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<br /> .�;+_ abandoaed pmpertyr, gorrower shall atso be in defaulc if Bosrower. during the loan application pmcess, gave
<br /> : . • T�, `• .� materially false or inaccurate informaiioa or statemenu to L.ender(or failed to pmvide l.ender arith any material ,_ :: - .
<br /> ;�• �,— _ � � information) in connecaon with the !oan evidenced by the Yote, inciuding, but not limited to, representatio� - -- -.--
<br />:- � ; conceming Borrower s occupancy of the Properry as a priacipai residence. If this Secariry Insaument is on a , - . . _
<br /> �fr• ` i leasehold,Borrower shall wmpIy with the provisions of the tease. If Borrower acquires fee tifle to the Property,the
<br /> ��:': . � � ; ;� leasehold and fee ritic shall not be merged nnless Ixnder agrees to[he merger in cvriting. ._ . .
<br /> �" 6.CondemnatIon.l7ie pioceeds of any awazd or claim for damages,direct or consequential,in coanectioa with . �
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<br /> �T,, � , . � any condemnation or other tatang of any part of the Property, or for oonveyance in place of coade�ation, are
<br /> =,r . < . here6y a5sigaed and shall be paid to L.ender w the eatent of the fiill amount of the indebtedness that remains tmpaid �`,°:'�,:
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<br /> '` ` . � � uuder the Note aad this 5ecuriry Instn►men� I.ender shall apply such groceeds to the mduaioa of the indebtednes4
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<br /> under t6e Note and tais 5ecurity Instnmaent, firs[ co any delinquent amounrs applied in the order pmvided in . �r `,
<br />-:�; ' -4 } P��Ph 3,aad d�en co prepayment of princiP�-�Y aPPUcation of the pioceeds to the principal shaU not euend or • _
<br />" � � ' � postpone the dae date of the monthly payments,wlucb are refemed to in patagraph 2,or c�an$e the amo�t of sach �
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<br />_:;; . payment� pny excess pmceeds over an amount zequired w pay all outstanding indebtedness ander the Note and Wis
<br /> �r�;�; � • t g�ty t.,�rr,�,,,�.,t shall be paid to the entity legally eatitled thereto. , . ` . -_
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<br /> ,' , , � 7. Cl�arges to Borrower and Pco4ecOton of Leadea's Rig6ts in We Ymperty. Barrower shail pay aU '.. ;� >#.,._.
<br />+�� , . . � � � fines aad ' sitions that aze not included in ParagraPh 2. Borrawer shall pay ._._ -
<br /> governmemal nr m�micipal cLarges, �o �
<br /> �; . ' . � these obligations on time directly to she entity wluch is owed the payment.[f fa�ure to pay would advetsely affect - �{
<br /> °a`. ' . � . � ;i � Lender's interest in the Property. upon Lender's requesc Borcower shall pmm�tly fumish to Lender �eceipts ��'y�=
<br />� `:f. , ' evidencing these paymenu. '��
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<br /> :<ff - ' If Borrower fa7s to malce these payments or the PaY���N�bY P�S�P P Y :.',��:
<br /> � h 2,or fails to erform an other �.�
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<br /> - - wveaants and agreements wntained in this Security Insvumenb or there is a legal pruceeding tflat may sigaificandy ',:..��'�=,
<br /> :'�� � . � affecc Lender's rights In the ProPerty(such as a proceeding in bankrupuy,for condemnation or to enforce laws or ;:.':.` =,—:=t_�
<br /> "'� ,, . zegulations),then Lender may do and pay whatever is aecessary to pmtect the value of the Property aad Lender's • �: ';;;:;�`_
<br />- ��'+ _ . ,. � rIghts in the Property,including P�yment of taxes,hazard inswrance and other items mentioned In paragraph 2. , '` �`
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<br /> ' . A n y a m o u u t s d i s b u r s e d b y L e a d e r n n d e r[Uis p a n g r a ph shall become an additional debt of Borrower aud be � �` _
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<br /> ` ' seaued by[his Security Instnunent. These amonnu shall bear interesc from the date of disbursement, at the Note 'G :,:.;.::: �:.,;
<br /> � � rate,and at the option of Lender,shaU be immediately due and payable. �`�>>� ��'��
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<br /> . Boriower shall pmmpdy discharge any lien which bas priority over this Secarity Insuument unless Borrower. '��r:�±�
<br /> �`�� i � �' � (a) agrees in writing to the payment of the obligation seaued by the lien in a manaer acceptabie to Lender; (b) �-':��,-
<br /> � `' • �'�''"' wntests in$ood faith the lien by, or defentLs againsc enforcement of the lieu ia, legal proceedings whisb in the , -
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<br /> Lender's opinion operate ta prevent the enforcement of the lien; or (c)secures from the holder of the lien an �•�;'-�s�-
<br />' � .. agreement sa[isfactory to Lender subordinating the lien to this Security Inscrument.If Lender deterraines that aay part � ;' �,�:;;;�`;,.
<br /> • � ' , of the Property is subject to a lien which may attain prioriry over this Security Instrument, Lender may give :��_,
<br /> ' � Borrower a norice identifying the lien. Botrower shali satisfy the lien or take one or more of the actions set forth � •_.�.
<br />, .;; -
<br /> above within 10 days of the giving of notice. � ,��;��
<br /> ' . . 8.Fees.Lender may collea fees and charges authorized by the Secretary. . . .�_-'
<br /> .. . . . 9.Gro�ds for Acceleratton oY Deb� ., L
<br /> - . : • ...�r � (aD 1Jefault. Lender raay.except as llmited by regulations issued by the Secsetary,in the case of payment � .
<br /> s�•,�� • � , °�,� , defaults, regnire immediate payment in full of all sums secured by this Seatrity lastrument if: .
<br /> -���:'.• (i)Boaower defaults by failing to pay in fiill any monthly payment required by this SECnrity Ynstnunent . ..
<br /> �. .. ` pdor to or on the due date of[he next mont�ly payment,or �
<br /> : ' , (ii)Borrower defaults by failing, for a period of thirty days.to perform any othe;obligatioas contained :
<br /> � . : l in this Security Instnunent. .
<br /> 1 (b)Sale Without Credtt Approval. Lender shall. if per�tted by appllcable 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 5ecretary.requirc immediate payment in full of all sums secvred by this Securiry Instrument .
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