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201208501 exerc�sed by Lende:-�a�hen tl}e unavaiVaUility of insurance is solely due to Lender's failure to reinit a n�ortCa�e insurance premium to U�e Secretary. 'FQ_ Reenstatement.Borrower has a right to be refi�stated if�.ender I�as reRuu•ed �mmediate payment in full because of Borrower's faifure to pay an aniount due undez the iVote or this Secur�ty Instr�nnent.This ri�ht applies even after foreclosure Uroceedin�s are instituted.Tc�re�nstate tlre Security lnstr-ument, Borrower snalE tender rn a lump smn al] amounts required to bring Borrower's accaunt current �nciuding,ta the extent they are obligaeions of Bo37•ower under th�s 5ecur�ty Instrument,foreclosure costs and reasonaUle and customary attorneys' fees and expenses properly asse.ciated �vith the foreclosure�roceeding.Upon re�nstaten�ent Uy Borr•o��er,this SecuT-�ty It�strument and the oUiigatio»s that it secures shali remarn �ri effect as if Lender had not required »ninediate paytnent iYi f'ull_ Howeve;-_ Lender is not required to pennit reinstatement if: (i} Le��der has accepted re�nstatement after the commenCement of f'oreclosGre proCeedings with9n two years immediately Ureceding the commencement of a cur�rent foreclosure proceadi��, (ii)reinstateinent will pF-eclude Foreclosure on different grounds �n elle fi�ture, or(iii) reinstatefnent �vill advei•sely ai'tect the p»ority of the iien created by this Security InsCrume��t. 11. Borrower�Eot Released;ForbearanceBy LenderNot a Waiver. Extens9on of the ti�ne of payment or r7�odi�cat�on of amortization of tl�e sums secured i�y this Sectirity tnstrument granted by :ender to any successor in �nterest of Bon•o��er shall not operate to release the liability of the original Bprrow�er or- Borrower's successor �n interest. Lender shall not Ue req�nred to cortnmence uroceedings aga�nst any successor in interest or refuse to extenci tFme for payment or otherwise modify amortization of the s�nris secw-ed by this Secur�ty ]nstrument Uy reason of any demand made by the origlnal Qorrower or Borro�i•er's successors in interest. Any fnrbearance hy Lender in exerc�sin�any right or remedy shall not be a waiver of ar pre�lude the exercise of any right or rernedy. 12. Successorsand Assigns8ound;Joint and Severa!Liability;Ca-Signers.Tl�e covenants and aereements of this Sccurity lnstr�nrrent shall t�ind and benef7t the successors and assigns of Lender and Sorrower.suUject to the orovis�ons of paragraph 9(U). Borrower's cove3�ants and agreernents shaEl be joint and several. Any Borrow•er tvho co-sions this Security Instrurnent but does not execute the Note: (a) is co-s�gning Ct�Ss Security Instrun�ent only to mortga�e_ �rant and convey that Borrow�er's interest in the Pr-operty under the tenrs of this Secw-ity lnstrument;(l�j is not personally obligated to nay the sums secured by this Security Instrument;and(c) agrees that Lender anq any other Sorrow�er�nay a5ree to extend,modify, forbear or make any accommodatfons�+�ith regard to.the tenris of th�s Security Instrument or the T��ote without ehat Borrower's consent. . 13. htotiees.An}�not�ce to Borraw�er prov�ded for�n th�s Secur�ty {nstru3nent shall be;�ven by deliverin� it or by mailing it b��first class mail unless app]icaE�ie iaw i•equires use of anoel�er�nethod. The notice siiall be directed to the Pz-operty Address or any other address Borro��er desinnates by nofice to Lender. Any nofice to �.ea�der shal[Ue given by first class mail to Lender's address stated l�erefn or any address vender desi�nates by notice to Borro��er. Ar�y notice pro��ided for in this Securiry Instrument sha1C be dee�ned 10 ]zave been given to Boirotiver or iender�vhen�,iven as prov�ded in this.paragraph_ 14. Governing Law; Severability.This Securiry lnstru,ne�lt shatl be governed by Federal la��and the law of the jur[sdicttoi� in which ihe Property is located. In the eve3�t that any provis�on or ctause of thls Security I»str�}ment or the Note canfiicts w�th applicable la�v,SLEC�I COTIf�]CY SY3£LL� F�ot affect other provis�ons of th�s Security l�istrument or the i��ote wh9ch can be�iven effect��,�ithout the coni-licUng urovis�on. To this end the pr-o�-rsions of thss Security Instrument and the Note are dectared to i�e sev�eraUle. 15. Ciorrower's Copy. Barrower sl�alt be given one confonned cc�py of tha Note and af this 5ecurity I n strum en t. FHA Deed ol Trust-NE 4/96 VRAP� VMP4R(NE)('It05)-DO Wolters Kluwer Flnanual Services Page 6 of�0 �