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<br /> ubaudanad Propecty. Dorrawer shnli �lsa be in default if Borrowar, during die loan application proccss, p.ave �,�_y
<br /> �,f,�,� matarlally false or Inaccurato informntion ar statcmcnts ta I.ender (or fatled ro provide Lender with nny material -�-
<br /> iuformlti�n) in connecdon with the lonn evideneed by the Note, including, but not limited tu, representations �`';-
<br /> �{ conaeminB Bonower's occupancy of thn Proper.ty as a principal residence. If this Security Instrument Is on a =�
<br />- ----�-�� lensehold.Bonower shell comply with tho prc�visfvns of the lease. If Dorrower acc�uires fee title ro the Property, the �°
<br /> . , lettsehold ancl fee title shall not be merged unl�sa 1L.Gndsr agrees to thc merger in writins. �
<br /> ' � 6.Cai�demnatian.rhe procceds of nny awurd or claim for damage3,direct or consequcntial,in connection with �-
<br /> �; any conde[anation or other taking of uay purt of the Property, or for conveyance in place of condemnation, aze
<br /> 4>' hereby assigned and shall be paid to l.ender to�hr�cxeent of the full amaunt of the i�debteilness chat remalns unpaid
<br /> .� • • �� under tho Note and thls 5ecurity iustrumcut. Lender shall �pply such praceeds to the reductian of the indsbtedness
<br />- undcr the Notc and this Seciuity Instnimcnt, fiist to aay delinquent amounta applied in tha order provided in
<br /> �-�`� � parapraph 3,and then to prepaymea[of princi,pal. Any upplication of the proceeds to the principal shall aot extend or
<br /> _ poamane the due dacc of the monthly puymeats,which are refened to in paragraQh 2,or cdange the amount of such
<br /> paymenta. Aay excess ptoceeds over an amount required to pay all outatending indebtedness under the Note and this �
<br />�;•<�;t:�-'', , Securlty Inatrument sriall be paid to the cntity leaully entitled thereto. —
<br /> �. 5,�;' :. 7. Charges to Borrower and Prate�ttou� of Let�der's Rights !n the Property. Borro�vcr shall pay nll __
<br />'•;,;t'�''��'.-.' govsramr.ntal or muxucipal charges, fines and in�gasitions that are not included in paragraph 2.Barrower shall pay
<br />, i�} these obligntlons on tlme dircctly to the entity which is owed the payment. If failure to pay would adversely affect —.
<br /> LandePs intenst in the Property, upoa Lendex�'s request Bonower shall prompdy fumish to I.ender rtceipts a-�
<br /> �'�'.. � � _
<br />_� i; ;; ' � evidencing these paymr,uts. -
<br />-�'�''�'� If Borrower fails to make thcse paymencs or tlie paym�nts required by paragraph 2, or fa�ls to perforna��other �,,
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<br /> ,.,.�-'sy->:-- �,.an:at•w sn�agree!neeta cnntainui in thie 5ecurlry Instrumettt.or there is a legal ptoceeding that may signifacandy
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<br /> ;=�,.• affect I.ender's rights in the Property(such as a proueedieg in banlauptcy, for condemriadon or to enforce laws or
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<br /> _•'�.y,R,- re�ulattons). Wcn L.�ndez may do and pay whazever is ncxessary to protect th�valua of t4� Property snd I.en@er's =__
<br />_:;�;;�,�; rightx in the Property.incEudin�payraent of taxes.hezard insurance and other items meniioacd in parugrnpli i.
<br /> :o�;f�;; �' My amounta disbursed by Lender und.er this paragraph ehall become an additioaal debt of Bonowea and be
<br /> �����" secured by thia Security Insuument.These auzounta ehal!bear intarest from the dat�e of dishursement.at the Note rate,
<br /> _---�'+�.�.1
<br /> -__� � ancQ at tha option of I.endar,ahall ba ia�mediately due and payable.
<br /> _�,W�= Borrower shall prornptly discharge any Ilcs� which bas prlorlty over this 5ecl:rlty Inswment unlesa Borrower:
<br /> -�--�— . (a) agre�s in writln� to cLe payment of Wo obli�tion secured by the lien in a n�anner acceptable to L.ender; (b)
<br /> contescs in good faith the lien by. or defends agai�st enforcement of the lien in, legsil prcxeedings which in the
<br /> __ I.ender's opinioa operate to pnvent tho cAforcemeut of the lien; or (c) secures from�he holder of tlte liea an
<br /> agreement satcsFactory to Lender aubordinatirng the li.n ro this Security Iasmiment. If Lender determinea that any part
<br /> --' of the Property ie subjcct ca►a lien which aiay nttain prioriry over this Security Insuument,Lender may give Bomower
<br /> a noucc identlfying the lien. Honowcr shs�ll �atisfy tlia lien or take onc or more of the actlons s�t forth above withia
<br /> , 10 days of the giving of notice.
<br /> __� g,Fees.Lend�r may collewt fees and charges aut�orized by the Secretary.
<br /> � 9.Grounds tor AccderaHon ot Acbt.
<br /> ` _— (a) Ik�sult.Lender a�ay, except as limicod by rcgulatious issued by the Sec�ia�y. in the case o p�y�.ut °--
<br /> defaults.requJre�mmedtate puyraant in full of all sums secured by this Sccuriry Instn�ment if:
<br /> (i)Borrower defaulte by failing to pay ian�ull any monthly payment a��equired by tWs Security dnst�ument
<br /> prior to or om the duo dute of thc neat monthly psyment,or
<br /> (ii)Borrowcr defaults by failing.for a pedod of tl�irty days,to perfotm any other obligations contaiaed
<br /> .---- III t�118 SCCUT�i}i�116L[lIiILRAI.
<br /> � (b)Sale With�►�eE�redtt Approval.[.endcr shall, if percaitted by applicsble law(including Section 341(d)
<br /> � - � oE tho Gam-St. Germniu Depository Institucfons Act of 1982, 12 U.S.C. 1701j-3(d)) and with the �rfor
<br /> -- apptov�l of th+�Secretary, requira iinmediate payment in full of all sums secured by this Security Instrument
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