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��15�5345 S�curity Instrument.A�uri�en statement af any author�zed a�ent of the Secretary da�ed subsequent to �0 days from th�date hereaf,dectining ta in.sure�his Securit3r Instrument and th�Note,�hall be deemed conclus�ve�r�of of such ine�igibility. Natwi�hstanding the foreg�ing,�his option may no�be exercised by Lender when the unavailab��ty af insurance is sole��due to Lende�'s failure�o remit a xnortgage insurance premium to the Secretary. 'I D. Reinstatement.Borrawer has a right to be r�insta#ed if Lender has required immed�ate payment ir�fu�l b�cause of Borrawer's failure ta pay an amn�nt due under the Note or this Security Ins�rumen�.This ri�ht a�plies even af�er for�c�osure proceedings are instituted.T�reinstate the�eeurit}�Instrument,Borro�er shall tender in a lump sum a11 arnounts requ�red to bring Barrower's account�urrent including,to the ext�nt they are�hliga�t��s of�arro�ver under thi�Security In��rume�t,foreclasure costs and reas�nable a�d custornary attarneys'�'ees and expenses properly a�s�ciated with the fareclosur�proceeding.Upon reinstatement by Borrower,this 5ecurity Instrurnent and the ob�igations that it se�ures shall remain in effec��.s if Lender had n�t req�ired irnmediate�ayment�n fut�.However,Lender is not requir�d�a p�rm�t reinstatement if: �i) Lender has accepted reins�a.tement af�er the commencemeat af fareclasure proceedrngs within two years imme�iately preceding the�o�mmencement of a current f�re��asur�proceeding,�ii}reinsta.tement wi11 pre�lude fareclosure on differen�grounds in the futur�,or(iii)reinstatement wil�ad�erse�y affect the .. privrity of the lien created by this 5ecurity Instrumen�. �!'I. Bc�rrowe�Not Releas�d;ForbearanceE3y Lend�rNot a Waiver.Extens�on of the time of payment ar • modification�f amortization af the sums secured b�r thi5 Security Instrument granted by Lend�r to any succ�ssor in i�terest�f Borrower shall not operate to release�he�iabiii�r of�he origina�Barrower or Borrowe�s su��ess�r�n in�ere�t.Lender shall not be required to commenc�proceedings against an� s�ccessor�n in#.�r�st or refuse to extend time far payment or othervvise modify amartization�f the sums se�ured by this 5ecurity Instrument lay r�a�an of any demand mad�b�the or�ginal$orrower ar Borrawer`s successors in interest.Any forb�arance by Lender in exercising a�y right or r�medy sha�t not be a waiver�f ar preclude th�exercise of any right or remedy. '��. Su��essarsand►4s�i�nsBound;aoint and S��eral L�ability;��Signers.The covenants and agreeme�ts of this Security Instrument shall bind and benefi�the successors and assig�s af L��der and Bonawer, subject to the provision��f p�ragraph 9�b�.Borrawer's co�enan�s and agreemea�s sha�I be join� and se�er�l.Any Borrower�vho ca-signs�his Secur�ty Instrument but does no�execute the l�Tote: �a}i� co-signirng this Security Instrument only to mortga�e,grant and convey that Borrower's iuurat�rest in the Propert�under th�t�rms of th�s Security�n�trument;�b)i�ao�persa�.ally obli�ated ta pay the sums secured by this Se�urity Instrument;and�c�agrees that L�nder and any a�her Borrower may agree ta e�tend,modify, f�rbear ar ma�e any accammadation�w�th regard to the terms of thi�Security Ins�rument or the�o�e without that Borrawer's c�nsen�. 1�. Noti��s.Any notice to Borra�ver provided for�n this�ecurity Instrument shall be gi�en by deli�ering it or by mai�ing it by first�Ia��nai1 ur��es5 appli�ab�e ta�requires use of another me�h�d. The a��ce sha11 be directed�o the Praper�y A�dres�or any o�her address Barrower designates by noti�e to Lender. Any notice ta Lender sha�l be gi�en�y fust class ma��t�Lender's ad�r�ss stated here�n�r any address Lender e� designates by na�iee to B�rro�er,Any�atiCe pravided for in this S�eurity Instrument shall be de�med to � have been given to F3orro�rer or Lender when g��ren as provided in�h�s paragraph. � � 'I 4. �a�e�n i n g Law; Se�erab i I ity.This Security Instrurnent shalt be gaverned by Federal�aw and the la�v af . the juris�i�tion in wh�ch the Prop�rty is iocat�d.In the event tha�any pro�ision or clause�f this�ecurity In.strument or the Note conflict�with applicable 1aw,such conflict sha11 not affec�other prov�sivns af this ' S��urity Irr�strume�t or the No�e which can be gi�en effect�vithout the conflicting provision.T�this end the pro�'�s�on.s�f this S�curity Ins�ru.ment and the�ote are d�clax'�d ta be se�erabl�. FHA Martgage WlTH MERS-NE Revised 419B VMP� VMP4N�NE)(13Q2).4� 1No�ers Kt�awer Financial Services qp334�7Q092 3 4�3 3 61� �614 Page S of 14 �