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20120�663 Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding tlte foregoing, this option may not be exercised by Lender when We unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. 10. Reinstatement. Bonower has a dght 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. 'This right applies even after foreclosure proceedings are instituted. To reinstate the Security InsUument, 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 Instrvm.ent, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclnsure proceeding. Upon reinstatement by Bonower, this Security Instrument and the obligaflons that it secures shall remain in effect as if Lender had not required immediate payment in fiill. 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, (i�l) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amordzation of the sums secured by this Se�urity Insrivment granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Bonower 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 amortizaHon of the sums secured by this Security Tnstrument 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 preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joffit and Several Liability; Co-Signers. The covenants and agreements of this Security Instrument shall bind and beneflt the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who casigns this SecurIty Inshvment but does not execttte 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 Instrumettt; (b) is ttot personally obligated to pay the sums secured by tbis Security Instrument; 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 natice 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 directed to the Progerty Address or any other address Borrower designates by noflce to Lender. Any notice to Lender shall be given by fitst class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. t�ny notice 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. Governiag Law; Severability. This Security shall be governed 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 Securlty 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 conflicting 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 Inshvment. 16. Hazazdous Substances. 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 violaflon of any Environmental Law. The preceding two sentences shall not agply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Properiy. Borrower shall prompfly give Lender written notice of any investigation, claim, demand, lawsuit or other action by azry governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmetttal Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that azry removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions �n accordance with Environmental Law. GCC - 9 690-5NE (06/11) Page 5 of 8 Initials: ��