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<br /> abnndoncd Property. Bono�ver shall also be in default if Bonower, during thc loan appllcntion procesy, glve
<br /> � � materially false or inaccurlte information or statements to Lender (or fulled to provide Lender with any matedal
<br /> � i informatian) in connection with [he loan evidenced by tlie Note, including, but not linnited to, representations
<br /> ! concerning Burrower's oceupancy of the Property as a principal residence. lf this Security lnstrument is on a _
<br /> ; leasehold, Borrower shall comply with the provislons of the Iease.If Borrower acquires fee title ta the Property, the „ .r=V , Y __
<br /> � leasehold and fce title st�all not be mcrgcd unless Lcnder agrees to the merger ln writing. .�. ,;.,_,;;
<br /> 6.Condemnation.The proceeds of any award or claim for damages,direct or consequential, tn connection witU .�����.
<br /> any condemnation or other taking of any p�n �f the ProPeny. or for convcyance in place�f condemnadon, are �^;^_„`_-_ _ __
<br /> here by assig ned and shall be paid to l..endsr �a�h d�r shall a thl �suc proceeds oe che e r e d�c ion o f t hem nd bt dness �:� i --
<br /> �� under the Note and this Securiry lnstrument. I.en Pp Y .. �•�.._._
<br /> under the Note und this Security In$uument, first to any delinquent amounts applied in the order provided tn ---
<br /> paragraph 3,and then to prepayment of principal.My application of the proceeds to the princlpal shall not eatend or •�,lY: -
<br /> postpone the due date of the monthly paymen[�, whicii aPe referrcd to in paragraph 2, or change the amount of such :
<br /> payments. Any excess ptoce°.ds over an amount requtred to pay all outatanding indebtedness under the Note and this .�:s A�
<br /> Secur iry lnstrumen t s h al l b e p a i d t o t h e e n t l ty l e s a ll y entitled thereto. gorrower s h a l l pay a l l ' ' ��� -
<br /> � 7. Charges to Borrower and Protectioa of Lender's Rlgh4s in the Property- �L,�,,,,;"�
<br /> governmental or municipal charges, fines and impositions that are not included in paragraph 2. Borrower shall pay ,�,,._��
<br /> � these obligations on time directly to the entiry which is owed the payment. lf failure to pay would adversely affect _�`�`�
<br /> Lender's in:erest in the PropertY, upon I..eader's rec{uest Bonower shall promptly furnish ro Lender receipts ,,;x_{��� _
<br /> . evidencing these payments. ' .;
<br /> �� If Bonower fails to make these payments or the payment; required by paragraph Z,or falls to perform uny other
<br /> •.`• "";R" covenants and agreements contained in this Securiry Instrument.or there is a legal proceeding that may significantly � . ,} ;�t
<br /> 1!' affect Lender's rights in che Property (such as a praceeding in bu�kruptcy, for condemnation or to eaforce laws or - ,
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<br /> � reguladons), then Lender may do and pay wltaievc[ i5 Ra�.SS:�tj:o F:at�!'s'-t-'P value of the Property and Lender's '�"
<br /> �,: r�gh�s In the property,including payment of taxes,hazard insurance and other items mentioned in paragraph Z. � _
<br /> . �' pny �nounts disbursed by �nd�e�r�ede�r �s�paz�a��P�b�e=��Ofro �eddate of disbursement,�at�chenNo�tce � ;
<br /> � secured by this Secnrity Instmm �
<br />- rate.and at the option of Lender.shall be innmedlately due and payable.
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<br /> Borrower shall promptly discharge any lien which has priodty over this Security Instniment unless Borrower: �
<br />,: , (a) agrees ln writing to the payment of the obligation secured by the lien in a mawier acceptable mWh��n the '� }��
<br /> • c;ontests in good faith the lien by, or defeads against enforcement of the lien in, legal proceedings _
<br />�` ' I.ender's opinion operate to prevent the enforcement of the liea; or (c) secures fcom the holder of the liea an _
<br /> agreement satisfactory to I.ender subordinating the lien to this Security Insuun►ent.If I.ender determines tl�at any part ,
<br />-- � of the Propercy is subject to a lien which may attain prioriry over this Securiry Instrument, I.ender may give ��-
<br /> -=;c:.�i� ` Boirower a notice identifying the lien. Botrower shall satisfy the liea or take one ormore of the actions set forth
<br />'�_ �°'� '� above within 10 days of the giving of notice.
<br /> � 8.Fees.L.ender may wllect fees and c6arges authoriud by the Secretary.
<br /> Y'' 9.Grounds for Acceleration of Debt. _
<br /> --�',1.�. . (a) Deteult. Lender may, except as limited by regulations issued by the Secretary, in the case of paymeat
<br /> �` ._�..�....:::�: dcfaults,require ir+miediate payment iu full of all sivas secured by this Securiry Instrument if: ����_ __
<br /> ''� ' (i)Bonower defaults by failing co pay iu fuil any monthl3'FaY���*44:t""� �'y ��s Se.curity Instrument - _
<br /> ` -�� ,..- prior to or on the¢1ue date of the neat monthly payment,or _
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<br /> (ii)Borrower defaults by failing, for a period of thirty days,to perf�rm anY othcr obligations contain
<br /> - ` -. `� in this Security lnstcument. �:_
<br /> - . .. . (b) Sale Without Credtt Approval. Lender shall,if permitted by applicablclaw(including Seccion 341(d) _ _ _ ___
<br /> of the Gam-St. Gerrnain Depository Institutions Act of 1982. 12 U.S.C. 1701J-3(d)) and with the prtor �_:���_
<br /> ' � ' approval of the Secretary, require immedxate payment in full of all sums sesured by this Security Instrument E`•;::���::��=
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