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<br /> �1 abandoatd Pmperty. Botrower s6a11 also be in defanit if Borrower. dwing the loau applIcation process. gave . � `' �,._;
<br />� mazerially false or inaccurate infomnat�on or statements to Lender (or failed to provide L�ender with any material • • � . _
<br /> �� information) in connection with the loan evidenced by the Note. including. but not limited to. representasions -' - -- , ; :
<br /> concerning Borlower's occupancy of the Property a5 a principal resldenoe. If this Securiry Iasuuan�eat is o� a _
<br /> leasehold,Borrower shall comply wi�th the provisions of the lease. If Banower acquires fee tide to[he Property.the , -
<br /> •�� leasehold and fee title shall not be mergsd unless I�nder agre�s to the merger in writin8• � . - ..=- -__ '
<br />: � b.Coademnattoa'!he procceds of aay awazd or claim for damages,direrc or consequential.in wnnection with .,� �
<br /> � any condemnarion or other tatrmg of aay part of the Property. or for conveyance in place of condemnation, are � • �,� .•-�-
<br /> bereby assigned and shail be paid w Lender to th�extent of the full amount of the indebtedness tbat remains unPaid '. � • ;�
<br /> � under the Note and this Sec.ority Instrumeni• 1-ender shall aPP1Y�P�s to the reduction of the indebtedness � ;� .. �-
<br /> ' under the Note aad this Security Insuam�nt, 4'ust to any delinquent amounts applied in the oY+der pmvided in ��
<br /> ''! paragraph 3,and then to PrePaymen�sf PT��PaI.AnY aPPlication of the pmseeds to the p�napal shall not extend or : ` `- '°.:,.��-�"�`.
<br /> � postpoae the due date of the monthlY Payments,which are referr�d to ia paragragh 2,or change the amount of such . �' ��
<br /> ! payments. Any exc�s proceeds over an amouat�equired to pay all ouutanding indebtedness under the Note and this . _ __ _,- _
<br />. 5 Security Insaument shall be paid to the enii:y legalip entided ther�o. • `��'=�
<br /> 7. C[iarges w Borcow� a�d Froted�on of Lend�'s Righfs in the Prop�4y. Borrower shaii pay a11 . ( '�`'�" _�;F'"
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<br /> g ove m m e n t a l or mani c i pal c h a r ges, fines and imposiuons that are not iastnded ia paregraph 2. Borrower shal!pay ::. .,�iY-�r• � -
<br /> ,•j these oblig��ns oa time directty w the entiry cvhich is owed the payment. If fa�ure to pay would adversely a f f e t t �_-
<br /> Lender's interest in ths Property, upon Lender's request Sorrower shall promptly fimish to Lender receipts . .% .�=•_--
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<br /> evidencing these payments. ;�-�r.,a.
<br /> If Borrower fa�s to make these payments or the payments requi�ed bY F�Ph 2.or fails to perform any other , � =°_
<br /> '. .-_.*;�:r
<br />' covenanu and agceements contained in this Sec�rity Insaument,or there is a legal proc�ding that may signifccantly . ,, ' :.:�-��:_,
<br /> �'fecx Lender's rights in the ProPertY(such as a prooeeding m b�ptcy. for condemnation or to enfonx laws ar '. ,�. :
<br /> . �ulations�, then I.ender may do and pay whatever is necessarY to pmtect the value of the Property aad Lender's ;=,�e�`�,: ,vi` •.,
<br /> rights in the Proptrry,�i��3nS Payment of taxes.�.,c�3 insvrance and other items mentioned ia paragag'�Z. �. ,�.
<br /> My amo�mts dis�s�by Lender nnder ti�is r,+�agraph shall become an addiuonal debt of Bormr�and be .,,_ �,:��", _
<br />� secured isy�'nis Security Instrument. These amounts s�all bear interest from the date of dis�ursement, ax the Note ';�,� �,•.':�• `, � •.
<br /> rate,and at r�e option of Lender.shall be inamediately due and pay�le. '' ',��.
<br /> � Bormwer sball rompdy dis�harge aay liea�vfi�c fi h a s prioriry over t h i s Secuci t y r n�c.,,.��,c�l e s s B o r r o w e r. . ,�' �'.:. °..":i;� �-:_
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<br /> (a) agrees in writiag to the payment of the obli�rc�sscund by the lien in a manner asceptabte w Lender, (b) �:' .. "'
<br /> contests in good faith the lien by. or defends agz�st enforcement of the lien in, legal Prooeedln8s w'��r� ia the ; .�;": -
<br /> Lender's opinion operate to prevent the enforcement of the lien; or (c) secures fivm the holder of thz lien an ,� �.:�.:
<br /> agreement satisfactory to Lender suborc?i.a�ting the lien w this Securiry Instrument.If Lender de:ermines that any part '�` ..�;,.,'�.:-...
<br /> of the Propeity is sabject w a lien ahich may attain prioriry over this Security Insaument, Lender may give �.'.,rr;-��#
<br /> Borrower a aotice identifying the lien. Borrower sbaU satisfy the Hen or take one or more of the acaos.s set forth ;_ w�` .' .• .
<br /> above with9n 10 days o£�giving of nodce. _- ''°�".�6J�:•�-
<br /> S.Fees.Lender ma��ollect fee.s and charges a�.:ar.zQd by t��Secretary. w''�
<br /> 9.�ds for Avceteratlon of b9eb� ��=
<br /> - : (a)Detaatt.Leader may.er.�e as li�ited by regular,c:s lssued by the Secretary.�the case of payment _ _ _�_
<br /> defaults.require immediate pay�eni in full of all sums secure�by this Seciarlty In��++t if: .=::'._, _
<br />' `� (i)Borrower defaults by failing ta pay in full any monttilY PaYment recNired bY�S�tY�°t "�'}'�":
<br /> • � prior to or oa the d�s date of the next montl�Iy payment,or �; :,_
<br /> (u)Borrower defaults by failing,for a period of thirty days.to perfoim aay odr�obligat�oas contained � ;�� �•-•;�
<br /> in this Se�ttrity Instmment. ' ' �_
<br /> (b)Sale Wi4�¢�Cred[t Appmvsal.I.�r�shall,if permitted by applicable law Q�:craluding Ser�oa 341(d) '.•, �-"�'
<br /> of the Gara-Sa. �ermain Depository I�SiT..:tions Act of 1982, 12 U.S.C. 1701j-3(d)) and wlth the prlor ;�;�;. � "��'�_
<br /> 2pProval of the Secnetary,re�Nire immedi�=e payment in fiill of all su�s sec�red by this&ecurity Insttument ��`,�","�'�
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