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<br /> 3t� abandoned Pro Bozrower ahall alao be in default if Bonowcr, durin che loan a lication rocess, gave !�
<br /> .'_,��%,_.�`� � P�nY• B PP P
<br /> materially false or inaccurate informatIon or statements to L,cnder(or f�iled to pmvide I.ender with any material
<br />_� Infotmatlon) in connection with the loan evidenced by the Note, iacluding, but not liinited to, representations� ��
<br /> � . conr�rning Bonower's occupancy of the Properry as a prinsipal residence. If this Security Instrument Is on
<br /> '� leasehold,Borrower shaU comply with the provlsions of the lease. If Bonower acquires fee title to the Property. the ' '-
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<br /> ' leaschold and fee titlo shall not be raergal uuless Lender agcces ro the nierger in wrat�ng. �:.-
<br /> ,p; 6.Condemaatlon.'d'he proceeds af any awazd ot claim for damages,direct or consequential, ia connection with f•�-
<br />' aay condemnation or other taking of any put of the Property, or for conveyance in place of condemuation, are �
<br />��'�':::�;•:,�.� ' henby asslgned and ahall be paid to Lender to the eateat of the full amaunt of the �ndebtedness that remains unpaid
<br />:=r�;r:i;_�t under the Note and this Sxurtty Insu�ument.Lender shull apply such proceeds to the reductian of the Indebtedness K--
<br />_��:;�..��+-; uadar the Noto and thiE Sccurity Insttument, first to any delinquene auiouuts appllecl In tUe order provided in E�:
<br />•:�;•'+�u pazaSraph 3.and tlten to prepaymeut of pr[ncipal.Any application of the procads to the principal shall aot extend or �-
<br /> '� �' postpone the due date of the monthly payu►enta. which are refeired to in paragraph 2,or ct�ange the awount of such =
<br />_-�T'ra:�;'� �' paymente. alny excess proceeda ovc�r.n atnount requircd to pay ada outstanding Indebtedness u�der the Note and this �"
<br /> ,-�:���=�;.•'� Secudty In�trument shall be paid to the endty legally entitled thereta. �;„
<br /> - ' " . 7. Cb�ar�es to Borrower and Protectton of Leader'a �tlghts lo �ha Property. Boaower shall pay all �-
<br /> y'' govemmental or municipal chuges, fines and imposidons that are not inclu�led in paragraph 2. Bonower shall pay
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<br />:;;,,,�1,?uf these obligations on time direcdy to the entity which is owed the paytnent. If failure to p�y would adversely affect �A
<br /> ='°'�'y—�— � I.ender's intcreat in tha Property, upoa Lender'a request �orrower shall prompdy furnish to L.ender receipts ---
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<br /> �• �,; evidencing these payraents.
<br />,��, .�y��„" If Boaower fails to make these payments or the payyment�nqulted by paragraph 2,or f�ils to perform tu�other �`_
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<br />—_.._.�..�`; wvcuaui�iw�ng�cciuui&�3Ai&L�w i�iuls �. ��•.�sm�cst.,�r�Mir�O O I4ga1 pr�:,.,:,�iag ihat m:�y sigr.itic«n , _—_-
<br /> _ �:°''��:�., affect I.endar's rlghte in the Properry (such aa a prncadiug In bankcuptcy, for condemna4ion or to enforce lawe or -
<br /> ___--_- � ngulations), then I.ender may do aad pay whntever is necessary to prouct the value of the Proporcy and L.ender's _
<br /> __:�,;�: ; righta in tha Property,including payment of texes.hazard insuranc�and other icems mentlon�d ln parlgraph 2.
<br /> - Any arnounea disbursod by Lender under this paragraph shall bacame an addidoaal de'bt of Bonower aad be
<br /> secured by thls Security Insnument. These amouate shall bear inurest from the date of disburscmeat. at thc Note
<br /> � rate,and at tho option of I.ender.ehall ba immediately due and payable.
<br /> . Borrow�r shall pmmptly discharge uny llen which ha�priority over thia Security Lismiment unlesa Aotcower:
<br /> . (a)a$ras in wriNng to the payment of the obligation securcd by the lien in a manner acceptablo to Leader, (b) -
<br /> contaxs in good f�ith tho lien by. or defenda againet enforcement of the 11cn in, legal proaedinge wuich in tho
<br /> � Leader's opinion operute to pr�vent thc onforc;ment of the lien; or (c) sxurea from the holder of tho I[en an -
<br /> • agmaxat sadefactory to Lend�r enbordinating tho lien to this Security Iastnunent. IP Lcnder determines that any put
<br /> , of the Property ia subJect to a lien which may attain pdorIry over this Security Insuument, Lcnder may give
<br /> . I3orrower a notice identifying the lien. Bortower shall satlafy the lien or take one ot more of the actlons set forth
<br /> -- above within 10 days of the givtng of notice.
<br /> S.Fe�.Lender may collect fe�and chuges authorized by the Secntary.
<br /> 9.Grounds[or AccderaHun of Aebt.
<br /> ----- ' (a) Detanit. Lendex may,except as limited by nguladons issued by ths Secretary, in the case of payment —
<br /> defaults.require immaliate payment in full of all aums aecund by this Secur[ry Inatcument if:
<br /> (i)F3oirowar defaults by failing to pay in fuU any moatlily payment re�uired by ttds Securiry Insrivment
<br /> � prior to or on the due date of the ueat monthly payment,or —_-
<br /> (ii)Bonower default�by failing,for a pedod of thlrty days,to perform eny oth�r obligatfons coatained
<br /> - In thlo Security Instrumeat.
<br /> (�b� SAIe VYithout Credlt Ap�mval.L.end�r ahall,if permitted by applicable law(including Section 341(d)
<br /> of the Garn-Ss. Germain De{►ository Institudons Act of 1982� 12 U.S.C. 1701j-3(d)) and with the prior �
<br />;;�,�;� approval of We 5ecretnry,require immediate paymcnt in full of all suws secured by this Security Instmment —_
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