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�01106294 paid This Security Instrument does not authorize acceleration or foreclosure if not permitted by regulations of the Secretary. (e) Mortgage Not Insnred. Borrower agrees tLat if tUis Security Instrument and the Note aze not determined to be eligible for insurance under the National Housing Act within 6 0 DAYS from the date hereof, Lender may, at its option, require immediaLe payment in full of all sums secured by ��ity rn.Q+„�.+.�+r A written statement of any suthorized agent of the Secxetary dated subsequent w 6 0 DAYS from the date heteof, d�lining to insw'e this Security Instnmiettt and the Note, shall be desmed conclusive proof of such ineligibility. Nohvithstanding the foregoing, tUis option may not be exercisedby Lender when the tmavailability of insurance is solely due to Lender' s failure to remit a mortgage insurance premium to the Sec�'etary. 10. Reinstatement Bonower hes a right to be reinstated if Lender has required immediate payment in full because of Bonower' s failure w pay an amoimt due under the Note or tUis Security Instrument This right applies even after foreclosw�e proceedings are inslituted. To reinstate the Security Inslrument, Borrower shall tender ia a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligations of Borrower under this Secutity Instntment, foreclosure costs and reasonable and customary attorneys' fees and expenses properly associated with the foreclosure proceeding. Upon reinatatement by Bonower, this Security Instrument and the obligations that it secures shall remain in effect as if Lendet had not required immediate payment in full. However, Lender is not required to permit reinsfateme� if: (i) Lender has accepted reinstatement after the commencement of foreclosure praxedings wiUun two years immediately preceding the commencement of a current foreclosure proceeding, (ri) reinstatement will preclude foreclosure on differeat grounds in the fudire, or (iri) 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 sec�sed by this Security Instrument ganted by Lender to azry successar in interest of Bonower shall not operate to release the liability of the original Bonower or Bonower' s successors 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 amorti�ation of the s�s secvred by Uvs Security Inslrument by reason of any demand made by the original Bonower or Borrower's successors in interest Aay forbearanceby Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Snccessors and Asaigns Bonnd; Jo9nt and Several Liabllity; Co-Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of L,ender and Borrower, subject to the provisions of paragraph 9(b). Horrower's covenants and agreements shall be joint and severaL Any Borrower who co-signs Uvs Security In.4tnrment but does not execute the Note: (a) is casigning this Security Inshwnent only to mortgage, grant and comey that Bonower' s interest in the Property under the terms of this Se�wity Instr¢ment; (b) is not personally obligated to �y the sums secwed by this Security Instrumen� and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make azry accommodarions with regard to the terms of this Sectirity Instnmient or the Note without that Borrower's consenk 13. Noflces. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unle.ss applicable law requires use of another method The notice shall be dir� ta the Property Addtess or acry 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 addr� Lender designates by notice to Borrower. .Any notice provided for in this Security Insh�ument shall be deemed to have been given to Borrower or Lender when given as provided 'm this Paz'ag►'aPh. 14. Governing Law; Severabflity. This Security Instrument shall be govemed by federal law and the law of the jurisdiction in wlrich the Property is located In the evern tUat a�+ provision or clause of this Security Inshvment or the Note conflicts with applicable law, such conflict shall not affect other provisions of tUis Security Inshvmem or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Insh�ument and the Note are declared to be sevetable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and ofthis Security Instrument 16. Hazardons Snbstanc�. Bonower 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 allow anyone elae to do, anything affecting the Property that is in violation of any Eavironmental Law. The preceding two sentences sUall not apply to the presence, use, or storage on the Property of small quantities of Ha�dous Substances that aze geaerally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender writtea notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private pazty involving the Propetty and any Hazardous Substance or Environmental I.aw of wlrich Bortower has actual knowledge. If Borrower leazns, or is notified by any governmental or regulatory authority, that azry removal or other remediation of any Hazardous Substances affecting the Properiy is n�, Borrower shall promptly take all nec�saty remedial actions in accordance with Environmental Law. As used in this pazagraph 16, "Hazardous Substances" aze those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, ather flammable or toxic petrole� products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in thia patagraph 16, "Enviroamental Law" means federal laws and laws of the jurisdiction where the Properiy is located that relate to health, safety or enviro�ental protection. FHA NEBRASKA D� OF TRU3T - M ERS �e�e � Nm01Z.FHA 05/23/11 Page 4 of 7 www.dovnagk.wm �I�I� I�II� � II� I I�I �� I I IIIIII II��