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<br /> � � 97- i0�(D40 � , ° `�---
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<br /> abaadoned PropertY• �orroWer shaU also be in default if Borrower, during tht loan applicadoa process. Bave f . ' , ' " ; -
<br /> ! materially false or inaccurate i n fo r m a d o n o r statements to l.ender(ar faUed to provide Lender with azry ��en� . , . . ��,,�, .
<br /> information) tn coanection with the toan evideacxd by che Note. including, but not Itffiited to, representations �
<br /> ' coaceming �armcver's axugansY of the Properry as a priacipal residence. If tdis Security [nstrumeat is on a E --- ----- ---- , -
<br /> leasehold,Bonower shaA comply witti the provisions of the lease. If Borrower acquires fee tide to the PropertY.ttt� � .: `
<br /> leaseholA and fee title shall not be merged unless Lender agre�to the metger in writing. ���oa with � : . � ; '
<br /> �� 6.Contdemnatloa.The proceeds of any awatd or claim for damages,direcc or consequenual. , •.- -T
<br /> any candemnatlon or other taking of any part of the Pmperty, or for wnveyance in place of ooademnatian. are .
<br /> hereby assigued and sha11 be paid to Lender to the extent of the full amount of the indebtedness that remains unPa�d ' . . .-�__,," _
<br /> under the Note and this SecuritY Insuument. L�der shall apply such proceeds to the ieduction of the indebtednQSs
<br /> under the Note and this Security Insuument, fust to an� delinquent amounts applied in the order provided in . , ::._�-
<br /> paragraph 3,and then to prepayment of principal.N►Y aPPlicatton of the praceEds to the priacipal shall not extend or . ''�,`. �--,,f�-�:
<br />: postpone the due date of the monthly payments,which are refened to in paraBraPh 2,or change the amouat of such �� � �,_
<br /> . Any excess proceeds over an amoun.t requirefl m pay all ontstan6in8 indebtedness under the Note aad this .'���_
<br /> PaY�� , :F�:� --�,---—
<br /> Secvrity Insuument shall be paid to the entity legally entided thez�ew. Bo�ower sha11 paY a11 � � ` <°�
<br /> 7. Charges to Borrower and Protecx4on of Leader's Rtghts in We ProPertY• h 2. Boxrower sbaU PaY " ' -' �;`'-
<br />.. govemmental or anmicipal charges,fines and impositions that are not included ia paragrap aU ::.''�?.=�n;:_��
<br /> If failure to a woutd adversely affect � :���-�_.
<br /> these obligations on time dii'ealy to the enaty which is owed the payment. P Y , ::.; .,�`�_
<br />. Lender's inter�st ia the PropertY. upon Leader's request Borrower shaU PmmpdY fumisb to L.endec receipts _ _�
<br /> • ��"'��IE.��� :
<br /> evidencing these paymeats. b ara h 2,or fails co perform any other �;��`_---
<br /> If Borrower faiLs to make these payments or the payments requircd Y P �P , �- -�-� -
<br /> ro�eeding that may significaa�ly • -
<br /> covenants and ag�emenu contaat�d in this Seca�rity Insuument,or there is a legal P . . , , -
<br /> affect Lender's rights in the Pcoperty(such as a pmceeding in banlauPtc3+, for condemnation or to enforce lawa or �.: ;. .,y,. ,
<br /> regulasioas),then Lender may do and pay whatever is necessary to Pmtect ths value of the Property and I.ender's . ;' t :..�'�;�;::.
<br /> � rights in the Property,inciudiag PaYment of taxes,6aTard insurance and other items mentioned in paraBraPh 2. , .:::� _ �
<br /> � Any amounts disbursed by lxnder nnder this gazagraph shall become an additiot�al debt of Borrower aad be ;�.
<br /> {�- .`"-
<br /> secured by ihis Sr.�usiry ti�*+*�!.These amounts shall bear interest from the date of disbursement,at the Plote .'� _
<br /> rate,and at the option of I.ende3.sha11 be imme�iately due and payable. ^'������� �:..
<br /> . H e a w h i c h h a s p r i o ri ty o v er this 3 e c u r i ty Instrument unless Borrower. _ ._• , � .,
<br /> Botrower shall pmmp t ly d i s c hatg e a n Y i
<br /> , • (a)agees in wiiang to the paYment of the abligauon seaued by the lien in a mnnner acceptable to L.ender, (b) �:,�
<br /> which in the ;��.i` `.
<br /> � contests in gaod faith the liea by. or defends against e n f orcement of the lien in, te8a1 Prac�din88 �� .:..;
<br /> - ixmder's opinioa oper'ate to p:event the enforcem�t of the liea; or (c) seaues from the holder of the lian aa ;;� : ,_.c ___.
<br /> . agreement satisfzcxory w Lender subordinatinS the liea to thLg Security Iasuument.If Lende tdete[min�et6at�Y F� ,��;;� � :;: .
<br /> th �,
<br /> of the Property €s snbject to a lien which may attain prioriry over this Securiry �, Y � �,'^ ---
<br /> � Bomuwer a no6ce identitying the lien• Bonower shall sasisfY the lien or take one or mon of the actioas set forth -.,` �._���
<br /> � above within 10 days of the givi�g of norice. �"'
<br /> 8.Feaa.Leuder may caUs�ct fees and charges�thori�d by the Secretary. . �°:'�`� �,
<br /> 9.Gmandv fer Accete�on oY Debt. 1� -- ;_
<br /> (a)DePa�il.Lender may.except zs limited by regulatioas issued by We SecrEtary.in the case o'�pd��nt �r 5-:,--.
<br /> def�lts.�Nire immodiate payrseu�t�full of all su�s secured rsy this Securlty Insttum�rs cf. .�T, - —_
<br /> in f u U a n y m o a t h l Y�a Y m e°t r e q u i r e d b Y t h i s S�ry Insteument : ��,,,.,._�� ----'�
<br /> (i)Bareower defanits Dy f a i li�B t�pay _ -;��`�_'..=r.F`--
<br /> prior to or on the due date of the next monthly payment.or :..���,�. °°-
<br />. • (ii)Borcower defaults by failing.for a perlad of thirty days,to perform any other obHgations contained ,l<�,�v�. ..
<br /> . iat�is Se,cU�iry Insuument. . . -�--
<br /> ' (b)Sx[x Wit6oat Credit Approval.Lender shall,if Permitted by applicable law(including Seaion 341(d) K �,:;:—
<br /> ,,1;��:• ...� �,.
<br /> of the Gam-St. Ciermain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and witL the prior ;�. ti�_ �f_
<br /> appmval of the SecretarY,require immediate payment in full of all sums secured by ehis Securlry Insuument „":i.-�i.._..��.°,,,
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