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<br /> abandoned Properry. Borrower shall also be in default if Borrower, cbuing thr loaa applicadon pmcess. gave . `..% � ' . � ---
<br />_ materially false or inacaaate info�ation or statements to Lender(or failed to provide Ixnder with any material • ,
<br /> � � informarion) in connecdon witb the loaa evidenced by the Nate. incIuding. but not limited to, represeutatians - -. -- -- .. --- �
<br /> �� concetning Bormwer's accupancy of the Property as a principal tesidence. If this Security Instrament is on a -
<br /> leasehald, Borrower shall comply with the prov�sions of the lease. If Horrower acquiies fee dde ro the Property,the , . . __
<br /> • :� leasehold and fee dde shall not be mergod unless i.ender agrees to the merger in writing. .. _ . _,-'
<br /> , 9 6.ConB�umatfon.The proceeds of anq award or claim for damages.diiect or consequential,in wnnection with • ',. . ` .
<br /> .r� any condemnation or other talQng of any part of t6e Property. or for coaveyance in plar.e of condemnation, aie f - - 4 . _`.��,
<br /> hereby assi�ed and sh311 be pud W Leader to the extent of the full amovnt of the indebteduess that rPmains�paid ` •
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<br /> under the Note and this Security Ins�ameni. Lender shall apply such proceeds to the re�naion of the indebtednsss ( � ;"��'"':"`�P��_
<br /> ..:y. .
<br /> nnder the Note and this Secnrit9 inspntment. fust [o any delinquent amounts applied in the order provided in . . ..�i��.l:
<br /> � paragiaph 3.and then to prepayment of principal.Any application of the proceeds to the principal shall not ext$nd or .��� �: ��- ___-
<br /> ` postpone the dae date of the monihly paymenLS,which ase teferred m in pazagraPh 2.or change the amannt of such � _ _ ,,.,:�
<br /> paymens. Any e�pmceeds over an amount requiied to paq all outstanding iadebtedness nnder the Note and thi5 .-•�'���
<br /> Sec.vrity Instr�eni st�all be paid to the entity legally entided therew. • � _,_ - _
<br /> • 7. Charges to Borrower and Proter�on of Lpnder's Itigbts in the Property. Borrower shall pay aU -"�=.�.._—
<br /> _ .. `:.'. �`�'-�—
<br /> gover�ental or mnnicipal charges. fines and impos�aons tvat are noi inctuded in paragraph 2.Boaower shal!pay __ _; _��:.-:'�
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<br /> these obligadons an tiume directly to the ensity which is owed the paymen� If failure to pay wauld adversely affect .,._*` ...��;;F�-
<br /> ' Lender's inieaest in the Propertq. upon Lender's req�est Borrower stiall prompdy farnish to Lender receipts _ �a � -•_
<br /> , , eviden�-_^�these papments. •�� -
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<br /> If Bormwer fails to make these payments or the payments r�i�by parag�p h 2.or f a i l s to perform any other ;�
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<br /> covenanrs and agreernents contained in this Secvricy Insttament,or there is a legal pmceeding that may signifcansly �_..�',,•.
<br /> affect T�.vder's rights in the Propecty(such as a proceecling in bankmptcy, for condemnauon or to enforce laws or ;_,y`ti; - ;; �
<br /> reguladons), then l.ender maq do and pay wt�atever is necessary to protecc the valne of the Property and L.ender's �:;
<br /> • rights in the Property,including paymen[of taxes.l�azard�"�*a^s�and other items mentioned in pa:agaph 2. <�;.'- : r• .
<br /> pny amonnts�sbursed bg Lender under this para�aph sha11 become an addidonal debi of Borrower and be - -� ,
<br /> � secarefl by this Secuiity Instrun�nt.These amannts shall bear int�rest from the date of disbursement,at the Note rate. ,.;� .�:-
<br /> and at the option of Lender,shall be imme�iau%ly due and payab3e. r•�,. � ";� � :
<br /> . Borrower shall pmmpdy dischazge anp lien wluch has prioriry wer this Security Instnune�t unless Borrower. _ � ;,��� ;, —
<br /> (a) agrees in wcitinS to the paymeni of the obligation secured by the lien in a manner accep�'�.to 1-ender. (b) ,. ,
<br />.,"�� ' contests in good faith the lien bp, or defends against enforcement of the lien in. legal proceedings which±n the `" `� t• �--
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<br /> .•. ' Lender's opinion opeiate to preveni the enforcemeat of the lien; or (c) secures from the holder of the lien an a �.�__:,.�.:
<br /> ��� agreement satisfactory to Ixnder sabordinating the lien to this Se�vrity InstrUment.If Lender detezmines thai any part '�"
<br /> of the Propertq is sabject to a lien which may attain priority over tlris Security Instramen�Lender may give Borrower �`�,�r�
<br /> � ' a nodce identifying the lien• Borrower shall satisfy the lien or take one or mose of the actions set fnith above within ;,��_t-:; �,�` T
<br /> � 10 days of the giving of notice. ,.-
<br /> 8.Fees.Lender may collect fees and charges authorized by the Secretary. _-
<br /> 9.Groands for AcceleraHon of Debt. !� - =_
<br /> (a)Default. Lender may,except as limited by regalauons issued by the Secretary, in the case of payment �---
<br /> defaults,recI�ate immediate payment in fiill of ail snms secured by this Security instiument if: �- q
<br /> �--�,-
<br /> �. (i)Boaower defaults by failing w pay in full any monthly payment required by this Security Ins�rament � r�,��`�_ . .,
<br /> prior to or on the due date of the next montmly payment,or _ _ - �__
<br />. . (u)Boaower defaults by failing, for a period of thirt}r days,to perfo:m any other obligations contained •�:ffi
<br /> in this Security Instrument. ." - —.
<br /> (b)Sale WithoaR C�edit Approval. Lender sball,if pemutted by applicable law(including Section 341(d) �,-.T_
<br /> of the Crdm-St. GeTmain Depository Insdtudons Act of 1982, 12 U.S.C. 1701j-3(d)) and with ihe prior ° .:,,
<br /> � approval of the Secretary,requice immediate payment in fiill of aU sums secured by this Security Instniment •- �_
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