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201210500 exercised by Lender when tl�e unavailabilih- of insurance is solely due to Lender's failure [o remit� mortgage insurance premium to the Sccrctary. 1 D. Reinstatement.Borrower has a right to bc reinsfated if Lendcr has required immediate pa�ment in full because of Borro�yer's failure to pa� an amount due nnder 11�e Note or this Security Insuwnem. "Chis right applies evcn after Coreclosure proceedings a�e instituted. To reinstate tlia Secunty Ins[mmcnt,Borrower shall tender in a lump sum all aznowns required to bring Borrotiver's acconnt cur�nt including, to Ihe extent they are obligations of Bonower nnder this Sewnty Instnament Coreclosure costs and reasonable and customary attomeys' fees and expenses properh�associated��ith the foreclosnre proceeding. Upon reinstatement b,y Borrower, Uiis Securiry Instmment and the obligations that it secures shall remain in cffccl. as if Lcndcr had no[required inunediate payment in fulL Ho�i•ever, Lender is not required tn permit re9nstatement if: (i)Lender lias accepted mins4�lement after the commencement of foreclosure procee�ii�rgs �vithin hvo years immediately preceding the commencement of a caaent foreclosure procceding, (ii)reinstatemcnt will preclude foreclos�are on different gmunde in thc future, or(iii) reinstaten�ent Es�ill adversely afFect the priori��af the lien created by this Securiry Instrument. 11. BorrowerNot Released;ForbearanceBy LenderNot a Waiver. Extension of thc timc of payment ox modification of amortization of Ghe sums secured by this Sccurity lastrument granted by Lender to an� successor in interest of Borro�ver sliall not operate to release the liabiligr of lhe original Borrower or Borro�i�er's s�zccessor in interest. Lender shall not be requirzd to commence proceedings�gainst ury successor in interest or ret'use to extend time for payment or othenvisc modifti amortization of the sums secured by this Security Instrumem by reason of a�n' demand made by the onginal Borrowcr or Borrower's successors in intemsL Any fofiearance by Lender in esercising any nght or remedy shall not be a �aaiver of or preclnde the exercise of ane right or remed7. 72. Successorsand AssignsBound;Joint and Several Liability;CoSigners.The covenants and agreements of this Secunh Insimment shall bind and benefit the successors and assigns of Lender and 6orroµer, subject to the provisious of paragraph 9(b). Borrower's covenants and agreements s}uill be joint and several. Any Borrower who co-signs this Sccurity Lnstnzmern hut does not execute the Note: (a}is co-signing this Securitr�Ins[mment only to mortgage, grant and wnvey that Borsower's interest in thc Properry under the terms of this Securitj Instrument; (b)is not personallc obligated to pay the sums secured by this Security Ins[rument; and (c)a�ees that Lender and any othcr Borrower ma} agree to extend, modify. fo�eaz or make any accommodations with regazd to the terms of tt�is Secunty InsLrumeiu or the Note without that Bonowec's consent. 13. Notices.Airv notice to Borrowex provided for in this Secunh Instmment shall be given by delivenng it or by mailing il by first clase mail unlese applicable law requires use of anoiher method. The notice s1�all be directed to the Pmperty Address or any other address Borro��er designates by nolice to Lender. An} uotice to Lendcr shall bc given by first c12ss maii to Lender s address stated herein or airy address Lender desi�matesby notice to Borrower. Any notice pmvided for in thrs Securily 1nsWment shall be deemedto hace becn given to eorcower or Lender when given as provided in this paragrapli. 14. GoverningLaw; Severability.This Securit�� Instrument slti�ll be govemed by Federal Iaw and the law of lhe junsdiction in which the Property is located. In ihe event lhat azrv prmision or clause of this Secunty Instnunern or the Note conflicts with applicable law, s��ch conflict s6a11 not affect other provisions of tltis Sccurih Instrument or the Nole which can be given effecl without the conflicting provision. To this end[he procisions of this Secnnty Instnunent and the Note are declared to be severable. 15. BorrowePs Copy.Borrower shall be given onc confonned capy of[he Note and of this Securih• Insmimcnt. FHA Deetl of TmsRNE 4�5 VMP� VMP4R(NEi(11Q5).00 Wolters KI-�vrer Flnanclal Sarvices Page B M 10