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i ;' - f' � : ` ,I circumstances. Bonower 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 Properly if the Property is vacant or abandoned or the loan is in default. Lender may ta.ke reasonable action to protect and preserve such vacant or abandoned Property. Bonower shall also be in default if Bonower, during the loan application process, gave materially false or inaccurate information or statements 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 Property as a principal residence. If this Security Instrument is on a leasehold, Borrower shall comply with the provisions of the lease. If Borrower acquires fee ritle to the Property, the leasehold and fe,e title shall not be merged unless Lender agrees to the merger in writing. 6. Condemnation. The procceds 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 shall be paid to Lender to the extent of the full amount of the indebtedness that remains unpaid under the Note and this Security Instrument. Lender sha11 apply such prQr,eeds to the reduction of the indebtedness under the Note and this Se.curity Instnunent, first to any delinquent amounts applied in the order provided in 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, 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 S�urity Instrument sha11 be paid to the entity legally entitled thereto. 7. Charges to Borrower and Frotection of Lemter's Rights in the Property. Borrower shall pay a11 governmental or municipal charges, fines anct imposirions that are not included in pazagraph 2. Borrower shall pay these obligations on time dire,ctly to the entity which is owed the payment. If failure to pay would adversely affect Lender's interest in the Properiy, upon Lender's request Borrower shall promptly furnish to I,ender re,ceipts evidencing these payments. If Borrower fails to make these payments or the paymeirts required by paragraph 2, or fails to perform any other covenants and agreements contained in ttus Securiry Insmiment, or there is a legal proceeding that may significantly aff�t Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regvlations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Progerty, including payment of taxes, hazard insurance and other items menrioned 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 ra.te, and at the oprion of Lender, shall be immediately due and payable. Bonower shall promptly dischazge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of ttte obligation se,cured 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 Insmiment. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lencter may give Bormwer a notice idenrifying the lien. Bonower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of norice. 8. Fces. Lender may collect fees and chazges 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 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) Borrower defaults by failing, for a period of thirty days, to perform any other obligations contained in this Security Instrument. FHA Deed of Trust-NE 4/96 V�P � VMP4R(NE) (0809) Wolters Kluwer Financial Services Page 4 of 9 L �' �`�