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201209876 Security Inshvment. A written statement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof,declining to insure this Security Instrument and the Note, shall be deemed couclusive proof of such ineligibility.Notwithstanding the foregoing,this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurauce premium to the Secretary. 10. Reinstatement.Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amount due under the Note or t6is Security Instrument. This right applies even after forecloswe proceedings are instituted. To reinstate the Security Instrument,Borrower shall tender in a lump sum all amounts requ'ved to bring Borrower's account current including,to the extent they aze obligations of Borrower under this Securiry Instrument, foreclosure costs and reasonable and customary attomeys'fees and expe¢ses properly associated with the foreclosure proceeding.Upon reinstatement by Borrower,this SecuriTy Iustrumeut and the obligations that it secures shall remain i¢effect as if Lender had not required immediate payment in full. However, Lender is not required to permit reinstatement iL (i) Lender has accepted reiastatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding,(ii)reinstatement will preclude foreclosure on different grounds in the future,or(iii)reinstatement will adversely afiect the priority of the lien created by this Security Instrument. 11. BorrowerNot Released;ForbearanceBy LenderNot a Waiver.Extension of the time of payment or modification of amoRization of the sums secured by t6is Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Bonower or Borrower's successor in interest. Lender shall not be requ'ued[o commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums sewred by this Security Instrument by reason of any demand made by the original Borrower or Borrower'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 remedy. 12. Successorsand AssignsBound;Joint and Several Liability;Co•Signers.The covenants and ageements of t6is Securiry Instrument shall bind and benefit the successors and assigns of Lender and Bonower, subject to the provisions of parxgraph 9(b). Borrower's covenants and agreements shall be joint and several, Any Boaower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage,grant and convey that Bonower's interest in the Property under the terms of this Security Instrumeut;(b)is not personally obligated to pay the sums secured by this Securiry Iustrument;aud(c)agrees that Lender and any other Borrower may agree to extend,modify, forbear or make any accommodations with regazd to t6e terms of this Security Instnunent or the Note without that Borrower's coaseut. 13. Notices.Any uotice 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 notice 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 first class mail to Lender's address stated herein or any address Lender designates by notice to Bocrower.Any notice provided for in this Security Inshvment shall be deemed to have been given to Borrower or Lender when give¢as provided in this paragraph. 14. GoverningLaw; Severablllty.Ttus Securiry Instrument shall be govemed by Federal law and the law of the jurisdiction in which the Property is lcea[ed.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 this Secwiry I¢striiment or the Note which can be given effect without the conflicting provision.To this end the provisions of this Security Instrument and the Note are declared to be severable. Wo%e�KuweWITMMaI3ervlros iiiiiiii��iiiiiiiiii�iii��iiiiiiiiiiiiiiiiiiiiiii VMP4N(N��e089�000 -�- S S