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201107212 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 light to be reinstated if Lender has required immediate payment in fall 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 Security Instrument, Borrower shall tender in a lamp sum all amounts required to bring Borrower's account current including, to the extent they are obligations 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) 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 lime of payment or modification of amortization of the stuns sc,= -ed by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor iu hltce-est- Lvndtn .hall not be required to corruncnce proceedings against any suocossnr in interest or refuEe to extend time for payment or otherwise modify amortization . of the sums secured by this Security hns€rmnent by reason of any demand made by the original Borrower nr Borrower's successors in interest. Any forbcarmncc by T.ender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any rigin or remedy, 12. Successors and Assigns Bound; Joint and Several Liability; Co- Signers. 'flu. covenants and agreements of this Security instrument shall bind and benefit the successors and assigns of [,under and Borrower, subject 10 the lmovixum.c of paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who ca -Agnns this Security Instrument but tines not execute the Note: (a) is co- signing this Security Insnvment only Co mmlgagc, grant and convey that Borrower's interest in the Property under the terms of t17is Security 111en-Luri (h) is not personally obligated to pay he sums secured by this Security lnsu'umunl; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accolmmodations with regard to file terms of this Security Instrument or the Note without that Borrower's consent. 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail runless applicable law requires use of another method. The notice shall be directed 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 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 of cnt that any provision or clause of this Security Instrument or the Mote 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 Instrument. FHA Deed of Trust -NE 0451108883 VMP © 4]96 Wolters Kluwer Financial Services VMP4 R(NEJ (1105) Page 6 of 10