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��14��575 <br /> the First No�e becaus�of res�rictions in this Paragraph 13. <br /> (e}Re�tr�ct�ons vn Enfarcement.Notwithsta.nding anything�lse in th�s Se�uri�Instrum�nt,the <br /> B�rro�ver shal� not be ob�igated to camply with the covenants hereof, and Paragraph �9 shall have <br /> na farce ar�d effec�,whenever there�s no ou�standing baiance under th�SecQnd N o�e. <br /> 14. F�rbearance by Lender Not a'�'aiver.Any forbearance by Lend�r in exercising any right or <br /> remedy sha�� n�t�e a wai�er of ar preclude th�e�er�ise of any r�ght�r remedy. <br /> 15. Successvrs and Ass�gns Boundy Ja�nt and Severa�Liabi�ity. Borrawer may n�t assign any r�gh�s <br /> or obligations under�his Securi�}�Instrument or�he Second No�e,except to a trust tha�m�ets the <br /> reQuirements af the Se�re�ary. Borrovv�r's co�enants and agreements shall be j oint and severai. <br /> 16.Not�c�s. Any n�t�ce�o Borrov��r pro�ided for�n this Se�ur�ty Instrument shall be given by <br /> deli�ering it or by ma���ng i�t by first c�ass mai�unless app��cable iavv re�uires use of an��her me�hod. <br /> The no�ice shal� be directed to�he Pr�per�y Addr�ss or any ather address ali Bnrro�ers jointly d�signat�. <br /> Any natice ta the Secre�ary shall be gi�en by firs�class mail to the HUD F��ld�ff c�vvith j ur�sdi�tion <br /> aver the Property or any otl�er address designated b�the Secre�ary. Any not�ce pr�vided for�n th�s <br /> Secur��y I�s�rument shal�be deemed�o ha�e been gi�en�o B�rro�rer or Lender when g��en as pro�ided <br /> in th�s Paragraph 16. <br /> 17, �overn�ng Law; Severab���ty. This Secur��y Instrument sha�l be g��erned by Fed�ral�aw and the <br /> �aw of the jurisdi�tion �n vvhich the Prop�r�y is located. �n the event that any pro�ision or c�ause of th�s <br /> Security Instrument or the Se�ond Note�anflic�s w�th applicable�aw, such conf�ict shall not affec�ather <br /> provis�ons of�his Securit� �ns�rument or the Second Note v�hich can be given effect�v��hout the <br /> conflicting pro��sion. To th�s end�he provis�ons af th�s Security�nstrumen�and�h�Se�ond Nate are <br /> deci ared to be se�v�rabl�. <br /> 1S. Barrower's Cop�. Borrower shall be given one confarmed cop}��f the Second Note and�his <br /> S�cur�ty �ns�rum�nt. <br /> N�N-LTNIF�RM��VENANTS. Borrovver and Lend�r covenan�and agree as fo��ows: <br /> 19.Ass�gnment of Rents. Borrower unco�d���ona��y assigns and transfers to Lender aI1 the reri�s and <br /> revenues af the Property. Borrov�r�r authorizes Lender or Lender's ag�nts to coliect�he r�nts and <br /> rev�nues and h�reby dxrects each�enant of the Property to pay the ren�s ta Lender�r Lender's agen�s. <br /> Howe�er, pr�or to Lender's nn�ice�o Borrower of Borra�er's brea�h af any covenan�or agreem�nt�n the <br /> Security In��rumen�, Borrower shall col�ect and receive a�� r�n�s and re�enues of the Proper�as trustee <br /> far the b�n�f��f Lender and Borro�er. This assignment af ren�s c�nstitut�s an absolute assignn�.�nt and <br /> n�t a assignment for addit��nal security on�}�. <br /> �f Lender g���s no�ic�of�reach ta Borrower: �a]all r�nts rece�ved by Borrower sha��be h�ld by <br /> Borr�vver as trustee for benef t of L�nd�r�nly,to be appl�ed to th�sums secured by thxs Securit� <br /> Instrument;�b)Lender shall be entitl�d��col�e�t and rece�v�all af th�rents of�he Proper�y; and�c} <br /> �ach tena�t of�he Proper�y shall pay a�1 ren�s due and unpa�d to Lender or Lender's agent on Lender's <br /> written demand to�h�tenan�. <br /> Borro�ver has not executed any pr�or ass�gnmen�of the r�nts and has not and wrll no�perform any aet <br /> �hat�ou�d preven�Lender from exercis�ng its rights under�his Paragra�h �9, excep�as prov�ded in�he <br /> First Secur�ty Znstrument. <br /> pa�e 7 of].1 HECM Second Deed O�'Tn.�s# <br />