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201109515 paid. 'Tivs Security Instrument do� not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. (e) Mortgage Not Ins�ed. Borrower agrees that if this Security Instrument and the Note are not determined to be eligible for insurance under the National Housing Act within 6 0 DAYS from the date hereof, Lender may, at its option, requite immediate paymecn in full of all s�s secwed by this Security Instrument. A written statement of any suthorized agent of the Secretary dated subsequent to 6 0 DAYS from the date hereo� declining to insure this Security Instrument a� the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, tlus op6on may not be erzercisedby Lender when the unavailability of insivance is solely due to Lender' s failure to remit 8 IISOif�B. incimanCE F1['CII]1llLII 1A 1110 $8CI8�ST}'. 10. Reinstatement Borrower has a right to be reinstated if Lender has required immediate payment in full because of Bonower's failwe w pay an amount due under the Note or tUis Security Instrumen� Tlvs right applies even after foreclos�ue proceedings aze instituted. To reinstate the Security Instrumen; Borrower shall tender in a l�m►p sum all amounts required to bring Boaower's account ciurent including, to the extent they are obligations of Borrower under Uris Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Bonower, this Secutity Instrument and the obligations that it sec�ues shall remain in effect as if Lender had not required immediate payment in full. Howevet, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclostue proceedings within two yeazs immediately preceding the commencement of a current forecloswe proceeding, (ii) reinstatement will preclude foreclosure on different groimds in the fimire, or (iii) reinstatement will adversely affect the ptiority of the lien cteated by this Security Instrument 11. Borrower Not Released; Forbearance by Lender Not a Waiver. Extension of the time of payment or modification of amor6�tion of the sums secured by this Security Instrument granted by Lendet to any successor in intetest of Borrower shall not operate to release the liability of the original Borrower or Bonower's successors in inter�t. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amorti7arion of the s�s seciured by this Secucity Instrument by reason of azry demand made by the original Bonower or Borrowet' s successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver af or preclude the exercise of any right or remedy. 12. Saccasors and Assigns Bonnd; Joint and Several Liability; Co-Signers. The covenants and agreements of this Security in�►*�n*+�t shall bind and benefit the succeasors and assigns of Lender and Borrower, subject to the provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and sevetal. Any Boirower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Bonower' s interest in the Properry under the terms of this Security Insh�ument; (b) is not personally obli�ated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make azry accommodations with regard to the terms of this Security Inshvment or the Note without that Borrower's consent. 13. Notices. Any notice to Borrower provided for in this Sec�sity Insttument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by Srst class mail to Lender' s address stated herein or any address Lender designates by notice to Bonower. Any notice provided for in this Security Instrumeat shall be deemed to have been given to Bonower or Lender when given as provided in this paragraph.. 14. Governing Iaw; Severabflity. This Security Instrument shall be governed by federal law and the law of the jurisdiction in wlrich the Property is located In the event t6at any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note wlrich can be given effect without the conflicting provision. To this end the provisions of Uvs Security Instnmment and the Note are declazed to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Inslrument 16. Hazardons Snbstances. Borrower shall not cause or permit the presence, use, disposal, storage, or release af any Ha�ardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, ar storage on the Property of small quanfities of Ha�ardous Substances thai are generally recognized to be appropriate to normal residential uses.and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or othet action by any governmental or regulatory agency or private party involving the Property and any Ha�rdous Substance or Environmental Law of wlrich Borrower has actual imowledge. ff Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Ha�ardous Substances affecting the Property is n�ssary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in Uvs pazagraph 16, "Ha7ardous Snbstances" aze those substances defined as toacic or ha�ardous substances by Enyironmental Law and the following substances: gasoline, kerosene, other flammable or toacic petrole� products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Enviro�ental L.aw" means federal laws and laws of the jurisdiction where the Property is located that relate ta health, safety or environmental protection FliA N�RASKA D� OF TRUST - MERS p�dNeg►e � NmOTZ.FHA 05/23/11 Page 4 of 7 www,dcrn�aglc.mm �I�I�I I�I I�I I� II� I I� I�� I I IIIIU II�I� I�