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<br /> :�. ��:�- 98 �:.�-
<br /> ��r,�; abanduned Property. Botrower shall also be in default if Borrower, during thc loan upplicatlon pracess, gave —
<br /> . .,��� matedally falsc or inaccuratP information or stutements to I.ender(or failed to provide L,ender with any materlal _�
<br />- w• infottnation) in connection with the loan evidenced by the Note, including, but not limited to, representations =-�
<br /> c o n ce rn i n g Bonower's occu pancy of the Property as a princlpal residence. If this Securlty Instrument is on n •,^�,
<br /> ' leasehold, Borrower shall comply wlth the provlsions o f t he lease. !f B o r r o w e r a c q u i r e s f e e t l t l e t o t h e P r o p e r ry, t he .��.`-
<br /> leasebold and fce title shall not be merged unlcss L.ender ngrccs to the merger in writing. �._=- _
<br /> �� 6.Condemnatton.The proceeds of any award or clalm for damages,direct or consequential,in wnnectian with �,___
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<br /> �• any condemnation or other taking of any part of the Properry, or for conveyance in place of condemnation, are ;o��-
<br />� � hcreby assigned and shall be paid to Leader to the ex[ent of�he full amount of the indebcedness that remains unpaid ;`,,:
<br /> under the Note and this Securiry lnstrument. I.ender shall apply such proceeds to the reduction of the indebtedness .:.:�'__
<br /> �S under the Note and this Security Instrument, first to any delinquent amounts app l i e d i n t h e o rder provided in _.;
<br /> pazagraph 3,and then to prep�yment of pdncipal. Any applicatlon of the praceeds to the principal shall not extend or �_—
<br />' ' pastpone the due date of the monthly payments, which are refened to in paragraph 2, or change the amount of such °
<br /> �. payments. My ezcess proceeds over an amount required to pay all outstanding indebtedness under the Note and this -
<br /> 5ecurity Instrument shall be paid to the entity legally entitled thereto.
<br /> ;� 7. Charges to Borrower and Protection of Lender's Rights in the Property. Sorrower shali pay all
<br /> governmental or municfpal chazges, fines and impositions that are not Included in paragraph 2. Bonower shalt pay
<br /> L.ender'sli�nterest�lnt the Piroperry�ponntLenderlshrequest BorrowemshallIf p omptly fi rnish tod I.ender 1 eceip[s
<br /> � evidencin these a ments.
<br /> 1. G PY
<br /> ' If Borrower fails to makc these payments or t he paymen ts r e q u i r e d b y p a r a g r a p h 2,o r f a i l s t o p e r t b r m a n y other
<br /> •. covenants and a reemenu wntained in this Se,curit Instrument, or there is a legal proceeding that may significantly
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<br /> affect L.ender's rlghts in the Property (such os a proceeding in bankruptcy, for condemnation or to ena�d i.enders
<br /> . regulations), then Lender may do and pay whatever is necessary tu piotect thc vatue of the Property ...
<br /> ' rights In the Property,includ3ng payment of taxes,hazard insurance and other items mentioned in pazagraph 2. _
<br /> ._ My amounts disbursed by I.ender under this paragraph shall becomc an additional debt of Eorrower a�id be
<br /> secured by this Security Insttument. These amounts shall beur interest from the date of disbursement, ut the Note
<br /> ratc.and at the option of L.endcr.shall be immcdiatcly duc and payable.
<br /> Bonowcr shall promptly dlschsugc any licn which has prtoricy ovcr this Secudty Instrumcnt unless 8orrowcr:
<br /> ' (p) agrees in wdcing to thc payment of thc ubligatian secured by thc licn in a manncr acccptable to L.cnder; (b)
<br /> contesta tn good fnith the licn by, or defends �galnst enforeement of the lien in, legal proceedings which in the
<br />" . Lendcr's apinlon operate to prcvent the enfarcement of the licn; ar (c) secures from thc hotdcr of chc licn an
<br /> agreement satisfnctory to I.endcr subordinattng thc licn to this 5ccurity Instrument. If l.endcr detcrniines that any pnrc
<br />_ �..., ; of the Property is subject to a lien which may uttain pi9ority over this Security [nstrument, Lender may givc
<br /> • Bonower a notice identifying the Ifen. Borrower shall satisfy the lien or take one or more of the actions set farth
<br /> � ' ' above within 10 days of the g[ving of notice.
<br /> '" 8.Fees.Lender may collect fees and charges authorized by the Secretary.
<br /> � 9.Grounds for Accelerntlon of Debt.
<br /> � (a) Default. I.ender may, except as limiced by resulations issued by the Secretary, in the case of payment
<br />- dcfaults,require immediate payment tn full of all sums secured by thls Security(nstrumcnt if: _
<br /> ' r (i) Borrower dcfaults by failing to pay in full any monthly payment required by thts Security Instrument _.
<br /> _ � � prior to or on the due date of the next monthly payment,or ` ,,���w,i �i�„�
<br /> (ii)Bonower defaults by failing, for a period nf thirty days,to per������ w�y �:•«• ��.."o�..°..-conrained --
<br />-- _ � in this Security Instrument. � --
<br /> (b) Sale Without Credit Approvnl. Lender shall.if permitted by applicable law (including Section 341(d)
<br /> - : � of thc Garn-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with thc prior e'�'Y A
<br /> approval of the Secretary,require immediate payment in full af all sums secured by this Securi[y Instrument
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