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<br /> ° _�=_ �- sbaa�oned P[opercy. Borrower shall also be in default if Barrower, during the loan applicazion pmcess, gave . _ � ..
<br /> materially faSse or inaccurate information or sratemenu to Lender(or failed to provide trender witb any a�te�ial �. ; .:�
<br /> � � information) in connecrion arith the loan evidenced by the Note, iacluding, bui not limited to, tePrc.centations � .<. :_ -
<br /> . � • of tbe PropertY as a PrinciPal residence. If ttris Security insm�menc is an a ,``-' ,,::-: x;
<br /> - �• wnoeming Bormwer's accupancy �,. ' .�:«,*L<�`. .:::
<br /> �-� _� � �s� leasehold,Borrower shaU comply with tbe grovisions of the lease.lf Boimwer acquires fee 6tle to the Property,the � .� _
<br /> �:� Ieasehotd and fee dde shall not be merged anless l�ender ag�es t°the merB��n��g' . -
<br /> _ • � 6.Coad�tion.The pmc�s of any awatd or claim for damages,di�ect or consequenval,in connection with '�' �f,.
<br /> :"'�� , � l �� aay condemnation or other takmg of any part of the Property, or for canveyaace in place of condeamation, are < .t�a`; `•'T ^__
<br /> . ,i hereby assigned and shall be paid to LEnder to the exteat of the full amoimt of the indebtedn�ss that remaias�aid •..�� �
<br />-` : • � . � under the Note and this Security Insonimenas.Lender shall apply such pmoeeds to the ieduction of the indebtedaess ••t;::� •..:*;:•�' f-_--
<br /> Ins� me
<br /> ` . ".i under the Note and this Securiry Instcument• fust w any delinquent amoimts applied 'm the order provid� in �:' ._.
<br />- ' • P�B�P�3,and then to PrePaS+ment of principal.AnY aPPlicarion of the praceeds w the principal shall aot extend or ,
<br /> . i postpone the due date of the monthly payments,which are refemed to in paragraph 2,or change the amount of such � . ..; .
<br /> ` , , payments• AnY excess proceeds over am m�o�mt reqaired w pay aU out�taading indebtedness under the Note and this _ . •:.`'
<br /> :�, .';<.•....
<br /> � . . . _. { Secariry Insuoment shall be paid to the entiiy legalIy endQed thereto. go�wer shall pa}► a11 . �=-----
<br /> �t: 7. Chacgea to Bornu�' and pmtediun of Lendei's Rigbt9 ia the PcoperiJ+-
<br /> h 2. Borcower shall paY -�:=
<br /> ' � � � govemmental or municipal charges, fines and ia►P�sidons that aze not included in P�P would advecsely affect �-""�°.�-
<br /> : . ". '. `� these obligations on time dincdy to the entity wluch is owed the payment. If failure to pay ;ti_,�=�._
<br /> ' Lender's interest in the Property, upon Leader's request Barrower shaU pmm�tlY fumish to Lender receipts
<br /> �' these payments, :,�,- �.
<br />- : � � evidencing h 2,or fa�s to etform any other _ '�
<br />`�. r . � . 1f�orrowet fails w make these payments or the payments required bY P�P p .:�s =
<br /> • , coveaaats and agreements contained in this Securiry Insuument,or there is a legal pmreedin$thai may signifccantly • -- ._ _
<br /> � . affect Lender's rights in the Property(such as a proceediag 1n banIauptcy, for condemnation or to enforce laws or . ��
<br /> ,� . .� regnlations),then Lender may do and pay whatever is necessary to pmtect the value of the Pioperty and Lender's `:�r`��
<br /> ' � � rights ia the Property,iacluding PaYment of taxes,hazard insurance and ott�er items mentioned ia paragraph 2. . .;:;{,.:�'
<br /> �; h shall become an addirional debt of Borrower and be � .'�"�==
<br /> Any amounu disbursed by Lender under tf»s paraSraP . :. ,�-�'4.
<br /> • secured by this Security Iastrument. These auiounts sha11 hear u►terest from the date of disbursement, ac the Note ,,:
<br /> :: �._
<br /> � � mte.and at the optioa of Lender.shall be immediately due and payable. . :""`�
<br /> :�.,:3.«_,
<br /> � � Bormwer shaU promptty dischazge ar►y fien wtuch has prioriry over this Security Insavmcat unless Borrower: ,::::.,`. �, :�-
<br /> -�._ .. - �� --.:.-, m writing w the payment of the obligauon secured by the liea in a manner accePtabte co Lender,�N) . . `-._ ;_,
<br />- . � (a) a8�s' . ,.�;�:._
<br /> � soatests in gaod faith the lien by. or defends against enforceme� of the lien in, legal praceedings whicb in tlie ,,.•:�..�
<br /> � � Lender's opinion operate to prevent the enforcement of the liea; or (c) secures from tke holder of the lien an :; ��;�y�:'�_,_
<br /> � ageemetu satisfactosy to l.ender subordinating the lien to this Security lnsirument.lf 1.ender determines that anY part �,
<br /> � • of the Property is subject to a lien which may attain priority over this Securiry Insuument, Lender may give ��_
<br /> ' . � Borrower a uotice identi f y i ng the lien. Barrower shall satisfy the lien or take one or more of the actions set farth ,. ::�,'
<br /> � above wi9hin 10 days of ttte giviAg of notice. • •,�,y"
<br /> 9
<br /> • . ' S.Fees.Lender may collect fees and chazges suthorized by the Secretary. - • __=
<br /> � 9.Grounds for Acceteration oY Debt. __
<br /> � (a)DefaWt. l.ender may, except as limited by regulations issued by the Secretary,in the case of payment
<br /> ��. � ,'� defaults,require immediate payment in full of all sums secured by this Securiry Instrument if: . . , •
<br /> ` .'. .�; (i)Borrower defauIts by failing to pay in full any montWy payment required by this Securtry Inswmeat . , : .� :`
<br /> - � prior to or on the due date of the ne�ct monthly payment,or . ..,
<br /> , . (ii)Borrower defaulu by failing.for a period of thirty days,to perform any other obligations contained
<br /> •`. • in this Security instrument. ,
<br /> "' � ' (b)Sale Withont Credit Approval. Lender shall,if permitted by applicable 1aw(including Section 341(d) •. • . ,
<br /> � • of the Gam-St. Germain Depository Insstitutions Ac[ of 1982, 12 U.S.C. 1701j-3(d)) and with the prior . .
<br /> `'•t � . approval of the Secretary.require immediate payment in fu11 of all sums secured by this Security Instrumeat . � �
<br /> ' ' if: . . .
<br /> . ' � ' �RINEt�esoa�.oi Pe0a4of 8 in�uaia�j"„"_^_M .
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