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201208502 Securiry Instrument.A written statement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof, declining to insure this Security Inshument and the Note,shall be deemed conclusive proof of such ineligibiliry.Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failwe to remit a modgage insurance premium to the Secretary. 10. Relnstatement.Bonower has a right to be reinstated if Lender has required immediate payment iu full because of Borrower's failure to pay an amount due under the Note or this Security Instrument. This right applies even after forecloswe prceeedings aze instituted. To reinstate the Security Instrument,Borrower shall tender in a lump sum all amounts required to bring Bonower's account cnrrent including,to the extent ihey aze obligations of Bonower under this Security Inshument, foreclosure costs and reasonable and customary attomeys'fees and expenses propecly associated with t6e foreclosure proceeding. Upon reinstatement by Borrower,this Secwity Instrument and the obligations that it secwes shall remain iu effect as if Leoder had not required immediate payment in fulL However,Lender is not required to percnit reinstatement if: (i) Lender has accepted reinstatement after the commencement oF foreclosure proceedings wi[hin two yeazs immediately preceding the commencement of a current foreclosure proceeding, (ii)reinstatement will preclude foreclosure on different grounds ia the future,or(iii)reinstatement will adversely affect the prioriry of the lien created by this Secudty Instrumeut. 11. BorrowerNot Released;ForbearanceBy LenderNot a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Secwity Instntment granted by Lender to any successor in interest of Borrower shall not operate W release the liability of the original Bo�rower or Sorrower'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 othenvise modify amodization of the sums secured by this Security Iastrument by reason of any demand made by the original Boaower or Bonower'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 cemedy. 12. SuccessorsandAssignsBound;JointandSeveralLiability;Co-Signers.l'hecovenantsand agreements of this Sewriry Inshvment shall bind and benefit the successors and assigns of Lender and Borrower, subject to t6e provisions of paragraph 9(b). Borrower's covenants and agreements shall be joint and severaL Any Borrower who co-signs this Security Instrument but does not execute the Note: (a)is co-si�ing this Security Instrument only to mor[gage,grant and convey that Borrowei's interest in the Property under the terms of this Security Instrument; (b)is not personally obligated to pay the sums secured by this Secwity Inshument;and(c)agrees that Lender and any other Borrower may agree to extend,modify, forbear or make any acwmmodations with regard to the terms of this Security Instrument or the Note without that Botrower's consent. 13. Notices.Any notice to Borrower provided for in this Secwiry 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 Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender s6all be given by fust class mail to Lender's address stated herei�or any address Lender designates by notice to Bonower. Any notice provided for in this Securiry Instrument shall be deemed to have been given to Borrower or Le¢der when given as provided in this pazagraph. 14. GoverningLaw; Severability.This Securiry Instrument 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 Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of t6is Security Iastrumeut or the Note which can be given effect without the conflicting provision. To this end the provisions of t6is Security Instrument and the Note are declared to be severable. �,AMo�gegeWITHME�E IIIII�I�IIIIIIII��IIIIIIIIIIIIIIIIIIIIIIIIIIIIIII �vi�4,� Wolters Kluwer Financlal Services VMP4N(N�81e 890!10 q033 601378 33 289 0610 n ' , , �(f�\J