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��15��858 Se�uri�Instrument.A�vritten stat�ment of any authori�ed�.g�nt af the Secretar�dat�d subsequ�nt ta ��days from the date�ereQf,dec�in�ng to insur�th�s�ecurity Ins�rurrr�n.t and the�Va�e,sha��be de�me�i conclusive proof af such ineligibili�,�Totwithstanding the f�regoing,this option may no�b� exercised by Lender v�hen the unavaitability of insu�rance is salely due to Lender's failure�ta remit a mortgage insurance paremium to the Secreta.r�r. 1 Q. Reinstatement.F�orr�wer has a right to be reinstated if Lender has requued immediate payment in full because af�arrv�er's failure t�pa�an amouIIt dUe und��the Note or thxs Secur�ty I�.strumen�, Th�s ri�h� app�ies even ai�er fareclosure prac�edings are instxtuted.To reinstate th�Security Tnst�ument,Borr�w�r shatl t�nder in a lump sum ati amounts required to bring B�rrow�r's accaunt current incl�ding,ta the extent they are obiigations of Borrower under�his 5ecurity Instrum�nt,foree�osure costs and reasonab�e and customary a�torn�y�'fees and expenses properly associated wi.th the foreclosure pr�ceeding.L�pon rein�tatement by $orrower,this Se�urity In.strurnent and the ab�igatians that it secures shall remain in effect as�f Lender had not required imm�dia��paym�nt in futl,Hawever,L�nd�r is not require�ta permit reinstatem�nt if: (i) Lender has accepted reinstatement after the comrnencement of foreclasure proceedings within two years imm�diateiy pr�ceding the cornm�ncem�nt of a�urrent foreclosure proceeding,�ii)reinstatement�ill preclude foreclosure on di#'f`erent grounds in the future,or�iii}reinstatement will adversety affect the priority of the�i�n created by this�ecur��y In�trument. '��I. Bvrrvwer Not Relea�ed;Forbe�ranceE�y LenderNvt a Vllai�er.Ext�nsian�f�he time�f payment ar modification af�morti�ation of the sums s�cured by this S�Gurit�Instrument granted by Lender to any success�r in interest a�'�arrower sha11 not operate to release�he l�ability of the ariginal Bono�ver or Borrower��ucc�ssor in intere�t.Lender shal�not�e required to cornmence proceedings against any successar�n int�rest or refuse to extend tim�for�ayment�r o�herwi�e modify amartization af�he sums secured by this Securi�Instrument by reason af any demand ma�ie by the ariginal$arrower�r Borrow�r's successars in interest,Any forb�aranc�by Lender in exercising any right or remedy shall not be a waiver of ar prec�ude the ex�rci�e af any right ar remedy, 1�. Suc�essorsand Assi�nsBound;Ja�nt and 5evera[Liab�ti�y;�o-S�gn�rs.Th�covenants and agreements of this Security In�trument sha11 bind and benefit the success�rs and ass�gns of Lender and �orrov�er,sub�ect�a the pro�isiQns of para.graph 9�b}.I�orro�ver`5 covenants and agreements�hal�be joint and several.Any Barra�ver who c�-signs this�ecur�ty Ins�rument but�oes not execute�he l�ote: (a)is cv-signing�his Se�urity�ns�rument on�y tc�mortgage,grant and conve�that Borrower's interest in the Prflperty under the terms af this Securit�Instrument;(b�is nat persvnatly obligated to pa�the sums s�cured by this Security In�trument;and�c�agrees that Lender and any oth�r Borrow�r may agr�e to extend,mod�fy, f�rbear or ma,ke any accommo�ations with regard t�the terms of this Security Instrument or the l�o#e �ith4u�t�.at Borrp��T'S C4i�5�nt. 1�. Notices,Any notice to Borrower pra�ided for in this Securii��nstrurnent sha�llae given by delivering it or �y ma�ling it by�`�rst class mail unl��s applicabte Iaw requires use of another methfld. The natice sha11 be dire�ted to�he Property A�dress�r any other addres��orr�wer de�ignates by notice to Lender. Any nati�� to Lender shall be given by first class mail to L.�nder's address sta.fied herein�r any address Lender de��gnates by notice�ta��rr4wer.Any natice pr4vided for in this Security Instrum�nt shall��deem�d to have b�en given.to Borro�er or Lender when g�ven as provided in this paragraph, �i4. Gvv�rrl�rlgLaWs Se�erahiiity.This Security Instrument shall be governed by Federal law and the Iaw of the jurisdicti�n in whi�h the Praperty is located.�n the even�that any pr�v�sion Qr clause of this 5ecurity In��rument�r the l�ote conflicts vvith applicable law�such confl�ct shall not affe�t other provisions af this Securi�y�rnstrument vr the Note which can be given�ff�ct with�ut the canfliG�ing prov�sian.�o this end th� provision.s of this Security Instrument and the Note are declared to be severable, FHA M�rtgage W1TH MERS-NE Revised 419fi uMP� VMP4hI�NE)(13�2}.D4 Vllolters Klwver F[nanciai Services q0334588Q18� QZ33 317 �510 Page 6 of 1D