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��15�41�1 Se�urity Instrument. A written statement of any authar�zed agent of the �ecretary dated subsequent to G�days fram the dat�hereof,declining t�insure this S�curity In�trument and th�Note, shall be deemed conclusi�e proof of such ineligibili�y.IVotwi�hstanding the foregoing,this option may no�be exercised by Lender when the unavai�ability of insurance is solely due to Lender's failur�to remit a mortgage insuran�e�remium to th� Secreta.ry, 'I 4. Reinstatement.Borrower has a right ta be reinstated if Lender has required immediate payment in fu�� because of Borrawer's failure to pay an amount due under the No�e or this S�curity Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate th� Security Instrumen�, Borrower shall tender in a lump sum a11 amounts reau�red�o bring Borrowe�'s accoun�Gurrent including,to the extent they are obligatians of Borro�uer und�r this Se��rity Instrument�foreelosure costs and reasonable and customary at�orneys' fees and expens�s properly associated with the forec�osure proceeding.Upon reinsta.tement by Borrower,this 5ecurity Instrument an.d the obligatians that it secures sha11 remain in effect as if Lender had no�required immed�ate payment in fu11. H�we�er, Lender is not required ta permit reinstatement Yf: �i} Lender has accepted reins�atement after the cammencement of foreclosure praceedings within two years immediately preceding�he cammencement of a current foreclosure proceeding, (ii}reinsta.tement will preclu�e foreclosure on�i�'fer�nt grounds in the futur�, or(iii)reinstatement tivili adverse�y affect the priority of the lien created by�his Security Instrument. �I'!. 8orrower Not Released;ForbearanceE3y LenderNot a VIla�ver.Ext�ns�on of the time�f payment or modifcation of amortizatian of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shal�not operate to re�ease the Iiability of the originai Borrower or B�rro�ex''s successor in ir�teres�. L�nder shall nflt be requi.red to ca�mence p�oceedi�gs agains�.a�y successar in interest or refuse to extend time f�r payment or�therwise modify amort�zati�n of the sums secured hy this Security Instrument by r�ason of any demand mad�by the or�ginal Borrower ar Borrower's successors in interest. Any forbeara�.ee by I�ender�n exercising ar�y right or remedy shall not b�a wai�er of or preclude the exercise of any r�ght�r rem,edy. 1�. Succe�sorsand A�signs B�un�l;Joint and Several Li�hility;Co-5i��ers.Th�covena�ts and agreements Qf this Securi�y Instrument shall bind and bene��the succes�ors and assigns of Lender and Borrower, subject to the provisians of paragraph�(b�. �orrower's c�venan�s and agreements shall be joint and se�eral. Any Barrower who co-signs this�ecurity Instrument but does n�t execute the No�e: �a) is � co-signin.g this Security In�trument only to mortgage,grant and con�ey tha�BonQwer's interest in the Property under the terms af this Security Instrumen�; (b}is no�personally obligated to pay the sums secured by this Security Instrument; and(c)agrees t�iat Lender and any other Borr��uer may agree�o ext�nd, rri�dify, f�rb�ar or make any accommodations with regard to the term�of th�s Security Instrument or the Note tivithout that Borrower's consent. 'I 3. Notices.Any natice to Borrower pro�ided f�r in th�s Security Instrument shall�e gi�en by delivering�t or by maxl�ng it by first class mail unless applicabl�law requires use of another method. The notiee sha��be di�rected ta the Property Address ar any�ther address Borrower d�signates by nat�ce to I�ender. Any notice to Lender sha1�be gi�en by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower,Any notrce pro�ided for in this Security Instrument sha11 be deemed to have been given to B�rrower or Lend�r vvheri given as pravided in this paragraph. 14. Go�ern i ng Law; Se�erabi I ity.This Security Instrument shall be gaverned by Federal 1aw and the law of the jurisdi�tion in which th�P�operty is l�cated. In the event that any pro�is�an or claus�of this S�eurity Instrument or the Note conflicts with applicable�aw, such canflict sha1�nat affect o�her provisions of this Secur�ty Instrument or the Note vvhich can be given effect withaut the conflicting pro�ision. To this end the provisions of this Securi�y Instrument and the Note are declared to be severable. FHA Martgage WITH MERS-NE Re�ised 419fi VMP� VMP4N�NE}�1342}.�� 1Nolters Kluwer Financial Se�vices q�334132Z119 ��33 353 a610 Page B af'lQ