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201211096 exercised by Lender when the wiavailability of insurance is solely due to Lendcr's failure to renut a mortgage insurance premium to the Secretary. 10. Reinstatement.Borrower has a right to be reinstated if Lender}�as rcquired immediate payment in full because of Borrower's failure to pay an amount due under the No[e or this Securit��Instnament. This right applies even after foreclosure proceedings are insdtuled. To reins[ate the Secunty Instnimenl, Borrowex stinll tender in a lump sum all amoums cequired to bring Borrower's account currenl inclading to the extent they are obligations of Borrok-er under this Securih- Instrument,foreclosurc costs and reasonable and customary attorneys' fees and ehpenses properly associated wi[h the foreclosure procccding. Upon reinstatement by Borrower, this Securih Instrument and the obligations tFtat it secures shall remxin in cffcct as if Lcndcr had not rcquired immediate paymen[in full. However,Lender is not required to perniit reins[atement if: (i)Lender has accepted reinstatement after the commencement of foreclosure procecdings within two ycars immediately pmceding the wmmencemem of a curreiu foreclosure proceeding, (ii) reinstatement will preclnde foreclosure on difterent grounds in the future, or(iii)reinstatement�vill adversely affecl the priority of lhe lien created by this Security Instmment. 11. BorrowerNotReleased;ForbearanceByLenderNotaWaiver. Eztcnsionofthetimeofpaymcntor modificaGon of amortization of the sums secured by this Securin� Instnunem granted by Lender to any successor in inte�est of Borrower shall not operate ro release the liability of the original Borroµ�cr or Bonower's successor in inicresL Lender shall not be required to commence proceedings against any successor in inte�est or refuse to extend time for payment or othcnvise modify amortization of lhe sums secured by this SecuriTy lnsuument by reason of azty demand made by the original Borm�ver or Borrower's successoTs in interest. Any forbearance by Lender in cxercising am'riglrt or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successorsand AssignsBound;Jointand Several Liability;CoSigners.The cove�ants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Born�wer, subject to the provisions of paragraph 9(b). Borrowcr's covenants and agrccmems shall be joint and several. Any Borrower who co-signs this Security lnstrument but does not execute the Note: (a)is co-signing this Security Instrument only to mortgage, grant and comey ttiat Borrower's intcrest in the Property under the temis of this Sewrity Instrument; (b) is not personally obligaLed ro pay tLe sums secured by [his Securily InsWcnent; and(c) agrees that Lender and any other Borrower may agree to extend, modify, fmfiear or make airy accommodations with regard to the terms of this Securiry Instnunent or the Note without that Borrower's consent 13. Notices.Airy noticc to Borrower provided for in this Security Instrument sltall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice sLall be direc[cd[o the Pmperty Address or auy other address Bonowcr designates by notice to Lender. My notice to Lender sttall be given by first class mail to Lendcr's address stated hercin or any address Lender designates by nouce to Borrower. Airy notice provided for in this Security Instrumem shall be deemcd to have been given to Borzowcr or Lender when given as pmvided in this paragraph. 14. GoverningLaw; Severability.This Security Instmmcnl shall be governed by Federal law and thc law of the jurisdiction in which[he Pmperty is located. In the event that any provision or clause of ttns Security Instrument or the Note conflicts with applicablc law, such conflict shall not affect otlier pro��isions of this Sccurity Instnunem or the Note which can be giveu effect without the conflic[ing provision. To this cnd the provisions of this Security Insttumenl and the Note aze declared to be severable. 15. Borrower's Copy.Borrower shall be given one confonned copy of the Note and of this Sewrity instn�ment. FHA Deed of TrusLNE 4�9B VMP� VMP6RMQ(1105)00 Nblters Kluvrer Financial Services Page 6 N 10