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<br /> � ' abandoned Property. Borrower shaU also 6e in default if Bormwer, d�ing the loan appiication process, gave � +. ` �
<br /> ' � materially false or inascurete information or statements to Lender(or faited to pmvide I.ender with any material _ "�-
<br /> . , . iaformation) m cannection wiW the loan evid�oed by the Note, inclading, but not limited ca. rePreseatations . . �"_
<br /> ':,;`�ti�'"` ' `�� conaeming Bm-rower's oc�npancy of the Property as a prjncipal residence. If this Security Insuument is on a .�_; :<<: �
<br /> . . � r leasehold,Bormwer shall comply with the provisions of the lease.If Bormwer acquires fee titie to the Property.t h e ''' � " -
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<br /> : leasehold and fee tiue shall not 6e merged witess Leuder agcec�s to the mecger In wciting. - .. : . . :-.�;'�`�:.
<br /> � � �� � 6.Cand�nat[on.The pmc.eeds of any award or claim for daipages,direct or aonstquential,in wnnection with .."
<br /> - any condemnarion or other taking of any part of the Praperty, or for conveyauce in place of condemnatioa, are • . _ ';':�-
<br /> � ' _� hereby assigaed and shall be pafd w I.ender to the eatent o€the full amnunt of the iudebtedness that remains�paid : '.�;a� :_
<br /> '. ' , ,.�� und�r the Tiote aad tbis Security Insnv�ment. Ieadcr shaIl apply soch prnceeds to the reduction of the indebtedness ,� -
<br /> . uader [he Note and this Seauiry insaument, fust to any delinquenc amouats applied in the order pmvided in . ��.s, .; - -_
<br /> • paragraph 3.and then to P�paYment of prmcipal.Auy appl�cadon of the pmceeds to the princ3pal shall aot eatend or j. � ���" ..-
<br /> � . � Postpone the ctae date of the monthly payments,whic�ate referred to in paragraph 2,or change the amount of sucdi ,;,.:.; `- _:;
<br /> �� An exce.as mceeds aver an amount required w pay all outstandiag indebtedness under the Note and this ;f`��Y; : v.�
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<br /> . , ✓` S e c u r i ty i n s t r u m e n t s h a i l be p a i d t o t h e en t i t y t e g a ll y entitted thereto. • • . '��•:.
<br /> ?.�. 7. Cha�ges to Borrower and F�otedton of Leuder's IPigitts in the Propesty. Borrower shall pay aU ` . r�-
<br /> , Cha g
<br /> , ; ,: govemmsntal or municipal charges,fines and impositions that are aot inc l n d e d in paragrap h 2.B oaower s h a l l p a y ;: r �s-��
<br /> , � ttiese obligations on time direaly tu the entiry which is owed t he pay�eat. I f f a i lure to pay wo u l d a dverse ly a f f e c t _: ; u !'
<br /> ' - L.ender's interest in ths Property, upon Lender's request Barrower shall pmatpdy fumish to l.eader receipts =.-.`;;�. - .�' ,'�:
<br /> .. , � evidencing these payments. ��, '.'' ��°'
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<br /> � . If Bormwer fails w make these payments or the payments required by Paragraph 2.or fails[o perform any other ( .t..' �' �f7_-.__
<br /> _ �. � covenants aud agreements contaiaed in this Security Iustrument,or ther�is a legal proceeding that may sigaifrc�ntiy •.� .;,,�:,
<br /> � � • .;�. affect Lender's rights in the Property(sucb as a praceeding in hanluuptcy, for condemnation or to enforce laws or . �",. . .. --—_
<br /> , ' regulations), then Lender may do and pay whatever is necessary to pmtect the valae of the Property and Lxnder's .. �
<br /> ` rights ia the Praperty,includin8 PaYmen N, • •
<br /> t of taxes,ha7ard insurance and other items mentioaed ia paragraph 2. '.�����
<br /> . . Any amounis disbursed by Lender under Wis paragraph shall become an additionai debt of Borrower aad bs � _ �
<br /> _. � _ . secured by this Securiry lastrument. These amounts shall bear interest from the date of disbu:sQment. at the Note 4'.���
<br /> � . rate,aud at the opt�oa of I.ender,shall he imrnediatciy due and payable. '= •� �
<br /> Borrower sha11 promptly dischazge aay lien whic�has prtorlty over this Security Insuument untess Borrower: . ��'
<br /> �-.�-.��:
<br /> . � � (a)agrees in writing to the payment of the obligation secured by the liea in a manner acceptable to Lender: (b) . • �-��"
<br /> cantests in good faith the liea by. or defends against eaforcement of the liea in, legal pmcecdiags which in the �A . •:•� . :.w_��-
<br /> -- � � " Lender's opinion operate to prevent thc eaforccm,.^at af the lien; or (c) secures from the holder of the li� an _ ._- —__,--.- _�
<br /> ' � agreement satisfactory to Lender subordinating the llen to this Securiry Insuument.If Lender determines that any part -�°°
<br /> � of the Property is subject to a lien which may attain prioriry over this Securiry Instrument, Lender may give `"'��
<br /> Borrower a aotice ideatifying the lien. Borrower shall satisfy the Iien or take ona or more of the acdons set forW •"' �,¢? . ' �;
<br /> • . abuve within 10 days of the giv�ng of nouce. . . �- `: :•
<br /> . S.Fees.Lender may wllect fees and charges authorized by the Secretary. • ,,� ,_..,`�.
<br /> .. , .,� . , . . ',.•
<br /> � 9.Gm�ds for Acceleratlon of Debt. � �"`�''�
<br /> ., (a)Defs�att. Lender may.except as limited by regulations issued by the Secretary. in the case of payment `
<br /> - �. .� defaults.reguire immediate payment in futl af all sums secured by this Security Instrument if: , . � �
<br /> � . ' (i)Borrower defanits by failing to pay in fiill any monthly payment required by this Security Instrument • ' � '. � `
<br /> .,, � prior to or on the due date of the next monthly payment,or . ��..''
<br /> ` (ii)Borrower defaults by failing, for a perlod of thirty days.to perfarm any other obligauons wntained , . .
<br /> _. in this Security lnstroment. : .. '
<br /> "' (b)Sa1e Wi4hout Credlt Approval. Lender shall, if permitted by applicable law(including Section 341(d) '. •
<br /> ,. 's - • of the Gazn-St. Getmain Depository institutions Act of 1982. 12 U.S.C. 17Q2}-3(d}) and with the prior • ' .
<br /> ` " � approval of the Secretary,require immediate payment ln full of all sums secured by this Securiry Instrument , .• '
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