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<br /> abandon�d Propecty. Horrower shall also he ia defa�ilt if Bonower, during the loan applicadon process, gave . . . ` '.:�"
<br />:_: ; .
<br /> G matetially false or inaccutate information or statements w Lender (or �ailed to provide Lencler with aay mat�rial ••- .--' --.-- . ----- •:- —
<br /> informaaon) in connection with the loan evideaced by the Note, iacluding, tsut not limi[ed to, representationti ,.' , s
<br /> concerning Borrower's occupancy of the Property as a priacipal residence. If this Security [nstrumeut is an a • �
<br /> � leasehold, Borrower shall camply with the provisions of the lease.If Borrower acquites fee ride to the Property. [lte
<br /> leasehold and fee tide s6a11 not be metged unless Lender agre�s to the merger in writing. � ; �-•,-�-.
<br /> 6.Condeannatton.The pmerxcls of any award or claim for daraages.di�ect or consequential.in connec:cion with . `� '. , , :'^l��'
<br /> • any condemnadon ar other taldng of any part of the Property, or for conveyance ia place of condemnatian. are - F`;.___
<br /> hereby assigned and shall be paid co L.ender to the extent of the full aanount of the indebtedness that reni*!�unpaid "-
<br /> " under the Note and this Sec.vrity [nsuument. Lender shall apply such pmceeds to the ceduction af the indebtedness k ���
<br /> under the Note and this Security Instnimeat, fust to any delinquent amounts applietl in the order provided in . ��•�:�. ,
<br /> ` e prinei An hc�bion of the roceeds to the princapat shal!not extend or � . ' � �
<br /> P�S�Ph 3,and then w prepaym ni of pal. Y�PP� P j ; L'..`
<br /> postpone the due date of the monthly payments,wirich are teferred to in parab�raPh 2,or change the amount of such � ���•``': ;":,
<br /> a e n t s. A ny e x c e s s P m c e e d s o v e r a n a m o u n t r e q u i r e d t o p a y a ll outstandin s indebtectness under die Note and this (' �•�`�,�,�
<br /> P Ym E � :'a'�. �.�.-�-
<br /> � Securiry Instmment stiall be paid to ths entity fegally entided thereto. G . • • . ::,s„`;; •�-�.
<br /> ' 7. Charges W Barrower and Protedion of Leader's Riglrts in the Property. Borrower shall pay all _-- _ _ -�- :-
<br /> �`
<br /> . govemmental or municipal charges. fines and impositions that are not iacluded in paragraph 2. Borrower shall pay ; � � . :---=�-��- .
<br />: •;,{ these obligations on time direcdy to the endty which is owed the payment. If failure to pay would adversely at�ecc � � � ;, •
<br /> Lender's interest in the Property, upon Lender's request Borrower shall prompdy fiuuish to I.ender receipu :"•,, •
<br /> ; evidenc�ing these payments. h 2. or fails to erfomn an other � .� � - ' �!
<br /> ' If Borrower fails to make these payments or the payments required by paragrap P Y ;�• ;�. ' �'
<br /> •Y; covenants and agreements contained in this Seeurity Insaument.or t hen is a leg a l pm c e�d i n g t h a t m a y s i g n i fi c a nu y .. `'= -
<br /> affecc Lender's rights in the Property (such as a proceeding in b a n l�uptcy. for co n d e m n a a on or to enforce laws or • •, ��::. �;
<br /> . regnlarions), then Lender may do and pay whatever is necessaty co pmtect the value of the Propeity and Lender's . ' 3:;`:. • :� _
<br /> ent of taxes,hazard insurance and other items mentioned in paragraph 2. `�'''. ��.1 .'
<br /> � rights in the Pcoperty.including paym •~��`. i �'�
<br /> Any amounts disbuzsed by Lender under this paragraph sBall become an addiponal debt of Bonower and be ,
<br /> � secnred by this Secaiity Instrumen�These amounts shall bear interest from the date of disbnrsement, at the Note rate. '� � ��. �
<br /> and at the option of Lender,shall be immediatelp due and payable. ';�;: .'�� ���
<br /> - Bonower shall prmnpdy discharge any lien which has priority over tivs Security lnstmment unless Borrawer. . , .
<br /> `_�'� y�A .a�. 1.
<br /> ��;` (a) agrees in ariting eo the payment af the obiigadon securecl by [he lien in a manner acceptable to Lender, (b) :
<br /> �,y: �{;
<br /> . contests in good faith the lien by. or defends against enforcement of the lien in,legal proceedings which in the :•, �• "''�' �" :==-_,
<br /> ���:s�:
<br /> , Lender's opinion operate to prevent the enforcement of the lien: or(c) secures from the holder of the lien an .
<br /> •�� agreemenc satisfactnrY to I.ender subordinating the lien to this 5ecurity Instrument. If Lender detem�ines that any part �'��' �"
<br /> af the Propertp is su bject to a lien w h ic h m a y a tt a i n p ri o ri ty ov e r this Secvri ry Instrament.Lender may give Borrower ��''':'i"'"�
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<br /> a uorice identifying the lien. Borrower shall satisfy the lien or take one or more of the acrions set fo:th above within .��__:_� —
<br /> 10 days of the giving of nodce. '��`���=�'=
<br /> �• 8.Fces.Lender may callect fees and charges authorized by the Secretary. �` 4°. '
<br /> - 9.Grounds for Aceeierat�on of Debt. `��� —
<br /> � :._�,..�._
<br /> (a)Defau[t.I.ender may. except as limited by regulations issued by the Secretary. in the case of payment �•��,.:n
<br /> t defaults.reqoire immediate paYment in fiill of all sums sewred by this Security lnmument if: '�' r ��
<br /> •.��y. �:,�''
<br /> - (i)Bonower defanlu by failing to pay in fiill any monthly payment zequired by tbis Security Instrument :�,�y.�,,,r�
<br /> ' , prior to or on the due date of the next montWy payment,or ;_;;"'<� •;,� �-�
<br /> • . (ii)Bonower defaulu by failing.for a period of thirty days. to perfotm any other abliga6ons contained � ; :�.�s,w:�� +-__.•.;,
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<br /> , in this Security Inswment. ...�t�;A:::.°..�Y.;��E.
<br /> (b) Sale Without Credit Approval.Lender shall,if pecmitted by applicable law(including Section 341(d) , .. , . . a� �
<br /> � of the Garn-St. Getmain Depository Insutudons Act of 1982, 12 U.S.C. 1'701j-3(d))and with[he prior •� : - �-;'--�:'= '
<br /> approval of the Secretary,require immediate payment in fiill of all sums secured by this Security Instrumeat , `. .
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