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<br /> abandoned Property. Bnrrowcr shall also be in default if Borrower, during the IQan application process, gavc :��_
<br /> --- --i"� materially false or inaccurnte infforraation or etateunats to Lender(or feiled to pmvIde L.ender with any material ?�_.
<br /> lnformation) in wnnxtioa tvith the loan evidenced by the Note, including, but not limited to, representations , �.
<br /> concerning Bonower's occupsm.cy of the Property as a principal residenca. If this S e cu dty i n atsumen t is on s r
<br /> ' leasehold, Bonower shall comply with the proviaions of the lease.If Bonower acquires fee title to thc Property�tlie - �-
<br /> ',�.;:_
<br /> ~,;�,,,;• , leauhold and fee titlo shall not be merged unless L.ender agrecs to the mcrgcr iu writing. _
<br /> ;.'_,'J.;.;,� . 6.Condcmnutlon.The proctxds of any a�vard or clafm for demeges,direct or oonacquential,in connection with
<br />=-^t�{'`�.;�~ any condemnadon or oWer taking of any part of the Pto�►arty, or for conveyance in place of condemnatlon, Are -
<br />`ti��Y7,:: hereby assigned and shall be paid to Lender to the extent af dio full amount of the indcbtedness that romnins unPaid
<br /> : � ..�. under the Notc and this Securiry Instnuneut. Leader shall apply such praceeds to the reduction of tho indebtedneas �
<br />-._y-`+�t:�� under the Note and this 5ecuriry Instnunent, first to az►y deliuquent amount�s applied in the oralcr provided in
<br /> " • � � paragraQh 3,and then to prcpayment of principal. Any applicndon of the proceeda to the principal shull not eatend or --
<br /> ==.ri�,,y,�,` postpone the duc date of the�nthly payments, wh;ch are refcrred to in paragraph 2. or change th�amouat of auch
<br /> _-_�,.:.._
<br /> n paymenta. Any excess proccede over en amouat required cn pay all outetanding indebtedness under tl�o Noto aa s
<br />- _.��.��� Security Insuument ahall be paid to the eutlt�+legally entided thexeto. ���,�fihall a all
<br /> ' -`�"' 7. Clu�rge.s to BocTawer �nd Protectlon of I.ender's Rights in the Properly. P Y
<br />-_"���r�..,r-- .
<br /> goveramental or munlcipal chaxges.fines and im�ositions that are not included in paragraph 2. Box'rower sball pay
<br /> �- these obligatiuus on time dirxtly to the entity which is owed the payment.If failure to pay would adversely affecc
<br /> _._.:_:��;
<br /> ��� -�• y I.ender's interest in the ProF►erty, upon I.endor's request Boaower shall promptly fumie6 to Lender receipts
<br /> -.A-;� evidencing these pAyments.
<br /> _-{.�-• � .. � rrd hv naraaranh�.or fails to ptrform RAY o111Ci
<br /> - -- tf ltormwer iaiIs io maSic iucx Nay'al�nis o;tht gs;m_nts'-'^-�.�----. .
<br /> -i�,'`��;� covetsants and agraments containal ln this Security Insttumeat, or there is a legal proaeding that may sigaiticantly
<br />-''�„4;�� aftec3 I.ender'e r�ghte ia the Property(such as u proce�dln8 fu bankruPtcy,for cflademnatton or to eafone lawa ox•
<br /> -;;'z;;�'� regulations), thea Leader may do and pay whatever is nzcessery to protxt ttte valun of the Properiy amd Ltndcr's
<br /> ----- rlghte in the Pr�perty,including payment of taxes,haz�rd lnsuranoc and other items menttoned in paragraph 2.
<br /> -.--- Any smouats dlsbursed by Lender under tbis paragraph shall becomo an eddltional debt of Borrower and be
<br /> --°°—. socu;ed by thie Socurity Insuument.These amounte shall b�car lnterest from the date of dlsbursemeat,at the Note rau.
<br /> ---- and at the optioa of I.ender.shall be immediately due and payeble.
<br /> -- Borc+nwer ahtill promptly discharge any lien which has priority over thia Security Instrument unless Borrower:
<br /> (a) agras in wr[ting to the ps►yrnent of the obligation secured by the liea ia a manner acceptable to Lender; (b)
<br /> contest� in good faith tUe liea by, or dafends against enfor�ement of the Ilen in, legel procad'.�ge whlch dn the
<br /> Lender's opinion operate to prevent tht enforcemesit of tLe lien; or (c) secures fram the holder of the lien aa
<br /> agrecmcnt aatiefactory to I.ender subordinating tho lien ro thls Securtty Insuument.If Leader deurmines that any part
<br /> of the Property is subject to a liea whlch may attaln priodty over this Securlry InstNment. 1�ender may give Borrower
<br /> a notice idenNfying the liea. Borrower shall eaHsfy the lien or eake one or more of Wo ections set€arth above withln
<br /> 10 days of We giving of noticc.
<br /> B.Fas.Iander may collect foes anA charges authorfzed by the Secretsry.
<br /> ,.��. 9.Grounds[oc Accelcrattan of Debt. -
<br /> -_ — (Q)Ik[ault. Lender may.cacepi as limited by rogulations issued by the S�crttsry.ia tha case of payment
<br /> W defaulta,require immediate puyment in tiill of ell sumc atc�u+ed by thia Security dn�tnubent if:
<br /> ' (i)Borrowcr defaults by fallin$to pay ia full aay moathly payment requlral by this Sr,curity Instrument •
<br /> ' prior to or on the due date of the aeat monthly paymeat.or
<br /> (ii)Borrow�r defaults by failing,for a pedod of thicty days,to perfocm eay other obligedons oantaiaed
<br /> -- in this Secur(ty Ltstrument.
<br /> (b)Sale Without CreclIt Approvnl.Lender ehall,if pemzittal by applicable law(including Secdon 341(d)
<br /> - ----- of the Gam-St. Germain Depository Insdtutions Act of 1982, 12 U.S.C. 1701j-3(d)) nad with the prEor
<br /> _��-�,,,�--�� approval of the Secretary,require immediaee paymenc in full of all sums secura�by thin Security[nstnm�ent
<br /> _.�;:•'�� if:
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