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<br /> � Borrower shall also be in default if Borrower,dunng ihe loan application proccss.88ve materially falsc or inaccuratc . ; .� ' °.
<br /> � informarion or stat.ements to Lerider(or failed to provide Lender wi�h any matcrial infonnarion)m connecdon wich the ,.
<br /> -' loan svideaze� by ths Note, including.but not limited to. representaunns conccming Borrower's occupancy of the . . - - - _--_�•
<br />`�.� pi.opeaty as a pranapal residence. If this Security Instrument is on a leasehold. Borrower shall comply wuh the ; .
<br /> � provisions ef the (ease.if Borrower acquires fee utle to ihe PropertY.the leasehold and fee atle shall not b.,merged , �,
<br /> unless I.e�der agrces w the merger in wriung. . ... _: , �
<br />•� n ' ..,_.
<br /> 6.Condemnat�on.'I7ie proceeds of any award or claim for damages,direct or consalueutial,i�►coN►ecaon witb ( � :...
<br /> any condemnarion or other taking of any p�i uf u�e Fro�t7;,or for can�eya��:in pl2ce of condemn?+�'on,are hereby L _ _ �= s -
<br /> remainc� d under the � k 'x'�;�
<br /> assigned and sdall be paid to L.end�to t he exteut o f t he f u l l am o u n t o f t h�i n d e b t e d n e s s t 6 a t P� � . , � _ •.:_,:,..d.�a.
<br /> Note and this Security Insdument Lender shall apply such proceeds to the reduction af the indebtedness under the Note � ". •, -, • - .
<br /> and this Security Ins�ument,fust to any delinquent amounts applied in the order provided in paragraph 3,and then tn . .
<br /> vm .:',. ._
<br /> a ent of ruicipal.Any applic�ion of the psoceeds to the principal s1�a11 not extend or postpone the due date of the � � �+'���
<br /> P� � p h 2,or cl�ange the amount of such a ents. An excess roceeds " "�
<br />. monthlY PaYments,which are referred to in paragrdp P Ym Y P , „ �:>
<br /> over an amount required to pay all out�tanding indebtedness under the Note and ifiis Secauity Instrument shall be paid w . .. . � -:� :�Y—
<br /> the entity legally entitled thereto_ .. :� �:�4'7.��'`,
<br /> 7. Charges to Borrower and Pro2ection of Leuder's Rights im the Property. Borrower shall pay aIl . ;� ..' :_-`
<br /> goveramental or manicipal c6arges,fines and impositions that are not included in paragraph 2.Borrower shall pay these .: : ,;�_�.
<br /> - obligations on time directly to the entity which is owed the payment If fa7are to pay would adversely affect Lender's - _..�==_.',��
<br /> T.l�.._
<br /> -:+ inteaest ni the Property,upon Lender's request Borrower shall promptly furnish to Lender receipts evidencing these .
<br /> �_ PaYments. _ �'• - —
<br /> h 2,er fails to perfora►any other -�, ;?�_
<br /> It Borrower fails to make tt�es�payments or the payments required bY P�S�P {• �''�•y., �
<br /> :� vovenanu and a�neements contained in this Security Insuvment,or there is a legal Proceed�ng that maY si��►�Y I n ',�i �;•.�
<br /> 's ri u in the Pro (such as a proceeding in banlauPicY, for condemnati o n o r w e u f o r c e l a w s o r (` ' .. .�' f: �°-
<br /> affect Lender gh P�Y . •
<br /> regulations),then Lenda may do aed pay whatever is necessarY w protert the v a lue o f t he P r o p e r ry an d L e n d e a's ri g h t s . .: �. ' `. �.
<br /> in the Property,including payment of ta�ces,hazard insurance and other items�endoned u►paragcaph 2. � ` '' `��
<br /> . .;,.;v,:�,:-% ,
<br /> � . � ;��
<br /> My amounts disbursed by I.ender und�this patagra;s.h shall become an additional debt of Borrower and be � : .�'� .' ' �
<br /> .::r c r,
<br /> secured by this Security InstrumenG'Ihese amovnts shall bear interest fram the date of disbu�sement,ai the Note rate. , - , -, ` �,��;;.
<br /> and az the oprion of Lender,sha11 be immediatelY due and payable. ';• -.
<br /> Borrow�shall pmmptly discharge any lien which has priority ova this Security Instrument unless Borrower:(a) •�' ': - .. '� �.
<br /> agree.s in writing w the paymeut of the ob�igation secured by the lien in a manner acceptable to Lender:(b)contests in ' '•;c.,
<br /> . good faith the lien by,or defendg against enforcement of the lien in,legal proceed"m$s which in the I.endeac's opinion _�`�.'-,;� . x,� ,. �
<br /> operate tn prevent the enforceinent of the lien;or(c)secures from the holder af the lien an agreement satisfactnry to ;�; � � '�fi; ._^
<br /> Lendea subordiina4ing ths lien w thiq Security Instcument If I.ender determines that any part of the Property is subject to '�,�,..� `':��-
<br /> n -
<br /> a lien which may auain prioriry over this Securiry Inswment,I.ender may give Borroaer a norice identifying the lien. �,� • •_
<br /> aVa'n
<br /> Boaower shall sapsfy the lien or talce one or more of thc actians set forth above within 10 days of tt�e giving of nodce. �'�' � ~r��
<br /> � .� .�.... ,
<br /> 8.Fees,Lenda may coltect fees and charges authorized by the Secretary. ��'.�
<br /> 9.Gmands for Accei�ration a!Deb� .� —_
<br /> (a)Defpulw Lender may.eacept as limited by regulations issued by the Secretary.in the case of payment � �-
<br /> defaults,require immediate payment i�full of all sums sea�red by this Securiry Inswment if: -a, "`�-�, .
<br /> (�Boaower defaWts by failing to pay in full any monthty payment requaed by this Security Instrument � �' •-�� ' � _
<br /> prior w or on the due date of the neat monihlY paynent,or �... ...�.��;�.""•-`: -
<br /> `;�• � �.-�::-
<br /> � (n7 Borrow�defaults by failing,for a periad of thirty days.w perform any other obingations contained in :.:�k�i•" :."'-�i.
<br /> , this Security Instrument �.•�p.�+F.�^'—_
<br /> �:�- .
<br /> , (b)Sa1e Withont CredIt Appmval.I.ender shall,if penniued by applicable law(including Secdon 341(d)of -�-��
<br /> the Gam-St Germain Depository Instiwdons Act of 1982,12 U.S.C.1701 j-3(d))and with the prior approval of = �:,�''_� •
<br /> •:'•, '''"�%t;"�►. -�.
<br />. the Secretary.require immediate payment in full of all sums seciued by ihis Security Inst�ument if: . _. - : .. -
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