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201502605 <br /> (i) Be required to pay amounts owed under the Note, or pay any rents and revenues of the <br /> Property under Paragraph 21 to Lender or a receiver of the Property, until the Secretary <br /> has required payment-in-full of all outstanding principal and accrued interest under the <br /> Second Note; or <br /> (ii) Be obligated to pay interest or shared appreciation under the Nbte at any time, whether <br /> accrued before or after the payments by the Secretary, and whether or not accrued <br /> interest has been included in the principal balance under the Note. <br /> (d) No Duty of the Secretary. The Secretary has no duty to Lender to enforce covenants of the <br /> Second Security Instrument or to take actions to preserve the value of the Property, even <br /> though Lender may be unable to collect amounts owed under the Note because of restrictions <br /> in this Paragraph 14. . <br /> 15. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or <br /> remedy shall not be a waiver of or preclude the exercise of any right or remedy. <br /> 16. Successors and Assigns Bound; Joint and Several Liability.The covenants and agreements of <br /> this Security Instrument shall bind and benefit the successors and assigns of Lender. Borrower may <br /> not assign any rights or obligations under this Security Instrument or under the Note, except to a <br /> trust that meets the requirements of the Secretary. Borrower's covenants and agreements shall be <br /> joint and several. <br /> 17. Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering <br /> it or by mailing it by first class mail unless applicable law requires use of another method. The <br /> notice shall be directed to the Property Address or any other address all Borrowers jointly <br /> designate. Any notice to Lender shall be given by first class mail to Lender's address stated herein <br /> or any address Lender designates by notice to Borrower. Any notice to a Non-Borrowing Spouse <br /> provided for in this Security Instrument shall be given by delivering it or by mailing it by first class <br /> mail unless applicable law requires use of another method. The notice shall be directed to the <br /> Property Address. Any notice provided for in this Security Instrument shall be deemed to have <br /> been given to Borrower, Lender or Non-Borrowing Spouse when given as provided in this <br /> Paragraph 17. <br /> 18. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the <br /> law of the jurisdiction in which the Property is located. In the event that any provision or clause of <br /> this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other <br /> provisions of this Security Instrument or the Note which can be given effect without the conflicting <br /> provision. To this end the provisions of this Security Instrument and the Note are declared to be <br /> severable. <br /> 19. Borrower's Copy. Borrower shall be given one conformed copy of the Note and this Security <br /> Instrument. <br /> 20. Third-Party Beneficiary. Except as set forth in Paragraph 10(a)(ii) and only for an identified <br /> Non-Borrowing Spouse in this document, this Deed of Trust does not and is not intended to confer <br /> any rights or remedies upon any person other than the parties. Borrower agrees that it is not a <br /> �� <br />