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_ � � ; _,_ � � � a � paid. This Security Instrument dces not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. (e) Mortgage Not Insnred. Borrower agrees that if this Security Inshvment and the Note are not determined to be eligible for insurance under the National Housing Act within 6 0 DAYS &om the date hereaf, I.ender may, at its option, reyuire immediate payme� in full of all sums secured by this Security Instrument. A written statement af any suthorized agent of the Secretary dated subsequeat to 6 0 DAYS from the date hereof, declining to insute this Security Inshvment and the Note, shall be deemed conclusive proo£ of such ineligi'bility. Notwithstanding the faregoing, this option may not be exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance premium to the Sectetary. 10. Reinstatement Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an aznouat due uader the Note or this Security Instrument This right applies even after foreclositte proceedings aze instituted. To reinstate the Security Insuument, Borrower sba11 tender in a lump sum all amounts required to bring Bonower's account current including, to the extent they are obligations of Borrower tmder this Sectirity Insdntment, foreclosure costs and reasonable and customaiy attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Borrower, t7vs 5ecurity Instrument and the obligations that it sec�ues shall remain in effect as if Lender had not required immediate payment in full. However, Lender rs not req¢ired to permit reins�ent if (i) Lender has accepted reinstatement after the commencement af forecla�nre pr�eedings wit7vn two years immediately prece�ing the commencement of a curtent forecloswe proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the fuhue, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instr¢ment. 11. Borrower Not Released; Forbearance by Lender Not a Waiver. Extensioa of the time of payment or modification of amortization of the sums secured by Uris Security Instr�ment granted by Lender to any successor in iaterest of Borrower shall not ogerate to release the liability of the original Borrower or Bortower' s successors in interest Lender sball not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums sec�ued by this Security Instrument by reason of �y demand made by fhe origiaal Bonowet or Borrower's successors in intetest, tlny forbearanceby Lender in exetcising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Snccessors and Assigns Bonnd; Joint and Several Liability; Co-Signers. The covenanis and agreements of ihis Se�urity Instrument shall bind and bene&t the successors and assigus of Lender and $onower, subject to the provisions of paragcaph 9(b). Borrowet's covenants and agreements shall be joint and several. Any Borrower who oo-sigos this Security Instrument but does not execute the Note: (a) is co-signing tLis Security Inshumeat only to mortgage, granY and convey that Baarower's interest in the Properiy under the terms of tivs Security Inshument; (b) is not personally obligated to pay the sums secured by tivs Security Instrumen� and (c) agrees that Lender and any other Bonower may agres to extend, modify, forbear or make any accommodations witli regard to the teems of this Security Inshvment or the Note without that Borrower' s consen� 13. Notiecs. tlny notice to Bonower provided for in this Security Instrwnent shall be given by delivering it ot by mailing it by first ciass mail wless applicable law requires use of another method. The no6ce shall be ditected to the Property Address or aay other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender' s address stated herein or any address Lender designates by notice to Bonower. Any notice provided for in this Security Instrument shall be deemed to have besn given to Borrower or Lender when given as provided ia this paragraph 14. Governing I.sw; Severabil�itity. This Security Instrument shall be governed by federal Iaw and the law of the jurisdiction in wlrich the Ptaperty is located. In the event that any provision or clause of this Security Insttt�ment or the Note conflicts with applicable ]aw, such contlict shall not affect other provisions of this Security Instrument or the Note which can lx given effect without the conflicting provision To this end the provisions of this Security Instruaient and the Note aze de,claze3 to be severable. 15. Borrower's Copy. Borrower sha11 be given one conformed copy of the Note and of this Security Inshvment 16. Hazardona Snbstances. Bonower shall not cause or permit the presence, use, disposal, storage, or release of any Ha�rdous Suhstances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmetttal L.aw. The precedittg hvo sentences shall not apply to the presence, use, or storage on the Properry of small quanti6es of Hazardous Substances tbat are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, Iawsuit or other action by any governmental or regulatory agency or private pazty involving the Property aad any Ha�rdous Substance or Environmental I,aw of wlrich Borrowet has actual knowledge. If Bonower learns, or is notified by any governmental or regulatory suthotity, that any removal or other remediafion of any Hazardous Substances affecting the Properiy is necessary, Borrower shall promptiy take a11 necessary remedial actions in accordance with Envirommental Law. As used in tUis pazagraph 16, "Hazardous Sabstances" aze those substances deSned as toxic or ha�rdous subsfances by Enviromnental Law and the following substa¢ces: gasoline, kerosene, other flammable or toxic petroleum producis, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radiaactive maYerials. As used in this pazagraph 16, "Envirommental Law" means federal laws and laws of the jurisdiction where the Froperiy is located that relate to health, safety or enviroamental protection. FHA N�RASKA D� OF 7RUST - MERS NmOTZ.FHA 05/23/11 Page 4 oi 7 W � y eB�