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��14�1�7� <br /> i � <br /> � t ' <br /> Borrower cvvenants that Borrower is lawfully seized of�he estate hereby conveyed and has the right to <br /> grant and convey the Property, and that the Proper�y is unencumbered, e�cept f�r encumbrances of record. <br /> B�rrower covenants that Borr4wer warrants and wi11 defend generally the�title to the Pr�per�y against al� <br /> claims and demands,subject to encu.mbrances of recard. <br /> Borrower and Lender cv�enants agree as foilow,s;, <br /> � UNIF[]RM CUVENANTS, . <br /> �. Payment �f Principal. Barr�wer shall pay when due the principal of the debt evidenced by <br /> �he Note. <br /> 1, Borrower Nat Released; F�rb�arance By Lend�r Not a Wai�er. Extension of the time of <br /> payment of�he sums secured by this Security Instrurnent granted by Lender to any successor in interest of <br /> Barrower shall not operate ta r�lease the liability of the original Barrower ar Borrower's successor in <br /> interest. Lender sha�l not be required to commence proceedings against any successor in interest ar xefuse <br /> ta extend ti_me for payment or otherwise m�dify amartizatian of the sums secured by this Security <br /> Instrument by reason of any demand made by the original Borrower or Borrower's successars in interest. <br /> Any forbearance by Ler�der in exercising any right ar remedy shall no� be a waiver of or preclude the <br /> 'exer�ise of any right ar remedy. <br /> Z. Successors and AsSigns Bound;Joint and Se�eral Liability; co-sign�rs. The ca�enants and <br /> agreements �f this Security Instrument sha11 bx.nd and bene�it the successors and assigns af Lender and <br /> Borrower. Borrawer's co�enants and agreements shall be joint and se�eral. Any Borrower who co�signs <br /> this Security Instrumen�but daes nat exe�ute the No�e: �a} is co-signing this Security Instrument only to <br /> mar�gage, grant and can�ey that Borrower's interest in the Pr�perty under the terms of th�s Security <br /> �nstrument; �b} is not persona�ly obligated �a pay the sums secured by �his S��urity Instrument; and �c} <br /> agrees �hat Lender an any nther Borrawer may agree ta extend, modify, f�rbear or make any <br /> accommodations with regard�o �1ie term of this Security Instrument or the Nate withau�that Borrotiver's <br /> ,consent. <br /> 3. Notic�s. Any n�tice �a Borrower pro�ided far in this Security Instrument shall be gi��n by <br /> deli�ering i� by mai�ing it by firs� class mail unless applicable law requ�res use �f another method. The <br /> nfltxce shall be directed to the Pr�perty Address ar any other address Borrower designat�s by natice to <br /> Lender. Any n�tice to Lender shall be given by first class mail t�: <br /> U.S. Department of HUD <br /> CIO DEVAL LLC <br /> Westpvint 1-1255 Cvrpvrate Dri�e,Suite 3�0 <br /> � Ir-�ving,T�75U38 <br /> Toll-Free: �877)62�-g525 <br /> - �or any address Lender de5ignates by notice ta Borr�wer. Any notice provided for in this Security <br /> Instrument shal� be deemed tfl ha�e �een gi�en �o Borrower or Lender when gi�en as pro�ided in �his <br /> paragraph. <br /> 4. Go�erning Law; Se��rability. This Security �nstrument shall be ga�erned by Federal law <br /> and the lavv of the jurisd�ction in which the Property is Iocated. In the e�ent that any provlsian ar clause of <br /> this Security Instrument or the Nate conflicts with applicable law, such conflict shall not affec� other <br /> pro�isians of this Security Instrument�r the Note which can be gi�en effect with�ut conflicting pro�ision. <br /> Ta�iis end�he pro�isions of this Security Instrument and the Note are dec�ared to be se�erable. <br /> Z of 7 Initial ' � F �° <br /> Page , <br />