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2 0120545� 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 L.ender 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 proceedings are instituted. To reinstate the Security Instrument, Bortower shall tender in a lump sum all amounts required to bring Bonower's account current including, to the extent they aze obligarions of Bonower under this Security Instrument, foreclosure costs and reasonable and customazy attomeys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Bonower, this Security Instrument and the obligations that it s�ures sha11 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 pr�lude foreclosure on different grounds in the future, or (ui) reinstatement will adversely affect the priority of the lien creat� by this Security Instrument. 11. 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 Instrument granted by �.ender to any successor in interest of Bonower s1�aU not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence praceedings against any successor in interest or refuse to extend time for payment or othervvise modify amortization of the sums secured by this Se,curity Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbeazance by I.ender in exercising any right or remedy shall not be a waiver of or preclude ttie exercise of any right or remedy. 12. Successors and Assigns Bound; .loint and Several Lialsility; Co-Signers. The covenants and agreements of this Security Instrument shall bind and henefit the successors and assigns of Lender and Bonower, subject to the provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrunient 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 Se�urity Instroment; (b) is not gersonally obligate�i to pay the sums secured by this Security Inscrument; 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 Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The norice shall be dir�ted to the Property Address or any other address Bonower designates by notice to L.ender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates by norice to Borrower. Any norice provided for in this Security Instivment shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Security 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 Instnunent 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 S�urity Instrument and the Note are declazed to be severable. 15. Borrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security Instrument. FHA Deed of Trust-NE VMP � Wolters Kluwer Financlal Services 4/96 VMP4R(NE) (1109) Page 6 of 10