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201204820 exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insutance premium to the Secretary. 10. Reinstatement.Borrower has a right to be reinstated if Lender has required immediate payment in full because of Bortower's failwe to pay an amount due under the Note or this Security Inslrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Secutity Instrument, Borrower shall tender in a lump sum all amounts required to bring Bonower's account current including, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this 5ecurity Inst:rument 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, (ii) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instnunent. 11. BorrowerNot Released;ForbearanceBy LenderNot 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 shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or othetvvise modify amortization of the swns secured by this Security InsM�ment by re,ason of any demand made by the original Borrower 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. Successorsand AssignsBound;Joint and Several Liability;Co-Signers.The covenants and agreements of this Secutity InsCrument shall bind and benefit the successors and assigns of Lender and Bonower, subject to the provisions of paragtaph 9(b). Bonower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Insirument 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 Instnunent; (b) is not personally obligated to pay the sums secured by this Security InsMtment; 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 Secutity Instrument or the Note without that Borrower's consent. 13. Notices. Any notice 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 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 Borrower. Any notice provided for in this Security Inshvment shall be deemed to have been given to Bonower or Lender when given as provided in this paragraph. 14. GoverningLaw; Severability.This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Properly is located. In the event that any provision or clause of this 5ecurity Inst�ument 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. Borfower's Copy. Bonower shall be given one conformed copy of the Note and of this Security Instrument. FHA Deed of TrusbNE �� VMP � VMP4R(NE) (1105).00 Wolters Kluwer Fnancial Servic� Page 8 ot 10