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�012Q25�� 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. Bonower has a right to be reinstated if Lender has required immediate payment in full b�ause of Bonower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after fore,closure proceedings aze instituted. To reinstate the S�urity Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations of Bonower under this Se,curity Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Bonower, this Security Instrument and the obligations that it secures shall 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, (u) reinstatement will preclude for�losure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 1't. 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 Instniment granted by Lender to any succ�sor 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 requirect to cQ�ence procee�ings against any successor in interest or refuse to extend time for payment or othervaise modify amorti7ation of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or Borrower's successors in interest. Any forbeazance by Lender in e�ercisiteg any right or remedy s�sall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assig�s Bound; Joint and Several Liability; Co-Signers. The cav�ants and agreements of this Security Instrument shall bind and benefit the successors and assigns af �.ender anc� Borrower, subje.ct to the Provisions of paragraph 9(b). �orrower's covenants and agreeanents shalt be joirit and severat. Any Borrower who co-signs ttus Security Instrument but does nvt exe.cute the Note: (a) is co-signing this S�curity �nstrn*n�*+t only to mortgage, grant and convey that Borrower's urterest in the Properry under the terms of this Security InstYVment; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agre,es tt�at Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security in�tn� w**►�*+* or the Note without that Borrower's consent. 13. Motices. Any notice to Borrower pmvided for in ttris Security Instrument sha1l be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The natice 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 L,ender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Se,curity Instrument shall 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 Instrument 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 Instrument. FHA Deed of Trust-NE 4l96 VMP � VMP4R�NE) (1109) Wolters Kluwer Financial Services Page 6 of 10