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�V�� hereof, Lender may, at its option, require immediate payment in full of all sums secured by this Security Insirument. A written statement of any authorized agent of the Secreta.ry dated subsequent to 60 days from the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the una.vailability of insurance is solely due to Lender's failure to remit a mortgage ins�uance premium to the Secretary. 10. Reinstatement. Bonower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account cunent including, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attomeys' fees and �penses properly associated with the foreclosure proceeding. Upon reinsta.tement by Borrower, this Security Insirument and the obligations that it secures sha11 remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinsta.tement will adversely affect the priority of the lien created by this Security Instrument, 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured•by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Bonower's successor in interest. Lender sha11 not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortiza.tion of the sums secured by this Security Instrument by reason of airy demand made by the original Bonower or Borrower's successors in interest Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Co-Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors a.nd assigns of Lender and Borrower, subject to the provisions of Paragraph 9(B). Borrower's covenants and agreements shall be j oint and several. Any Bonower who co-signs this Security Insttument but does not �ecute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated 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 any accommodations with regard to the terms of this Securiiy Instrument or the Note without that Borrower's consent. 13. N otices. Any notice to Borrower provided for in this 5ecurity Instrument sha11 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 first class mail to Lender's address stated herein or any address Lender designates by notice to Bonower. Any notice provided for in this Security Instrument sha11 be deemed to have been given to Bonower or Lender when given as provided in this paragraph HCFG-00703 FHA Deed of Truat-NE VMP� Woltera Kluwer Finenciel Serofces 201112134.0.0.0.4002-J20110824Y Reviaed 4198 OM11 Pege 6 of 70 1