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��15�545U Security Instz�ment.A written statement af any authori�ed agen�of the Secretary dated subse�uent to 6�days fr�m�he date hereof,decliaing ta insure this Security Instrument and the N�te, shall be deerned eonclusive proof af such ineligibi�ity,h�otwithstanding the foregoing,this option may n�t b� exercised b�Lender�vhen the unava�Zability�f inSuranc�is�alely due to L�nder's failure to r�mit a martgage insurance premium ta the Secretary. 'I Q. Reinstatement,�c�rr��ver has a r�ght to b�reinstated i�'Lender has required immediate pay�nent in fui� because�f Borrower's failure to pay an amount due under the I�Iate ar this Security Instrume�t, Thi�r�ght app�ies e�en af�e�foreclosure proceedings�.re instituted.To reinstate th�Security�nstrument,Borrower shall tender in a�urnp surn all amounts r�quired ta bring Borrotiver's account current�ncluding,to the extent t�.ey are ob�igations of Borrov�er un�er th�s Security�nstrumen�,farec�osure costs and reasanable and customary at�orneys'fees and expen�es properly associated with the forecl�sure proeeeding,Upon reinstaternent by Borra�ver,�his��curity Instrum�nt aad the obligations�hat it secure5 shall remain in eff�ct as if Lender had not requued immediate payment in full. Ho�vever,Lender is not r�quired to perm�t reinstatement if; [i} Lender ha�aGcepted reinstatement after�he commencement af foreclosure proceedings w�thin two year� immediate�y preced�ng the con�.mencernent of a curren�foreclosure praceeding,(ii�rei.nsta.ternent will pre��ude foreclosure on different graunds in the future,or(��i�reinstatem�nt wi1l advers�ly affect�he priority of the lien created by this Securi�y I�tstrument. 'I'I. 8orrvw�r Not Refeased;Forhsa�aneeBy LenderNot a Waiver. Extens�on of the t�me Qf payment or modif catian�f amortization of the s�ms secured by this Secur�ty Instrument grant�d b}�Lend�r to any successor in iaterest af Borro�ver shall not operate to release the liability of the�r�ginal B�rr�wer or Borr�wer's su�cessor in�nt�rest. Lender shall nQ�be required to commence proceedings against an� success�r in intere�t or refuse to extend time for payment or otherwise mod�fy am�ortization of the sums se�ured by th��Se�urity��strument by reason of any demand made by the original Borrower or Borrower's successors in interest.Any forbearance�y Lender in ex�rcising aay�right Qr remed�shall not be a w�i�er of or preclude the exercise af any right or remedy. �I�. Succes�orsand Assi�ns 8ound;Joint and Several Liability;Co-Signers.The covenants and agreements�f this Security Ins�rument sha11 bind and benefit the successors and assigns of Lender and Borrower,subject to the provis�ons of para�raph 9(b}. Sorrower's covenants and agreements sha��be jaint and several.Any$orrower who co-s�gns this Security�n�trument but do�s not execute the Note. (a�is co-�ign€ng this Security Instrument on�y to mortgage,grant and convey that Borrawer's interest in the Praperty under the terms af this Security Instrument;�h} is�ot persvna.11y obligat�d t�pay the sum�secured by this Security Instrument;and(c}agrees that L.ender and any other Borro�ver may agree ta extend,m�dify, forbear t�r ma.ke any accamm�d.ati�ns�rith regard tQ the ter�s of this�ecurity In�trument or the 3�nte without that B�rrower`s consent. '13. Nc�tiees.A.ay natice to Borrower prov�ded for in this Security Instrument shall be given by delivering it or by mailing it by first class ma��unless applicable 1aw requu'es use of another m�thod. The notice sha�l be d�rected�o the Property Address or any other address Borrower designates by not�ce to Lender. Aray notice to Lender sha11 be giv�n by first c�a�s rnail to Lender's addres�st�ated herein or any add�es�Lender designates by nati�e t�Borrovver.Any natice provided for in this Security Instrument sha11 be deerned to have been gi�en to Bo�r��er or Lender vvhen give�a as p�ovided in thi�paragraph. '14. GoverningLaw; Se�erability.Thi��urity Instrum�nt sha11 be��verned by Federal law and the Iaw of the jur�sdiction in which the Property is loca�ed. In the e�ent that an�pro�isian or clause of this Security Lnstrument or the N�te cora�.icts�vith appti�able law,such conflict shal�not affect other prov�sions vf this �ecurity Instrument or the Note which can be given effect without the conflictiag provisian.To this end the prov�sions of this Security Instrumen�and the Note are d��lared to be se�erable. FHA M�rtgage WITH MERS-NE Revisec�4196 VMP @ VMP4N�NE}{1342).�4 Wvlters Kluwer Financ+al 5ervices Page B af 1 Q q03338986593 �233 474 061�