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2� 1 ��3474 <br /> 16.Forbearanc�hy L�nder Na�a W'aiver. Any farbearan�e b}�Lend�r in exercising any r��ht or <br /> r�medy sha�x rio�be a wa�v�r of or pre�lude the exer�ise of any r�bh�ar r�medy. <br /> 17.Su�C�sso�-s and Assigns Bound;Jaxn�and Se�era�Li�b�Zity. The�ovenan�s and agr�ements of <br /> this Securit�Znstrument shall bind and benef t the su�cessars and asszgns�f Lender.Borrower ma�no� <br /> ass��n a�y righ�s or o�l�gation5 under this Se�urity�nstrumen��r un�er th�Nate,e��ep�to a�rus��ha� <br /> mee�s�he requiremen�s�f�he Secretary.Borrower's coven�nts and agr�ements shal�be join�and se�era�. <br /> Notv�i�hstanding a.nything fo the con�.rary herein,upon the death of�he last sur`�rving Borrov�er,�he <br /> Borr�v�er's succe�sars and assigns wil�be bound�o perf�rm Borrovi�er's�l�ligatior�s under�h�s S�curit� <br /> �ns�rument. <br /> 18.l��otices.Any notice to Bo�rQwer pra�ided far in�his Se�uri�y Znstrum�n�shall be g��en b�r <br /> d�liverzng i�or by maiiin�i�b�first class mai�unless applicabie law requires use ofano�her me�hod. <br /> Tl�e n�tzce sha�i be dxrec�ed to the Pr��ex�y Address❑r any o�her address all Boz�rowers j�intly desi�nat�. <br /> Any no�ice ta�,�nder sh�li be g��en by f�rs�class ma��t�Lender's addr�s�sta�ed h�re�n or an�address <br /> Lender designates by notice to B�orraw�r. Any n�tice��a N�n-�orr��.�ving Spouse pr�vided for in�his <br /> Securi�y Ins�rum�n�sha��be gi�en by d�lz�e�-�ng i�o�by mailing it�y��rst�Iass ma�l unles�app�icab�e <br /> law requ�res use of ano�her me�:h�d. The no�ice shaii be directed�o the Property Address. Any n�ti�e <br /> provided f�r in�lzis�e�urit�Inst�-ument shall be deemed�o have been biven���flrrower,L�nder,or <br /> Non-Bc�rrow�ng Spou�e when given as prov��ed in�his Para�raph �7. <br /> 19.Gaverning Law; Severabi�ity. Thrs Se�urity�nstrumen�shall b�gov�r�ed�y Fed�ra.l law and�h� <br /> �avv of�he jurisdic��on in��vhich tl��Pr�p�r�is l�ca�ed. �n�he e�en�that any�ro�isi�n or c�ause Qf this <br /> Secu�rity In�tru�men�or�he Note��nf�iCts vvith appl��abte�aw,su�h�onf�i�t shall not affec�ather <br /> pro�v�sions of thi�S��uri���nstrument ar the No��which cari be�iven effect��v�thout�he conflictin� <br /> pr�vision. To�his end�he pr�v�sions Qf�his S�cur��y�ns�rument and�he Note are declar�d��be <br /> s��erable. <br /> 2�.Barrow�r's Capy.Borro���r�ha11 be gi�reza ane confor�ned cnp�of�he No�e ar�d�h�s Security <br /> Yns�rument. <br /> 21. T�ird-Part��enef�ciary. �xc�pt as s�t for�h in P�ragraph 1 Q�a}�i��and only for an Elig�b�e <br /> Non�-�orro�zng S�pouse,�h�s SeGuri�y Ins�rument d�es n��and�s no�in�ended�o�onfer ar�y r�gh�s or <br /> remedies upon any person other than�he pa.r��es. B�rrower agrees tha��t is no�a third-pax•t��benef cia.ry <br /> tQ the�antra�t of�nsurance between HUD and Lender. <br /> ��,�apitalized Terms. Capital��ed terms not def ned in th�s Securit��ns�rumen�shall ha���he <br /> meaninbs ascribed�a them in the Loan Agreemen�. <br /> N�N-UNIF�R.N���VENANTS. Barra�vv�r and Lend�r covenant and a�ree as f�l�ows: <br /> 23.Assignmen�af R�n#s.Borrower ur�cond�t�ona��y assi�ns and transf�rs to L��-�d�r all�h�ren�s and <br /> re���ues of�h�Propert�.Borrow�r authot-i�es Lender 4r Lender's ag;en�s to coi��ct�he rents and <br /> re�enues and h�reb�dire���ea�h��na�t of the Praper�to pay�h�rents t4 Lender or Lend��-"s aa�n�s. <br /> H��v�ver, pri�r��Lender's notz�e ta B�rrQwer of B��-rav�er's breaeh�f any Go�enant c�r agre�ment in the <br /> Securi�y Zns�rum�nt,Borrower shall colle��and rece�v�al�ren�s ar�d rev�nues of�h�F�roper��as�rus�ee <br /> far the ben�fi��f Lender and BorrQw��r.This��signm.�n�of ren���ons��tutes an absolu�e as�ibnment a.nd <br /> not an assi�nmen�for additional security onl_y. <br /> Pa�e 9 of 14 �-�CM First Deed�f Tn�st-?Q I 5 <br />