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2Q1205311 Security Instrument. A writtan statement of any authorized agent of tha Secretary dated aubaequent to 60 days from the date her�� daclining to insure this Security Inslrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, tlus option may not be exercisefl by I.ender when the unavailability of insurance is solely due to Lender' s failure to remit a �rtgage insurance premium to the Secre�tary. 10. Ratnstatement. Borrower has a right to be reinstated if Lender has required im�diata payment in full because of Borrower' s failure to pay an amount dua under the Note or this Security Instnmdent. This right applies even after foreclosura proceedings are instituted. To reinstate the Security Insbn�ment, Boxrower shall tender in a lump aum all am�unta required to bring Borrower' s acxount current including, to tha extent they are obligations of Borrower under this Security Inshvment, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with tha faraclosure proceeding. Upon reivstatement by Boxrower, this Security Instrument and the obligations that it secures shall remain in effe�t as if Lender had not r�uired im�diate payment in full. However, Lender is not re�uired to germit reinstatement if (i) I.ender has accepted reinstatement after the commencement of foreclosure proceadings within two years immediately preceding the of a current foreclosure proc.�ding, (ii) reinstatement will preclude for�losure on different grounds in the firivre, or (iii) reivstatement will adversely affect the priority of the lien areated by this Security Instr�nent. 11. Borrower Not R�aleased; Forbearance B�/ Lander Not a Waiver. Extension of the tima of payment or modification of amorti�tion of the sums s�ured by this Security Instru�ment granted by Lender to any succe.ssor in interest of Borrower shall not operata to release the liability of tha original Borrower or Borrower' s successor in interest. Lender shall not be required to commence proceedings against any successor in int�est ar rafusa to extend time for payment or othervvise �odify aa�ortization of the sums sec�ued by this Sacurity Instrument by reason of aay demand made by the original Bonower or Borrower' s su�rs in i�eresk Any forbesrance by Lender in exercising any right or remedy aha11 not be a waiver of or preclude the exercise of any right or remedy. 12. Succ�ssors and Assigr� Bound; Jotrrt and Several Lfability; Co-Slgners. The covenants and agre�nts of this Se,c�nity Inshr�ment shall bind aad benefit the successors and assigns of Lender and Borrower, subject to the proviaiona of paragraph 9(b). Borrower's covenants and agreements svall be joint and several. Any Borrowar who co-sigr►s this Security Instrument but d�s not execute the Note: (a) is co-signing this Se�curity Inah u�nt only to �urtgage, � and convey that Borrower' s interest in the Properiy under the terms of this Security Insbn�ment; (b) is not peraonally obligated to pay the sums se�ur� by this Security Instrument; and (c) agrees that Lender and any other Bonower may � to ext�d, modify, forbear or make sny acco�ons with regard to the terms of this Security Inatrument or the Note without that Borrower's consent. 13. Notices. Any notice to Borrower provided far in this Sec�mty Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of anothe� method The notice shall be dire,cted to the Property Address or any other address Bonower designates by notice to Lender. Any notice to Lender aha11 be given by first class mail to Lmder's addre.vs stated herein or any address Lende� designates by notice to Bonower. Any notice provided for in this S�ity Instrument shall be d� to have been given to Borrower or Lender when givan as provided in thia paragraph 14. C�vemtng Law; Saverabilily. This Security Inshvment svall be govern� by Feiderallaw and the law of the jurisdiction in wluch the Properiy is located. In the event that any provision or clause of this S�urity Inshvment or the Note conflicts with applicable la.w, such contlict shall not affect other provisions of thia Security Instrument or tha Note wluch can be given effect without the conflicting provision. To this end the provisions of tlus Se�►nity Instmm�ent and the Note are declazed to be severable. ZZpp2727�8 D V4NNE FHA Mortgage WITH MERS-NE Revised 4I98 Ame�ed 7/04 yMp � VMP4N�NE) (1106) Woiters K�w� F6im�del Servi�ea Pe�e 6 of 10 .j L.�i.j /�yyy,