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�011059�9 abandoned Property. Bonower shall also be in default if Borrower, during the loan application process, gave matcrially falsc or inaccuratc information or statements to Lendcr (or failed to provide Lender with any matcrial 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. lf this Security lnstrument is on a leasehold, Borrower shall comply with the provisions of the lease. If Bvrrower acquires fee title to the Property, the leasehold and fee title shall not be merged unless Lender agrees to the merger in wr'rting. 6. Condemnation. The proceeds 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 undcr thc Notc and this Sccurity Instrumcnt. Lender shall apply such procccds to thc reduction of the indcbtcdncss under the Note and this Security Instrument, 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 pvstpone the due date �f 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 Security Instrument shall be paid to the entity legally entitled thereto. 7. Charges to Borrower and Protection of Lender's Rights in the Property. Borrower shall pay all governmental or municipal charges, fines and impositions that are not included in paragraph 2. Borrower shall pay thcsc obligations on timc dircctly to thc cntity which is owed the paymcnt. If failure to pay would adverscly affect Lender's interest in the Property, upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these payments. If Borrower fails to make these payments or the payments required by paragraph 2, or fails to perform any other covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may signi�cantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, for condemnation or to enforce laws or regulations), then Lender may do and pay whatever is necessary to protect the value of the Property and Lender's rights in the Property, including payment of taxes, hazard insurance and other items mentioned in paragraph 2. Any amounts disburscd by Lcnder undcr this paragraph shall bccomc an additional dcbt of Borrowcr and be secured by this Security Instrument. These amounts shall bear interest from the date of disbursement, at the Note rate, and at the option of Lender, shall be immediately due and payable. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in ��+riting to the payment of the obligation secured 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 subordiaating the lien to this Security Instrument. If Lender determines that any part of thc Property is subjcct to a licn which may attain priority over this Sccurity Instrument, Lender may givc Bono�ver a notice identifying the lien. Borrower 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 collec;t fees and charges authorized by the Secretary. 9. Grounds for Acceler�tion of Debt. (a) Default. Lender may, except as 1'rmited 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 Sectuity 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 lnstrument. (b) Sale Without Credit Approval. Lender shall, if pernutted by applicable law (including Section 341(d) of the Crarn-St. Germain Depository institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior approval of the Secretary, require immediate payment in full of all sums secured by this Security Instrument if: II I I I' IIII I��II I�I I'I I I I� I�II�II I I III I� I� I�I �I �II q03301684742 0233 362 0408 InlUals: �� " � VM P�-4N(NE} toao��.oi Pase a or s