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201202087 exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. 10. Reinstatement. Borrower 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 Se,curity Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower sha11 tender in a lump sum all amounts required to bring Borrower's account current including, to the extent they aze obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the for�losure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligarions that it secures shall remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to pemut reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current for�losure praceeding, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (ui) reinstatement will adversely affect the priority of the lien created by this S�urity Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the rime of paymern or modification of amortizarion of the sums secured by this Security Instivment grauted by Lender to any successor in interest of Borrower shall not operate to release the liability of the originat Borrower or Borrower's successor in interest. Lender shall not be required to commence proc�dings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secur�l by this Security Instrument by reason of any demand made by the original Sorrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy s�hall not be a wxiver of or prealude the exercise of any right or remedy. 't2. Successors and Assigns Bound; Joint and Several liability; Co-Signers. The coveaants and agreements of this Security Instroment shall bind and benefit the successors and assigns of L,ender a� Borrower, subject W the provisions of pazagraph 9(b). Bonower's covenants anc� agreements shall be joint and �verat. Any Borrower 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 Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums s�ured by this Security Inst�ument; and (c) agrees that Lender and any other Barrower may agree to extend, mcsdify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 'i 3. Notices. Any notice to Borrower provided for in this Security Instrument shall he given by delivering it or by mailing it by first class ma.il unless applicable law requires use of another method. The norice shall be dir�ted to the Progeriy Address or any other address Borrower designates by notice to Lender. Any norice to Lender shall be given by first class mail to Lender's address statefl herein or any address Lender designates by norice to Borrower. Any norice provided for in tYus S�urity Instrument shall be de,emed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Goveming Law; Severability. This Security Insmiment sha11 be govemed by Federal law and the law of the jurisdiction in which the Property is located. In the event that 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 which can be given effect without the conflicting provision. To this end the provisions of this Security Insmiment and the Note are declazed to be severable. 15. Borrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security Instrument. FHA Deed of Trust-NE VMP p Wolters Kluwer Financ�al Services 4/98 VMP4R(NE) (79091 Page 6 of 10 a y� .