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��14�334� �ecur��Instrum�nt.A�r�tten s�a�eme�t of any authorized agent of the Secretar�dated subsequent to 6�days from the date hereof,declin�ng to insur�this Securi�y�nstrumer�t and the Note,sha�l be deemed cane�usive�roof of such ineligib�.��ty.Not�vithstanding the faregoing,this option may not be exercise�by Lender�t�vhen the unavailability of insurance is�olely due to L�nder's failure to remit a mortgage ins�ra�.ce px'�mium to�the�ec�etary. �fl. Reinstat�ment.Borrower has a right to be reinsta.ted if Lender has requi.red immed�ate pa�ment�n fu�� because of Borrawer's failure to pay an amount due under the Note or th�s�ecurity Instrument. Th�s right applies e��n after forec�osure proceedings are instituted. To reinstat�the S�cur�ty�nstrumen�, Barrower shal� tend�r in a lump�um al�a�noun�s required to bring�orra�ver's aceount�urrent includin�,to the extent they are abligatrons o�Borrotiver ur�der t�iis Sec�rity Instrumer��, foreclos�ure costs a�d reasonabl�and custamar� attorneys'fees and expenses properly assaciated with the forec��sure praceeding. LTpon reinsta.tement by Borrower,this Security Instru.ment and the abliga�ions that it seeur�s sha�l remain in effect as if L�nder had not required immediat�payment in fu11. Hawev�r, L�nder is not required t�permit reinstatement if: �i} Lender has acGepted reinstatement af�er the commencement of for�clasure proceedings within twa years immediateiy precedrng the commencement of a current foreclosure pr�ceeding, (ii}reinsta.tement will preclude�oreclosure on different grounds in the future,or�iii}reinstatement will adversely affect the pr��rity of�he lien created b�this Security Tns�rument. �I 1. Borrower Not Re�eased;Farbearance�y Lender��lot a Wa��er.Ex�ens�on of the time of paymen�or m�dification of amortx�at�an of the sums secur�d by this Security Instrument granted by L�nder to any successor in interest of Borrower sha11 not operate�o release�h� liabi�it}�of�he ariginal Borra�rer or Borrower's su��e�sor in in�erest.L�nder shall not�e required�a commence procee�.ings agains�any successor in interest or refuse t�extend time for payment or o�herw�se modif�amor�izati�n of�he sums secured by th�s Security Instrument by r�asan of any demand made b�the original Borrower ar�orrower's suGcessors�n interest.Any forbearance by�ender in exerc�sing any right or remedy sha11 not be a waiver of ar preclude the exercise of an�right or remedy. 'I 2. S�c��ssorsand Assigns Bvund;�oint and Sever�as L�ability;�o-Sigr�ers.The cov�nants and agreem�n�s of this Security Instrument shall bind and benefit the succe�sars and assigns of Lender and Borrower, su�ject to�he pravisions of paragragh 9�b). Borrow�r's�o�enants and agreements sha11 be joint and se�rera�.Any Borrower vvho co-signs this Security Instrument but daes not execute�h�Note: (a}is co�signing this Secur�ty Instrument only ta mortgage, grant and convey that Borr��ver's in�erest in th� T'raperty under t�.e terms of this Security Instrument; �b)is no�persona��abliga�ed t�pay the sums secured by this Security�nstrument;and(c}agrees that L�nder and any other Borro�er may agree to extend, modify, forbear or make any aceommoda�ians wi�h regard to the terms of this Security�nstrum�nt or the Note withou��hat�arro�ver's cansent. 13. N�tices.Any n�tice�o Bono�ver provided far in this Security Instrument sha�i be given by delivering it or by mailing i#b�first class mail unless applXcable�aw requires us�of another method. The notiee sha11 be directed to the Proper�y Addres�ar any Qther address Borro`uer�esignates�y notice ta Lender. Any no��.ce to Lender shal�be gi�en by�rst G1ass mail to Lender's address stated her�in or any address Lender desi�nate�by natice to Borrower.Any notice prov�ded f�r i�a this Security Ins�rument sha1l be deemed�o have been g�ven ta Borrou��r or Lender�vhen given as provided in this paragraph, '�4. �overn ing Law; Severa�bE��ty.This Security In�trumen�sha1�be go�erned by Federal law and the law of t�.e jurisdictian in which the Property is located. In the event�hat any pravisian or c�ause of this 5ecurity Instrument ar the Note eonflicts with app�icable law, such conflict shall not affect other provi��ns�f this Security Instrument or the Note which ca�be given effect�uithout the conflicting provision.To this end the pro�isions af this Security Instrument and th�No�e are declared tn be severab�e. FHA Mortgage W1TH MERS-NE ' e�Esed 419� VMP� VMP4N�NE}41342)A� Walt��s K4uwer�inancia4 Services Page�of 14 q033�5��8�57 �233 376 �F1Q