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�01205040 hereof, Lender may, at its option, require immediate payment in full of all sums secured by this Security Inshument. A written sta.tement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insura.nce 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 fa,ilure to pay an amount due under the Note or this Security Instntment. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Inshument, 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 a.nd expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security Insttument and the obligations that it secures shall rema,in 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 foreclosure on different grounds in the future, or (ui) reinstatement will adversely affect the priority of the lien created by this Security Inslrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Elctension of the time of payment or modification of amortizalion of the sums secured by tlus Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings aga.inst any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instntment by reason of any demand made by the origi.nal Borrower or Borrower's successors in interes� 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. Successors and Assigns Bound; Joint and Several Liability; Co-Signers. The covena.nts and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of Paragraph 9(B). Bonower's covenants and agreements shall be j oint and severaL Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Inslrument 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 secured by this Security Instrument; 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 Security Instrument or the Note without that Borrower's consent. 13. Notices. Any notice to Borrower provided for in this Security Inshument 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 sta.ted herein or any address Lender designates by nolice to Bonower. 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 paragaph. HCFG-00703 FHA Desd oiTrust-NE Revised 4/96 VMP� OV12 Wofteis Kluwer Financial Servicea 201206184.1.1.2336-J20720729Y Page 6 ot 10 1 8'