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201208107 Securiry InstnimenL A written statemcnt of any xuthorized agent of the Secretary dated subsequent to 60 days from the date hereof,declining to insure this Security Instrument and the Note, shall bc deemed conclusive proof of such incligibility.Nohvithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely due ro Lender's failure to remit a mortgage insnrance premium to the Secretary. 10. Reinstatement.Boaower has a right to be reinstated if Lender has reyuircd immediate payment in full because of Borrower's failure to pay an amount due undcr the Notc or this Security Instrument. This right applies even after foreclosure procccdings are instituted.To reinstate the Security Instrumeut, Borrowcr shall tender i�a lump sum all amounts reqaired to bring Borrowei s account current includi�g,to the exteut they are obliga[ions of Borrower under this Security Instrument, foreclosurc costs and reasonable and cusWmary attorneys' fees and expenses properly associatcd with the foreclosure proceeding. Upou reinstatcment by Borrower,this SecuriTy Instrument and[he obligations that it secutes shall remaiu in effcct as if Lender had not required immediate payment in fiill. However,Lender is not requircd to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosnre proceedings within two years immediately preceding the commcncement of a current foreclosure proceeding, (ii)reinstatcment will preclade foreclosare on different grounds in the fuNre, or(iii)reinstatcmeut will advcrsely affect the priority of the lien c�eated by this Securiry lnstrument. 11. BorrowerNot Released;ForbearanceBy LenderNot a Waiver. Extcnsion of the time of payment or modification of amortization of the sums sccured by this Secarity Instrument granted by Lender to any successor in interest of Bonower shall no[operate to release the liability of thc original Borrower or Borrower's successor in interest. Leuder shall not be rcquired to commencc proceedings against any succcssor in interest or refuse to extend time for payment or otherwise modify amorfization of thc sums secured by this Security I�stniment by reason of any demand made by the original Borrowcr or Borrower's successors in interest. Any forbearance by Lender in exercising a�y right or remedy shall not be a waiver of or prcclude thc exercisc of any right or rcmedy. 12. Successorsand AssignsBound;Joint and Several Liability;Co-Signers.The covenantsand agreements of this Security Instrument shall bind and benefit the successors and assigns of Lcnder and Sorrower, subject to the provisions of paragraph 9(b). Borro�ver's covcnants and a�,Rccments shall be joint aud several. Any Rorrower who co-signs this Securiry Instrument but does not exewte the Note: (a) is co-signing this Sccurity lnstrumcnt 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 thc sums secured by this Security Instrument; and (c)agrees thxt Lender and any other Borrower may agree to extend, modify, forbeaz 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 Instrumcnt shall be given by delivering it or by mailiug it by first class mail unless applicablc law requires use of anot6er method. The notice shall bc directed to the Froperty Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lendei s address stated herein or any address Lcuder designates by noticc to Borrower. Any notice provided for in this Sccurity Instrument shall be deemed to have becn given to Boaower or Lcndex when given as provided in this pazagraph. 14. GoverningLaw; Severability.This Security Instrument shalt be governed by Federsl law and thc law of the jurisdiction in which the Property is bcated. In the event that auy provision or clause of this Security Insuument or the Notc contlicts with applicable law, such contlict shall not affect other provisions of this Securiry Instrument or the Note�vhich can be given effect without the conflicting provision. To this cnd the provisions of this Security Instnimeut and the Note are declarcd to be scverable. W M�rs K9uvreer Fin nc6E Serv ces III IIIII'lll III IIII II II I I I III�II I I II III I I I II I I III VMP4N(NP g�e 6 of�10 q03309003832 0233 373 0610