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201108�33 Security Instrument. A written statement of any authorized agent of the Secretary dated subsequent to 60 days from the date hereof, declining to insure this Security Inshvment and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, th9s 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 Secretary. 10. Reinstatement. Borrower has a right to be re9nstated if Lender has required immediate payment in fiill because of Borrower's failure to pay an amount due under the Note or this Securlty Instrument. This right applies even after foreclosure proceedings are instituted. To reinstate the Security Instrument, Borrower shall tender in a lump sum all amounts required to bring Borrower's account current including, to the extent they are obligattons of Borrower under this Security Instrument, foreclosure costs and reasonable and customary attomeys' 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, (�i) 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 time of payment or modiflcaHon of amortization of the sums secured by this Securlty Instrument granted by Lender to any successor in interest of Bonower shall 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 rlght 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, sub,ject to the provisions of paragraph 9(b). Borrower's covenants 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 Instrument only to mortgage, grant and convey that Borrower's interest in the Properly under the terms of this Security Instr�ment; (b) is not personally obligated to pay the sums secured by this Securtty Instrument; and (c) agrees that Lender and any oWer Borrower may agree to extend, modiiy, forbear or make any accommodations with regard to the terms of this Security Inshvment or the Note without that Borrower's consent. 13. Notices. Any notice to Bonower provided for in this Securlty Instivment shall be given by deliveriug 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 noflce 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. Goveming Law; Severability. This Security Insmtment shall be governed by Federal law and the law of the jurisdicHon in which the Property is located. In the event that any provision or clause of this Security Inshvment 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 t1�is end the provisions of this Security Inshvment and the Note are declared to be severable. 1004NNE 000687799958 91/21l2011 07:OSem FHA Mortgage WITH MERS-NE ReWsed 4/96 Amended 7/04 VMP � VMP4N(N� (1105).00 Wolters Kluwer Flnancial Services Paga 8 of 10