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<br /> abandoncd Propeny. Borrower shaU alsu bc in default if Borrower, during [he loan application process, gave ...�=="`—
<br /> " materially false or inaccurate information or statemems ca L.ender (ar failed to provide Lender wi�h any material =-
<br /> �,.,,..,.- inforniation} in connection with the loan evidenced by the Note, including, bu[ not li►nited co, representations _. -=
<br /> �+,; coneeming Bcrrower's occupancy of the Property as a principal residenee. If this Security Inserument is on a �.�•:;:�e�
<br /> � leasehold, Borrower shall comply with the provisions of the lease. If Borrower acquires fee tide to the Property, the r_
<br /> lcasehold and fee ticle shall not be merged unless Lender agrces to the mcrger in writing.
<br /> 6.Condemnatlon.The praceeds of any award or claim for damages, direct or consPyuential, in connection with
<br /> any condemnation or other takitig of any part of the Propccty, or for conveyance in place of condemnation, are
<br /> hereby assigned and shall be paid to Lender to the extcnt of the full amount of thc Indebtedness that remains unpaid
<br /> under the No[e and this 5ecurity Instrument. Lender shall apply such praceeds to the reduction of the indebtedness _
<br /> under the Note and this Security Instrument, first to any delinquen[ amounts applied in the order provided in
<br /> paragraph 3,and then to prepaymenc of principal. Any application of the proceeds eo che principal shall not extend or .-
<br /> postpone the due date of the monthly payments, which are referred to in paragraph 2, or change the amount of such
<br /> payments. Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and this -
<br /> Security Instrsment shall be paid to the entiry legally entitled thereto. '
<br /> 7. Charges to Dorrc,wer and Protection of Lendcr's Rights In the Property. Borrowcr shall pay all ,��
<br /> governmental or municipal chazges, fines and impositions that are not included in pazagraph 2. Borrower shall pay
<br /> [hese obligations on time directly ro the entity which is owed the payment. If failure to pay would adversely affect �"---�
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<br /> Lendcr's Interesc in che Propeny, upon Lender's requcst Borrower shall promptly furnish to Lender receipts �
<br /> evidencing these payments. ','•=�.�-'
<br /> • If Borrower fails to make these a ments or the a ments re uired b ara ra h 2,or fails to erforn�an other �`
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<br /> , , covenu►ts and agreements contained in this Security Instrument, or there is a]egal proceeding that may significantly
<br /> � affect Lender's rights in the Property(such as a proceeding in bankruptcy, for condemnation or to enforce laws or =
<br />_ _ regulations), then I.ender may do and pay wharevcr is necessary to pro[ecc che value of che ProrPrry an�l t NndPr's �`-"`
<br /> rights in the Property, including payment of taxes,liazard insurance and other items mencioned in para�raph 2.
<br /> Any amounts disbursed by Lender under this paragraph shall become an additional debt of Borrower and be �'__.
<br /> securcd by this Sccurity Instrument. These amounts shull beu interest from the date of disbursement. at the Note s=
<br /> rate,and at the option of L.ender,shall be im�nediacely due and payable. ��
<br /> Bonower shall promptly discharge any lien which has prioriry over this Securiry Inswment unless Borrower: �'-`�
<br /> i (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to I.ender; (b) —
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<br /> contests in good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the
<br /> Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of thc lien an
<br /> agreement satisfactory to Lender subordinating the lien to this Security Instrument.If Lender de�ermines that any part
<br /> of the Property is subject to a lien which may attain priority over this Security Instrument, l.ender may give
<br /> Borrower a notice identifying the lien. Barrower shall satisfy the lien or take one or more of the actions set forth
<br /> • above within 10 days of the giving of notice.
<br /> 8.Fees.Lender may collect fees and chazges authoriud by the Secrctary. -
<br /> 9.Grounds for Accelerutton of Debt.
<br /> (u) Def�ult. Lender may, except as limitcd by regulations issued by the Sccrctary, in the case of payment —
<br /> defaults, require immediate payment in fuli of all sums secured by this Security Instrument if;
<br /> (i) Borrower defaults by failing to pay in full any monthly plyment required by this Sccuriry instrument ==_ __
<br /> , prior to or on the due date of the next monthly payn�ent,or
<br /> . , (ii) Borrower defaults by failing, for a period of thiny days, to perform any other obligations cuntained - -
<br />- in this Sccuriry Instrument.
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<br />_ (b) Sale Wtthout Credit Approval. Lender shall, if permitted by applicable law(including Section 341(d) °^�° , I
<br /> of the Garn-St. Germain Depository institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prio .�
<br /> approval of the Secretary, require immediate payment in full of all sums secured by this Security Instrum .��z ,
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