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<br /> Bonowcr shall also bc in default if Bortowcr, during ihc loan applicauon proccss,guve matcrially falsc or inaccucatc _
<br /> infortnation ar statements tn L.ender (ar failed to provide I.cnder with any material information)in connection with�he ` _�.�.
<br /> loan evidenced by the Note, including,but not limited to, representations concerning sorrower's occupancy of�he � �.;
<br /> . Property as a principal residence. If Ihis Security Instrumcnt is on a leasehald, Borrower shall comply with the � :,,.K:..�_
<br /> provisions of thc lcasc.If Bonower acquires fee utic to the Property,thc leaschold and fec dde shall not bc merged � .- `�_°-�-�- ..
<br /> . unlcss Lcnder agrees to the merger in writing, �._,:„
<br /> 6.Condemnation,The proce�eds of any awerd or claim for dama�es,direct or consequential,in connection with
<br /> any condemnation or other taking of any part of the Ptoperry,or for conveyance in place of condemnation,are hereby „ ,
<br /> assigncd and shall be paid to L.endcr W the extent of the full amount of the indebtedness that remains unpaid under the �� __.
<br /> Note and this Security Instrumen�I.ende�shall apply such proceeds to the reducdon of the indebtedness under ihe Note _
<br /> and this Se�uricy Insuument,fust to any delinquent amounts applied in the ordsr provided in paragraph 3,and then to __
<br /> prepayment of principal.Any application of ihe proceeds tA the principal shall not extend or postpone the due date of ihe
<br /> monthly payments,which are referred m in paragraph 2,or change the amount of such payments. My excess procecds
<br /> over an amount rec�uircd to pay aU outs�anding indebtedness under the Note and this Sccurity Instrument shall be paid to "
<br /> the entiry legaUy entidcd thereto. � n-�r �
<br /> 7. Charges to Borrower and Protectton of Leader's Rights in the Property. Borrower shall pr�y all
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<br /> �ovemmental or municipal charges.fines�nd'ur►Positions that are not included in paragraph 2.Bottower shaU pay these � `
<br /> �. obligations on time direcdy to the enti�y which is owed the paymen�If failure to pay would adversely affect Lender's , '�.o�..�
<br /> • , interest in the Property, upon Lender's request Borrower shall prompdy fumish to Lender receipts evidencing these I;:��: �..
<br /> R� payments. '`'�'
<br /> ' If Borrower fails to make ihese peyrncnts or the payments required by paragraph 2,or fails to perform any other }�'• ;�
<br /> _ �nve.nants and agreements contaiited in this Security Instrument,or there is a legal proceedin� that may sign�candy ,,���_•_ ::.�•,
<br /> , affect Lender's rights in the Property(such as a proceeding in bankruPtcY� for condemnuiiu�i or ta enforcc lau;s ar --� •;��
<br /> regulations),ihen Lender may do and pay whatever is necessary to Protect the value of the Property and I.ender's rights �F. _
<br /> in the Propercy,including payment of taxes,hazard insurance and other items mentioned in psragrnph 2. ,..�:
<br /> Any amounts disbursed by Lender under this paregraph shall bccome an additional debt of Borrower and bc '. .�L,,.
<br /> secured by this Sccuriry Instrumen� 'ftiese emounts shall bear incerest from thc datc of disbursement,at the Notc rate, �� ;^�.�
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<br /> and at the opdon of Lcnder,shall be immediately due end payable. - `�;;��,
<br /> . Borrowcr shull prompQy dischargc any licn which has priority over this Sccurity Inswmcnt unless Borrower:(a)
<br /> agrees in writin8 to t1�e PaYment of the obligation secured by the Gen in a manner acceptable to Lender, (b)contesls in — _
<br /> � good faith the lien by,or defends against cnfoma:ment of the lien in.legal proceedings which in the Lender's opinion •���
<br /> operate to prevent the enforcement of Ihe Gen;or (c)secures from the holder of the lien an agreement satisfactory to .______
<br /> '. Lendcr subordinating Ihc lien to this Sauriry Instrumen�If I.cnder determines t1�at any part of the Property is subja:t to �y��
<br /> a Gen which may auain prioriry over this Sccurity Instrument,L.ender may give Borrower a noticc identifying ihe Gen. __ _
<br /> Borrowcr shaU sa6sfy the licn or take one or more of the actions set forth abovc within 10 days of thc giving of notice. ,�.��
<br /> 8.Fees.Lender may co;lect fees end charges autharixed by the Sc�retary. _
<br /> 9.Grounds for Acceleration of Debt. .-"-";'�_
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<br /> � (a) Default.I..ender may. except as limited by regulauons issued by the Secretary. in the case at payment -�__
<br /> � defaults,require immcdiatc paymcnt in full of all sums secured by this Seturity Instrument if: �,;ti-"�:
<br /> (i) Borrower defaults by failing to pay in fuU any monthly paymcnt rcquired by this Securiry Instrument .-=__-�-_
<br /> , prior to or on thc due datc of thc ncxt monthly paymcnt,or ="=_
<br /> (ii) Borrower defaults by failing. for a period of thirty days,to perform any other obligadons contained in .�:'" `��;�.
<br /> this Security Instrumen� •`' r. . • ��'�
<br /> (b)Sale Without Credit Approval.Lender shall,if rmiued b a licablc law(includin Section 3M11(d)of �•��- '�`�•w'-2'�'�• � �.�
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<br /> thc Garn•St Gcrmain Deposiwry Institutions Act of 1982,12 U.S.C. 1701 j-3(d))and with thc prior approvel of ..
<br /> thc Sccretary,rcquirc immediatc payment in full of all sums sccured by this Security Inswmcnt if: :_ �
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<br />� �4R(NE)lseo��.o+ Paye a ol B inuia�s:
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