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<br /> ._:;r-� aban�oned Prnperty. Bonower shafl aiso be ia defaui� if Borrower. daring the taaa apglicariou pmcess. gave - .. -�.:
<br /> �. ::-- � �-��i materiaUy falsc or inaccunte information ar statem�u to Lender (or failed to pmvide Lender with anY material .. _ -- -
<br />- • �`i informa�ion) in vonuection wlth the Ioan evidenced by the Not,e, insluding, buc not limited to. representations • '.�", �.
<br /> t�� • � � conceming Borrower's aavpancy of the Property as a principal residence. If th'ss Seivriry Instn�tent ss on a '.� :. :
<br /> ,� leaTehold, Bormwer shall comply with the pmvisians of the lease. If Bormwer acquires fee ade to[he Pmperry.the .. ' '•,'.
<br /> � - . lea5ehold aad fee title shall not be merged nnless Lender agcees to the merger ia writing. . ' �t.
<br />=Y . . 6.Coademnatton.The praceeds of any award or claim for damages.diiect or wnseq�ential,in connectioa with ..
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<br /> :� , azry condemnatioa or otber taking of any part of the Fmperty, or for conveyance in placc of condemnation. att , ,
<br /> ; hereby assigned aad shall be ptud to Lender to the extent of the full amount of the indebtedness that�unpaid •. , .; _� : ;.: -
<br /> under the Note ancl this 5ecwiry Insuument. l.ender shall apply such pmcceds co the reduction of the indebtedness ,�` ` ��--
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<br /> �• uader the Nou and tbis Security Insuument, fitst to any deliaquent ameunu applied 'm the order provided in ,
<br /> ;`� h 3,and then to a of al.Any application of tbe moeeds to the ruaci al shall not extenA or ` � �
<br /> P� PreP Y�t P��P P P � P �,. ; :..
<br /> . • gostpone the due date of the monthly payments;whicb are refernd to in ParagraPh 2,or change the amount of such .
<br /> paymenu. Aay excess praceeds over an amount required to pay all ontstanding indebtedness under the Note and this . . ---
<br /> � ` , . Secasiry Insmiment shall be paid co the�ntity IegaUy entifled thereto. � ;'_.. . _---
<br /> • 7. CLaiges to Borrower sud Protection oY Lender's Rights in the Frnpert9. Bormwer s�aU pay all � ..-- . , _ --
<br /> f.% � governmental or mnnicipal charges,fines and impositions th.�t aze not includesl in F�S�Ph 2. Borrower shall pay _ �� _
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<br /> ;� � these obligatlons on time directly to the enrity which is owed the paymeat. If faitnre to pay woutd adversely affea '� .#..�°4;�,:
<br /> " • y . Leuder's interest in the Propeny, upon Lender's request Bonower shall prompdy fumish ta Lcnder recelpts , . �• :�,-.:;��
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<br /> If Borrower fails to make these payments or the Payments required by P�B�Pb 2.or fa7s to perfora�any other
<br /> '''' ca�enanu aad agreements contained in this Security Instrment.or theie is a legei pmceeding that may sigaificantly '•y---_—
<br /> ,y . _ .. '. .�i':�;=—.
<br /> • • �ect Lender's rights in the Propercy(such as a procee�g in bankruptcy, for condemnation or to enfotoe laws or � ��:;Tr�
<br /> �.t �, ' " ngulations), the�Lender may do and pay wLatever is necessary to p:vaecc the value of the Property and I.ender's _ , �.� `:�,.--s_
<br /> � ' rights in the Pm�.-ty,including PaYment of taxes,hazard inSUrance a3 o:her items mentioned in paragraph 2. : °`' `'; —
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<br /> � Any amounts disbursed by I.ender under this paragaph shall become an addidonal debt of Borrower and be -'�-�_'
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<br /> •�� ?' secured by this Security Insm�ment.These amounts shall bear interest fmm ti�e date of disbutsement,at the Note . �;.�;,,�:,�.._
<br /> � � rate,and at the option of Lxnder,shall be immediately due aad payable. � S' '�--.
<br /> ' � : - - Borrower shall prompdy discbarge mry lien wlucb has priority over this Securiry Insttument u.aless Borrower. , :,,.�=-
<br /> • . � ' (a) agrees in writing to thc payment of the obligaaon serured by the lien in a manasr acceptable to Lender; (b) ' ��=r
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<br /> . contcsu in gaod faith the lien by, or defends againsc enforcement of the lien ia, legal proceedings whicb iA the • �,.;.,,q .
<br /> � t�ender's opinion operate to prevent the enforcement of ttce lien; or (c) secures from the holder of the lien an � � . �:.�"i`
<br />= .:; � • �. agreement satisfactory to Lender subordinating the lien to tbis Security lnstn�ment.If Lender detemiines that aay part � � _
<br /> � � of the Property is subject to a lien whicb may attain prioriry over this Sec�rity lnstrument. Lender may give . , • �-
<br /> � .. Borrower a norice identifying the lien. Borrower shall satisfy the Iiea or taice one or more of the actions set fonh ' �-�
<br /> ;;: . 4 above within 10 days of the giving of notice. . '' ..`'�
<br /> S.Fees.Lender may collect fees and charges suthorized by the Secretary. � .;.�,.:.� , .-
<br /> 9.Gmundg for Acceleratton of Debt. `.
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<br /> • (a) DefauN. Lender may. except as limited by regulations issued by tke Secretary.in the case of payment �c:�+���' .�� •�
<br /> ' • defaulu.rcquire immediate payment in full of all sums secured by this Secvriry lnsuument if: � , � �-
<br /> ���` , ' •� (i)Borro�ver defaults by failing to pay in full any monthly payment re�sired by this Sccurity Instrument • •• : ,
<br /> � . . ' prior to or on the due da[e of the next monthly payment.or .. °
<br /> . (ii)Borrower defaults by falling.for a period of thury days,to perfor.ss any other obligations cont�zed , • �.
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<br /> • . � in this Security instrument. � ' � �
<br /> � (b) Sale Wlthout Credi4 Approval.Lender shall, if permitced by applicable law(includiag Section 341(d) � ; •� ,
<br />• ...� � of the Gam-St. Germain Depository Institctions Act of 1982. 12 U.S.C. 1701j-3(d)) and with the prior '. ; •
<br /> 7 approval of the Secretary.require immediate payment in full of all sums secured by this Security lnstntment �•
<br /> . if:
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<br /> �dRINE)�seon�o� veso 0 0�e im��y��� Y�{� .
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