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2012073Gti exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretarx. 10. Reinstatement. Bonower has a right to be reinstated if Lender 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 for�losure proc.eedings aze 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 obligarions of Bonower under this Security Instrument, foreclosure costs and reasonable 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 rema.in in effect as if Lender had not required immediate pa}tment in full. However, Lender is not required to permit reinstaternent if: (i) Lender has accepted reinstatement after the commencement of foreclosure proc.eedings within two years immediately preceding the commencement of a current foreclosure pro�eding, (ii) 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 Instrument. 11. Borrower Not Released; Forbearance �y Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Security Instr�ment graate,ci by Lencter to any successor in interest of Bonower sha11 not operate to release the liability c�f the originat Borrovv� or Borrower's successor in interest. Lender shall not be required to coma�ence prc�ceedings against any successor in interest or refu� to extend time for payment or otherwise modify am�rtization of the s�s secured by this Security Instrument by reason of any demand made by tfie original Borrower or Borrow+er's successors in interest. Any forhearance by Lender in exercising any right or remedy sha1l uot be a waiver of or pre,clude the exercise of ang right or remedy. 12. Successors and tlssigns Bound; Joint and Several LiabHity; Co-Signers. The covenants and agreements of this �ecurity Instrument shall bind and benefit the su�rs and assigns of.Lender and Borrower, subject to the pmvisions of paragraph 9(b). Borrower's coveaants and agreements sbatl be Jaiat and several. Any Borrower who co-signs this Security Instrument but c�Oes 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 Security Instrument; (b) is not personally obIigated to pay the sums securefl by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, madify, 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 S�urity Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of anoti�er method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any norice 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 notice provided for in this Secutity Instnunent shall be deemed to have been given to Bonower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This 5ecurity Instrument shall he govemed by Federal law and the law of the jurisdiction in which the Properiy is located. In the event that any provision or clause of this Security Instnwzent 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 Securiry Instrument and the Note aze declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. FHA Deed of Trust-NE 4/98 VMP � VMP4R(NE) (1109) Wolters Kluwer Financial Services Page 8 of 10