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<br /> � � abandoned Properry. Borrower shall also be in default if Borrower, during the loan�application process, gave � � • � -.
<br /> ;� materially false or inaccurate infocmation or statements to Lender (or failed to provide Lender with any material ; � � 4 '=�
<br /> � ! information) in conneaion with the loan evidenced by the Note, including, but not limited to, repmsentations � . -
<br /> � � concerning Borrower's accupanry of the Praperty as a principal residence. If this Security Inscmment is on a - , � � -
<br /> � it-���..m. nc nf tho laseP If , �.:.:'s'.i°v:^ t` Dj^^...«.� ------_=—_.- -=J.
<br /> , leasehold,Horrower shall comply w::.. Y...:i:ie._.__ _ ��•»e:�:,sir� ..:,.c. �F,..=�J �,e
<br /> _ � leasehold and fee tide shall not be merged unless Lender agrees to the merger in writing. • =T'
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<br /> 6.CondemnatIon.The proceeds of any award or claim for damages,direct or consequenaal,in connection with � - - -=- �
<br /> any condemnation or other tafdng of any part of the Properry, or far conveyance in place of condemnation, are � , -�1�
<br /> � hereby assigned and sh�li be paid to Lender to the e�tent of the full amount of the indebtedness t�at remains unpaid ' _ . �� _
<br /> under the Note and this Security insaument. Lender shall apply such proceeds to the reduc[ion of the indebtedness : � . � �����
<br /> , under the Note and this Securiry Instrnment, fust to any delinquent amounu applied in the order provided in � � - - �� - .-- -
<br /> paragraph 3,aztd then to prepayment of principal.Any application of the proceeds to the principal shall not extead or . ' ••a�
<br /> postgone the due date of the monthiy payments,which are referred to in paragraph 2,or change the amount of suc� � ,.�'�"��'`���
<br /> payments. Any excess proceeds over an amount required to pay all outstanding indebtedness under the Note and[his � • -_ --'�-`
<br /> Security Instrument shall be paid to the enury legally enuded[here[o. _ ;"��''"���.
<br /> °. 7. Charges to Borrower and Proter�on of Lender's Rights tu the Properiy. Borrower shall pay all • J�`��.=;
<br /> '�e':�' ..•:.-;�"
<br />, governmental or municipal charges, fines and impositions that are nat included in paragraph 2. Boaower shall pay �,.: ..-,� .{__
<br /> � these obligations on time directly to the enuty which is owed the payment. If failure to pay would adversely affect . *`� �. ,_�� "� '
<br /> Lender's interest in We Pro e n I.ender's r uest Bonower shall rom il furaish to Lender recei ts - • . �'"���'°�,
<br /> P n3', � �1 P P Y P �--
<br /> � evidencing these payments. ��,'��"��
<br /> If Bonower fails to make these payments or the payments required by paragraph 2,or fails to perform any other ' • ...- �= �� �_°-
<br /> �` covenants and agreemenu contained in this Securiry Insuument, or there is a kgal proceeding thac may significantly � � ���"� —""
<br /> affcet Lender's rights in the I�roperry(such as a proceeding in banluuptcy, for condemnuion or co enforce laws or . � � ' �
<br /> . •� " -_-
<br /> regulations), then Lender may do and pay whatever is necessary to protect the value of the Propert}r and I.ender's . � .. �.�.;��:.�. �-_ .
<br /> • rights in the Property,including payment of taxes,hazard insarance and other items mentioned in paragraph 2. � , :.;°�.:.. �.
<br /> Any amounts disbursed by Lender under this paragraph shall become an additional debt of Borrower and be �:
<br /> . secured by this Security Insmimeat. These amounu shall bear interest from the date of disbursement, at the Note ���;:�i�:. .
<br /> . rate,and at the option of Lender,shall be immediately due and payable. � '''�� �
<br /> Borrower shall prompdy discharge any lien which has priority over this 5ecurity Insuument wiless Bonower: .� y�y� _.
<br /> � (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) "'S -� •� ;; �
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<br /> contests in good faith the lien by, or defends against enforcement of the liea in, legal proceedings wtuch in the ' �-• ���' ''� _
<br /> �• n: r. � —
<br /> ; Lender's opinion operate to prevent the enforcement of We lien; or (c) secures from the holder of the lien an • '�� ;; ' i
<br /> � agreement satisfactory to Lender subordinating the liea to[bis Security insuument.If Lender determines that any part s
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<br /> ; of the Property is subject to a lien which may attain priority over this Security Insuument, l.ender may give ���,�•`' '��
<br /> �. : Boaower a norice identif}+ing the lien. Borrower shall satisfy the lien or take one or more of the actions set forth �'°� ":� ''•�
<br /> above within 10 days of the giving of notice. �"�'�; ,
<br /> . 8.Fees. L.en der 9na co l lect fees an d c har es au t ho r i z e d b the Serre `��,: %��.-�
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<br /> ' 9.Gro�nnds for Acceteratfon of Debi. " ��-:'=
<br /> � " (a)Default. l.ender may.except as limited by regalations issued by the Secretary, in the case of payment ���`a�.; `----�—..
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<br /> , defsulu.require immediate payment in full of all sums secured by this Security Instrument if: � ..,-�,-:-���'�y.
<br /> � (i)Borrower defaults by failing to pay in tull any monttily payment required by thls Security Instrument _ � �-�`^
<br /> ' prior to or on the due date of the neat monthly payment,or � ,�'._
<br /> , - (ii)Borrower defaults by failiqg, for a pedod of thirty days,to perfonn any other obligations contained --�-T'���•"�^'""=`
<br /> ,. in this Security lastrument. �-� °�`
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<br /> (b)Sale Wtthout Credit Approval. Lender shall, if permitted by applicable law(wcluding Section 341(d) __ —
<br /> j of the Gam-St. Germain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior •+"�-a�;T�-�
<br /> � approval of the Secretary,require immediate payment in full of all sums secured by this Security Instrument �• ::.,:�:�t..��'�
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