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20110814� abandoned Properiy. Boxrower shall also be in default if Bonower, during the loan application proces.a, gave materially false or fnaccarate information or atate�cents to I.endet (or failed to provide Lend� with any material anformation) in connection with the loan evidencxd by the Note� including, but not limite� to, repres�tations concerning Boxrower' s occupancy of the Properiy as a�riacipal residence. If this Security Instnmoent is on a leasehold, Borro�c+er shall comply with the provisions of th� lease. If Bortower acaquires f� �tle to the Properly, the leasehold and f� title shall not be merged unless Lender agrees to the merger in writing. 6. Condemnal3on. Tha proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any par� of the Property, ar far conveyance in place of condemnation, are hereby assigned and shall be paid to Lender to tha extent of the full amount of tha indebtedness that ranains unpaid under th� Note �nd this Security Instrumen� Lender shall apply such proceeds to the reduction of the indebtertness uader the Note and tlus Securiiy Instrument, first to �ny delinquent amounts applied in the ord� provided in paragraph 3, and theu to prepayment of principal. Any application of the proceeds to the principal shall not extend or postpone the due date of the monthlY payments, which are refexred to in pazagraph 2, ar change the amoimt of such paymants. Any excess proc�cis over an amount re�uired to pay all outstanding indebtedness under the Nots and this Security Inst�vment shatl be paid to the sntity legally entifled the�reto. 70 �arges to Borrower and Protectton of I.enderPs R�ghts �in the ProperLy. Borrower sha11 pay all governmental or municipal charges, fines and impasitions thaY aze not included in paragraph 2. Boirower shall PaY these obligations on � directly to the entity which is owe� the payment. If failure to pay would adversely affeet Lender' s interest in the Progerty, upon I.ender' s request Borrower sha11 PromPtlY fumish to Le�der r�eipts evidencing these payments. If Borrower fails to make these payments or the payme�t,s required bY P�h 2, or fails to perform any other covenants and agreements contained in this Security Insttvment, or there is a legal proceeding that may signific�y affect Lendar's righfs in the Frogeriy (such as a proceading in bankruptcy, far condemnation or to enforce laws or reg�alations), � Lender may do and pay whaY.ever is �er,essary to protect the value �f the Properiy and Lender's rights in the Froperty, including payment of taxes, ba�ard insurance and other items mentioned in paragraph 2. Any amounts disbursed by Lendec under this paragraph shall bec;ome an additional debt of Borrowar and be secured by this Securi4y Instrument. These amounts shall bear interest from the date of disbursement, at the Note rate, aad at tlae option of Lender, sbatl ba immediately due �nd payable. Bora�ov✓er sh�ll promrptty discharge any lien which vas priority over this Security Ins�t unle� Bonower. (a) agrees iix writing to the payment of the obligation secured by the lien in a manner ac�ptable to Lender; (b) contests in good faitli the lien by, or defends against enforcement of tYie lien in, legal proc�edings wlrich in the I.ender's opinion mperate to prevent the enforcement of the lien; or (c) secures from the holder of the lien an agreement satisfactory to Lender subardinating the lien to this S�urity Instrument. If I.ender determines that any part of the Property is subje�t to a lien which may attain priority over this Security Instrumeat, Lende� may give Bonower a notice xdentifying the lien. Bonower shall s� the lien or take one or more of the actions set fmth above within 10 days of the giving of notice. 8. Feeso Lender may collect fces and charges authorized by the S�cretary. 9. Grounds for Acceleratlon of Deb� (�) Defaul� Lender ma.q, �cept as limiteri by aegulations issued by the S�retary, in the case of payment defaul�, require imme�iate payment in full of all sums secure�i by this Security Instrument if: (i) Borrower defaults by failing to pay in full any monthly payment required by tius Se�urity Ins�at priar to ar on the due date of the next monthly payment, or (u) Boirower defauits by failing, for a period of thirty days, to perform any other obligations containe� in this Security Instrument. (b) Sale Withont Credit ApprovaL Lende� sha11, if permitted by a�plic�ble law (including Section 341(d) of the Garn St, Gennain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior approval of the Seaetary, recluu'e immeriiate payment in full of all sums sec�u� by this Security Inslrument � 2200183491 n v4xt�: i�a�: � VMP�-4N(NE� �oao��.o� PeBe 4 of B