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200207229 (o) Mortgage Not Insured- Borrower agrees that should this Security Instrument and the Nom secured thereby not be eligible for insurance under the National Housing Act within 60 days from the data hnren[ Lender may, al 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 subsequcntm 60 days from thedate hereof, declining to insure this Security Instmmurn and the Note secured thereby, shall m deemed conclusive proof of such ineligibility. Notwithstanding the for going, this option may not be exercised by Lender when the unavailability of Insnancc is solely due to Lenders failure to remit a mor gagc insurance premium to the Sermon v. 10. Reinstatement, Borrower has a right to be reinstated if Lender has required Immediate payment In full because of Burrowers failure to pay an amount due under the Note Or (his Sccuriry Instrument This Tight applies even abet foreclosure proceedings am instituted- TO Terrence the Security Instrument, Borrower shall lender in a lump sum all amounts required to bring Borrowers account current including, in the extent they are obligations of Borrower under this Scarcity Instrument, foreclosure costs and reasonable and customary attorneys fees and expenses properly associated with the foreclosure proceeding. Upon manaammcnt by Borrower, this Security instrument and the obligations that it socures shall remain in effect s if Lender had net recurred immediate payment in full. However, Lender IS not required to permit reinstatement if: (i) Lender has accepecd reinstatement after the commencement of foreclosure proceedings within two Sears inatchately precedng the commencement of a current formlosurc proceeding, (it) reinstatement will preclude fbroclosare tan Mildnnt grounds in the future, or (in) reinstatement will adversely affect the prlodty of the lien created by this Security InstrumenL 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the him of payment or mudiBcalion of amortinnion of the sums seemed by this Security Inatnnnant granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the orignal Borrower or Borrower's sucrossor in Interest Lender shall not be repaired to cummenw procmdings against any maessm in Interest or refuse to extend time ITT puymenr or otherwise modify unionization of the sums secured by tins Sccuriry Instrument by rerun of any demand made by the original narrower or Borrower's succassoia In interest. Any forbearance by Lender nh 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; Co- signers. The covenants and agreements of this Security Insvumet shall bind and benefit the successors and assigns of Lender and BorOxcr, subject to the provisions of paragraph 9.b. Borrower's wvenana and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) IS co- signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the pmperry under the terms at this Isoclinic Inswment; it)) Is not personally obligated to pay the sums scented by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree m extend, modify, forbear or Hake any accomhnolazionS with regard to the terms of this Scantily lnwumcnt or the Note without that Borrower's consent. 13. Notices. Any notice to Borrower provided for In this Security instrument shall be given by delivering It or by mailing it by first class mail unless applimhlc law requires use of another method. The notice shall be directed to the Property Address or soy usher address Borrower designates by notice to Loader. Any notice to Lender shall be given by treat class mail to folders address stated 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 in Hannover or Lender when given as provided in this paragraph. 11 Governing Law; Severabilily. 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 pmvnsnon or clause of this Sorority Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Seem ity Instrument or the Note which can he given effect without the conflicting provision In this end the Provisions of this Security Instrument and the Note arc declared in be Severable. 15, Borrower's Copy. Borrower shall be given one conformed copy of this Security Instrument. 16. Hassrduus Substances. Bormwa shall not cause ar permit the presence use, disposal, storage, or release of any Hazardous Substemes an or 'L the Property- Borrower shall not do, nor allow anyone else to do, anything affecting the Prapeny Nat is in violation of any Povironmental Law. The parceling two sentences shall not apply m the presence, Last, storage on the Propety of small quantities of Hazardous Substances that are generally arcognnzed to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Inciter written notice of Tiny investigation, claim, demand, lawsuit or other action by any soicraccanal at regulatory agency or private parry involving the Pmpeny and any Hazardous Substance or Environmeurai Law of which Bonuwer has actual knowledge- If Borrower learns, or is notified by any governmental or regulatory authority that any removal or other remediadon of any Hazardous Substances affecting the Property is necessary, Bornmcr .shall promptly take oil asosswr remedial actions in auuNmmc with Environmental Law_ As used in this puragmph 16, "Hazardous Substances' are more suhstances defined as toxic or hazardous substances by 1conammental law and the following substances: gasoline. kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials cuntarolng asbestos or formaldehyde, and radioactive materials. As used In this paragraph 16, 'Environmental Law" means federal laws and laws of the Irradiation where the Property 1s located that rclateto health Safety or emrnmmental protection. Pat,, 4A6