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20100793� <br />Aa e 1 af S Initials � <br />g � <br />/U•y-/d <br />�3orrowcr covenants that Borrower is lawCully suired oi" the estate hereby <br />canveyed and has the right to grant and convey lhe 1'rc�perty, �nd that the Property is <br />uneneumb�red, except for encumbrances of reeorcl. Borrower ccavenants that Borrower <br />warrants and will deiend generally the title to the Prc�perty a�;ainst all claims and <br />demands, subject ta encumbrances of record. <br />Borrvwer and Lender covenants agree as follows: <br />UNIFQRM COVENANTS, <br />1. Payment of Principal. Borrower shall pay when due thc principal of the debt <br />evidenced by the Note. <br />2. Borrower Not Released; Forbearance By l,ender Not a Waiver. F,xtension <br />of the time of payment of the surns secured by this Sccurity I��strumcni granted by Lender <br />to any successar in interest af f3orrower shall nc�t c�perate tn release the liability of the <br />original I3orrower or Borravver's successc�r in intcrest. I,ender shall noi be required to <br />commence prc�ceedings against any successar in interest nr retuse to exiend time far <br />payrnent c�r otherwisc modify amortizatian c�t� thc s�ims secured by ihis Security <br />Tnstrumeni by reasan af' any demand made by ihe c�ri�;i►�al �3orrower or F3orrower's <br />successors in interest. Any farb�arance by Lender in �xercisin�; any right or remedy shall <br />not be a waiver of ��r preclud� the exercise of any ri�hi c�r rcmedy. <br />3. Successurs and Assigns Bound; JUint and 5everal l.iability; co-signers. <br />The covenants and agreements of this Security lnstrument shall bind and benefit the <br />successors and assigns of Lender and Barrc�w�r. }3orrower's covenants and agreements <br />shall be joint and several. Any I�orrowcr who caµsi�ns thi5 Sccurity lnstrument but does <br />not execute ihe Note: (a) is ca�signing this Security Instrument only to martg;age, grant <br />and convey that Borrower's interest in the Praperiy under thc terms of this Security <br />Instrument; (b) is not personally abli�;ated to pay the sums secured by this Security <br />Instrument; and (c) agrees thai Lender an any other I3orrower may a�ree to extend, <br />modify, lorbear c�r make any accommodatians with re�,ard to the term o(' this Security <br />Instrumcnt or the Note without that Borrower's conseni. <br />4. Notices. Any notice to Barr�wer provided l��r in lhi5 Security Instrument shall <br />be given by delivering it by mailing it by first class mail unless applicable law requires <br />use of another method. Th� notice shall be directed tc� thc Property �lddress or any other <br />address Borrower designates by naticc to I.,ender. �1ny nc>ticc to [,ender shall b� �iven by <br />first class mail to: <br />YJ.S. I)epartmenl u1' IIUll <br />C/O C&L Serviee Corporation/Morris (,riTfin C,urpuration <br />2488 �;. $lst 4t., Sic. 700 <br />Tulsa, OK 74137 <br />or any address l,ender designates by notice to f3c�rror�cr. nny notice prc�vided :For in <br />this Security Instrument shall be d�emed to have be�n given to k3orr��wer or I,ender when <br />given as provided in this paragraph. <br />S. Coverning Law; Severability. This Security Instrumcnt shall be governed by <br />Federal law and thc law of the jurisdiction in which the f'roperty is located. In the event <br />