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��14��519 � � Borrawer co��na�ts that Borrower is lawfully seized of the esta�e hereby con�eyed and has the right to grar�t and cnn�ey the Property, ar�d that the Property is unencumb�red, except for encumbrances of record. Borrower c��enants that Borrower warrants and wi11 defend generaliy the title to the Property against a�1 . claims and demands,subj ect to encumbrances of record. Borrower and Lender cv�e�ants a�ree as foli�ws: —,.�„�. �_�.,.,.,,,._ �,��.. �_,�.�,__, .UNIF�RM C�VENANTS, 1. Payment af Prin�ipa�. Borrower shal� pay when due the principal of the debt e�idenced by the No�e. 1. Borrower Nvt ReleaSed; Forbearance By L�nd�r l�ot a Wai�er. Exten�ion of the �ime of payment of the sum� secured by this Security Instrument granted by Lender ta any successor in interest of Borrawer shall not vperate to release the liability of the originai Borrower or Borra�ver's successor in interest. Lender shal�not be required to cvmmence proceedings against any successor in interest or refuse to extend time for payment ar otherwise modify amortization of the sums secured by this Security Instrument by reason vf any demand made by the origina�Borrower or Borrawer's successors in interest. Any f�rbearance by Lender in exer�ising any right or remedy sha11 not be a wai�er af ar preclude the exercise of any right ar remedy. Z. Successors and AsSigns Bvund;Joint and Se�eral Liability; co-signers. The co��nants and agreements af th�s Security Instrument shall b�nd and benef t the successors and assigns of Lender and B�rrower. Barrower's cv�enants and agreements shal�be join�and se�eral. Any Borrower who co-signs this Security Instrument but does not execute the Note: �a� is co-signing this Security Instrument an�y to mor�gage, grant and con�ey that Borrawer's in�erest in �,he Property under the terms of �iis 5ecurity Instrument; (b� �s not persanally obligated to pay �,he sums secured by this Security Instrument; and �c} agrees that Lender an any other Borrawer may agree to ext�nd, modify, forbear or make ar�y . accarnmodations with regard to the term of this Security �nstrument or#he Note without that Bnrrower's consen�. 3. Natices. Any notice t� Borrovver pro��ded for in th�s Securi�y Instrument sha11 be given hy delivering it by mailing it by first class mail un�ess applicable law requires use of anvther method. The not�ce sha�l be directed t� the Property Address or any other address Borrawer designates by n�tice to Lender. Any no�ice to Lender shall be gi�en by fust class mai�to: U.S. Department of HUD CI�DEVAL LLC . Westpoint 1�1255 Corpvrate Dri�e,Suite 3�� Ir�ing,T�75D38 T�11-Free: (877}5Z2-8525 ar any a�dre55 Lender design�tes by notice to Borrawer. Any notice prvvided far in this Securi�y Instrument sha11 be d�erned to ha�e been gi�en to Barrower or Lender when gi�en as pro�ide� in this paragraph. 4. Ga�erning Law; Se�erabi�ity. This Secur�ty Inst�ument shall be go�erned by Federal law and the law of the jurisdiction in which the�roper�y is Iocated. In the event that ar�y provi�ion or clause of this Se�ur�ty I�st�ument or the l�ote conflicts wi�,h applicable 1aw, such c�nflict sha11 not affe�t o�her pro�isions of this Securi�y Instru.ment or the Note which can be given effect withvut conflicting pra�ision. To this end the pra�is�ons af this Security Instrumen�and the Nate ar�d�clared to be se�erable. Page 2 vf 7 Initi�l