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<br /> ' 9�° �02i`79 � � � ." . . '�
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<br /> .-„ Bortower sha31 aiso be in defaWt if Borrov�er.during the loan application process,gave materially false or inacauate -i- —. -- ;_-
<br /> - � informaiion or statements tn L.en�er(or failed to provide I.ender with any uoaterial infom�auon)in connecdon with the ' ' , . �.
<br /> ; loan evidenced by the Note, including, but not limited w, repressntations wnceming Bonower's occupancy of the � -,
<br /> � Property as a principal resideaice. If this Secvrity Instrument is on a leasehold, Horrower shall comply with the . . . ,'
<br /> pmvisions of the lease.If Borrower aoquires fee tide w the Property,ihe leasehold and fee titte shall not be merged _
<br /> � unless Lender agraes to the merger in writing. � . . ; .
<br /> 6.Condemnation.The procee.ds of any award ar claim for damages,direct or consequential,in connection with .'� _
<br /> any condemnation or other taking of any part of the Properry,or for conveyance in place of condemnarion,are hemby � i . -
<br /> assigned and shaIl be paid tn Lendea to tha extent of the full amount of the indebtedness that•�n,a;n�unpaid under the �� .,
<br /> Note and dus Security Instrument I.ender shall apply such proceecLs tn the reduction of the indebtedness under the Note � ; � . -,
<br /> . aad this Serurity Instrument,first to any delinquentamounts applied in the order pmvided in paragraph 3,and then to � . . •.;•..-�,�_.., .;;•';�
<br /> prepaymeat of pr¢icipal.My application of the proceeds tn the principal shari not extcnd or posqsone the due date of the ` �•.. • ` '. =
<br /> mondily paymeats,arhich are refe�red to in paragraph 2,or change the amount of such payments. Any eucess proceeds ` ' . . •, .:',
<br /> .� . .
<br />' over an amovnt required w pay all ontsianding indebtedness under the Nors and this 5ecurity Instrument shall be paid to T�x i
<br /> �-�-,—
<br /> � the entity Iegally entitled thereto. : -�� `���
<br /> 7. Charges to Borrower and Protection of Leader's Rights in the Property. Borrower shall pay all "�''"�'`�`;
<br /> .�..�?'�s=
<br /> :� gove�nmental or municipal charges,f ines an d i mpo s i t i o n s t h a t a r e n o t i n c l u d e d i n p az a g r a p h 2.B o r r o w e r s h n ll p a y t h e s e ��:._
<br /> obligations on time direcdy w the entity which is owe�the paymenG If failure co pay would adversely affect Lender's • - . . _•�'=`.'�
<br /> � � interest im ihe Property.upon Lende,r's request Borrower staall prompdy fumish to I.ender receipts evidencing these .r � j;'`?`�
<br /> , paymeats. • . . r . �r' :
<br /> If Borrower fails W make these paymeats or the paymencs required by paragraph 2.or fails w perfarm any oti�a � �
<br />. covenants and agreements contained in this SecUrity Insuument,or there is a IeSal ProceedinB ��Y significandy l , � , _
<br /> �.' , ��• �.
<br /> affect Lender's rights in the Property (such as a procceding in banicruptcy,for condemnation or to enforce laws or �.:?� ;. �� , —
<br /> ngtilaIIons),then Lender may do and pay what�ver is necessary w protect the value of the Properiy and L.endea's rights .��.�� ,
<br /> in the Property,including payment of taues,hazard insuiance and other items mentioned in paragraph 2. • �#'�� .`' �
<br /> Any amoun�s disbursed by Lender under this paragraph shall become an addidonal debt of Borrower and be . ,- �? ''�
<br /> secured by this 5e�uriry Insuume��'Ihese amounts shall bear interest from the datc of disbursement,at the Note rate, . ���� .
<br /> :�r:• '
<br /> aad at the oprioa of Lender.shall be immediately due and payable. .: : ,�, jE
<br /> Boreower shall promptly discharge any lien which has priority over this Security Instrumment untess Borrower:(a) .�;,;.:.'..;.:., `_: .�. , �
<br /> • agrees in wridng t n t he paym e n t o f t h e o b li g a t i o n s e c u r e d b y t h e li e n i n a m f u�►e r a c c e p t a b l e t o L e n d e c;(b)c o n t e s t s� x:��� � �'
<br /> .at ,....,
<br /> good faith the lien by.or defends against enforcement of the lien in,legal proceedings wtuch in ihe Lender's opinion : • �-:��
<br /> operate to prevent the enforcement of the li:n;or(c) secwres fmm the holda of the lien an agreement s�tisfactory to .::,�.' .� :�_
<br /> � Lender subord'u�a6mg the lien to t�is Secwity Instrument If Lender detemunes that any part of the Pcoperty is subject to � • ., 'f�.:•�,_
<br /> a lien w6ich may auain priority ovea this Security Iastrument,Lender may give Borrower a natice idenrifying the lien. ._�. , �'�''`�`' _
<br /> gorrowes shall satisfy the liea os take one or more of the actions sei forth above within 10 days of ihe giving of notice. � �='�`.�.- ��:
<br /> S.Feee.Leader may collect fees and charges authorized by the Sccretary. , :�'��� --- -
<br /> 9.Gronnds for Aoceleration ot Debt � '� '��._
<br /> (a) Detaol4. Lender may, eacept as limited by regulations issued by the Secretary. in the case of payment � � ..:.�..,'r__ � —
<br /> . defaults,require immediate payment in fWl of all sums secured by this Security Inswment if: � , �•.:�-'• '
<br /> (i)Boaowea defautts by failing to pay in full any monthly payment requmed by this Security Instrument ' __•�.,�_. _ ___,__
<br /> prior to or on the due date of the neat monthly payment,or - :�;•;. ',. ^
<br /> (ri)Borrower defaults by failing,for a periad of ttrircy days,to perForm any offier obligations contained in : '.''�.•
<br /> � this Security Instrw�ent . . . �--,
<br /> (b)Sale Wit6out Credit Appmvai.Lender shall.if peamiued by applicable law(including Section 341(d)of ��•
<br /> the Gam-S�Gecmain Deposiwry Instiwdons Act of 1982,12 U.S.C.1701j-3(d))and with the prior approval of � � -�- �
<br /> the Secretary,requirc immediate payment in full of all sums secured by ttiis Security lnswment if: ��
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<br /> �• 1R(HE)(saoa�.o+ Pepo 4 ot B imtlais: �_
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