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<br /> abandoneat Property. Borrower ahall also be in defnult if Bonower. duting the loan applicatton proass, gave ���
<br /> materially false or inuccurate lnformation or statemeats to Lender(or failed to provide L,ender with any waterlal
<br /> •r��' fnformatlon) in connectton with the loan evideaced by the Note, including, but not llmited to, representations
<br /> conceruing fiorrower's occupancy of the Propecty as a princlpal rEStdence. If this Security Instrum.nt ls an a
<br /> �.;�° • lemsehold, Bnrrower shall comply with the provlslons of the lease. If Boaower acquires fee title to the Properry. the
<br /> - . �,� leasehold and fee titic sha11 not be mergeci wiless Ixnder agrees to the mcrgcr in writlns. -:,
<br /> •': ��•,� 6.CondemaaHon. Tl�e proceeds of any awazd or claim for damages,dimet or consequeatial,in connection with �
<br /> �• efr�
<br /> ' ��� � any condemnadon or ot�er taking of any part of she Properry, or for coaveynnce in pince of condemnadon, aze __
<br />"':f_'�:,f.r,.z. � henby assigncd and shall be paid to Lender to the extent of the full amount of the indebtedness that re[natns unpaid �
<br />�-�?"�:�":'°>,� � under the lVote and this Security Iasuument. Leader shall epply such proceecls to the reductlon of the indebtedness _
<br /> -��-;"' under the Note and this Securiry Insmement. first to any delinqnene amounts applied in the order provided in
<br />�W��*°�:�' � pazagraph 3,and then to prepayment of principal.Any application of the proceeds to the principal ahall not extend or
<br />``��.rF"• ���� � postpone the due date of t�e n�ontWy payments,which are refened to in paragraph 2, or change the amount of sucA –
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<br /> �;_Y„��;:,- • payments. Aay excess proceeds over aa amount required to pay al]outstanc4ing indebtalness under the Note And s
<br /> - • �• ' � Securtty Insuument shall be Paid to ttae entIty legally eatitled tl�ereto. _
<br />--�'�°`a"``---= 7. Cherges to Ibrrowcr and Protectlon of Lender's Rights fa the Property. Bonower ahall pay all
<br /> � ��"�'4�.� governmental or municipal chazges, fines aad impositions that are not included in paragrapu 2. Borrowcr shall pay __
<br /> ---- these obligations on dme dlrectly to the endry which is owed the payment. If failure to pay would adversely affect
<br /> � :�"'� Leader's iuterest in the Progerty, ugon I.ender's request Borrower shell promptly furnish to Lender rec�ipts
<br /> -::�� evidencing these payti�ents. •-
<br /> If Borrower fails to malce these payments or the payments required by paragsaph 2,or fa}1�s to perform any other
<br /> _ �. covenants und agreemeats contained in this Secudty Instrumeat,or there ie a legal procecding that may slgnifleaudy
<br /> � ----- affect Lender's rights in the Property(such as a procceding in banlmiptcy, for condeninatlon or to enforce lawa or _
<br /> — regulations),then L.eader may do and pay whatever ia necessary to pro[ec� rne vaiuo oi iuo Fiuj,�a�y�,d I-�'nd�r's �
<br /> --- . dghts in the Property,including paymeat of taaes, hazazd insurance and other items mentioncd in pazagraph 2.
<br /> ----- Any Amounts disbursed by Lcnder under this paragraph shall become an addidonsl debt ot Bonnwcr and be
<br /> ' seGUal by this Security fastiumant. These amounts shall bear interest from the date of di.9biusement, at the Note
<br /> ' rate,and at the option of Leader,shall be immedlately due and payable.
<br /> _; Borrower shall promptly discharge any lien which has prioriry over this Security insm�ment ualess Boaower:
<br /> , (a)agrees in wrldng to th� paymcat of the obligation Fecured by the liea in a manner accoptable to I.endcr; (b)
<br /> contasts in goad faith the liea by, or defends against enforcement of Wc lien in, legal proce.edings which In the
<br /> Lender's opinion operate to prcvent the enfoncment of the lien; or (c) secures from tha hold�r of the lien aa
<br /> _ agreement sadsfactory to[,cnder subordinntinE the lien to this Securlry Insuuument.If Lender determlaes that any part
<br /> of the I'coperty is subject to a Ilen which may atta�n prlority over this Security Instrument, Lender may givc
<br /> Bormwer a notice identifying the lien. Borrower shall satisfy the lien or take one or mon of the acdons set forth
<br /> above within 10 days of the giving of notice.
<br /> 8.Fees.Lender may collect fees and charges authorized by the Secntac�►.
<br /> 9.Groun�b[or AosdcrKtton of Debt.
<br /> (�)De[auit.Lender may,except as limited by regulations issucd by tha Secretary, in the case of paymcnt
<br /> defaults,requfre lmmaliate pay-menz in full of all sum.s securcd by this Security Iasaumeat if:
<br /> , (i)Borrowor defaults by failing to pay in full eny monthly paymcnt required by this Security Instrument
<br /> prior to or on the duc date of the next monthly payment,or
<br /> — (ii)Borcower defas�lts by failing, for a period of thirty days,to perforax any other obiigadnns cantained
<br /> � in this Security Instrument.
<br /> (b)Sate dVithout Credit Approv�l. Lensier shald, If permitted by applicabla law(includ{ng Section 341(d)
<br /> of the Darn-St. Getmain Depository Instite�dons Act of 1952. 12 U.5.C. 1701j-3(d))and with the prior
<br /> _ . approval of the Secretcicy,require immediate payment in full of all sums se�ured hy thie Secvrlty Insuvment =-
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