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<br /> :r Bonrower shall also be in dcfault if Bonowcr.during the loan appllcadon prcxess,gave materially falsc or inaccuratc „ ,
<br /> � information or statements to Lender(or failecl w Proviclo Lender with any material informal3on) in conneetion with tha .
<br /> loan evidenced by the Note, including,but not limited w, representadons concerning Bonower's occupancy of the • ;_
<br /> P rr,g e r t; es a princi pal residence. If this Secutity Insuument is on a leasehold, Bonower shaU wmply with tho . :�..,_
<br /> provlsions of tha lease. If Bonowcr acquires fee title to the Praperty� the lease ho I d an d fcc G U a s h a l l n�t b;. m e r g e d A^��;�
<br /> unless Lcnder agrees co tt►o merger in wrldng. • �"�"m�`
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<br /> 6.Condemnation.'Ilie proceeds of any award or claim for damages.direct or consequential,in connection with �;_____
<br /> eny condemnadon or other taking of any pa�t of tha Propercy.or for conveyance in pkica of wndemnadon,are hereby ;'�.;.�.��
<br /> assignerl and sball be paid to Lcnd�r to the extent of the full amount of the indcbtedness t1►at remains unpaid under the _ ;,�;�__
<br /> Note and this Seciulty Insaumen�I.endu shall apply such proceeds to tt►e reduction of tho indebtedness undcr the Notc • :}s-.,_,�,
<br /> and this Security In&trutnent,fust to any @eluaguent amounts anpHed in the order provided in paregraph 3.end then w -t.,_
<br /> prepayment of principal.Any apPlicadon of the proceeds to Uie princlpal shall not extend or postgone ttie due daLe of the .- _
<br /> monday payments,which ure referred w in parst�r�+Ph 2.or change the amount of such payments. Any w�cess proacds :�,
<br /> over an amount required w pay ull ontstar►ding inc�ebtedness under the Note and this SecurIty Instrument shall be paid to � �;-----_
<br /> ihe endty legally entided thereto. . "�:.
<br /> � .:::..:�rl:
<br /> „� 7. ChArges to 8orrower an�D Protecdon of Lender'a Rights in the I'roperty. Borro�vec shall pay all ; �,Q��
<br /> h 2.Aocrowu shall pay these • ' ' ' •—
<br /> govemmental or munlcipal�charges,fines and imPositions ihat am not included in paragraP ' _;�1�, .
<br /> obligadons on dme dlre�tly to th$cndty which is owed the paymenG If feilure to pay wo«ld adversely affcct I..ender's 'y;�, �
<br /> interest in the Prnpeccy. upon Lcnder's request Bocrower shaU prompdy fnmish to Lender receipts evidenci�ig these y _
<br /> � paymenta. ?�'�.
<br /> If Borrower fails to make these paYn►ents or the payments requlred by parngraph 2,or fails to perfarm anY other
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<br /> -,�a,� wvu��U a��d a�.�sr,�e can � � �n�h�y cPr_.��ricy Inam�men� or there is a legal pmcecding t�ai may aignificantly i� [
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<br /> '� ., affect Lender's rights in the Propercy(such av u proceedin8 in batilauPtcY�for condemna�on or to enface laws or i
<br /> �� � '�. regulatio��s).then Y.et►der muy do and pay whatever is necessarY co Protec�the value of the Property end Lender's cights ,�.�
<br /> � ! ment of texes,hazard insurance snd othec items mcndoned in paragraph 2. � _;,_
<br /> in the propeccy,including pay h shall become sn eddidonal debt of Dorrower end be •' '�
<br /> �:�f::, Any omounts djsbnrsed by Lender undu this paragrap � �'.
<br /> se.ccurod by this Securlty Instniment'Iliese amounts shall bear interest from ths date of disbursement,at tta Note rete� •�.
<br /> . . � s �.
<br /> end at the apdon of Lendu.shall be immediately duc end payable. �.
<br /> Bonowu shall prompdy disct�arge any llen which has priority ovu this Security Instrument unless Bomower:(a) �,.r
<br /> ; egxees in wrldng to the payment of the obligadon secumd by the Hen in a manner ecceptable tro Lendu;(b)contcsta in
<br /> � good faith the liu►by.ar defends against enforcement of the llen in,legal pmcadin8s which in the Lenda's opinion
<br /> � opeiate co prevent the enforcunent of the lten;�r(c)secums from the holder of the llen an sgrxme�t 5adsfactory to x _
<br /> `, . , I.enda snbordlnatin8 tho liea w this Se�uriry Instnunent If I.�nder determines that nny part of the Property is subjoct w �� —
<br /> a llen which may attain priority ovu this Securlty Instzument,Lendu may give Bonower a nodce �dentifying the llen. ��
<br />,..,�,.:�.. ;,;�, ,`. Sorrowu shall sadsfy the llen or tuke one or moro of the acdons set forth above withii►10 days of the giving of nodce. o .
<br />-1:: . g.Fees.Lendet may collact fces and charges euthorized by 3he Secretary. �_
<br />�?:�" ; ., ;;� , 9.Gmunds tor Acsekration ot Ueb� _
<br /> (A) Defieuit. I.endu may.except es llmited by reguladons issued by the Secretary. in the cesA of payment �
<br />�°,.. ... . . defaulis.re4uira immediate payment in fi�l of ell sums securcd by this Socurity lnsuument if: �;'.. _
<br /> � � . m full any monthl ment mqnlred by this Securiry Instiumeut ��'�—�
<br /> :,,,, . (1)Borrower defaults by failing to pay ' Y PaY �
<br />- prior w or on t�e duo dats of the next monthly payment,or �_-
<br />-- "':,.' '� (i�)Boaower defaults by fciiling,for a perlad of thirty days,t,o perforci►anY other obligadons contained in �:-_—
<br />�� �'�� this Security Instrument, �'
<br />�"'`_�x._
<br /> . (b)Sak Wlthaut Credit ApproWal.I.ender shall,if permict�d by applicable Iaw (including Secdon 341(d)of ��,
<br />• �w '•" �•� the Gam-S�Qermain Deposiwry Insdartions Act of 1982,12 U.S.C.1701 j-3(d))and with tha pr�a approvel of j_-�
<br /> the Secretary,rcquire immedl�te PaYment in full of all suma secured by this S�urdty Instrument if: E_-___--_ o
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