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201208059 Security Instrument,A written statement of any authorized agent of the Secretary dated subseyuent to 60 days from the date hereof, declining to inswe this Secwity Instrument and the Note,shall be deemed conclusive proof of such ineligibiliTy.Notwithstandiug the foregoing,this option may not be exercised by I,ender when the unavailability of inswance is solely due to Lender's failure to remit a mortgage insurance premium to the Secretary. 10. ReinStatement.Borrower has a right to be reinstated if Lender has required immediate payment in full because of Bonower's failwe to pay an amoun[due under the Note or this Security I¢strument. This right applies even after foreclosure proceedings ate instituted. To reiastate the SecuriTy Iostrument,Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including,to the extent they are obligations of Boaower under this Security Instaument, foreclosure costs and reasonable and customary attomeys'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 requued immediate payment in fulL However,Lender is not required to permit reinstatement if. (i) Lender has accepted reinstatement after the commencemeut of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding (ii)reinstatement will preclude foreclosure on different gounds in the future,or(iii)reinstatement will adversely affect the priority of the lien created by this Securiry Instrument 11. BorrowerNot Released;ForbearanceBy LenderNot a Waiver.Extension of the time of payment or modification of amortization of the sums secured by this Secwity Inshument ganted 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 paymeut or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Bonower 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. Successorsand AssignsBound;Joint and Severai Liability;Co-Signers.The covenants and ageements of this Security Instrument shall bind and benefit the successors and assigus of Lender and Borrower, subject to the provisions oFparagaph 9(b).Bonower's covenants and ageements shall be joint and several.Any Bonower who co-signs this Security Instrument 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 Security Instrvment; (b) is uot personally obligated to pay the sums secwed by this Security Iastrument;and(c)agrees that Lender and any other Borrower may agree to extend,modify, forbear or make any accoaunodations with regard to the terms of this Security Instrument or the Note without that Sorrower's consent. 13. Notices.Any notice to Borrower provided for in this Security Inshvment 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 duected to the PropeRy Address or any other address Bo:rower 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 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. GoverningLaw; Severability.This Security Instrument shall be govemed by Federal law and the law of the jurisdiction in which the ProQerty is located.In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Secwity 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. FNA Mw�eqe WITH MERS-NE Revisetl 4J98 Wo��KluwerFinancial5ervices IIIII'I�IIII IIIIII�IIIIIII I IIIIII VMP4N(N�91e89�0 q03309004900 0233 373 0610 �� �.�