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�� 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 Bonower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after foreclosure proc,eedings aze institutefl. To reinstate the Security Insmiment, Bonower shall tender in a lump sum all amounts required to bring Bonower's account current including, to the extent they aze obligations of Bonower under this Security Instrument, foreclosure costs and reasonable and customary attomeys' fees and expenses properly associated with the for�losure proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it s�ures shall remain in effect as if Lender had not required immediate payment in full. However, I.ender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the comtnencement of foreclosure proceedings within two years immediately preceding the commencement of a current fore,closure proceeding, (ii) reinstatement will preclude for�losure on different grounds in the firture, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 1'i . Bc�rrower Not Released; Forbesrance By E�snder Not a Mfaiver. Extension of the rime of payment or modificarian of axnortization of the sums secured by this 5ecurity �nstrL**►�e►T+ grante� by T,ender to aay successor in interest of Bonower shall not operate to release the 2iabiTity of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwis� modify aznortization of the s�ms securecfi by this S�urity Instrument by reason of any demand made b�r the originat Borrower or Borrower's successars in interest. Any forbearance by Lender in exercising aay right ar remedy sha1l not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Severai Liability; Co-Segners. The cx�venants and agreements of this Security Instrument shall bind and benefit the successars and assigns of Lender �ci Borrower, subject to the provisions of paragraph 9(b). Borrower's cove�ts and agreements sha11 be joint and several. Any Borrower who co-signs tlus Security Instrument but does not ex�ute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borro�ter's interest in the Property under the terms of this Security Instrument; (b) is not personalIy obligated to pay the sums se,cured by tius Security Instrument; and (c) ag�ree�s that Lender an� any other Borrower ma.y agree to extend, modify, forbeaz ar make a�y accommodations with regard to the terms of this Security Instr�mern or the Note without ttiat Borrower's consent. 73. Notices. Any IIotice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of auother method. The notice shall be directed to the Property Address or any other address Bonower designates by norice to Lender. Any notice to Lender shall be given by first class ma.il to Lender's address stated herein or any address Lencter designates by notice to Bonower. Any norice provided for in this Security Instivment shall be deemert to have b�n given to Bonower or Lender when given as provided in this pazagraph. 14. Governing Law; Severability. This Security Instnunent shall he governed by Federal law and the law of the jurisdicrion 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 declared 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 VMP � Wolters Kluwer Financial Services 4/96 VMP4RWE) �1109) Page 6 of 10 i ; � � � � P d ,