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<br /> ' '� abandoned Property. Bcmower s1iaU also he in default if Burrower, during the loaa applicndcm prucess, gxve I _
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<br /> � materIully false or i�uccurdte inforn�anon or statemenGS ta L.cnJer (or faited a� provide Ixnder widi Nny n�aterial -
<br /> 111fOTiClttll0ll� in cannectiun with the loan evidenced by the Note, including, hut not liiutted tc�, TCPfC1C11IdI10I15
<br /> cancerning Bonower's acupuncy of the Property as a principal residence. If this Security Instrun�ent is an x
<br /> � leasehold,Borrawer sliall comply with che pravisious af die lease. if Bonower acquires fCe title to the Pmp�rty, the -��-__ _ _
<br /> leasehold and fee ttde shall not t�e mergeJ unless I.ender agrees to the merger in writing. "��
<br /> 6.Condemnation.Thr proceeds of any awsud ar claim fot daniages,direct or co�uequentiul, in cannecdon with _
<br /> any condemnadon or other taking of any part of the Prapercy, or for canveyance in pince of condemnudon, are _..
<br /> liereby assigned and shali be p�id tn I.emler ro die extent af die full xmount of the indebtedae�s that remains unpud ___
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<br /> under the Note and this Security Instrument.l.ender shall apply such proceeds to the rectucuon of the indebtedness -_—
<br /> under We Note and this Security Instnunent, first w any delinquent araounts applied in the order provided in _
<br /> paragraph 3, and theu to prepayment of principul. My xpPlicadon of t1iC proceeds to the principal sha12 not extend or ,:'__--
<br /> . postpone the due clxte of the tnonthly�ayments, which are referred to in puragraph 2, or change[he aniount of such _.,^ �
<br /> pay�nenu. Any excess proceeds over an amount required to pay all outatanding indebtedness under the Note and this �:�,.,,.�:
<br /> Securlty Iastrument shall be paid to the eudty legF►lly enaded thereta. �'�'��
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<br /> " ' 7. Charges to Borcower and Protedion of Lender's Rights ln the Property. Banower shxll pay all -t.,.�.,
<br /> gqvernmental or nwnicipal charges,fines and impositions that are not included in paragraph 2. Barrawer shall pay : ..
<br /> ��, these obligauons oa time direcdy to the entiry which is awed the payment. If failure to pay would adversely affec:t � `::- —
<br /> Lender's intemst in the Property, upon Lxnder's request Borrower sh�ll promptly fumish to L.ender receipts �,,,�� �
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<br /> evidencing these payraents. c�
<br /> " If Borrower fuils ta make tuese paymenu or the payments required by pxrxgraph 2,or fails to perform uny other
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<br /> � covenants and agreements contained in thi� Security Instrument,or diere is a legal proceeJin�that may sigaificantly ,:�;,_�_.
<br /> " uffect Lender's rights in Uie Properry isucIi w a pio�:ding in b:u�ruptcy. fQS C4AL�ClriI2dU4*_T 4i tn rnfnrce IAws of _'.���—
<br /> . reguladonti). then i.ender may do�u►d pay whatever is necessary to protect the value of t�e Property and Lender's
<br /> rights in the Proprrty, includiag payment of taxes,hazard Insurance and other items mentioned in pardgraph 2. v��
<br /> pny umouats Jishuned by Lxnder under this paragraph sliall beconie an additloaal debt of Bo�rower and be �h£
<br /> secured by this Secadty Instrument.These amounts shall hear interest fram the clxte of disbursement,at the Nate rate.
<br /> and at the apti�n of Lender.sbull be inuuediarely due and payable. ��-
<br /> � e Bonower shxll prom�tly dischar�e any lien which hus prioricy over this Securiry Iiutrument unless Bonower: � -
<br /> (a) agrees in writing tu die paymeat of the obligation sec:ured by tlie lten in a nituwer acceptaUle to I.eader; @)
<br /> � rnntests in good f�ith d�e lien by, ar Jefends againsc enforcement of the Iteu in, legal proceedtngs whicli in the
<br /> ` Lxnder's opinion operate to prevenc the enforcement of ehe lien; or (c) secures froni �e l�nlder of the lien xn =
<br /> agreement sxdsfactory to Lender subordinating the liett ro this Security Instrvrnent. If Lenckr determines that aLy part __
<br /> of the Praperry i�subject to a lien which may attain priority over this Security Inxtrument.Lender may give Barrower _
<br /> a notice idendfying the lien. Barrower siiall satisfy the lien or take one or more of the actions set forth above witiun =
<br /> 10 days of the giving of nouce. °�
<br /> • g,Fees.L,euder may collect fers suKl charges authorized by the Secretary.
<br /> " 9.Grounds for Acceleratton of Debt. —`�'����
<br /> ir (a) Default. Ixnder tuay,except as limited by regulations issuecl by the Secreta►y. in the case of payment E:;W=_ _
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<br /> �' dctaults.requite immediate payntent iu full of all svcns sec:ured by this Securiry I nstrument if: �-_�._
<br /> (i)Bormwer defxults by failing to pay in full any monthly payment required by this Security In,trument :,
<br /> � prior to or on the due clate of tt�e next monthly payment,or `�� -� .,,.
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<br /> (ii) Borcower defxut�i by failing,ti�r a peric�d of d�irty days, w perfomi airy otlier ohligaaon�contxined _I_�. . .,,`�•
<br /> in tliis 5ecurity ItL�trument.
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<br /> (b)5ele Wtthout Credit Approval.I.ender shall, if perniitted by applicable law(including Secdon 341(J) V ,. :�,�;;�,;{:.,,,
<br /> uf d�e Gam-St. Gemixin Depository In+tituuons Act of 1982, 12 U.S.C. 1701j•3(d)) and with the prior ;�.,,..
<br /> , approval of the Secretary,reyuire inuneJiatr payment in full of all sums s�curcd by d�is Security Instrument ��1,
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