Borrower fails ta make these payments or the pa.yments required b�+ paragraph 2, or fails to perform any other covenants and agreements contained in this Se�tt�ity �c.**�tmP or there is a Iegal proceeding that may significantly affect Lender's rights in tt�e Property (such as a groce�ding in banlavptcy, for condemnatioa crr to enforce lav�+s or reguiations), then L,enc�er may do and pay whatever is necessary to prot�t the vatue of the Property and Lender's rights in the Property, including payment of taxes, hazarct insurance and other items menrioned in paragraph 2. Any amounts disbursed by Lender under ttus paragraph shall become an addirional debt of Borrower anct be secured by this Security Instrument. These amounts shalI bear interest from the date of disbursement, at the Note rate, and at the option o€ Lender, shall be immediately due and payable. Borrower stiall promptly discharge any lien vvhich 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 defends agauist enforcement af the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien; or (c) se,cures from the holder of the Iien an agreement satisfactory ta Lender subordinating the lien to this Seeurity Instrument. If Lender determines that any part of the Praperty is subject to a lien which may attain priority over this Security Instrument, Lender may give Bonower a norice identifying the lien. Borrower shall sa.tisfy 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 charges authorized by the 5ecretary. 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) Borrower 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 Security Insmament. FHA Dead of Trust-NE 4/98 VMP � VMP4R(NE) (0809) Wolters Kluwer Financial Services Page 4 of 9 C �_ � 9