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��15��9 �e�urity In�strument.A written sta�emen�af any authvri�ed agent of the Secretary dated subs�qu�n�t tv ��days from�he date hereof,dec�ining to insure this S�curity In�trument and the Nate, shall be deemed conclusive proof of such ineligibility.Notwithstanding the fare$ving,this optian may nv�be �x�rcis�d by Lender when the una�aitability af�nsurance is solely due to Lender's failure to remi�a martgage insurance premium to the Secretary. '��. Reinstatement.Borr�wer has a right ta be reinstated if Lender has required immediate payment in fut� because of Borrower's failure to pay aa amaunt due under the Note or this Security Instrument.This right applies even a�er for�closure proceedings a.re institu.ted.To reinstate the Security Instrumen�,B�rrow�r shall tender in.a Iump sum a11 amounts required to bring I3orrower's account current including,t�th�extent they are obligations of Borrotiver under this Security Ins�,rument, forec�osure costs and reasonabl�and customary attameys'fee�and expenses pr�perly a�sociated wrth the fareclosure proce�din�.Upon rei.nsta.�ement by F3anower,this�ecurity Instrument and th�obligativns that it s�cures shall remain in effect as if Lender had nat r�quired immediate payment in fu11. However,��nd�r is not required to permit reinstatement if: (i) Lender has a�c�pted reinstatemeat after the comm�ncement of foreclosure proceedings with�n two years immediat�ly�receding the conunencement of a current foreclosure praceeding, (ii)r�instatement wi�� preclude foreclosure on different grounds in the future,ar(iii}reinstatement�vi11 adv�r�ely affect the priorit�af�he lien created by this Security Instrument. 1�I. Barravrrer�Not Released;For��arance8y LenderNot a Vlfa��er.Extension af the time�f payment or modification of amart��at�an of�he sums secured�y this Security Instrument granted by Len�ier ta any successvr in�nterest of Barra�ver sha11 nat aperate to release th��ab��ty of the origina�Borrower or Borro�er`s suc�essar in�n�erest. Lender sha11 not be requued to carnmence proceedings again.st any successor in interes�or refuse t�extend time for paym�nt or othervvise mod�fy amartization af the sums s�cured by this��curity Instru.ment by reason of any demand made b�th�original Barrow�r or Barrower"s successvrs i.a interest.Any forbearance��Lender in�xercisin�any r�ght or remedy shal�not be a wai��r af ar prec�ude the exercise vf any right�r remedy. 1�. Successarsand�4ssigns 8aund;Joint and Sev�ral Lial�i�it�;�v-�Signers.Th�coven.ants and agreements af this Securi�y Instrument sha11 bind and benefit t�e successars and a�signs of Lender and B�rr�wer,subje�t to the prav�sians of paxagraph g(b�. Barrotiv�r's co�enants and agareements shatl be jaint and sev�ra.l.Any Barro�v�r�vhv co�si�ns this�ecurity Instrument but does not execute the Note: �a)is co-si�n�th��ecurity Instrument anly to mortgage,grant and convey that Borra�er`s�nterest in the Property under the t�rms�f this Security Instrumen�; (b)is not persona��y abligated to pay the sums s�cured by this Security Instrument;and(�}agrees that Lender and any��her Borrower may agree to extend,modif�r, forbear ar ma�e any accc�mmadations with regard ta the terms of this�ecurity Instrument�r the Note wit�out that Bano�er's cansent. �3. Not��es.Any not�ce�o Borrower pravided for in this Securi�y Instrument sha1l be g�ven by deli�ering it ar by mailai.ng it by first c�ass mail unless applicab��a�v requires use of another m�thod. The notice shall be d�rected to the Property Addr�ss or any ather address Borr�wer designates by no�ice to Lender. Any not�� ta Lender sha11 b�given by fust class mail ta Lender's addre�s�tated herein or any address Lend�r desi�nates b�notice to Borrower.Any notic�pravided for�n this Security In.strument sha11 be deemed to have been given to Borrower or L�nder�vhen�given as pro�rided in this paxagraph. 14. Go�rern i n g Law; �evera�i I ity.This Secur��y Instrument shall be governed by Federallaw and th�la��f the jurisdiction in�hich the�'roperty�s located, In the event that any provision ar c�ause of this Securit�r Instrument�r the Note conflicts with ag��icable 1aw,such c�nflict sha11 not affect�ther provis�ans of th�� Securit�r Instrument ar the Nate which can be�i�en effect withaut the c�nflicting pro�ision. Ta this en.d the pr€�visians of this Security Instrument aad the Note are dec�ared to be severabte. FHA Martgage WlTH MERS-NE R�►rised 4196 Vl�1lP� VMP4N(NE�(1342�.�4 Vlfaft��Klwrrer Financial ServiGes Page B af 14 q4333 8 fi8 6 � 33 3 3 �61fl