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��14��953 Security Instrument.A written st�atemen�af any au�hori2ed agen�af the S�cre�tary dated subs�quent�o ��days fram the date hereof,declining tv insure thi�Security Instrum�nt and the Note, sha11 be deem�s�conclusi�e pro�f of sueh ineligibility.Notwithsta.nd�ng the foreg�ing,this�ption may not be �xercise�by Lender whe�the unavailability of insurance�s s�lely due ta Lender's failure to remit a martgage insurance premit�m to tl��Secretary. 'I�. Reinstatement.Bonower has a right to be reinstated if Lender has r�quir�d immed�ate payment in ful� becaus�of Borrower's failure to pa�an amount due und�r the Note or this Se�urity Instrument. Thi�ri�ht apglies e�en af�er fvreclosure proc�edings are instituted.To reinsta.te the Security I�strument,�3arro�ver sha11 tender in a lump sum all amaunts required t�bring Borrower's account current including,to the extent they are�bligations vf�orrawer under this Security Inst�ru�entg foreclo��re costs and reaso�.a�ble and customar� attorneys'fe�s and expenses properly associated with the foreclosure proceeding.�Jp�n rein.s�atement by Borrow�r,this Security Ir�strument and the obt�gati�n�that it sec�.res shal�remain in effec�as if Lend�r had nat required�mmed�ate payment in fu11. Ho�vever,I.eader is nat requued�a permit rei.nsta#ement if: (i} Lender has accepted r�instatement after the commencement of foreelosure�raceedings within two years immediat�ly preceding the commencem�nt of a current foreclosure proc��ding,�ii)reinstatement wi11 preclud�foreclosure on different grounds in the future,or�ii��reinstatement wil�adversely affect the pr�ority of the lien crea��d by this Securi�y Instrument. 'I'I. Borrower�Nvt Released;F�rbearanceBy LenderNvt a�Illai�er.Extension af the time of payrnent or mQdificat�on of amor�ization�f the sum�se�ured by this 5ecurity Instrument granted by Lender tv any successor in interest of Borro��r sha�1 not aperate to release the�iabil�ty of the original$orrower or Borrov�er's successor in in��rest.Le�.der sha��n�t be req�ired ta commenc�proceedings against any successor in intere�t or refu�e to ext�nd tim�for pa�ment ar otherwise modify amortization of the sums seeured b�this Securit��nstrument�y reason af an�demand made by�he or�giaal Barrav�er or Borrower's successars in interest.An.y forbearance by L.ender in exercising any right or remedy sha��not be a�a��er of or preclude the exerc�se of any right or remedy. 12. �ucce�sorsand Assigns�aund;.�oint and Sever�l L�ability;�o-S��ers.Th�co�en�4t�an.d agreements of this�ecurity Instrtiment sha11 bind and benefit the successars and assigns of Lender and �3orrower,subject to the provi�ions of paragraph 9(b�. Borrower's covenant�a�nd agreements sha11 be joint and several.Any�orrow�r�vho co-s�gns this Security Instrument but does not ea�ecute the Note: (a}is co-sign�ng this��curity Instrument only to mortgage,grant and conv�y�hat Borra�rer's interest in the Prop�rty under the terms vf this Security Instrument; �b)is nat personal�y obligated to pay the sums secured by this S�curity in�trument;and(c�agrees that Lender and an�o�h.er Barrower may agree ta extend,modify, forbear or make any accommodatians�ith regard t�th�t�rms of this Security�ns�rument vr the Nate without that�orrower's consent. �13. N�t��es.Any notice to Borrov�er prov�ded for in this Security Instrument shall be given b�deliver�ng it or by mailing i�by fust class�nail unle�s applicab�e law requires use of another method. The not��e sha�t be di�ec�ed ta t�.e�rope�A�dress or a��other a��ress�fl�ov�er desig�at�es�y n�ti�e to i.e�.der. Any notiGe to Lender shal�be given by f�.rst class mail to Lend�r's address sta.ted herein or any addr�ss Lender designates by nat�ce to�Qrrower.Any notice provxded for in this Security Instrument shall be de�rned t� ha�e been given to Borrower or Lender when gi�en as prvvi�ed in this paragraph, 'I 4, Gvvern i r��Law; Sev�r�b il ity.This S�curity Instrument sha11 be governed b�Fed�ra��ativ and the lav�of the jurisdiction in which the pr��perty is located,In the event that any provisian or clause vf this S�cu�rity Instrument or the N'ote conflicts with app��ab1e la�v, �uch conflict sha11 nat affect other pro�isions�f th�s Security Instrument or th�Not�vvhi�h can be gi�ren effect with�ut the conflicting pro�ision. To th�s end the prv��s�vns of this Security Instrument�nd the Note are dec�ared to be se�erable. FHA Mortgage VIiITH IwlERS-NE Re�ised 4I96 VMP� VMP4N[NE}�13�2].� Wattera Kfuwer Firaanc�al Services R�ge 6 of 1❑ q433�3159U89 �233 �9� �51�