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��15��3�7 Secur�ty Instrument.A written s�at�ment of any authoriz�d agent of the Secretary dated subsequent to �U days frarn�he date hereof,dec�ining to ins�.re this Security Instrument and the I�ote, sha��be deemed canclusi�e proaf of such�neligibiiity.Notwithstandin�the foregoing,this opt�on may not be exerc�sed by Lender when the unavailabil�ty of insurance is sole�y due to Lender`s failure to remit a mortgage insuran�e prernium to the Secretary. 'I a. Rei nstatem�nt.B�rrawer has a right to be re�nstated�f Lender has required immediat�paym�nt in ful� because of Borrower's failure to pay an amount due under the Note or this Security Instrument. Th�s right appl�es even after foreclosure proceedings are instituted.To re�nstate the Security Instrument,Borrower shall tender in a lump su�a1Z a�nflunts required tfl bring Borrower's account current inc�uding,to the�xtent they are�bligations af Borrawer under this Secur�ty Instrument, farec�osure costs and reasona�le an.d custamary aitorneys'fees and expenses properly associa�ed�i�h th�foreclosure pra�eeding.Upon r�instatement by Borro�uer,this Security Instrument and the obligations that it secures sha11 remain in effect as if Len.der had � - not requu'ed immed�ate payment in fu1�. Hawe�er,Lender is not required to permit reinstatement if: (i) Lender has accepted reinstatement after the commencement of foreclosure proceed�ngs w�thin.two years immediatel�preceding the commencement of a current f�reclosure praceeding,�ii}reinstatement will preclu�e far�closure on dxfferent grounds in the future, or[iii�re�nstatement wi11 adversely affect t�e pri�rity vf�he lien c�eated�b�this Security Instrument. ��I. Borrovr�er Not Rele�s�d;Fvrbearane�y Lender�Nat a Wai�er.Extension of the time of payment or modification of amort�zation of the sums secured by this S�cur�ty Inst�rument granted by Lender to any successor in interest of Borrow�r�ha�t not operate to release the liability af�he or�ginal Borrower�r Bor�o�aver's succe�sor in interest. L�nder shall no��required to cammenc�proce�dings aga�nst any succ�ss�r in interest or refuse ta extend time for�ayment or other�ise rr�odify amor�i�ation of the�ums secured by�his Securit�r Instrument by reason flf any demand mad�by�he ariginal�arrower or B�rrower's succ�ssors in interest.Any fQrbearance by Lend�r in exercxsing a�.y right or rern�dy sha11 not be a waiver of or prec�ude the exercise of any right or reme�ly. 1 Z. 5uccess�rsand Ass��ns Sound;Joint and Several Lia��l�ty;Co-Si�ners.The�o�enants and agreemen.ts of this Se�urity Instrument sha��bind and benef t the suc�essQrs and ass�gns of L�nder and Borrower, subj ect to the provisions of paragraph 9(b). Borrawer's covenants and agreements sha�l be joint and several.Any Barrower who co-signs this Security Instrument but does not execute the Note: (a)is co-s�gning this Securxty Instrument only to mortgage,grant and con�ey�hat Borrower's interest in the P�operty under the terms of th�s 5ecurity Ins�'ument; [b}is no�p�rsanall�obligated to pay the sums se�ure� by this Security Instrument;and(c)agrees that Lender and an�a�her Borrawer may agree to extend,modify, forbear or make any a��ar�nodations v�ith regard to the terms�f this Secur�ty Yns�rrument or the I�ote withput that Borrower's cansent. �3. Notices.Any notice�o Borrower pro�ided for in t�is 5ecurity Instrument shall be given by del�vering it or b�ma��ng it by first�lass mail unl�ss applic�ble�aw requu'es use of another meth�d. ��►e notice sha��be directed ta the Property Address or an�other address Barrower designates by notice to Len�ler, Any notice to Lender shal�b�given by frrs�ciass mail tv Lender's address stated�erein or an�address Lender designates by noti�e to Borrower.�4ny notice provided for in this Secu.rity I�.strument shalt be deemed to have been g�ven ta Bc�rrower or Lender when given as pro��ded in this paragraph. 14. G�verningLaw; Seve�'ab�l�ty.This Security Instru�nent sha�l be governed�y Federallaw and the law of the jurisd�ct�on in which the property is l�cated. In t�e event that any provision o�clause o�'this Security Instrument or the Note conflicts with app�icable Iavv, such can.flict shal�not affeGt�ther provisions vf�his Security Instrument or the Note wh�ch can be given effect without the conflicting provYs�on. To this end the provisions of this Security Ins�rument and the Note are dec�ared ta be severab�e. FH►�Mortgage W�TH MERS-NE 'Revised 4f�fi VMP� VlIAP4N[NE]�1342}.aD Wolters I{luwer Firtancial Services Page fi of 1 Q q�3339�5�39�8 OZ33 419 fl61�