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201209481 Securiry Instrument. A wriUen statement of auy authorized agent of the Secretary dated subsequent to 60 days from tLe date liereof, declining to insure this Security Instrument and thc Notc, shall bc deemed conclusive proof of such ineligibIlity. Notwithstanding the foregoing, tUis option may not be exercised by Lender when ihe unavailabIlity of insurance is s�lely due to Lender's faIlure to remit a mortgage insurance premium to the Secretary. 10. Reinstatement. Borrower has a right to be reinstated if Ixnder has rcquircd immediate payment in full � because of Borrower's failure to pay an amount due under the Note or this Security lnstrument. '1'his righl applies even after foxeclosure proceedings are instituted. To reinstate the Security Instrument, Borrower sLzll tcndcr in a lump sum all amounts required to bring Borrower's account current including, to the e�ctent they aze obligations of Borrower mmder this Security Iastrument, foreclosure costs and reasonable and customxry at[omeys' fees and eacpenses properly associated witL the foreclosuie proceeding. Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in effect as if Lender had no[required immediate payment in full. Aowever, Lender is not required to permil reinstutement if: {i) Lender has accep[ed reinstatement after the comme�ement of foreclosure proceedings wi[hin[wo years . . immediately preceding the commencement of a current foreclosure proceeding, (ii)reinstatement will preclude foreclosurr on differen[grounds in�he fulure,or(iii)reinsta[ement wHl adversely affect the priority of the lien created by this Securiry Instrument. 11. Borrower Not Released; Forbearance By Lender Not a Waive�. Extension of the time of payment or modification of amortization of ihe sums secured by tbis Security Instru�nent gran[ed by Lender to any successor in interest of Bortower shall no[opera[e to release the liability of the original Borrowet or Buirower's successor in interes[. Lender shall not be required to commence pmceedings agains[any successor in interest or refuse to eactend time for payment or otherwise modify amortization of the sums secured by this Seturity Instrument by reason of a�demand made by the origina!Borrower or Borrower's successors in interest. Any forbeatance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. � 72. Successors and Assigns Bound; Joint and Several Liability; Co-Signers. The wvenants and agreements of LLis Security Instrument shall bind and benefit the suuessors and assigns of Lcnder and Borrower, subject to the provisions of paragraph 9(b). Bormwer's covenants and agreements shall be joint and several. Any Boaower who co-signs this Security Instrument but does no[elcecute[he Note: (a) is co-signing Uils Security Instrument only to mortgage, grant and wnvey[hat Borrower's interest in the Property under the terms of this Secnrity Instrument; (b)is no[peisonally obligated to pay[he sums secured by this Security Insttument; and(c)agrees that Lender and any other Borrower may agree to extend, modify, forbeaz or make any accommodations wifh regazd to the terms of fhis Security Iastn�ment or the Nole wifhout fhat Borrower's consent. 13. Notices. Auy notice[o Borrower provided for in[his Security Instrument sLall be given by delivering i[or hy mailing it by fust class mail ualcss applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Bmrower designates by notice to Lender. Any notice to Le�er shall be given by firs[class mail to I,e�der's address stated herein or any address Lrnder designates by notice to Borrower. My 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. Governing Law; Severability. This Security Inswment sLall be govemcxl by Federal law and the law of the jurisdiction in which the Property is loca[ed. In[he event that any provision m clause of this SecnriTy Instnunent or the Note conflicts with applicable law, such conflict shall not affect other provisions of tbis Security Instrument or the Note whicL can be given effect without the eonflic[ing provision. To this end tLc provisions of this Security Instrument and the Note are declared w be severable. Walz�puwerFiTrerculSarvixs . �il�'�I"�I'�I��I�II'IIIIIII�III.II VMG4N(NP�e6of�10 g03310915959 0733 618 0610 n � � I \ �S/�