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<br /> - ` ,:: —' abandoned Praperty. Borrower shall aiso be in default if Borrower, during the loan application process, gave < < . ,..;.• ;
<br /> �,:
<br /> _�- ��y�or in�c�rate iafarcnation or statements to Lender(or failed to provide Lender with any material -- -
<br /> ' �o��� m conIIearoa cvith the loan evidenced hy the Note. inctuding. but not limited to. representations - _
<br /> ,t „ concerning Bercower's occuPancY of the Property as a priacipal residence. If this Security Insmmieent is on a � '
<br /> • leasehold,Borrower shall comply witte the pnovisions of the lease.If Borrower acquires fee atle to the Property.the .
<br /> _ - '-.� leaseiwld and fee tide shall not be merged ontess L.ender agrees to the merger in writing. m connection with L• :
<br /> .e e
<br /> 6.Condcmnatton.The proceeds of aay award or ciaim for damages,direa or coasequential,' � ,� `
<br /> . • aay condemnation or other taking of anY part of thg p�°PertY, or for conveyance in place of condemnation, are • _
<br /> 'i < `' ' . ��yy a�si�and shall be pai d to L e n d e r t o t h e e x t e n t o f t h e f u ri a m o u n t o f t h e i n d e b t e d a e s s t h a t r e m a i n s nn paid , . _�- -
<br />.'� 1 suc�pmceeds to the reduction of the iadebtedness �` `"x``-
<br /> �' ` nnder the Note and this Secauity Iast�nma.�at. Lender shall aPP Y �•.�:.`,.r=-
<br />-.,: ` . • ';:' nnder the Note and this Sea�rity Instrmment, fi�st to aay delinquent amounu applied in the order provided 'w . : __
<br />- . ,. , pazagraph 3,aad then to gnepayment of principal.Aay application of the gmceeds h 2,o rchange the amoun of�such -. , '�� .
<br /> . . �-'..� postpone the due datc of the monthlY PaYments,which are refernd to in pa�ragiap ,: .. .: .
<br />- . p�ym�, pny excess pmCeeds over aa amouut required to PaY all outstanding indebtedness under_tlie Note and this
<br /> entitled thereto. '��`
<br /> Securi�y-Instniment shall be paid to the entiry IegaitY Borrower shall pay, all " '.
<br />` ,.;�.�:.� 7. Charges to �orrowec and Protecifon of I.eade�s Rights fn the Property- •'t" ___
<br /> . ,:;:�,.. . `�
<br /> - . � :• r'•--_� goveram�tal or municipal charges,fines and impositions that are not inciuded in pa�agraph 2. Boaower shali pay .,: n.`,�-.,` ___
<br /> ) t hese o b li g�i oas oa 6me directl y to t6e entity wIuch is owed the payment.If failure to pay woutd adversely afFect �--
<br /> a �;�
<br />- '�' Lender's iaterest � the PropertY. aPon Lend�a's request Borrower shall prom�dy furnish to l.ender receipts
<br /> • � `.i evidencing these P��• ,. , .�`"--4=
<br /> __ � . . 'LL:.;. . If Borrower fails to make these payments or tl�ee payments reclui�d bY P�S�Pb 2.or fails to perform any other ;y`�� .T;�.._
<br /> . . lnctmme or there is a le toceedinS that may significandy ".. �� � ,-�:,:
<br /> .` . . covenants and agr�ments wntained in this Se�ariry *n. �P � �. ,
<br />.:v_< � such as a proceeding in bankruptcy.for candemnation or to enforce laws or � �=-.�
<br /> affect Lender's rights in the ProP�Y( :'• t`''���
<br /> . '� � regalanuns),tthen Lender maY do aad pay whatever is nece�ary W protect the value of the Property aud I.ender's ;-
<br /> ' �.;:.�_-
<br /> , rights in the P�opertY,including PaYment of taxes.hazazd insurance and other items mentioned in paragaph 2. ;• ,-:__-
<br />,•,.•.;
<br /> � � � Auy amounts disbursed bY Lender under this paragrdpS�shal!become an additiona4 debt of Borrawer and be '^-.�
<br /> :.�,;.-.----_
<br /> ' " secured by this Securiry Insuum�nt. 'IY�ese amounts stiall bear interest from the date af disbutseraent, at the Note � �•,.,�--�
<br /> , . ,. �' � ,,..:�:
<br /> : � rate,and at the optioa of Lender.shall be immediately due and payable. .,.' .• �
<br /> ,�_ .� -r,
<br /> $o�y�¢c��halg prompdy dischatge any lien wIuch has prioriry over this Se�uriry Instrument unless Borrower: ��`�'-
<br /> - - ---�-� - (a)agrees in writin8 to the payment of the obligarion secured by the lien in a manner acceptable to L.ender, (b) ' ; � � ��,- :��'_
<br /> . ' contests in gaad faith the lien by, or defends against enforcement of the Iien in, legai praceedings wluch ia the .,: .:': `::a i,.-
<br /> ' • .. Lender's opinioa operate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an }_ � ..�.»�-�
<br /> � � � agreement satisfactory to Ler►der subordinatiq,che lien to this Security Instrument.If Lender determines that anY P� �.,,�i?�.�`�
<br /> ' � ` �; of the Ptoperty is subject to a lien wluch may attain priority over this Security Instrument. Lender may give - : : :,.�,;��:-
<br /> Horrower a notice identifying the lien. Borrower shall satisty the lien or take one or more of the actions set forth -_
<br />.•..; �� � . above within 10 days of the giving of notice. ' �
<br /> ' � .� 8.Fees.I.ende:may collect fees aad chazges authorized by the Searetary. ',� :.' ,'` .?,�t-
<br /> � �'� 9.Gromids for Acceleratiaa of De6� ' •' . . •.
<br /> . • .. (u)Defaal'8.Lender may,except as limited by regulations issued by the Secretary, in the case of payment z'. - - --
<br /> • defaulu.r�uire immediate payment in full of all sums secured by t�:s Security Instrument if: s, .::•��' ..
<br /> ., (i)Borrower defaults by failing to pay in fuil any monthly payment required by this Security lnstrument `;:�� �� ,
<br /> � � prior to or on the due date of the next monthly payment,or �
<br /> ,:. °. _ . .
<br /> � (ii)Borrower defaults by failing,for a period of thirty days,to perform any other obligations containec�
<br /> � in this Securiry lnstcument. . . �• '
<br /> � �• � (b)Sale Withoa!Csedit Approval.Lender shall, if permitted by applicable law(including Section 341(d) ,
<br /> ro
<br />'�,'' ' . of the tiam-St. Germain Depository Insutuuons Act of 1982, 12 U.S.C. 1'701j-3(d)) and with the prios _
<br /> :�;.� . , approval of the Secretary,require immediate payment ln PoIl of all sums secured by this Security Instrument
<br /> . . if: '.. � . .
<br />.. . ' , . �R(NE)198051.07 vapo4o18 �Ntials�%� . . ' ..
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