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<br /> -� abandon� Pro erty. Borrower shall also be in default if Borrawer, during the lo��applica�ion��ld�s'.°$ave � . . " .
<br />���� materially false or inaccurate information or statemenu to Lender(or failed ta provide Lender with any mate�i�1 f , , �_ , , ._
<br /> infaimatfan) in connection with the loan evidenced by t�e Note, including, but not limited to, representatians , . �
<br /> , conceming Borrower's accupancy of che Property as a principal residence. If this Security Instniment is on a � ,. : . . • •
<br /> leasehold,Borrower shall comply with the provisions of the lease. If Borrower acquires fee ride to the Property,the . _
<br /> leasehold and fee ade shall not be merged unless Lender agrees co the merger in writing. . ' -
<br /> : 6.Condemnatton.The proceeds of any award or claim for damages,direct or consequential,in connection with . ,. �..=.•- �
<br /> . any condemnation or other talcing of any part of the Propeay, or for conveyance in place of condemnation, ue �� i , : _s��:��:
<br /> hereby assigned and sh�U be paid to Lender w the e�cteat of the fuli amount of the indebtedness that remains unpaid : ..--, - -
<br /> under the Note and this Security Instrument. Lender shal!apply such proceeds to the reduction of the indebtedness ` ,_„ _.. .
<br /> " under the Note and this Security M �m nt, firs� to any delinquent amounts applied in the order provided in _���--�
<br /> patagraph 3,and then to prepayment of principal.My application of the praceeds co the principal shall not extend or . ��- � � :--:
<br /> �_ postpone the due date of the monthly payments,which are refernd to in para�raph 2,or change the amount of such �r�;----
<br /> ��:�.`;'�-
<br /> ,_ payments, qny excess proceeds over an amount required to pay all outstanding indebtedness undet the Note and this . ,.,... �
<br /> j•/�2-. —�;_..�-.
<br /> Sec�riry Inspvment shaU be paid to the enaty legally eatided thereto. : � ... . �
<br /> � 7. Charges to Borrower and ProtPCtfou of Lender's �tights in ttt� Ptoperty. Borrower shall pay all ,�- ��:�V:
<br /> ,.4 governmental or municipal charges. fines and imposirions that aze not included in paragraAh 2• Borrower shall pay _ _ —
<br /> : � these obligauons on time directly co the entity which is owed the payment. If failure to pay would adversely affect '";p�
<br /> ? l.eader's interest in the Property, upon ixuder's rcquest Borrower shall promptly furnish to I.eader receipu . . ;:,�_ ._
<br /> evidencing these payments. • � `. r �:�.
<br /> If Borrower f�ila to ma�ie these payments or the payments required by paragraph 2.or fails to perform any other
<br /> � coveaants aud agreemenu cantained in this Security Instrument. or thcre is a legal proceeding that may stgniFcantly �.;'"Y;�. �!
<br /> affect Lender's ri�hts in the Property(such as a proceeding in bankruptcy, for condemnation or to enforcc laws or :�{:... - �
<br /> a'a
<br /> regulations). then Lender may do and pay whatever is necessary ta protect the value of the Pcoperty and L,ender's "'•��
<br /> i rights in the Pcopeny.including payment of taxes.6azard insurance and other items menrioned in paragraph 2. �. . � ;
<br /> � pny amounts disbursed by Lender under this paragraph shall become an additianal debt of Borrower and be --� � ���' '�
<br /> ��. secured by this Security Insuument• These amounts shall bear inrerest from the date of disbursement, at the Note `�� �' �
<br /> nte aad at the o uon of Lender,shall be immediately due and payable. ������?'�,:' '
<br /> P
<br /> �Bonower shall prompdy discharge any lien which has priority over this Security Instrument unless Borrower. !t •
<br /> (a) agrees in writing to the payment of the obligarion secured by the lien in a manner acceptable to Lender; (b) � � , "`�, t' �
<br /> . contests in good faith the liea by. or defends against eaforcement of the lien in, legal proceedings ahich in the • �. ' �:;
<br /> � Lender's opinion optrate to prevent the enforcemenc of the lien; or (c) secures from the holder of the lien an �����
<br /> . agreement satisfactory to Lender suhordinating the lien to this Security Insaument.If Lender deternvnes that any pan -� ,��4
<br /> " , of the Property is subject to a lien wluch may attain priority over [his Security Instrument. Lender may give u�'����~ �
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<br /> Boaower a notice identifying the lien. Bonower shall satisfy the lien or take one or more of the actions set forth �;,��:
<br /> �:,�.�.-�:__�
<br /> � above within 10 days of the giving of notice. .=�»�;-
<br /> . 8.Fees.Lender may collea fees and charges authorized by the Secretary. -' "`"' '�'�'''�-
<br /> ; 9.Grounds for Acceiecation of IDebt. "t��
<br /> ,s (a) Defauit. Lender may, eacept 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 Instn�ment if: ���`'T"-::'�.�°�.�-
<br /> :'; (i)Boaower defaulu by failing to pay in full any monthly payment required by this Secnrity Instrumeni '����`-=-��
<br /> r prior to or on the due date of the next monthly payment,or �''�%� "'�
<br /> ,1 ' "T'`�,`;��?3
<br /> ; (ii}Borrower defaults by failing,for a period of thirty days,to perform any other obligarions contained ,_ `
<br /> { in this Security Insuument. �`��
<br /> ��.��r. _���
<br />- �� (6) Sale Without Credit�ipproval. Lender shall. if permitted by applicable law(including Section 341(d) ;-..,:�<:^•`�.;.'-:�.-.'u�-•:_
<br /> of the Gam-St. Gemiain Depository Institutions Act of 1982, 12 U.S.C. 1701j-3(d)) and with the prior � -
<br /> ._ approval of the Secretary.require immediate payment in full of all sums secured by this Security Instrument °"x"`�
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