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��15��797 Security Instrument.A written statement of any authoxized agent of the Secretaary date�l subsequ�nt ta 54 da}�s fro��he da�e hereof,dec��n�ng to ins�re this Se�u.rity�nstrument an�t�e Nate, shal�be deemed conclusive proof of such xneligibility.Notwithstanding the foregoing,this option�nay not be ex�rcised b�Lender when the unava��ability of�nsurance is solely due to Lender's failure�o remit a mor�gage insurance prem�um�o the Secretary. '!D. Re�nstatement.B�rrower has a right to�e reinstated if Lender has required immediate paymen�in fu11 be�ause of��r�o�ver's failure to pa�an amaunt due under the Note or this Seeurity Instrument.This right applies ev�n after foreclo��re pro�eedings axe institut�d. To r�instate�he Se�urity Instrument,Bonower sha�� tender in a lump sum al1�mounts required to bring Borrower's accaunt current inc�ud�ng,to the extent they are obligations of B�rrower under this Security Instrumen�t, f�reclosure costs and reasonable and customary attorneys'fees an�d expenses pro�er�y associated w�th the forec�osure proceeding. Upon rexns�atement by Borrower,this Security Instrument and the o�ligations tha�it secures sha11 remain in effe�t as if Lender had not required immediate payment in fu��, Howe�er,�.ender is not required to permit reins�a.temen��f: �i} Lender has accepted reinstatement af�er the commencement of foreclosure proceed�ngs within two y�ars immediately precedin�the commencement of a curre�.t forecl�sure�roceeding, (ii}r�instatement tivi11 preclude f�rec�o�ure on different grounds in the fu�ure,or�iii}reinstatement w��adversely affect the priority of the lien created by this Secu.rity Instrument. �I'I. Borrower Not Rel�eased;Forb�earance8y LenderNot a Wai�er.Extension of the time of payment or modi�eation of amart�zatian of the sums secured by thx��ecurity Ins�rument granted by Lender to any successor in in.terest of�orrower sha11 not op�rate to release the liability of the original B�rrawer or �orrower's successor in interest.Lender shall not b�required to commence prace�dings against any su�cessor in in�terest or refu�e to extend time for payment or otherwise modify arnortization�f the sums secured by this Security Ins�rument by reason�f any demand ma�e by the original Borrower or�arrower's successors in�nterest.Any fnrbearance by Lender in exercising any right or remedy shall not be a wai�er of ar preclude the exercise of any right or remedy. 'I2. S�rccessvrsan�Assigns8ound;Jaint and Se�eral Liability;Go-aigners.The covena�ts and agreeme�ts of this Secur�ty Instrument sha11�ind and bene�t the suec�ssors and assigns of Lender and Borrawer, subject to the provisions of paragraph 9(b}. Borrower's covenants and agreements shall be joint and se�eral,Any B�nower�vha co-signs�his Secur�ty Instrument but does not execute the Nate: �a}is co-sign.ing this Security Instrumen�only to martgage,grant and canvey that Borrower'�interest in the Property under the terms of�his Se�urit}�Instrument; �b}is not persona��y obligated to pay the sums secured by this S�curi�y Instrument;and(c�agr�es that Lender and any other Bozrower may agree to extend,modify, forbear or make any acc�mmodation�with regard to the terms of this Se�urity Instrument or the Note �vithaut tha�$orrower's consent. 'I3. Not�c�s.Any not�ce to BQrrow�r pro�rided for in th�s Secur�t�Instrument sha11 be gi�en by de�i�ering it or by n�ail�ng i�by first class mail unless applicab�e law requires use of another method, The notice sha11 be directed to the Property Address or any other address I3orrower des�gaa�es by n�tice to Lend�r. Any natice �o Lender sha�l be given by fir�t class mail to Lend�r's address stated herein ar any address Lender designates by n�tice t�Borro�er.An�notice provi�led for in this Secur�ty Instrument shal�be deemed to have been given to Borrower or Lender when given as pravided in this parag.raph. �4. Govern i ng Law; Severak�i I ity,This 5ecurity Inst�ument sha11 be governed b}�Federa��ayv and the law of th�jurisdictioa�n wh�ch the Property is located. In the event that any pro�ision or clause�f this Security Instrument or the Note conflicts with applicable law,such conflict sha��not affect other pro��s�ons of this Security Ins�rument or th�Note which can be given effect without the conflicting provision. To this end the pro�isions of this Security Instrurnent and the Note are de�l�.red to be se�erable. FHA Morkgage WITH MERS-NE Re�ised 419B VMP� VMP4N(NE��3ti2].d� Woiiers}Cluwer Fir�ar�cial Services Page B of 14 qU3334S74343 ��33 374 ��14