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20�10475� abandoned Properiy. Borrower shall also be in default if Borrower, during the loaa application process, gave materially false or inaccurate information or statements to Lender (ar failed to provida Lender with any m�l info�ation) in c�mection with the loan evidenced by the Note, including, but not limite� to, representations concerning Bonower' s occupancy of the Prope�ty as a principal residence. If this Sec��rity Inshinnent is on a leasehold, Borrower shall comply with the provisions of the lease. If Bonower acquires fea titla to the Property, the leasehold aad fee title sha11 not be merged unless I.ender agrees 4o tha merger iri writing. 6. Condemnation. The proc�eds of any award ar claim for damages, dire�t or conse�uential, in connection with any condemnation or other taking of any pazt of the Progerty, or for conveyance in place of condemnation, are hereby a�igned and shall be paid to Lendet to the extent of tha full am�unt of the indebtedness that remains impaid under the Note and this Security Instmm�ent Lender shall apply auch proceeds 4o the reriuction of th� �ndebtedness under 4he Note and this Se�urity Instntment, first to any delinquent amoimts applie� in the order provided in paragraph 3, and then to prepayment of principal. Any application of the proceeds to the principal ahall not extend or Postpone the due date of the monthlY PaYm�� which are refened to an paragraph 2, ar change the amount of such PaYmffits. Any excess procee�s over an amowrt required to pay all outstanding indebtedness under the Note and this Se�urity Instrument shall be paid to the entity legally entitled thereto. 7. Charges to Borrower and ProtecLion of Lender's Rights in the Property. Borrower ahall pay all governmental or municipal charges, fines and impositions thtiat are not included in p�h 2. Bonow� shall F$Y these obligations on time directly to the entity wluch is owed the payment. If failure to pay would adversely affec:t Lender' s interest in the Property, upon Lender' s request Borrower shall PromPttY furnish to Lender receipts evidencing these payments. If Bonower fails to make th�e payments or the payments require� by paragraph 2, or fails to perform any other covenants and agreements contained in this Security Instrument, or there is a legal Pr�g ��Y ��Y affect Lender' s rights in the Properiy (such as a proceading in bankruptcy, far condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of tha Property and Lender' s rights in the Property, including payment of taxe.s, ba�rd insurance and other items mentioned in paragraph 2. Any amounts disbursed by Lender under this paragraph shall becomo an additional debt of Boaow� and ba se�ed by t1�is Security InstrUmen� These amoimts shall bear interest fiom the date of diabursemeat, at the Nots rate, and at the option of Lendar, shall ha ivmnediately due and payable. Hoa�ower sha11 PromP�Y ��'� �3' lien which has priority over this Security Instinunent unless Bonower: (a) agrees in writing to the payment of the obligation se�u�ed by the lien ia a manner acceptable to Lender; (b) ca�ntests in good faith the lien by, or defends against enforcement of tha lien in, legal pra�lings which in the I.ender' s opinion operate to prevent the enforcement of the lien; ar(c) se�ures from the holder of the lien an agreement satisfactory to Lender subardinating tha lien to this Se�arity Instrument. If Lender dete�ines that any part of the Property is subje�t to a lien which may attain priority over this Security �ent, L�der may give Bonower a notice identifyu►g tha lien. Hoirower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. 8. Fees. Lender may collect fees and charges authorizefl by the Secretary. 9. Gronnds far Accelerat�ton of Deb� (a) Defanl� Lender may, except as limited by regulations issued by the Secretazy, in the case of payment defaults, re�uire immediate payment in full of all sums secure� by this Security Instrument if (i� Boa�ower defautts by failing to pay in full anY monthlY PaYment reciuu'ed bY this S�rity Ins�t�ent prior to or on the due date of the next monthly payment, or (u) Borrower defaults by failing, far a period of thirty days, to perform any other obligations contained in this Security Instcument. (b) Sale Withont Credit ApprovaL Lender shall, if permitteri by applicable law (including Section 341(cn of tha Gam St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior approval of the Secretary, r�uire immediate payment in futl of all sums se�ured by this Security Instcument � 2200140217 D V4NNE i� � VMPG��4N(Nq (04o�l.ot Pege 4 of 8