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2� 17�2233 <br /> Bo�r�v�rer �i1� pay the ta�, �with iri�er�st and p�na�ties ther��n, if any. If Lender is advised by <br /> counse� �has�n b� it that the pay�n�nt of ta� b� Iridivi�ua.� Barro�rer wou�d be ur��av�fu� o� <br /> taxab�e to Lend�r ar ur�enfar��abl� or provide th� bas�s f�r �. defense of usur�th�n L�nder sha11 <br /> hav� th� ��tior� by v�r�tt�n not�ce of r�o� �ess than on� hundred tv�ent� (1��� days t� d�clare th� <br /> De�t immed�ate�y�ue ar�d�ayabl�. <br /> �b} Indivic�u�.1 �orrav�er wi�� r�ot ��aim �� demand ar b� ent�tled t� any cred�t <br /> �r cr�dits an account of th�De�t f�r any par� af the Ta��s or �ther �ha�g�s asse�sed aga�r��t the <br /> Pr�p�rty, ar any par� thereof, and na dedu�t�on sha�� otherw��e be made or c�aimed fram the <br /> asse�sed ��lue �f the Praperty, ar any par� there�f, f�r real estat� tax��urposes l�y reason of th�.s <br /> Se�urity Instrum�r�t or the I�ebt. If such ��airn� cred�t �r de�u�tion sha�l be r�c�uire� b� la�v, <br /> Len��r shall have�he �pt�on, by�rri��en n�tice of not�ess�han one hundred t�venty�12�� days,t� <br /> dec�are th�D�bt�mmediat�ly�ue and paya�I�. <br /> �c� If at a.ny ��me the �nited States af America, ar�� State thereof ar an� <br /> subdivi�ion of an�such �tat� sha�� requ�r�rev�nue ar other stamps t� �e a�ff��ed��t�e 1�Iote, this <br /> Security In�trument, or any af the other L�ar� Documents or impa�e any �ther tax or charg� on <br /> the sam.e, Indi�ridual Barro�v�r�vi��pay for the �am�, with ir�t�rest and�ena�ties th��eon, if�.n�r. <br /> Sect�an �.� Severin� �f- Secur�t� Instrument. The pr��xsions of <br /> �ection S.Z��� �f the Laan Agreem�nt are hereby inco�p�rate�hereir�b�ref�rence. <br /> A1�TI�LE � - TRANSF�RS <br /> S�ction G.1 I1�nd�r R�l�ance. Individua� B�rro�rer acl�nowledg�s that Lender <br /> has e�am��.ea� and re�ied an the ���er�enc e af B orr�Vv�r and �ts general par�ners, membe�s, <br /> pr�ncipals and �if B�rrav��r is a trust� b�nefic�al ��ners ir�o�ning and operat�n� pr�pert�es ���h <br /> a.�the Property in agreeing tQ ma���the Loan, and�v�ll c�nt�nu�ta rely or�Bor���er's �v�rr�ership <br /> ��th� l�r�pert� as a rnear�s of main�a.inir�g t�e va�ue �f t�.e Prop�rt� as securit�far repa�m�nt af <br /> the De�at and the perf�rman�e of the �ther �b�igatians. Barrov��r a�l�nav�Iedges that Len��r has <br /> a va�id interest in ma�nta�r��ng the value of the Propert� �o as t� e�.sure that, shou�d Borra�v�r <br /> d�fau�t in th� r�pa�m.�nt of the I�ebt �r the p�rfarmance af the �ther �bl�gation�, Ler�der can <br /> �ecove�the Del��by a sa�� flf the Proper�y. <br /> Se�tion �.� No Sa�elEncumbr�.nce. Indi�ridual Ba�ravver sha11 n�t Tra�sfer <br /> the Proper�y or a��part thereof ar a�.y�nter��t there�n ar perm�t�r s�ffer the Praper��ar any part <br /> ther�of�r any interest ther��n ta �� Transferred �ther tha.n as e�pressly permitted pu�suant t� the <br /> terms of the Loan Agr�ement. <br /> ARTI�LE 7 -RI�HTS AND REMEI�IES TJP�N I�EFA�JLT <br /> Section 7.1 Remed�e�. U�an the occurren�e anc� durin� the c�ntir�uan�e af <br /> any E�r�nt ��' I�efau�t, Ir�d�vidual Borro�rer agrees that Lender may ta�e such a�t�on, vvithout <br /> noti�e or demand, as it d��ms �.dvi�abl� tQ pr�t�ct an� �nfor�� �ts ri ghts again�t Ir�d�vidua.l <br /> Borrov�r�r and in and to t�e Propert�r, in�ludir�g, �ut not lim�ted to, the fo�la�v�r��actions, �a�h of <br /> which ma� b�pursued c�ncurrently or atherwise, at such time and 1r� such �rc�er as Lender may <br /> 13 <br />