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<br /> abandoned Property. Borrower shall also lse in defavlt if Horrower, dwing tt�e loaa applicarioa process. gav.�
<br /> - materialty false or iaaccurate inforaiaxioa or stazements to Lender (or failed to �rovide Lende� with anY material • � . `
<br />`�� information) in conn�ction with the loan evidenced by the Note. including, but not limited to, representatiuns . ' €�,
<br /> conceming Botrower's occupaacy of the Property as a principal residence_ If this Security Insaumrait is an a �'�_ .: .,-- ..-- --- --,-- -
<br /> � leas$hold, Bormwer shall wmply with the provisions of the lease.If Borrower acquires fee tide to the Property,the . . _ _
<br /> leasehold and fee tide shaU noi be merged unless Lender agces to the merger in writing. . .
<br /> 6.CQndea�.natton.'I�e proceeds of aay award or claim for damages,direct or oonse9aent►al• in conneccioa with .� • : _ �-
<br /> any condemnation or other taking of any part of the Property. or for conveyance ia piace of condemnation, are , e ;. .:,
<br /> � hereby assigned and shall be paid to Lender to the extent of the fWl amount of the indebtedness that remains unPaid . � `'�_,_-��
<br /> . .A_�'.�'�_l[
<br /> � under the Note and this Security Insm�ment. Leader shall apply such p�s to the reducrion of the indebiedness '�r-qt::---
<br /> ;:�_--_
<br /> � uuder the Note and this Security Instiument, first to any delinquent amaunts applied in the order provided ia . :...,_,h:•_
<br /> : paragcaph 3,and then to Prepayment of principal.AnY aPPUcation of the pmcee�s co the principal sha11 not extend or ` ' _ --
<br /> ; �.:�-�,.'���.��
<br /> . postpone the due daie af the monthlY payments,which are referred to ia paragraph 2,or change the amount o�f such � � . . , ..,�,
<br /> payments• A�r excess proo�ds over an aranunt r�uired to pay all ouutandias i�d�bt�a�s un�er the Hote and this ' `�:�i-
<br /> • ty inctmment Shall be pazd to the enti 1 eatitled thereto. .:- �- � ��`-
<br /> Securi LY �Y 'i�,�,� .`�_-"
<br /> � � 7. CLarges w Borrower and Protection of Lender's Rtghts in t[ie Praperty. Borrower shall Pay all , _-. �. ::�._-_�`�_
<br /> govem�nental or m�icipal charges, fines and imposidons tteat are not included in paragraph 2. Borrower s1�eaU pay � : ' � -�: .=,��-:-<
<br /> these obligations on time directiy to the entity atdch is owal the payment. If failure to pay would adveisely affe�t , � '�.�..--._
<br /> . . 1...--�.'-'�1�.
<br /> � Lender's interest in the Properry, upon L.ender's request Eorrowez shall pmmptly fiunish to Lender receipts �" F%Js�_ :'
<br /> ' evidencing these payments. . ' . ���::,`..,�-_-
<br />* ' If Borrower f a i ls to m a k e t hese payments or t he pa y m e n t s r e q u i m d b y p a r a g r a p h 2.o r f a i l s t a p e r f o r m a a y o t h e r ; :. �
<br /> covenants and agreements contained in this Serurity Insmument,or there is a legal proceeding that may signiScandy - :'� � �,. �. .
<br /> . � a f f e c t Lender's ri is in the Pro p e c t y (such as a proceeding in banlauptcy,for wndemnation or to enforce laws or -�-��
<br /> � , -��. ��� '_..—
<br /> t regulations),then I.ender may do and pay wYiatever is netessary to protea the value of the Propecty aad Lender s �^�,}�� '-- �
<br /> rig6ts ia the property,includiag payment of taxes,ha7ard insurance and other items mentioned in paragraph 2. , .
<br /> � Any amounts disbwrsed by Lender under this pazagaph shatl become an additional debt of Borrower and be �"z'' .
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<br /> �s se�ured by this Se�riry �m nt, These amounts shall bear interest from the date of disbursement. at the Note �' • •�
<br /> � rate,and at the opd�p of I.ender,shall be immediately due and payable. . ����.i
<br /> Boaower shall promptly discharge any lien which has priority over this Security I n stn�meni u n less B o r r o w e r. . . �`;� '. �.
<br /> (a; � ia aridng to the payment of the obligatioa secure3 by the lien in a manner acceptable to Lender, (b) s `•jt�
<br /> contests in good faith ihe lien by, or def�nds against enfotrement of the lien in, legai proceedings which in the "�; .� � �,•
<br /> '� Lender's o inIon operate to prevent the enforcement of the lien; or (c) seaues from the holder of tho lien an "='�!4�'., '�=3.,';. —
<br /> P
<br /> agreement satisfactosy to Lender subosdinating the lien to this Security Instniment.If Lender determines that any part �.. .'•�--
<br /> of the Praperry is subject to a lien which may attain prioriry over this Seruriry Insuument, Lender may give �� '��'���"'`
<br /> � ��:a:..
<br /> Borrower a notice identifying tbe lien. Borrower shall satisfy the lien or take one or more of the acrions set forth • �`:�
<br /> above withia 10 days of the giving of nouce. L - ---
<br /> 8.Fee9.Lender may coIIect fees and charges auehorized by the Secretary. -.._--...��� .
<br /> . �:��
<br /> � 9.Grounds fo:Acceleratloa of Deb� •fi. r ;=. :
<br /> (a)Defautt.Lender 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 Security Instrument if: _ _ -----
<br /> �i)Borrower defaults by failing to pay in fiill any moathly payment required by this Security "" t - � ��
<br /> .:� prior w or oa the clue date of the next monthly payment,or �'� � .
<br /> (ii)Boaower defaulta by failing,for a period of thirty days,to perform any othet oblig2tions canta9ned �� �• -
<br /> -- in teie seauicy msaument. � ' '" `�
<br /> (b)Sale Without Credlt Approval.Lender shall,if permitted by applicable law (including Section 341(d) � � � � °_-
<br /> of the Gam-St. Germain Depository Insdtutions Act of 1982. 12 U.S.C. 1701j-3(d)) and with the prlor �� "•� . . � . e�.,
<br /> appmval of the Secretary,require immediate payment in fu11 of all sums secured by this Security Instnunent �
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