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200206274 (e) Mortgage Not Insured. Borrower agrees that should this Security Instrument and the Note secured thereby not be eligible for insurance under the National Housing Act within 60 days from the dam hereof, Lender may, at its option and notwithstanding anything in paragraph 9, require immediate payment in full of all sums secured by this Security Instrument A written statement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof, declining to insure this Security Instrument and the Note secured thereby, shall he dccmcd conclusive proof of such ineligibility. Notwithstanding the foregoing, this option may not be exercised by Lender when the unavailability of insurance is solely clue to Lender's failure to remit a mortgage insurance premium to the Secretary. 10. Reinstatement. Borrower his a right to be reinstated if Lender has required immediate payment in fill because of Borrower's failure to pay an amount due under the Note or this Security Instrument. 1 his right applies even after foreclosure proceedings are instituted. 'I 'o reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations of Borrower under this Security Instrument, hired usurc ahsts and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding_ Upon reinstatement by Borrower, this Security Instrument and the obligations that it secures shall remain in affect as it Lender had not required immediate payment in full. However, Leander is not required to permit reinstatement if (i) Lender has accepted reinstatement after the commencement of foreclosure proceedings within two years immediately preceding the commencement of a current foreclosure proceeding, (it) reinstatement will preclude foreclosure tin diflereal grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time of payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate lo release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for puynhcnl or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Burrower; successors in interest Any Rahearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Go- signers. The covenants and agreements of this Security instrument shall hind and benefit the Successors and assigns of Lender and Borrower, subject to the provisions of paragraph 9.b. Borrowers covenants and agreements shall be joint and several. Any Borrower who cu -signs this Security Instmment but does not execute the Note; (a) is cu- signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the properly under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument, and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrowers consent 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing a by first class mail unless applicable law requires use of another method. The notice shall be directed m the Property Address of any other address Burrower dcsignadcs by notice to Lender. Any notice to Lender shall be given by first -class mail to Lenders address stared herein or any address Lender designates by notice to Borrower Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given a, provided in this paragraph. 14, Governing Law; Scverability. This Security Instrument Shall he governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note confbem with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of this Security Instrument 16. Hazardous Substances. Burrower shall nut cause or permit the presence, use, disposal, storage, or release of any Ilnzardous Substances on or in the Property _ Borrower shall not do, nor allow anyone else to du, anything almeting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or stemma tin tiro Properly of small quantities of Hazardous Substances that are generally recognized to be appraprinte re normal residential uses and to maintenance of the Property _ Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge_ if Borrower learns, or is notified by any governmental of regulatory authority that any removal or other remediabon of any Hazardous Substances affecting the Property is necessary, Borrower Shall promptly take all necessary remedial actions in accordance with Frivironmerml Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances gasoline, kerosene, other Flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or furmaldchyde, and radioactive materials. As used in this paragraph 16, `Environmental Law' cream, federal laws and laws of thejurisdiction where the Property is located [hat reline to health, Safety or environmental protection. rge4afa