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20�105247 not be eatercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insura,nce premium to the Secretary. 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 amount due under the Note or this Security Instavment. This right applies even after foreclosure proceedings are instituted. To reinsta.te the Security Instntment, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligafions of Borrower under this Security Instrument, foreclosure costs 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 effect as if Lender had not required immediate payment in full. However, Lender 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, (ii) reinstatement will preclude foreclosure on different grounds in the future, or {iii) reinsta.tement 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 Insttument granted by Lender to any successor in interest of Borrower sha11 not operate to 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 payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance 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; Co-Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of Paragraph 9(B}. Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this 5ecurity Instrument but does not eacecute the Note: (a) is co-signing this Security Instntment only to mortgage, grant and convey tha.t 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 ttris Security Instrttment or the Note without that Borrower's consent. 13. N otices. Any notice to Borrower provided for in this Security Instntment shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Bonower designates by notice to Lender. Any notice to Lender sha11 be given by first class mail to Lender's 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 to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrument shall be 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 Insttument or the Note conflicts 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 the Note and of this Security Instivmen� 16. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor a11ow anyone else to do, anything affecting the Property that is in viola.tion of any Environmental Law. The preceding two sentences sha11 not apply to the presence, use, or storage on the Property of sma.11 quantities of Hazardous Substa.nces that aze generally recognized to be appropriate to normal residential uses and to maintenance of the Property. HCFG-00703 FHA Deed ot Truat-NE VMP� Wollera Kluwer Financial Services 201107114.0.0.0.4002-J2D110224Y Revised 4t96 77H0 Page 5 of 6