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201208122 Securily Instrwnent. A written slatemen[ of any authorized agent of the Secretary dated subsequent ro 60 days from 1he dale hereof, declining to insure this Security Ins[rument and the Note, shall be deemed conclusive proof of such ineligibility. Nolwithslanding the foregoing, [his option may nol be exercised by Lender when the unavailability of insurance is solely due to Lender's faiWre to remit a mortgage insurance premium lo lhe Secrelary. 10. Reinstatement. Borrower has a right to be reinstated if Lender has required immediale payment in full because of Borrower's failure lo pay an amount due under the Note or this Security Instrument. This right applies eve� after foreclosure proceedings are insti[uted. To reinstale the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's accoun[ curre�t including, to the ex[en[ [hey are obligations of Borrower under this Security Instrument, foreclosure cos[s and reasonable and customary altorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstalement by Borrower, this Security Instrument and the obligations tha[ it secures shall remain in effect as if Lender had not required immediate payment in full. However, Lender is not required to permi[ reinstatement if: (i) Lender has accepted reinstatement after lhe commencement of foreclosure proceedings within lwo years immediately preceding the commencement of a curreut foredosure proceediug, (ii) reinstatement will preclude foreclosure on different grounds in the fu[ure, or (iii) reinstatement will adversely affect the priority ot the lien created by this Security Instrument. 11. Borrower Not I�leasad; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amorliza[ion of the sums secured by this Security Instrume�l gran[ed by Lender m any successor In interest of Borrower shall nut operate to release the liability of the original Borrower or Borrower's successor in interesL Lender shall not be required to commence proceedings against any successor in interest or refuse [o extend time for paymen[ or otherwise modify amortization of lhe sums secured 6y this Security Instrument by reason of any demand made by Ihe original Borrower or Boreower's successors in interesL Any forbearance by I.ender in exercising any right or remedy shall nol be a waiver of or preclude the exercise of any right or remedy. 12. Successors and p�ssigns Bound; Joint and Several Liability; Co�igners. The covenants and agreements of this Security Ins�rument shall 6ind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of paragraph 9(b). Borrower's covenants and agreemen[s shall be joint and severaL Any Boreower who co-signs this Security Instrumen[ 6ut does not execute the Note: (a) is co-signing this Secwrity Listrument only to morCgage, grant and couvey 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 lhis Security Instrument and (c) agrees that Lender and any olher Borrower may agree to extend, modify, forbear or make any accommodalions with regard to the terms of this Securi[y Instrument or the Note without t6at Borrower's consent. 13. Notic�. 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 no[ice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by firs[ class mail ro Lender's address stated herein or any address Lender designa[es by notice to Borrower. Any notice provided tbr in this Security Instrument shall be deemed to have heen given to Borrower or Lender when given as provided in this paragraph. 14. Govefning Law; S�Verability. This Security lnstrument shall be governed by Federal law and [he law of the jurisdiction in which the Properry is located. In lhe even� that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such con[licl shafl not affect other provisions of this Securiry Instrument or lhe No[e which can be given effec[wi[hout the conflicting provision. To this end the provisions of[his Security Instrument and the Note are declared [o be severable. OO1123168426 Citibank 32.61.12 V9 FHA Mottgage WI IH MERS-NE RevisM 4196 VMP y VMP4N(NE)(11D9).00 Wotters KWwer Fnancial Scrvices Page 6 of t0