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<br /> � - . abando�d ProPertY. Borrower shall atso be ia default if Bornnwer, during the loaa application pmoess, ga�e -.--._�
<br /> �
<br /> - °`� materially false ar in�,�te infom�aaon or statements to Leader(or failed to provide Lender with aay material .i :
<br /> . i infom�ation) in connection with the loan evidentxd by the Note, inclu�ng, but not iimited to, represeatations � .-
<br /> . _ .� � concerning Bormwer's occuPancY of the Property as a princiFal residence. If this Securiry�Ins�ment �. ... _ �,.` g,
<br /> � � � leasehold,Bortower shall comply witb the provisions of the lease.If Borrower acquires fe�title to the Property,tSae _ ;
<br /> te tbe merSer in writinS• =.��
<br />_ � � .� leasehold and fee ti8e s�ill not be merged uuless I.e�nder agtee.s - =-'.
<br /> 6.Condemnatfon.The proceeds of any award or claim for damaSes,direct or consequential,in connection with ; `,. -::,`
<br /> � . . _�,� an}► condemnation or other talting of any part of the PivpertY, or for conveyance in pla�e of coudemnation. are • . :_:���
<br /> � hereby assigued and sha11 be paid to L.ender w the extent of the fiill amaunt of the iadebtedness that remains unPaid . f�,,�•.;.�.4.
<br /> ' ' . '� under the Note and ilvs Se�urity Insaument. Lender shall aPP�Y S�Proceeds to the reductioa of the indebtedness , _ ,
<br /> amounts applied in the order prnvided in .. . . � .....--
<br /> ' ° u n d e r t h e Note and this Security tustmment, fizst co any delinquent . �-�r•
<br /> �� P�S�Ph 3,and then to psepayment of principal.Aay aPP lication o f t h e p r o c e e d s w t h e p r i n c i P a l s h a l l n o t e x t e n d or - `r_e:-_.�._
<br /> postpone the dne date of the montlily payments,wluch are referred to in paragraPh 2,or change the am�unt of such ,
<br />_`� . �' P�e�s, Any exce.gs pmceeds over an amount cequired to PaY all outstanding indebtednesg under the Note and this .y
<br /> Security Instrament shall be paid to the enuty legally entided thereto.
<br /> .. . ,:� in the Property Borrower shall pay all �=°-,_,
<br /> 7. C(�ges to Sarrow� and Protectlon of Lender's Rip�is h 2.Borrower sSaU PaY
<br /> . _ - . governmental or municipal ch�rges,fines aad impositions that are uot included in paragrdp - - - ---
<br /> these obligations oa time directly to the enrity wluch is owed the payment. If faiIure to pay would advezsely affect
<br /> , '�' n Lender's reqaest P mP Y to Lender recei is ' :��—_
<br /> I.ender's interest in the Prope�Y, � Borrower shall ro d tumish P 't T:,_:`.T
<br /> �: .,.•..�-_....;.
<br />� , �# evidencing these Payments. . �� '•�'fi--''-=
<br />;.: . �-`�' If Borrower fails to make these paymenu or the payments required bY P��Pb 2,or fails to perform a�+other . -- �_y
<br /> . . : • wvenants and agreements contained in this Secu:iry Ins�umeIIt,or there is a tegal proceedin8 that maY significantty ' _ ;-_
<br /> . _ _.. :_ :+ ' -
<br /> � i affect I.ender's rigbu in the Property(such as a proceeding in bantcruptcy.for conder�natian or to enforce lae�s or _T i . .=
<br /> • and I.ender's -s'�-
<br /> . :� reguladons),then 1.ender may do and pay whatever is necessary co Protect the value of the PcoPerty ' . :-. ti:.-_��. ;.
<br /> + ,includinS paYment of taxes,hazard insutance and other items mentioned in paragraph 2. ;,.;'`�::
<br /> = rights in tfie Property 21
<br /> . . � pny amounts disbursed by Lender uader this pangaph shall be�:°me a�s�d��onal debt of Borrower and be �m_
<br /> - ' secured by this Security 1nsuument. These amounts sha11 bear interest from the date of disbuisement, at the Note , �•,; .�;::�;-.
<br /> • rate,and at the opdon of Lender,shaU be immediately due and payable_ � • ��v�
<br /> _ - Borrower shall promptty discharge any lien which has priority over this SecuritY Insuument unless Bormwer: . . . ��-�•°�s.•
<br /> , .. .�
<br /> . � � -- (a) agrees in writmg to the payment of the obligation secured by the lien in a manner accePtable to Lender; @) . :}:r
<br /> ' cuntesta in good faith the lien by, or defeads against enforcement of the lien in, legal proc�edinSs whi�h in tise ^- -
<br /> .. �' ,r.s'-
<br /> � � � Lender`s opinioa operate to prevent the enforcement of the lien; or (c) secutes from the holder of the lien an _
<br /> agreement satisfaccory to Lender subordinating the lien to chis Securiry Insaument.If i.ender detennines that a�►Y P� . :_; `
<br /> • � ` • of the Property is subjec[ to a liea which may auain priority over this Security lnstrument, l.ender may give `�-�•-�_
<br /> � Borrower a aotice identifying the lien. Boaower shall satisfy the liea or take oae or more of the actlons set forth . . .��--
<br /> . . - :�r:..
<br /> above withip 10 days of the giving of nouce. � .
<br /> • '' � . : ' j 8.�'ecs.I.ender may collect fees and chazges authorized by the Secretary•
<br /> . 9.Grounds for Accelerattoa of Debt.
<br /> ' (a)Default. Lender may,except as lunited by regulations issued by the Secretary, in the case o f payment ._
<br /> '�'•" � � • defaults,require immediate payment in full of ail sums secured by this Securiry lnstnunent if: . ,
<br /> � i (i)Boaower defaults by failing to pay in fu11 anY monthlY PaYment required hy ttus Security Insuument •
<br /> ''' ; •} prior to or on the due date of the next monthly payment,or .
<br /> ' E (ii)Borrower defaults by failing,for a period of[hirry days,[o perfom�any other obligations contained .
<br /> . � � in this Securiry Instrument. . .
<br /> . . .. • j. (b)Sate Without CredIt Approval. Lender shaU,if permitted by applicable law(including Sectioa 341(d)
<br /> � . �i of the Garn-St. Germain Depository Institutioas Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior
<br /> . • ,� approval of the Secretary,require immediate paymeat in full of all sums secured by this Security lnstrument
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