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20�107150 exercised by Lender when the unavailability of insurance is solely due to Lender's failure to remit a mortgage insurance 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 Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Securiry Instrument, Borrower shall tender in a lump sum a11 amounts required to bring Borrower's account current including, to the extent they aze obligarions of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attomeys' fees and expenses properly associated with the for�losure 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 foreciosure proceeding, (u) reinstatement will preclude foreclosure on different grounds in the future, or (iii) reinstatement will adversely affect the priority of the lien created by this Security Instrument. 11. Borrower Not Rele+ased; Forhearance By Lender Not a Waiver. �te�sion of the time of paymenY or modificarion of amortizarion of the sums secur�i by this Security � gratrt� by Lender to any sucaessor in interest of Borrower shatl not operate to release the Iiabi�ity of tlie original Bonower or Bvrrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to eztend time for payment or otherwise modify amortization of the surns secured by this Security Instrument by reason of any demand made by the original Bonower or Bonower's successors in interest. Any forbearance by Lender in exercising any riglzt or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successoes and Assigns Bound; Joint and Several Liabiiity; �o-Signers. The covenants and agreements af 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 aovenants 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 �nstrument only to mortgage, grant and convey that Borrower's interest in the Property 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 B�rrower may agre,e to extend, modify, forbear or make any accommodations with regazd to the terms of this Security Instrument or the Note without that Borrower's consent. 13. Notices. Any norice to Bonower provided for in this Security Instnunent shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of auother method. The norice shatl be dire.cted to the Property Address or any 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 norice to Borrower. Any notice provided for in this Security Instnunent shall be deemed to have b�n given to Borrower or Lender when given as provided ia this paragraph. 14. Governing Law; Severability. This Security Instrument shall be govemed 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 Securiry Instrument 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 Secu.rity Instrument and the Note aze declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. FHA Deed of Trust-NE VMP p Wolters Kluwer Financial Servfces 4/98 VMP4R�NE) (1105) Page 6 of 10 i:.