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��1 5��7�3 lb.Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercis�ng any right or remedy sha�l not be a wa��er of�r preclud�th�exercise of any r�ght ar remedy. 17.Successors and Assigns Bound;Joint and Se�eral Liab�lity. The��enants and agreements af this Se�urity Instrument sha�l bind and benefit the successars and assigns�f Lender.Borrower may nat assign any rights or obligations under this Security Instrurnent�r under the Not�,except to a trust that meets the requirements of the Secretary. Borrower's co��nants and agreements shall be j oint and se�reral. Notw�thstanding anything to the cantrar�herein, upan th�death of the la.st survi�ing Borrower,th� Barrower's successors and assigns will be bound to perform Borrawer's ahligations under this Security Instrument. 18.N�tices.Any not�ce to Borrow�r pro�ided for in this Security Instrument shall be gi�en by deli�ering it or by mailing�t by first class mail unl�ss applicable lavv requires use�f another method. The notice shal l be directed t�the Property Address or any other address all Borrawers j ointly designate. Any natice to Lend�r shall be given by first class mail ta Lender'�address sta�ed herein or any address L�nder designates by notice to Barr�wer.Any notice tv a�ion-Borrowing Spous�provided for in this 5ecurity Instrument shall be gi�ren hy delivering it or by mailing it by first class mail uniess app�i�ab�e law requires use of another methad. The n�tice sha�l be directed t�the Property Address. Any notic� pro�id�d for in�his Security Instrumen�shall be deemed t�ha�e been gi�en to Bnrrower,Lender,or �on-Borrowing Spause v�hen�i�en as pro�i�ied in this Paragraph 17. 1�.Go�erning Law; Severability.This Se�urity Instrurnent shali be go�erned�y Federallaw and the �aw of the jurisdiction in which the Property is lo�ated. In th��ent that any pr��isian vr clause�f this Se�urity Instrument or the Note conflicts with applicable law,such confl�ct shall not aff�ct ather pro�isions of this Security Instrument or the Note which�a.n be gi�en effect without th�canfli�ting pro�isivn.To this end the pro�isions of this Se�urity Instrument and the�lote are de�lared to be se�erab��. 2D,Borrower's Copy. BorravWer shall be given ane conf�rmed co�y of the Note and this Security Xnstrument. �1.Third-Pa rty Ben ef�ia ry. Except as set forth in Paragraph 1 D�a}(i i�and only for an E1 igible �ion-Borrawing Spouse,this 5ecurity Instrument does not and is not intended to confer any rights or remedi�s upon any pers�n other than the parties. Borrower agrees that it is not a third-party beneficiar� t�the Contract of Insurance between H UD and Lender. 2Z.Capitali�ed Terms.Capitali�ed terms not defined in this 5ecurity Instrument shall ha�e the meanings ascribed to them in the L�an Agreement. N�I�T-UNIFDI�M C�VENANTS.Borr�wer and L�nder cavenan�and a�ree as f�ilovvs: �3.Assignmeat of Rents.Borrawer unconditiana�ly assigns and trar�sfers ta Lender al��he rents and re�enues of the Property.Borrower autharizes Lender or Lend�r's agents��col�ect the rents and re�enues and hereby directs each t�nant af the Propert�t�pay the rents to Lender or Lender's agents. However, prior to Lender's notice ta Borrawer of Barr�wer's breach of any co�enant or agre�ment in�he Security Instrument,Borraw�r shal i �o��ect and re�eiWe all rents and re�enues of th�Property as trust�� for the benefit flf Lender and Borrower.This assignment of rents constitutes an absolut�assignment and nat an assignment for additi�nal security anly. Page 9 of 14 HECM Firsi Deed 4f Trust-2015