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<br /> Borrower shall also bc in dcfault if Borrowcr,during thc loan applicadon process,�ave materinlly falsc or inaccurate ' T.�
<br /> �' Informadon or statements to Lcrtder(or failcd to provtde Lcnder with any material informadon)in connecdon with thc �'
<br /> • lorn evidenced by the Note, including. but not Wnited to.representadons conceming Borrower's occupancy of the •, •>`
<br /> Property av s principal residence. If this Securiry Instniment is on a leasehold, Borrower shall comply widi the ��_`
<br /> provisione of�he lease.If Bonower acqaires fce tide to thc Property,the leasehold and fec tide shall not be merged �•
<br /> .�;s.;
<br /> unless Lendes egrees co the merger in writing. :.___--
<br /> 6.Condemnatlon.'ihe proceeds of any eward or claim for damages,direct or consequential,in connecdon with =.;"�
<br /> � any condemnauon or other tekin8 of any part of the Property,or for wnveyance in place of condemnauon,are hereby •;.`-_-----
<br /> assigned and shall bc paid to Lender to the eatent of the full amount of the indebtedncss that remains unpaid under thc . -
<br /> Note and this Security TnstrumenG Lender shall apply such proceeds to the reduction of the indebtedness under the Note :,'�,-:;--
<br /> and this Security Instn►ment,fast to any delinquent amounts applied in tha order provided in paragraph 3,and then to _ __
<br /> � prepayment of piincipal.Any applicadon of the procee�s to the prineipal shall n�t e�tend or postpone the due datc of the : _
<br /> `� ' monthly paymeatts,which ere refetred to in parag[aph 2.or chenge the amount of such payments. Any eacess procec•.ds =-'�
<br /> • over an amount required to PaY aA outstanding indebte�lness under the Nate and this Security Instrument snall be paid to .:.i���r;
<br /> the entity legally endded therew. . �"<�,
<br /> 7. C6arges to Borrower pnd Protectbn of i.ender's Rlghts in tt�e Property. Borrowcr shall pay all �'_-•��
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<br /> � ; govemmental or municipal charges,fine�end imposidons that are not included in paragraph 2.Borrower shall pay these .
<br /> ' obligadons on dme dlresdY W the endty which is owed the paymen�.If feilure to pay would adversely affect Lendez's �?�-��;
<br /> ' , Lt�erest in the Property,upon Lender's request Dorrower shal9 ptompdy fumish to Lender receipu evidencing these .::;�
<br /> ��, PaYments. �.��� a.,—
<br /> If Bomower fails to meka these payments or the payments req u i r e d by paragrep h 2,or f e i l s t o pe r f o r m a n y o t h e r •; ;J�•��.
<br /> �, covenants and egroements contained in this Security Instrument,or there is a legel proceeding that may significendy �� ^�;�.aeL�.
<br /> ____�_ �.�at����o�fiy����p��„�e� �e�� � a�,r�ee�line in ban�uptcy,for condemnarion or to enforce laws or �;„-•"i�.�- _
<br /> regulations). Ihu�I.ender may do end pay whatever is necessary to protecc the value of the Property and L.ender's dghis :
<br /> in the Property,including pa}nnent of texes,ha�ard insivance and other items mendoaed in paragraph 2.
<br /> .. � s pny amouats dLsbursed by Lender under this paragreph shell become an edditional debt of Borrower and ba
<br /> - � , seciued by tht�Securlty Instrumen�These amounts shall bear interest fmm the date of disbursement,at the Notc rate, _
<br /> and at the apdon of I.ender.s3►all be immediatelY due end payable. :���
<br /> 8otrower shall promptly discharge eny Ilen whIch has priority over this Security Insuument unless Bomower: (a) �_
<br /> ' :. agrees in wriung W the payment of the obligadon secured by the lien in a manne�ecceptabla to Lendu;(b)contests in �,
<br /> �, good faith the lien by,or defends against enforcement of tt�o lien in.legal proceedings which in the Lender's�pinion r_.
<br /> o�erate co prevent the enfarcemer►t oF the Hen;or(c)secares from the holder af the lien an agreement sadsfactory w �.,
<br /> Lender subordinatiag tha lien to this Security Instnuneae.If LencDer determtnes thet any pan of tha Properiy is subject to �:_�
<br /> - � a lien which may auain pr�odry over this Security Instrument,Lender may�ive Borrower a nodce identifying the lien. ��:
<br /> Borrower shall sadsfy the lien or u►kc one or more of the actions set forth above within 10 days of the giving of nopce. '"'�—'�
<br /> 8.Fces.Leader miay oollect fees and charges nuthorL•.ed by the Secretary. �" '
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<br />-_� 9.Grouods tos AacelerAtton of Debt.
<br />.`. (p) petstul� Lender may, oxcept av limited by reguludons issued by the Secretecy, in the case of guyment
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<br /> , ;; _ �NFA�rQ�r���.g imme�i�te�yment ln full of all sums secured by this Securiey Instmment if: �
<br /> ' � (i)Horrowu defaulis by faillng to pay in full an}r monthly payment rec�uired by this Security Insuument -----
<br /> .� pd�r w or on tha due date of Ihe next monthly payment,or
<br />_-�_ (i� Boirower defaults by failing,for a period of thirty days,to perform any other obligadons contained in >__ __
<br /> _° ihis Securiry Instrument. � �w
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<br /> � �•'��• (b) Sale Wit6out Credit ApRroval.Lender shall.if pem�iucd by applicable law(includin�Sectlon 341(d)of _ °
<br /> __ �� ;;� �� the Uarn•S�Gem�ain Depository Insututions Act of 1982,12 U.S.C.1701j•3(d))and with the prIor approval of -__—__
<br />_ q the Secremry.requfre immedlate psymant in full of all sums secw�ed by this Securiry InstruR�ant if: _ __
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