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��14����7 <br /> Secre�ary. <br /> �f�he circums�anees described�n���ar��i}occur,then a11 payments by�he Secretary, <br /> xncluding interest on the payments, but exc�udzng late charges paid by the Secre�ary, sha��be <br /> inc�uded�n�he debt under�he Note. <br /> (c)Effect on �orrower.Where�here is no assignment or reimburs�ment as descr�bed in�b}�i}or <br /> t��}and the Secre�ary makes payments to Borrower,then Borrower sha��not: <br /> ���Be required to pay amaun�s owed unde�the Note, or pay any rents and re�enues�f�he <br /> Property under Paragraph �9�o Lender�r a rece�ver of the Propert�,unti�the Secretary has <br /> required payme�.t-in--ful1�f all outstanding pr�nc�pal and accru�d interest under�he Secnnd <br /> No�e;or <br /> �ix}Be obligated to pay interest or shared apprecia�ion under the N�te at any tim�,whether <br /> accrued before or after the paymen�s by�he Secretary, and�hether or no�accrued�n�erest <br /> has been inc�uded in�he pr�ricipa�balance under�he Nvte. <br /> �d�No Duty of the Secretary. The Secretary has no dut}�ta Lender to enforc�covenants of�he <br /> Second Secur�ty Ins�rument ar�o take actians to preser�e the value of the Properfiy,even though <br /> Lender ma�be unab�e to col�ec�amaunts owed under the Nate be�ause of res�r�c��ons in�his <br /> Paragraph I3. <br /> 14. F�rbearance by Lender Not a�Wai�er.Any forbearance by Lender�n exer��sing any right ar <br /> remedy sha��no�be a v�aiver of or pre�lude the exercise of an�right�r remedy. <br /> 15. Successars and Ass�gns Bound; Jo�nt and Several Iliability. The co�enants and agreements of <br /> th�s S�curit�Ins�rument shal�bind and benef�the successors and assigns of Lender.Borrnwer may not <br /> ass�gn any r�gh�s or obl�ga��ons under�his Secur�ty�nstrum�nt or under the Na�e,excep�to a trust�hat <br /> meets�he requ�rements of�he Secre�ary. Borrower's covenan�s and agreements sha11 be joirit and se�eral. <br /> 16.Notices.An�no��ce�o Borrower prov�ded f�r in this 5ecurity Instrumen�shall�e given by <br /> delivering��ar by ma�l�ng it by f�rs��lass ma�l un�ess applicab�e�aW requires use of another method. <br /> The notice shall be direc�ed to the ProperCy Address ar any o�her address al�Borrovvers joint�y designate. <br /> Any n�tice�o Lender shal�be given�y first c�ass mail to Le�.der's address s�ated herein or any address <br /> Lender designa�es by not�ce to Borrow�r.Any notice prav�d�d for�n�his Secur�ty�nstrument sha��be <br /> deemed to ha�e been g�ven��Borrower or Lender v�hen g�ven as provided in this Paragraph 1�. <br /> 17. Gaverning Law; S��erability. Thzs Security�ns�rumen�shail be governed by Federal Iaw and�he <br /> la�of�he jurisd�ction in wh�ch the Property is �ocated. �n the event that any prvvision or clause of th�s <br /> Secur��y Ins�rument or the Not�conflicts vv��h applicable lav�, such canflict sha11 n�t affect other <br /> prov�sions�f this Secur��y�ns�rument ar the N�te which can be given effe�t wi�hout the conflicting <br /> pra��sion. To th�s end�he provis�ons of this S�curit��ns�rument and�he Note axe d�clared�o be <br /> severable. <br /> 1S.Sorrower's Copy.Borrav�er shal�b�given one conformed capy af�he Note and�his Security <br /> �nstrumen�. <br /> N�N-UNIF�RM C�VENANTS.Borrower and Lender covenant and agree as fo���ws: <br /> Page 7 af 12 HECM Fiz�st Deed af Trust <br />