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<br /> . �,4:."..:..-� abaa�oned Property. Bortowe* shall also be in default if Borrower, during t6e loaa application prooess. gave :�� � �� .
<br /> : - matarially false or inaccurate information or staiements w Lender(or failed to provide L.ender with any material . , `
<br /> 7_c-� , -'-`. infarmazion) in oonneaion wit€i the toan evidensed tsy the I�tote, iaclwiiag. but aot limited to. rePresentatioas r�,=� -
<br /> � , ,. � oonceming Basrower's occupaac.y of the Properiy as a pruteipal residenCe. If this SeCUrity �natrnmemt is oII 3 .
<br /> . ,'�� leasehold,Bormwer shall oom�ly cvith the provisions of the lease.If Boriower acquires fee tide to the FropenY.the - �_ ��_ �-�_ . ;
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<br /> leaseho2d and fee title shaU not be merged�mless Lender agrees to the merger in wrIting. .:•�,.
<br /> �� ' 6.Coad�nnat[oa The pmceeds of any award or claim for damages,di�ecc or coasequenrial,in wnnection arith - .
<br /> .•r`�,. . aay condemnation or other taking of aay part of tha Progerty, or for conveyance in place of coademnation, are "-•'•,��;.
<br /> = � hCreby 3ssigned aIId Shall be paid Io L�IIdet to[I16 ex[enL of the full amouni of ihe ind�ebledness t11aI fe*!!aina�p2id - ---_
<br /> ;� � , uader t6e Note and this Security Insuument. I.ender shall apply sucdi pmceeds to the redu�tion of ttie indebtedness ` ,::�,r=���
<br /> '� � imder the Note and this Securiry Instm�^_t, fizst to any delinqueat amo�mts applied in the order pmvided in ;'�``
<br />: . ` parag�h 3,ansl then to Prepayraent of priacipal.Aay agplication of the pmoeeds to the priacipal shaU not extend or • • °r--
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<br /> . . - postpone the due date af th�monthlY PaYmenu,which are referred to in paragraph 2,or change the amrnmt of such -,, . .�.�-
<br /> .. , Payments. Aay excess proceeds over an amount required to pay all wtstaading indehtedness under the Note and this ,•
<br /> .;;° < $�ty ln ,ment sl�all be paid to the eRiity legally eIItilled titereto. .. --
<br /> ' • 7. Cha�ges to Borrower and Pirotettfon of I.emder's Rtghtg ia 4he Yroperty. Bomuwea shall pay all - - _._.
<br />- �. � :.:_<; govetnme�al or muaiclpal c6arges,fines and impositioas that are not included in paragtaph 2.Bor�wer shall pay _ � . . ,..!
<br /> � . --� these obligations on time directly to the endty wlucb is owed the payment. If faihue to pay woWd adveisely affect •�,.'"`�'�'��;.�
<br /> . � .`.� I.ender's interest in the Pmperty, upon Lender's request Borrower shaU P�PUY �� to lender receipts '.. �,r-
<br /> . � �.. �'� -- - - _
<br /> • • evid�cing chese payraents. . .�,�,.�`� ���
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<br />_' . :c::�• If Bo:rower fa�s to make these payments or the payments reqnired by paragraph 2.or fa�s to perform any other �6��.
<br /> covenants and agreements contained in this Security Insuument,or there fis a iegal pra�eding that may significantly �:�_;;�� .,,:�:
<br /> � ' � affecc Lender's rights in the Pnoperty(such as a pmce�ling in bantuupuy,for condemnation or to eafa�e laws or • —_
<br /> �� . ..` ". regularians),then Lender may do and pay whatever is nece.csary to protect the value of the Properry and Lender's ` ,.��.-
<br /> ' ;, rights in t�e Properry,iaclading Paymeat of taxes,ha7ard insvrance aad other items mentioned in paragraph 2. - -__
<br /> : � �:'..r� Any awouats disbtused by Lender under t6is paragraph shall become an additional debt of Borrower and be '� . --
<br /> �... .
<br /> . • � . ,- secured by[his S�urity Insuument. These amounta shall bear inse�est from the date of disbnrsement, at the Note t . �:�:'s�:�
<br /> - � ' • rate,and st the option ef Lender,shall be immediateiy due and payable. �r ••?�'�!t�
<br />� � .� • Bormwer shall���tly discharge any lien which has priority over this Security Insuument unless Borrower: �T:c';��`. ?+�'�'.
<br /> . .,. ,�,.:
<br /> : � ,. ,�;s� (a) agrees in writing to the payment of the obligation secured by the liea in a manner ac�ceptable to Leader, {b) ��
<br /> � . .-. - • contests ia good faith the lien t=y,ar defends aa�nct enforcement of the lien ia, legal proceedings wluch in the �.
<br /> � • � !' Lender's opinton operate to pre�e�t the enforcement of the lien: or (c)secures from the holder of the lien an : `+•�r_.�_..�
<br /> �•,::_�.
<br /> �. � , agreement satisfactory to Lender subordinating We lien to thls Security Instn�ment.lf Lender determiaes that any part • ..
<br /> ;� ' ' of the Property is subjea to a lien wHich may attain priority over this Security Insttum�t. Leader c�ay give ' :"�:_*_
<br /> � Bonower a notice identifyiag the lien. Borrower shall satisfy the lien or take one or more of the actio:s set forth '•:•,��
<br /> � above within 10 days of the giving of norice. . . `�
<br /> �_;
<br />__ • . ...._ 8.Fees.I.ender may collect fees and charges authorized by the Secrpta�}+• . :4` _. _;�„�:,:
<br /> � '� 9.Grounds Pos Acceleratfon of Deb� ���`-
<br /> . (a)Default. II.endet may.eacept as limited by regulations issued by the Secretary,in the case of payment � '-'-'�-=
<br /> '::�:�. defaults.require imnad�:ce paymeat in full of all sums secvmd by tlus Securiry Insm�ment if: - ',_=:=-
<br /> � � � (i)Borrower defau;ts��failing to pay in full any monthly payment required by this Securiry Insuument .� "'L'�
<br /> - � � � � prior to or on the due�:.e of the next monttily payment.or � •
<br /> "' ; � (ii)Borrower defaulu by failing.for a period of thirry days.ta perform any other obligations contained � , .
<br /> .. in this Security Instrument. � :i'.
<br /> � � (b)Sate Without Credit Approval.Lender shall.if permitted by applicable law(including Section 341(d) � . ' •
<br /> � ' of the Gam-St. Germain Depository Institutions Act of 1982. 12 U.S.C. 1701j�(d)) and with the prior
<br /> '��! appmval of the Secretary.require immedia[a payment in fuU of a11 sums secured by this Security Instrument .
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