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<br /> : abandoned Property. Borrower shall also be in default if Borrower. during the loan application proLess, gave .�,Y�.�._�_,__ •°°'
<br />- - materially false or inaccurate information or statements to I.ender(or failed to pmvide Leader with any material �.-_�.�'-.�:��,`— T_
<br /> `�` infor�ation) in connecxion vrith the ioan evidenced by the Hote, izcluding. but not limited to. represetttations �,�_ .s��w��.�r_,�_: _
<br /> aonceming Barrower's occupancy of the Properry as a principal residence. If tlais Security Instrumeat is on a _ .�,X,�.�
<br /> leasehold,Borrower shall comply with the provisions of the lease. If Borrower acquires fee tide w tI�e Praperry.the 4 . `'� �_,r.�,.`.:-
<br /> � leasehold and fee title shall not be merged unless I.ender agrees to tb.e merger in writing. - "' *.-• ,�•� �,
<br /> 6.Condemnai�on.The pmceEds of any award or claim far damages,direct or consequenaal.ia connecdoa with : :;� . . - :r:_ .
<br /> any condemnaiion or other taking of any pazt of the Progerty, or for conveyance in place of coademnation, are ' �__�_ __
<br /> hereby assigned aad sha}1 be paid to Lender to the extent of the full amount of the indebtedness that•p,,,a; =ungaid --� �� _.
<br />� � under the Note and this Securiry Instrument•Lender shall aPPly snc]�proceeds to the reduction of the indehtedness � � , _ __
<br /> ander the Note and this Seauity Insi�ument, first to any delinquent amoaats agplied in the order provided in --�``-;%--
<br /> paragraph 3.aad then to PrePayment of Primcipal.�wN aPPlication of the procee�s to the grincipal shall not extend or . - _.�'._�''_�.'
<br /> postpone the due date of the mnntlily payments.which are referred w in paragraph 2,or change the amnunt of such - .. .
<br />< .` PaY�g• �7+ex�Procee�s over aa a�o�t iequired to pay all outstanding indebtedness under the Note and this . . •�• .`��- -. .
<br /> � Sec.arity Instrument shall be p�d to thz��sty legally entitled thereto. �: • , , ; �.
<br /> 7. C6arges to Born��r aad �testie� v�f Dermdei's Rights in We Paoperty. Borrower shall PaY a11 `���'� , .R �''
<br /> '�„ govemmental or municipai,�iges. f.Las ard i��a�that are nnt included i�paragraph Z.Borrower shall pay r� .
<br /> '� .,-. .��"i,r •
<br /> • these obllgagi��s an time directly to�.'�¢�L.•�:.��cwed the paymens. If fa�ure to pay v�ould adversely�t - " .st;x.�,v-� - .
<br /> Lender's ir�te�st in the Property, u�v� Lender'S �,.�`�=est Bom�u�s shall pmmptly fumis� ao Ieader n��ts � ��ri,.:1�r��
<br /> evidencing tTraese payments.
<br /> If Borrower faiLs w make diese pay�enu or[he�ay^-..uenu required bY ParagraPh 2,or fails m gerform z�cr.�w ?i.�`��r:'='�T::=r';":
<br /> � �,n,�t or there is a 1 roceeding that may si�:.�^�a::�;y � '��� `
<br /> ; �� covenants aud agceements contai����.::�s Seauity Inss_ , �1 P x;;�m " � -
<br /> .:',;� � �' �..,_ :,.
<br /> ,• ,�� affect I�ender's rigtas ia the Pr�Fz�.-t�';sza�as a proceeding in ban.�upuy, for condemnation or w enforce laws or ;��.��,�_--
<br /> ''� regulations?. then Len�er m��y da and pay whatever is necessary to protect the value of the IRvperty and L.ender's �
<br /> - � t of taxes,ha7ard inss�raace and other items mentioned 9n patagraph 2. ' '�''�°`
<br /> r�ghts in the Property,includin8 Paymen ���'i��-..,...,-,
<br /> '' ° { Ai►y amfl�mts disbursed by Lender under this paragrapt+shall become an additional debt of Bosower and be •-..'. .
<br /> .�::_.�,,-_;,..-;
<br /> ' { secured by tiva Securiry 3nstrument. These amounts shall bear interest from the date of disbwsement, at the Note _.:�` °, �,�::':,:' : _.-
<br /> rate,and at the opiion of Lender,shall he immediately due and payable. '°• -�-��- ' `� • _
<br /> Borrower shall promptly discharge any lien which has priority over tfais Se�urity I n s u u m e nt u n less Bouvwer. � .�+ . � .
<br /> � (a) a�cea in writiag to ttae payment of the obligation secured by the Itea In a maaner accepiable to I.ender: (b) *;;z,.:.
<br /> wntests in gaod faith the llen b3►, or defends agatnst eaforcem�nt of the lien ia, legal pmcadings wht�in the .,; :
<br /> � � , LenQer's apinioa operate to prevent the enforcemcnt of the I�ea; or (c) secures from the holder of the llea aa %�;,:�� '_
<br /> agreemeat sadsfactory to I.endar subordinatiag the iten to tbis Serurlty Instrwnent.If l.euder d�Iermll�es thst eny p3Ti _ %nr,+����': -;''.'
<br /> � of the Property is subject to a liea ahich may attain prlority over this Securlty Jnsmiment, I.ender may give � �_�,._
<br /> , Bormwer a nottce identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth ' �����%;"_
<br /> • above withia 10 days of t�e giving of notice. ___
<br /> . 8.Fees.Lender may wllect fces and charges authorized by the Secretary. � '`'-;.�.
<br /> 9.Gro�!or Aeceieratton ai Deb� 1�_��� L
<br /> � (s�)Detaal�Lender may,except as limited by Pegulations issued by the Secretary,in the case of payment ,, •-��.,�°°-°-
<br /> � �. def�ulta.retlu9re immediate PaYment in full of all sums secured by this Securlty Insm�ment if: �,.,�. - ��
<br /> :•.',.�� (i)Soaov�er defaults by failing to pay in fiill any monthlY PaYment required by this Security Ia�nsnt �"�'�"�•�,
<br /> . �prlor w or on the dus date of the neat monthly payment,or ����
<br /> � .
<br /> . ' Qu)Borrowes defaults try failing,for a perlod of thna4y days.to perforffi�oa.��obligarions contained - a�=;=��.-
<br /> . in this Security Insuument. _ -'.:�;-�"'—,
<br /> . ,; (b) Sale Wit6out Credit Ay►pmval.I.eader shall,if permitted by applicable law (inciuding Section 341(d) � -�:� '
<br /> of ihe Gazn-St. C3ermain Depository Insatudons Act of 1982, 12 U.S.C. 1701j-3(d))and with the prior •`c�"�t °�°'~:�;,_
<br /> . immediate a ent in fiill of all sums secured by this Security Insanunent q��,�,. �._ '..� .. .
<br />: aPProval of the Secretary.re4uire P Y� `� ��-w„•.��.:�
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