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201100053 not be exercised hy Lender whcn thc unavailabiliiy of insurance is solely due to Lender's failurc to rcmil a mc�rtgage insurance premium to the Secret�ry. 10. Reins#atement. Borrower has a right to be reinstated if Lencicr has r�yuir�d immediaic: payment in full hecause of Bc�rrower'� failure to pay an amount due under the Note or this Securi .ty Inslrumcnt. This right applics cvcn after fc�reclosure proceedings are instituted. To reinstate t�te Securlty Instz�ument, Borrowcr shall tendcr in a lump sum all amounts required lo bring Borrower's �ccount current ine]uding, to the extcnt ihcy arc oblig�tions of Borrower under this Securily Instrurnent, forcclosure costs and reasonable and cusiomary altorncys' fces and expenses properly associated with the forcclosurc proceeding. iJpon reinstatc:rnent by Borrowcr, ihis Sccurity Instrument �nd the obligations that it secures sha.11 remain in el�ect �s if Lender had not. rcquircd immediatc payment in full. However, Lender is nat required to permit reinstatement 'rf: (i) Lender has acceptcd reinstatcmcnt aflcr ihe commenccment of foreclosure proceedings wit}�in two years immedi�tely preceding the commenccmcnt of a currcnt forcclosure proceeding, (ii) reinstatement wi 11 preclude foreclosure on different grounds in the future, or (iii) rcinstatcment will adversely lffect the prinrity nt'the lien created by this Security Instrument. 11. Borrower Not Released; Forbearance By Lender Nnt a Waiver. Extension of the time of payment or moditication of amortization of thc sums sccured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the origirtal Borrower or Borrower's successor in interest. Lender shall not be r�:quircd lo commence proceedings �gainst any successor in interest or rcfuse to extend time #or payment or othcrwisc modify amortization of the sums securecl hy this Sccurity Insirumcnt by reason ol any dcmand made hy the original Borrowcr or Borrower's successors in interest. Any forb�arance by I,cndcr in exercising any right or remedy shall noi bc a waiver of or preclude the exercise of any right or remcdy. 12. Successors and Assigns Bound; Joint and Several Liability; Co-Signers. '1'hc covenant�ti and agreements of this Security Instrum�nt 5ha11 bind and benef t lhe successors and assigz�s ot' Lender and Borrower, subject to the provisions of Paragraph 9(B). Borrowcr's covenants and agreements sha11 he joint and several. Any �3orrower who co-signs this Security Insttumeni bul docs not execute the Note: (a) is co-signing this Security Instrumcnt only to mortgage, grazat and convey that Borrawcr's inicrest in the Property under the terms of this Secutity Instrumcnt; (b) is not personally obligatecl to pay thc sums securcd by this Security Instrument; and (c) agrccs 1.hat Lcndcr and any othcr }3orrowe:r may agree to extend, znodify, forbcar or make �ny accommodations with regard to thc terms of this 5ecurity Tnstrument or the Note without that Borrowcr's consent. 13. Notices. Any notice to Borrower provided for in this Sc�urity Instrument shall be given hy delivering it or by mailing it hy first class rnail unless a}�plicable law requires use of' anothcr mcthod. �1'he notice shall be direcicd to the Property Address or any othcr address Borrower designates by notice to Lcndcr. Any notice to Lender shall be given by first class znail to Lendcr's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Insirument shall be deemed to have heen given to Borrower or Lcnder when givcn as providcd in this paragraph. 14. Governing Law; Severabili#y. This Security Instrumcnl sh�ll be governed by Federal law and the law of the jurisd.iciion in which the Property is located. Tn the event that any provision or clause of this Security Instrument or the Notc conllicis with applicable law, such contlict shall not affcct other provisions of this Security Instrument or the Note which can be given cffect without the conf7icting provision. 1`o ihis cnd ihc provisions of this Security InsLrumcnt and the Notc arc dcclared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy c�f ihc Nolc and oFChis Sccutity InSirumcni. 16. Hazardous Substances. Borrower shall not cause or permit the pr�scncc, usc, disposal, Storage, or rcicasc of any Hazardous Suhstance;s on or in ihc Property. Borrower shall not do, nor dJlow anyonc clsc to do, anything affccting lhc Property that is in violation of any Envrronmental Law. The preceding two scntcnces shall not apply to the presence, use, or storage on the Properly of small quantities of Hazardous Suhstances that arc gcnerally recognizcd to bc appropriaic lo norm.al residcntial uses and to maintenance of the Propez�ty. HCFG-00703 FHA beed of Trust-NE Revised 4/56 VMP� Wolters KluwerFinancial Services 201012294A.0.0.4002-J201��902Y Page 5 of8 •7418910216'