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��1�Q596` Lona �� aQii2o96osa Security Instrument and the Note, shall be deemed conclusive proof af such ineligibility. Norivithstanding 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 insurance premium to the Secretary. 10. Relnatetement Borrower has a right to be reinstated 'rf Lender has required immediate payment in iull because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This �ightapplies even afterforeclosure proceedings are instituted. To reinstatethe Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attomeys' fees and expenses properiy associated with the foreclosure proceeding. Upon reinstatement by Borrower, this Security InsVument and the obligetions that ft secures shall remain in effect as'rf Lender had not required immediate payment in iull. However, Lender is not required to permit relnstatement ff: (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 tuture, or (fii) reinstatement will adversely aifect the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearence By Lender Not a Walver. Extension of the time of payment or modFfication of amortization of the sums secured by this Securityi 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 against any successor in interest or refuse to extend time for payment or othervvise modify amortization ofthe sums secured bythis Security Instrumentby reason ofany demand made bythe original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a weiver of or preclude the exercise of any right or remedy. 12. Successors and Asslgns Bound; Jolnt end Severel Liabllliy; Co-Slgners. The covenants and agreements ofthis Security+lnstrument shall bind and benefitthe successors and assigns of Lender and Borrower, subjecttothe provisions of paragraph 9(b). BoROwer's covenants and agreements shall bejoint and several. Any Borrowerwho co-signs this Security Instrument but does notexecutethe Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Properly under the terms of this Security Instrument; (b) ls not personally obligated to pay the sums secured by this Securfty Instrument; and {c� agrees that L.ender and any other Borrower may agree to extend, mod'rfy, forbear or make any accommodations with regard to the terms of thfs Security Instrument or the Note without that Borrower's consent. 13. NoUces. Any notice to Borrower provided tor in this Security Instrument shall be given by delivering ft or by mailing it by first class mail unless applicable law requires use ot 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 noUce provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Goveming Lew; Severabllity. This Security Instrument shall be govemed by Federal law and the law of the jurisdiction in which the Property is Iocated. In the event that any provision or clause of this Securiiy 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 conflictlng 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. 16. Hezardous Substences. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violstion of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities ot Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuft or other action by any governmental or regulatory sgency or private party involving the Property and any Hazardous Substance or Environmental L.aw of which Borrower has actual knowledge. If Borrower leams, or is notified by any govemmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" are those substances deflned as toxic or hazardous substances by Environmental Law and thefollowing substances: gasoline, kerosene, other flammable or toxic petroleum products, to�ac pesticides end herbicides, volatile solvents, materials contalning esbestos or fortnaldehyde, and radioective materials. As used in this paragraph 16, FHA Nebreeke Deed of Truet-4/98 Iaitiala t V"` Onl'me Documenm, Inc. Pege 5 Of 7 NEEFHADE 1108