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<br /> abandoncd Property. Borrowcr shall also be in d�fault if Borrowcr, during thc luau applic��iion prucr.+. �:a�r
<br /> ••a�'� materially false or inaccuratc information or stltements to l.e:ndcr (or failcd to providc Lcndcr with :in>� m:ucri:�l
<br /> •°'� '"� information) in connection with [he loan evidenced by the No�e, includin€. Uuc noi limiird iu. reprr�cn�:�in�i�+
<br /> ` concerning Borrower's occupancy of the Property as a principal residence. U' �hi, Scc�iriiy Insu�umcni n ���� •�
<br /> leasehold, Bonower sliall comply with the pravisians of thc Icase. If purrower;icqwre� �re uilr i�� ihc I'r����r��� ���:
<br /> ':' leasehold and fee title shall not be mergcd unless Lender agrees to thc mcrger in�vriiin�;. _- _
<br /> 6.Candemnution.The proceeds of any a�vnrd or cllim for damages, direct or consequential, in connecnon with :��.
<br /> �� any condemnation ot other taking of any pan of the Pmperty, or for conveyance in place of condenivation, are ,r.;F�
<br /> �, hereby assigned and shall be paid to Lender to the extent of che full amouni.of the indtb�edncss thac remains unpaid v=-
<br /> � under the Note and this Securiry lnstrument. l.ender shall apply such proceeds to the reduction of the indebtedness _
<br /> � under the Note and this Security Instniment, first to any delinquent amounts applicd in the ordcr provided in =_
<br /> , parasraph 3,and then to prepayment of principal. My application of the proceeds to the principal shall not extend or ,_
<br /> � postpone the due date of the monthly payments,which are refened to in paragraph Z, or change the amount of such _
<br /> • payments. Any excess proceeds over an amount required to pay all outst�+nding indebtedness under the Note and this -_
<br /> . Security Instrument shall bc pald to the entiry le$ally entitled thereto. _
<br /> •" 7. Charges to Borro�ver und Protectfon of Lender's Rights in the Property. Bonower shall pay all . __
<br /> governmental or municipal chazges, fines and impositions that �re not included ia paragraph 2. Bo�rower shall pay
<br /> ` these obligations on time directly to the entity�vhich is owed the payment. If failure to pay would adversely affect . _
<br /> Lender's interest in the Property, upon Lender's requcst Aonower shall promptly fumish to Lender receipts '' �_
<br /> evidencing these payments. "`
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<br /> � If Borrower fails to make these payments or the payments required by paragraph 2,or fails to perform any other -��
<br /> rnvPnantc and avreements contained in this Securitv Insttvment,or there is a legal proceeding that may significantly ':�.
<br /> �v°'� � affect Lender's ri hts in tltc Pro en (such as a roceedin in bankru tc , for condcnuiatian or co enforcc laws ur
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<br /> - regulations), then Lender may do and pay whatcver is necessary to proeca the value of the Properry and Lcndc�'s =
<br /> tights in the Property, including payment of taxes,hazard insura�ice a�id other items mentianed in paragraph 2.
<br /> , :;:.:,: Any �unounts disbursed by l.ender under this paragraph shaU 6ccome an addicional dcbt of Borrower and be
<br />_s'�,;'^', ' :f , sec:ured by this Security Instrument. These amounts shull bear interest from che date of disbursement, at the Nutc
<br /> rate,and at the optian of Lender,shall be imme�iately due and payable.
<br /> -�'���;x'>` Bonower shall promptly discharge any lien which has priority over this 5ecurity (ns[rument unless Borrower.
<br />-��^`� '�:" (a) agrees in wdting to the payment of the obligation securcd by the lien in a manner acceptable to Lcnder; (b)
<br /> :�;'�;�:�.,; . contests in good faIth the lien b,y, or defends against enforcement of the lien fn, legal proceedings which in the
<br /> �f:t,;.:�• Lender's opinion operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an
<br /> ��==r's�� : agreement satisfactory to L.ender subordinatingthe Ilen ro this Security Instrument. If Lender detemunes tliat any part
<br /> •�-'�""S"" of the Pro rt is sub ect to a lien which ma attain norit over this Securit Instrument, Lender may give
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<br />.-;�;;?� +� Bonower a notice identifying the licn. Bono�aer shall satisfy the lien or tnke one or more of the actions set forth
<br /> •'._t�t�'__� above within 10 days of the giving of notice. ___
<br /> °-_-- 8.Fees. Lender may collect fees and charges authorized by the Secretary.
<br /> - 9.Grounds for Acceleraffon of Debt.
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<br /> -_._-._ _ (a)Defnult. L.ender may, except as limited by regulations issued by the Secretary, in the case of payra�nt _
<br /> _'-'__'. defaults, require immediate payment in full of ail sums secured by this Security Instrument if: �.
<br /> ,:,�,�„�„_ (i)Borrower defaults by failing topay in full any monthly payment required by this Security instrument -
<br /> -- -- prior to or on the due date of the next monthly payment,or
<br /> _��,_� (ii)Bonower defaults by failln�,for a period of thirty days, to perform any other obligations containcd
<br /> - _���. in this Security Instrument. -
<br /> ""���•• (b)Sale i'V(thout Credit Approval.Lender shall, if permitted by applicable law (including Section 341(d1 _—
<br />°���'a7� '9"` '� of the Garn-St. Gertnain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with ihe priur �- -
<br />-:"�`u;`,,'�y',,?�;; approvll of the Secretary, rcquire immediate payment in full of all sums secured by�his Sccurity Instrumcm ��'-
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