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201210800 cscrciscd by Lender when the unavailabilit�� of insurance is solely due to Lender's f�ilure lo reinit a mortgage insurance prcmium to tlie Secree�iry. 10. Reinstatement.Borrower has a right to be reinstated if Lender has required immediate payment in fiil] bec�iuse of Borrower's failure to pay�an ainouiit due under the Note or this Security lnstnxment. Tliis right applics evcn after fareclosure proceedings are inslituted. To reinstate the Security InstrumeciL Borrower stu311 tender in a lump sum ai] auiounts required to bring Borrower's account current including;to the extent they are obligations of Bon�o��cr uudcr tlus Sccurity Instnimcnt,foreclosure costs aud�asoiklble and eustomary attorneys' fees and e�penses properly.�ssociated with lhe foreclosure proceedinb. Upon reinstateinent by Borro�cer,tYiis Security Instniment and the obligations that it secures shall remain in eLfect as if Lender ht�d not roquircd inmiediale pay ment in full. Ho�aever,Lender is not required to permit reinsta�ement if: (i)Lender has accepted reinstatement after the commexicexnent of foreclosure proceedings �rithin two ycars im.mediately preceding the commencement of a current foreclosure proceeding, (ii)reinsU�tement�vill preclude foreclosnrc on difFerent grouuds in die fi►turc,or{iii)reinstatcment will adversels affect the priority oP the lien created by this Security�instrument. 11. BorrowerNot Reieased;ForbearanceBy LenderNot a Waiver. Eatcnsiou of thc tiinc of payinent or modification of a�noriization of the sxims sectired by this Security lnstrument granted bv Lender to any� successor in interest oF Borroci�er shall not operate to release llie liabilit}-of the original Borroiver or Borroczcr's successor in it�terest. Lender shall not be reqaired to commence proceedings against any successor in interest or mfuse to extend lime for paymcut or otherrvise modify amortization ol the sums secured by this Security Instrument by reasou of any demand niade bS-thc original Borro�ver or Borrower's successors in interest. Am�forbearance by Leuder in exercising any right or remcdy shall not be a waiver of or preclude tlle exercise of any right or remedy. 12. Successorsand AssignsBound;Joint and Several Liability;Go-Signers.The covenants axid a.gree�nents of this Securitti�Instrurnent.shall bind and benefit the successors aud assigns ol'Lender and Borrocier, subject to tlie provisions ot'paragrapl�9(b}.Borro��er's covexu�nts and agreements sYu�ll be joi�it and scveral. An}.Bormwer who co-signs this Security Instrument.but does not execute the Note: (a)is co-si�nixig this Security Instrument onl,y to morlgage, grant and convey that Borro��er's intemst in the Property under thc terms of this Security Instrument; (b}is not personally obligated to pay the sams secured b��this Security Instrument;and(c)�grees that Lcnder and axiy other Borrower may agree to eatend, modily, forbear or make an�-accommodations`�ith regard to the terms of this Securit}�Instrument or the Nate �vithout iltat Borrotver's conscnt. 13. Notices.Any notice to Borro�s�er providcd for in this Securit5 Instrum�nt slti�ll be given b_y delivering it or by mailing it by first class xnail uriless applicable law requires use of another method. The notice shall be directed to the Proper[y Address or am� othcr address Borro�cer designates by notice 1:o Lender. Atiy notice to Lender shall be�;iven by first class mail to Lender's�ddress stated herein or any address Lei�der designatesby notice to Borroti�-er. Any notice provided far in this Security[zistniment shall be deemedto have been given to Bon�ower or Lendcr c��hen given as provided in tYus paragraph. 14. GoverningLaw; Sevet'ability.This Security Instniment sl�all bc govcrned by Federal law and the law of tl�e jurisdiction in u-hich the Property is located. [n the e�ent that an} provision or clause of this Secitrity instn�ment or the Note conflicts�vith applicable law, such conflict shall not affect other provisions of tlus Security Instrument or the Note which can be givcn effect without tlic conflicting provision. To this eud the �rovisions of this Security Instrument and the Note are decla.red Lo be severable. '15. Borrower's Copy.Borrower stiall be givexi one confornied copS of the Note aud of this Sccurit�� Instrumettl. FHA Deed of Trust-NE A/96 VMF't�`s � VMP4R(NC)(1'105)00 Wolters Kluwer f=inanciai Services Page 6 of'10