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201206728 Security Instrument. A written statement of any authorized agent of t6e Secretary dated subsequent to 60 days from the date hereof,declining to insure this Secwiry Instrument and the Note, shall be deemed conclusive proof of 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 mor[gage insurance premium to the Secretary. 10. Reinstatement.Borrowet has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. Tktis right applies even after foreclosure proceedings are instituted. To reinstate the 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 Bocrower under this Security Instrument,foreclosure costs and reasonabie and customary attorneys'fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower,this Security Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full. However,Leuder is not required to permit reinstatement iE (i) Lender 6as accepted reiastatement after the commencement of foreclosure proceedings within two yeazs immediately preceding the commencement of a current forecbswe proceeding, (ii)reinstatement will preclude foreclosure on different grounds in the future,or(iii)reiastatemeut will adversely affect the priority of the lien created by this Security Instrument. 11. BorrowerNot Released;ForbearaneeBy 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 Boaowcr shall not operate to release the liability oFthe original Bonower or Borrower's successor in interest.Lender shall not be requued to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason 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 preciude the exercise of any right or remedy. 12. Successorsand AssignsBound;Joint and Several Liability;Co-Signers.The covenants and agreements of this Security Instrument shall bind and benefit 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 Instrument but does not execute the Note: (a)is co-signing this Securiry Instrument 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 Inshument; and(c)a�ees 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 Bonower's consent. 13. Notiees.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 d'uected to the Property Address or any other address Boaower designates by notice to Lender. Any notice to Lender shall be given by fust class mail to Lender's address stated herein or any address Lender designates by notice to Borrower.Any notice provided for in tkus Securiry Instnunent shall be deemed to have been given to Borrower or Lender when given as provided in tlus pazagraph. 14. GoverningLaw; 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 Instrument or the Note conflicts with applicable law, such co�flict shall not affect other provisioas 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 aze declared to be severable. FHAMo�gageWITHMERS-NE � ( �/ �CJ Revisetl4/98Amended7/04 VMP a VMP4N(NE)p10�.00 Wollers Kluwer Financiel Services Page 8 of 10 III IIIIIIIII III III��)I III IIIIIII I IIIIII II IIIII III q03309009325 0233 329 0610