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<br /> ! � � abandoned Ptoperty. Bvrmwer skall atso be w default if Borrower. dwing the loan applicadon pmcess, gave - . ',, �•
<br /> ` .; �i.� materialty false or inaccurate iaformation or statements to Lender(or fa�ed to provide Lender with aWr material "'.,.
<br /> information) in oonnection with the loan evidenced by the Note, including. but not timited to. representations t4..� .'.;. ,
<br /> . . conceming Botrawer's occupancy of the Properry as a grincipal residence. if this Security Instrument is on a .. .`z ,
<br /> � � • leasehold,Bormwer shaU c�mply with the provisions of the lease.If Botrower acquites fee side to the Prnperty,the ' �, , `;
<br /> . , . , leasehold aad fee title shall not be merged unless Ixnder agrees to the tnerger in writing. K. .:-.<.: : � ��.,...
<br /> ` .. • � .'�= 6.Condemnatiaa.The proceeQs of any award or claim for damages,direct or consequentiat.in coffiecxion with � '.�',,:
<br /> ' . � any condemaation or other taldng of any part of the Property, or for aonveyance in glace of condemnation, aze `;'`���:
<br /> ` .. hezeby assigned and shall be paid to I.ender w the eatent of the fnll amoant of the indebtedness that*�„a;na unpa�d �:"'?�`-
<br /> � nnder tbe Notc and this Securiry in�m�menc.T,ender shall apply such pmceeds to the reduttion of the inde6tedness � -
<br /> � under the Note and tbis Se�urity Insaument, fust w any delinquent amounts applied ia ttte order pmvided in . . -
<br />. � ` ' � . PamSraPh 3,and then to PrePaYmem of principal.AnY aPPUcation of the proceeds to the principal shali nQt extend or .. •;' �-
<br /> � . ,,;�,.. P��Poae the due date of the montiilY PaYmeats•wluch am cefernd to ia paragraph 2.os c6ange the amount of such ._
<br /> . � ' . payments. Nn}r eaoess prnoeeds over aa amoimt ceq�ired to pay all owstanding indebtedness nnder the Note and this -
<br /> ` • ' Secvrity Inst�ment shall be paid to the enrity legally eatitled thereto. ' :�___
<br /> _� _ . . _ . - �, C�e�s W Bomower aad Prote�ion of L�uder's Rigbts in the Propertp. Borcower s6a11 pay all . �--
<br /> � •� ' govemmental or mwucipal charges.fines and impositions that are not included ia paiagraph 2. Borrower s}�all pay - , �:;�°=
<br /> ,.,�T. these obligations on time direcdy to the eatity wlrids is owed the paymen� If failure to pay would adversely affect �'�``=
<br /> � I�nder's interest in the Property, upon Lendsr's request Borrower shaU prompdy fiunish w l.ender receipta ' ' f:�;�'=:.r-
<br /> � . � � evidencing these payments. : �;---
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<br /> , . .- If Borrower fails to make these payments or the payments required bY P�Ph 2,or fa�s to perform any ottier •.,.►.aa��
<br /> � ':<<-..
<br /> . �;: covenants and agreements contained in this Security Instrument,or there is a tegal pmceeding thaz may significandy� ., -_-
<br /> . a�e�x l.ender's rights in che Propecty(sucii as a pmceediag in bankrupuy, for condemnation or to enfo�e laws or ,:.`;r�;r.,
<br /> , regiilations), then Lender may do and pay wftatever is necessary to pmtect the value of the Property and Lender's :.P�-
<br /> righu in the Property.includiaS PaYment of taxes,hazatd'+_��+,R,nce and other iteu�s mentioned'm paragraph 2. . ; „�_—-
<br /> . Any amouats disbursed by Lender under tUis paragraph shall become an addiaonal debt of Borcower and be ,�", ... _�
<br /> . . . secured by this Securiy Insuvment. These amounts shall bear interest frum the date of disbursement, az the Note �:` x:�_';
<br />' . � rate.aad at the option of Lender.shall be immediately due aad payabte. ;'�_
<br /> ' � • Borrower shail pmmpdy discharge auy lien which bas pr�ority over this 5ecnriry �m t uNess Botrower. _
<br /> _ . ,. - (a) agees in writing to the payment of the obligatian seaued by the lten in a manner acceptable to Lender; (b) •�� �±�
<br /> �?',' contests in good faith c� lien by, or defends a,ga+n�t enforcement of ihe lIcn in. tegal pmceedings wluch in the �.'���'_�
<br /> ' _ ' . l.ende;s opuuon opera�e co prevent the enforcement of the lien: or (c) secures from the holder of the lien aa .. ; " ' '"'
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<br /> . . agreement satisfactory to Lender subordinating the lieu to this Sesurity Instnuaeat.If Leader det�rm+��that aay part • :: ^�z"
<br /> � ' of the Property is subject to a 1}en which may attain prioriry over this Security Insuament, I.ender may give °:�-
<br /> _ .. Borrower a norice identityin$the lien. Borrower shall sadsfy the lien or take one or tnore of the acxions set forth • .��',:
<br /> .��m
<br /> � � , ' • above with�n 10 days of the giving of notice. :f�,:.T`-' ��-
<br /> . S.Fces.l.ender may col2ect fees and charges authorized by the Secretary. :'' °" . �
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<br /> � 9.Grovndg for Acc�lesatton of Debt. . . -•
<br /> � � (a)Defau[t. Lender may, eacept as lanited by reguladons issued by the Secretary,ia the case of payment `T-�.
<br /> defaults.require irmnediate payment in full of all sums secured by this Securiry lnsuument if: .
<br /> � (i)Borrower defaults by failing to pay in full any montLly payment required 6y this Securiry Instnuaent .
<br /> � . prior to or on the due date of the next montWy payment,or , ' ,
<br />. =. � , (ii)Borrower defaulu by failing,for a period of thirty days,to perform any other obligauons wntained � •
<br /> � in this Security lastrument. . •
<br /> ' (b)Sale Withont Credit Apprnval.Lender shall, if permitted by applicable law(including Section 341(d) t �
<br /> : �� � of the Gazn-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d))and wiW the prior � . � . :
<br /> . approval of the Secretary.require immediate payment in fiill of all sums secwed by this Securiry Insmiment
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