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��15�13�� Security Instrument.A w�-itten statement of any auth�rized agent of the Secretary dated subsequent ta 5D days�ram�he dat�h�reof,declining ta ins�re this Security Ins�ent and t�.e Note,�ha11 be deemed canc�usive proof of su�h ineligibility.Notwith.standing the for�going,th�s aptian may not be exercised by Lender when the una�aila�ility of insurance is salely due to Lendear's failure to rem�t a martgage�nsurance premium to th�Secre�ar�r. 'I�. Reinstatement.Borrowez has a right t�be reinstated if Lend�r has required�mmed�ate payment in full b ecause o f Bonower's failure to pay an�mo�nt due unde�r the Note or this�ecurit�Ins�ent.Th�s rig�� appl�es even a�er foreclasure praceedings are instituted. To reinstate the Securi.ty In.strument,Borrower sha�l tender�n a�ump sum a1I amounts requ�red to bring Borrovver's account current includ�ng,to the extent they are obligations af Bonower�xnder this Security Instar�ment,�or�c�osure costs and reasonable and custama,ry attomeys'fees and expeases properly associated with the forecl�sure proceeding. Upon reinstatement by Barrovver,this Security Instrument and the�bligat�ons that it secures shall renlain in effect as�f Lender had not required immediate payment in�full.Hawever,Lender is not requir�d ta permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceedin�s within two years �mmed�ately preceding the commencement of a current fore��osure praceedirig,�ii}reinstatement wi11 preGlude foreclosure on different grounds in the future,or(i�i}reinstatement will adversely affect the priority�f the Iien created b�this Security In.strument. '�'�. Bor�rvw�r Nat Rel�ased;ForbearanceBy Lenderh�vt a Wai��r.Extension�f the time of payment ar modification of aaannortization of the sums secured by this Security In�tx�ument granted by Le�nd�er to any successor in interest of Borrower sha11 not operate t�r�lease the�iab�lity of the orig�nal Borrower Qr Borrower's successor in interest. Lender sha11 not be requifred to cammence proceedings against any successor in int�rest or refuse to extend time for payment or atherw�se modify amorti�ation of the sums secured by this Security Ins�rum�nt by reas�n.of any demand made by the original Borrower or Borrow�r's successor�in interest.Any forbearanc�by�.ender in exercisi.ng any right or remedy shall not be a waiver of ar preclude the exercise of any right or remedy. '��. Successarsand Assigns Bound;Joint and Seyeral Lia��ty;Co-Signers.Th�coven.a�ts and a�areements of this S�curity Instxument sha��bind and benef t the successors and assigns of Lender and Borro�ver,subject to the provisians of paragraph 9(b). Borrowe�r's covenants and agre�ments sha�l b�jaint and several.Any Borrower who�o-signs this Security Instru.ment but does nat execute the Note: (a)is co-signing this Security Instrument only to m�rtgage,grant and c�nvey that Borrower's interest in the Property under the terms of this Security Instrument;(b]is not personally obligated to pay the sums se�ured b�this Security Instrument;and(e�agrees that Lender and any o�her Borrawer may agree to extend,modif�, farbear or make any accommodations with regard ta the terms of this Security Instrument or the Note without that��rt�wer's��ns�nt. 'I 3. Notiees.Any not�c�to Borrower provided for in this Security Instrument sha�l be given by deliver�ng it or by mailing it by first class mai�unless applicable�aw r�quir�s use of another meth�d. The notice shall be due�ted to the Prvperty Address or any other ad�ress Borrower designates by notice to Le�der. Any notice to Lender sha1l�e given by first class mai�to Lender's add.ress stated herein�r any address Lender designates by noti�e to Borrower.�ny notice pro�ided far in this Security Instrum�nt�ha��be d�emed to ha�e been given ta Bonn�ver or Lender when gi�en as pr�vided i�.this paxagraph. 14. Go�ern�ng Law; Severabi��ty.T�us Securfty In.strument sha11 be gnverned by Federal�aw and the law of the jurisdiction in wluch the Property is located. In the event that any provision or c�ause of this Security Instrument or the Note conflicts with applicable 1aw, such confl�ct sh�ll not affect other provisians of this Security Instrument or the Note which can be given effect without the conflicting provision. To th�s end the provision�of this Security Instruam�nt and the Note are deelared to be severable. FHA Mortgage WITN MERS-�VE Re�ised 419B VMP� VlU4P44+1(NE}�'t3�2�.Q4 Wolters�uwer Financial SeFvices Page B ofi�❑ q433374283G3 0233 �89 �51Q