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201201528 Security Instrumcnt.A written statemeni of any authorized agent of the Secretary dated su6sequent to 60 days from the dale hereof,declining to insure this Securit;�Instrument and the Note, shall he dccmcd conclusive proof of such ineligibility.Notwithstanding[he foregoing,this option may not be exercised by Lender when the unavailaUility of insurance is s�olely due to Lender's failure to reiuit a mortgagc insurance premium to the Secrecary. 10. Reinstatement.Borrower has a right to be reinstated if Lender has reqaired immediate payment in full becausc of Sorro�ver's faalure to pay an amnunt due under the�ote or this Security lnst�vment. l'his ri�ht applies even after foreclosure prnceedings are instituted.To reinstate thc Security Insh-umcnt,Borro��,�cr shall tender in a lump sum all amounts required to bring Tiorrower's acrount current inciuding,to the exten[they are obligations of Borrox er under this Securiry Instrument,foreclosure costs and i-easonable and customary attorncys' fees and expenses properly associated with the foreclosure proceeding.Llpon reiustatement by Borrotiver,this Sccurity Instrument and the obligations that it secures shall remain in effect as i f Lender had not required immediale payment in fulL However,Lender is not required tn permit reinstatement if:(i) Lendcr has accepted reii�statement after Yhe commencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosurc proceeding,(ii)reinstatement wil( preclude foreclosure on different��ounds in the future,or(iii)reinstatemenl will adversely dLfecL the priority of tile lien created by this Sccurity[nstrument. 11. �orrower iVot Released; Forbe�s'�nCe B�/Ler�der Not a Waiver.Extension of the time of payment or modification of amortization of the sums secured by this Securit}'Instrument granted by i.ender to any successor in interest olBorrower shall not operate tn release the liability of the original Borro�ver or Borrotivcr's successor in interest.Lender shall not be required to commence��roceedings against any successor in intcres[or refiise to extend time for payment or otherwise modify amortization of[he suins sccured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successurs in interest.Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise vf any right or remedy. 12. Successors and,4ssig�ros Bound;Joint and SeveeaB Liabili4y; Co-Signers.The covenants and agrccments ot this Securi[y Instrument sliall bind and benefit the successors and assigns of Lender and Borruwer,subject to the pro��isions oFparagraph 9(b).Bon�ower's covenants and agreements shal]bejoint and several.Any Borrower whn co-signs this Security Instrumcnt but does not execute the Note:(a)is co-signing this SecuriCy Pnstruuient only to mortga;e,�rant and convey ihat Borrower's inCeresC in the Property under the terms oF this Security lustrumcnt;(b)is not personally obligated to pay the sums secured by this Security Tnstrument;and(c)agrees that Lender and any ulher Borrower may a�n-ee to exlend,modify, forbear or make any accomrnodations with rcgard to the terms of this Security Instrument or the Note without that Borrower's consent. 13. Notices..Any notice to Borrowcr providcd Por in this Security[nstrument shall be given by delivering it or by mailing it by first class mail unless applicable tnw 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 i:ender shall be given by first class mail lo Lender's address stated herein or any address Lender designatcs by notice to Borruwer. Any notice provided for in this Security Tnstrument shall be deemed to have been givcn to Borro��rer or Lender when given as provided in this paragraph. 94. Governing Law;Seveeeblllty.This Security Instrument shall be governed by Federal law and the law of the jurisdiction in a�hich the Property is located.In the event that any provision or clause of this Security Instrument or thc Note conflicts with applicable law,such conflict shall not affect other provisions of this Security lnstrument or thc Notc;which can be�iven effect without the conflicting provision.To this end the provisions of this Secw�ity lnstrument and lhe Note are declared to be severable. za�vissaa�� iaoaae�000�isiaiez s�co FH/h7ortgagz VJITH Mt4?5-NE RevisEd 4/96 VMP,yy` VMP4N(NE](1 t 09) Woltefs Kluw6r Fnanclal Services paqe 6�of 10