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��15��535 Security Instrument.A writt�n statement of any authorized a�ent of the�ecretary dated subsequent to G�days from the date hereof,declin�ng to insure this Security Instrument aad�he Note,sha11 be de�med conclusi�e proof of such ineligibility.Notwithstand�ng the foregoing,this optior�may not b� exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium ta the Secreta�y. '1�. Reinstatement.Borrower has a right to be reinstated if Ler�der has required immediate payrnent in full �ae�aus�of Barrower's failure to pay an am�unt due un�ier the Note or this Se�urity Instrument. This right applies even after foreclosure proceedings are instituted. Tn reinstate the S�curity Instrument,Barrower shall tender in a lump�um a11 amaunts required to bring Borrotiver's account curr�nt includ�ng,to th�extent the}� are obligativns of Bvrrower under this Security Instrument, fareclosure cos�s and reasonab�e and customary attorneys'fees and expenses properly associated with the forec�osure proceeding.Upon reinstatement by Borrower,thi�Se�urity Instrument and the obligations that it secures shall remain in effect as if Lender had not required immediate payment in full. However,Lender is not requir�d ta permit reinstatement�f: (i) Lender has accepted reins�atement a#�er the commenc�men.t of foreclosure praceedin�s with�n twa years immediate�y preceding the commen.cement of a curtent for�closure proceed�ng, (ir}reinsta�ement will preclude foreclosure on different grounds in the future,or(iii}reinstatemerit wi11 adversely affect the priori�y of the l�ea created by th�s Security instrument. '11. Barraw�r Not Re�eased;ForbearanceB�1 Lend�rNot a�II►ai�er.ExtensYc�n.of the time of payment or modif cation of amortization of the sums secured by this Security Instrument�ranted by Lend�r t�any succ�ssor in�nterest of Borrovver shall not operate to re�ease the liabi��ty of the ariginal Borrower or Borrower's successor in interest. Lend�r�hall not be required to commence proceedings against any successor in interes�or refuse to extend time far payment or atherwise mod�fy arnortization of the sums secured by thi�Security Instrument by reason of any demand made by the original�orrower or Barrower'� suc�essors in�nterest.An.y forbearan�e by L�nder in exerc�s�ng any r�ght or remedy sha11 nat be a waiver�f or prec�ude the exercise of any right or remedy. '��. Suc�essorsand Assigns B�und;Joint and Se►►eral Liability;�a-Signers.The covenant�and agreements af�his Secur��y�nstrument shal�b�nd and�enef t the suc�essors and ass�gns of Lender and Borrower,subject to the provisions of paragraph 9[b�,Sorrower's covenants and agreements shall be jaint and sev�ral.Any Borrower who eo-signs this Security Instrument but do�s n�t execute the Note: �a}�s co-s�gning this Security Instrume�nt only to mortgage,grant and convey that Borrower's interest in the Property under the terms of t�is Security�ns�rument;�b}is not persona�ly ob�igated to pay the sums secured by this Security Instrument;and(c}agrees that Len.der and a�.y o�her Borrower may agree to ext�n.d,modify, forbear or make any accommadations with regard to the terms of this Security Instrument ar t�e Not� without that Bonower's co�asent. 'I 3. Noti�es.Any n�tice to Barrower pra��ded for�n this Securit�Instrument shat�be given by delivering�t or by mait�ng it by first class mail unless applicable 1aw requires use of another method. Th�noti�e sha��be directed to the Property Addres�or any other addre�s$ono�ver designa#es by notice to Lent�er. Any notice to L�nder shal�be given by f�rst class mai�tio Lender's ad�.ress stated h�rein�r any add�ress Lender designates by notice tv Barrower.Any notic�pra�ided for in this Security Instrument shall be deemed to have been gi�en to Borrower or Lender when given as provided in this paragraph. 'I 4. �o�ern i r�g Law; Severabi i ity.This Security Instrument sha11 be governed by Federal law and�he la�of the jurisd�ction in w�hich the Froperty is�ocated.In the event that any provision or clause�f this Securi�y Instrument or the Not�conflicts with appli�able�aw, such conflict shall not affect other provisions of this Se�urity Instarument or the Nate whi�h can be giver�effect without the conflicting provision. To this end the pr�v�sians of this Security Instrument and the 1Vate are declared to b�severable. FHA IIAvEtgage WITH MERS-NE Revised 419� VN1R g VMP4N{NE�(1342]A4 �otters I�Cluwer�inan�i�l Services Page B af 14 q43335755478 U�33 318 U61�