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<br />� Borrower shall also be in default if Borrower. during the loan application pmcess. gave i _ . ' � - .
<br />, abandoned Propertp• ; � � ,�,.
<br /> ; roaterially false or inaccurate information or statemen t s c o L e n d e r(o r f a i l e d t o p r o v i d e L e n d e r with an Y matenal , ' ` .
<br /> information) in connedion w�t}► the loan evidenced by the Note, including, but not limited�`rument�'�s on a ' �
<br />�� conceming Borrower's occupancy of the Property as a principal residence. If this Security � ,� ,-
<br /> 5 leasehold,Bomower shall comply with the pravisions of the lease. If Borrower acquires fee title to tiie PropertY,the _ . .�.
<br /> { leasehold and fee citle shall not be merged unless L.ender aP,rees to the merger in writing• �` , � ,.�,.: t
<br />,i 3.Co�Hzmualfua Ths pz�xeds of any award or clai�for damages,direct or cansequential,in connection with � . _ _ .: .
<br /> ' any condemnation or other ta]dnS of anY Part of the Property, or for coaveyance in place of condemnation, are
<br /> bereb assi ed and shall be paid to Lender to the extent of the full amount of the indebtedness that remains unPud , � "'��� y
<br /> Y Sn • � . °�?rt"
<br /> under the Note and this SecvritY Ins��nt. L en der s h a l l a p p l y s u c h p r o c e e d s t o t h e r e d u c t i o a o f t h e i ndebtedness _
<br /> under the Note and this Security lnsuument, first to any delinquent amounts applied in the order provided in . ��,,:=v�
<br /> paraga�h 3,and tt►en to prepayment of principal.Any apPlication of the pmceeds to the priacipal sha11 not extend or .�--���.�..
<br /> .. ��;.:r.�
<br /> postpone the due date of the monthly payments,which are referred to in paragraph 2,ar change the amount of such �•:nr•
<br /> paymeuts. Any excess procceds over an amount required to pay all outstanding indebtedness under the Note and this ..��� '.r�.
<br /> Security insuumeat shali be paid to the earity legaUy entitled thereto. . . .':'��
<br /> 7. Cha�ges to Borrower and 1'rotettion of L:n�er's Rtghts in tlse Properiy. Borrower shall pay a11 '� � ;
<br /> sinons that are not included in paragraph 2.Bortowe�shall pay � � ��.
<br /> � govemmen t a l or municipal char ges. fines and impo . .
<br /> these obligations on time directly co the enutl'Wluch�s owed the payment. If failure to pay woutd adversely a f fec[ � ....�;�'::-
<br /> � • Lender s incerest in the Propertl+, upon Lender's request Borrower shall promptly fumish to I.ender receipts . _ ._� `c�
<br /> �i evidencing these payments• h 2.or fails to erform any other ,,��'�,:.�',
<br /> If Boaower fails to make these paymencs or the payments required bY P�B�P p � �' _,,, -
<br /> covenants and agreements contained in this Securiry Instrument, or there is a legal proceeding that may significantly . ` :,.�;: :'°
<br /> affeM Lender's rights in the Praper[Y (such as a procePding in banlauPtcy, for condemnation or to enforce laws or � , -
<br /> regulat'sons),then L.ender may do and pay whatever is necessary to protecx the value of the Property and I-ender's : � ,
<br /> ,' .:.tip's,7ti .�f ::
<br /> rights in the Propeity.including payment of taxes.hazard insurance and other items menuoned in paragraph 2. •:; ` .
<br /> Any amounu disbursed by Lender under this panSraPb shall become an additional debt of Bor�ower and be � �,�;�,-
<br /> secured by this Secur►ry Im�rument- These amounts shall bear interest from the date of disbiusement, at the Note �;;F `
<br /> rate,and at the option of Lender,s�eall be immediatelY due and payable. ��•� --
<br /> e lien which has priority over this Securiry Irs[�ument unless B°1TOwer. : �� .`"�. tc : �
<br /> Borrower sttall prompily discaarg any - • s
<br /> �a� agrees in writing to the paymenc of the obligation secured by the liea in a manner accePtable to Lender, (b) '�.,;,�y�;�,. �,' .`'
<br /> contests ia good faiih the lien by, or defends against enforc�ment of the lien in, legal proc�e�dings which in the . �• : .4.f.rJ:�
<br /> °'`�">>__
<br /> Lander's opinion operate to prevent t he e n f o r c e m e n t o f t h e l i e n: o r (c) s e c u r e s fr o m the holder of the liea an ,,,;�;n ___.
<br /> .. agreement satisfactory to l.ender subordinating the lien to this Security Instn�menc•If Lender determiaes that any pan -�arat+..- ,a:s __
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<br /> • of the Property is subject to a lien which may attain priority over this Security lnsuument, Lender may give � -'�W,
<br /> Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth
<br /> :�'�`_--�-
<br /> abovc within 10 days of the giving of notice. _'�
<br /> :�������• '
<br /> g,Fees.Lendar may collecc fees and charges authorized by the Secretary.
<br /> 9.Grounds for Acceterattan of Debt. - - __
<br /> j� (a)Defaatt. Lender may. except as limited by regulations issued by the Secretary. in the case of payment , ��==._yp _ �
<br /> � defaults,require immediate payment in full of all sums secured by this SecuntY lns�vmen��f� 't- . , ••��:•
<br /> (i)Bonower defaults by failing to pay in fu�1 any monthly paymient required by this Security Instrume�►t _
<br /> prior to or on ttte due date of the next montlily payment,or � �`���-
<br /> . .�,,�_. ��:
<br /> (ii)Soaower defaults by failing,for a period of thury days,to perform any other obligations contained ;: ��, ,. ,
<br /> � in this Seca�rity Instrument. � �.,:;�.��`�,:s,;':^�`
<br /> �-. �
<br /> {b)Sale iNithaut Credit Approval•1,ender shall, if permitted by applicable law(including Section 341(d) . �_.•. :,� � .
<br /> ' of the Gam-St. Cem�ain Depository Institutions Act of 1982. 12 U.S.C. 1701j-3(d)) and with the pri�or �?�`� .
<br /> . itM Y.:.,.-a•'Y'.•M`=�'r
<br /> . approval of the Secretary,requ�re immediate payment in full of all sums secured by this Securiry Insuument . . ••�-•'• =F••:• � .
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