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<br /> 4 abandoned Praperty. Borrower s6a11 also be in default if Bormwer, during the loan application process, gave ` " , � .
<br /> `z . � materially faLse or inaxurate information or statemenu to I.eeader(or failed to pmvide Lendet arith aay mazerial ' ; �_ "
<br /> . ` • information� in oonneaian with the loan evidenced by the Note, including, but not limited to, rePresentations _ , ; ;� • ;•
<br /> L�i: � . � concerning Borrower's oaupaacy of the Property as a principal resi dence. I f t h i s Securiry I n s t r u m e n t is oa a .. "-: . �-`
<br /> Y�;;� leasehold,Borrawer shall comply witb the grovisions of the Iease.ff Borrewer acqaires fe�ade to the Property.the ,� t � -_
<br />'', . leaschold aad fee ritle shall not be merged unless Ixuder ag�ees to the merger in writing- < "`_
<br /> ��� � 6.Condemnatlan.T6e proceeds of any award or claim for damages,direcc or conseqaemial,in connection witTn '"�','-
<br /> ,� �~ � . � any condemuation or other taking of a�+ part of the Propecty, or for couveyance in place of condemnation,aze � �_
<br />_;�:, ��. , � >= hereby assigIIed and stiall be paid to Lender to the eAteat of the fuU amount of the indebtedness that cet��¢unpaid � ;-
<br /> --� uuder the Note and this Security I�trument. L�tder shall apply such praceeds to the reduction of the indebtedness .
<br /> �: _ , ',� `;+
<br /> under the Note and this Serurity Instr�ment, first to any delinquent amounts applied in the order pmvided 'm
<br />�s..�.�: � � � ' -__�
<br /> �,.��• • • paragraph 3,aad then to prepayment of priacipal.Any applicatian of the pmcee8s ta the principal shall not exteud or _
<br />�' '' ; � " postpone the due date of the montlily payments,whicb are neferred to in pazagcaph 2,or change the amount of such __
<br /> � � , paymeau. Aay exce�proceeds over an amount re�ired to pay all ouutanding indebtednc�ss uuder the Note and this �.,. •�' --
<br /> `' . °=`.� SeWrity Inst�umeat shall be paid w the endty legaUy endded thereto. -... �." _
<br /> �'; • °.'` 7. Cha�es to Borrower aed Protedton o� Lender's Rights in the Property. Borrower shall pay all . �'`��'
<br /> . .'ti. �;�:s..=
<br /> �- . . • governmeatal or municipal charges,fines and imposidons that are not included in paragra�h 2.Borrower shall pay .'=�:T�=,�.
<br /> �.H. . . . �,t . .
<br /> • these obligations on dme directly to the entiry which is owed the payment. If failure to pay wontd adverseIy affect .:'_',,r•..E�_,,:---
<br />-�F . -.• ` ..��` Lender's iaterest in the Pr+operty, ugon Lender's request Borrawer shall promptly fwmi.vh to Lender receiots . :,. ..: 1 --�
<br /> ' ,� . evidencing these payments. ` . ", ' �
<br /> `' '� •� . If Borrower fa�s to matce these paymenu or the payments reqwred by paragraph 2.or fails to perform aay ather ,�' _ _
<br /> � . . -
<br /> j�"'` . . covenants and agreements wntained in this Seca�riry Insnvment, or�here is a legal proceeding tbat may sign�f' csaatly ' - ,_-
<br /> �`:':= ' affea Lender's rights in the Froperty{such as a pmceeding in bankruptcy, for condemnation or to enforce laws or � --
<br />'���� � regulations>,then l.ender may do and pay whatever is n�e�aary to protect the value of the Froperty aud L,ender's ...`� . --
<br /> . ' � � rights ia the Property.includiag payment of taaes,ha�d incnrance a11d oltter items mentioned iII pala$mph 2. . ' =��ir.=-
<br /> I. � ��Si1�„�
<br /> _.,�: .. Any amounts disbutsed by Leader uader this paragraph sball become an addirional debt of Borrower and be ' :.;,? :,:�-
<br /> � . � secuced by this Security Insuumeat. These amoants shall bear interest from the date of disbursement, at the Note ,_.'r� `�-°-�
<br /> �!` '' '_ , _._ _ rate,aad at che option of lxnder,shall be immediazely due and payablc. •. �—
<br /> s..,;,,.. . '; ;��._.
<br /> ' . Borrower shall prompdy discharge any lien which ha4 priority over this SecurIry Instrument unless Borcower: -. � ��_
<br /> �� (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lea der; (b) �=a��-
<br /> ` ', wntests in good faith the lien by, or defends against enforcement of the lien in,legal proceedings wLich in the �.��-x'.:
<br /> Lender's opinion operate to prevenc the enforcement of tbe lien; or (c) secures from the hotder of the lien aa � �•• �_
<br /> - ' , .� � a�eement sa[isfactory to I.ender subordinating the lien to this Security insuument.If Lender determi�es that any part _ �. �_
<br /> �� � � of the Property is subject to a lien wbich may attain priority over this Security Insuument, Lender may give . : �'-
<br /> s„ ... --.
<br /> T- ' Borrower a nodce Identifying the liea. Bonower shall satisfy the Ilen or take one or more of the actiaas set fortb .. .. ° r��
<br /> .� ., . ,
<br /> • tibove wit6in 10 days of the giving of notice. -
<br /> . -- � .. : S.Fees.I.ender may collect fecs and chazges authorized by the Secretary. . . �'.
<br /> , ' . . 9.Groundg for Acceleratioa of Debt. '�i' '' ..
<br /> �•'�� � ' (a)DePaWt.Lender � � .
<br /> may.except as limited by regulations issued by the Secretary, in the case of payment
<br /> e'�'.. . defaulu,require iminediate payment in full of all sums secvred by this Security Instru�ent if: . �
<br /> (i)Borrower defaults by failing to pay in full any monthly payment required by this Secarity lnstrument � .
<br /> • „ '. prior to or on the due date of the next monthly payment.or � .. . . .
<br /> : ' , . (ii)Borrower defaules by failing.for a period of thirty days.to perform any other obligations wntained : , . �
<br /> : �`�;: ' in this 5ecuriry lnstnrment. �
<br /> . � . (b)Sate Without Ca�edit Appmval. Lender shall. iipermitted by applicable law(including Section 341(d) '°�
<br /> ,� •; ' of the Gam-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior • �
<br /> '� ', . � approval of the Secretary,require immediate payment in full of all sums seciued by this Security Instn�ment ' .
<br /> if: . .
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