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��,°��6��' 201108935 20�10698� paid. This Security Instrument does not suthorize acceleration or foreclos�ue if not petmitted by regulations of the Secretary. (e) Mortgage Not Inamed. Borrower agees that if Uris Security Instrument and the Note are 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 immediate payment in full of all sums se,cured by this Security Instrument A written statement of any authorized agent of the Sectetary dated subsequent to 6 0 DAYS from the date hereof, declining to insure this Security Instrument and the Note, shall be deemed conclusive proof of such ineligibility. Notwithstanding the foregoing, Uris aption may not be exercised by Lender when the unavailability of insuraace is solely due to Lender' s failure to remit a mortgage insurance premium to the Secretary. 10. Relnststement Borrower has a right to be reinstated if Lender has required immediate payment in full because of Borrower's failure to pay an amouat due under the Note or this Security Instrument Tlris right applies evea after foreclosure proceedings aze instituter�. To reinatate the Secutity Instrument, Borrower shall teader in a lump sum all amounts required to bring Bonower's account ciurent including, to the extent they are obligations of Bonower �mder this Security Instrument, foreclosure costs and reasonable and customary attomeys' fees and expenses properly associated with the foreclosure proceeding. Upon reinstatement by Bonower, this Security Instrument and the obligations that it sectrces 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 aftet the commeacement of foreclosure proceedinga wiUrin two years immediately preceding the commencement of a curre� foreclosure proceeding, (ii) reinstatement will preclude foreclosure on different grounds in the fud�re, or (iri) reinstatement will adverse�y affect the priority of the lien crested by this Seaurity Inshvment 11. Borrower Not Released; Forbearance by Lender Not a Waiver. Extension of the time af payment or modification of amorti�ation of the s�s seciued by this Security Instrument granted by Lender to azry successor in interest of Borrower shall not operate to telease the liability of the original Borrower or Borrower's successors in interest Lender shall not be required W commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amorti�ation of the sums sec�ued by tivs Security Instrument by reason of any demand madeby the original Borrower or Borrower' s successors in inter�t. Any forbearance by Lender ia exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Snccasors and Assigns Bonnd; Joint and Several Liebility; Co-Signers. The covenants and agreemenis of this Security Inshvment shall bind and benefit the successots and assigns of Lender and Bonower, subject to the provisions of paragraph 9(b). Borrower' s covenants and agreements shall be joint and several. Any Borrowet who co-signs this Security InsWment but does aot execute the Note: (a) is co-sigaing this Security Instrumeat only to mortgage, grant and convey that Borrowet' 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 Insh�ument; and (c) agrees that Lendet and any other Borrower may agree to extend, modify, forbear or make ai►y accommodations with regard to the terms of this Secutity Instrament ar the Note without that Borrower's conse�. 13. Noflces. Any notice to Borrower provided for in this Security Insh�ument shall be given by deliveting it or by mailing it by first class mail imless applicable law requires use of another method. T6e notice shall be dir� to the Property Address or azry other address Bonower 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�s Lender designates by notice to Borrower. E1ny notice provided for in this Security Inshvment shall be deemed to have been given to Borrower or Lender when given as provided 'm tUis paragraph. 14. Governing Law; Severability. This Security Inshvment shall be governed by federal law and the law of the jurisdiction in w}uch the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note wlrich can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note aze declared to be severable. 15. Borrower's Copy. Boaower shall be given one conformed copy ofthe Note and ofthis Security Instrument 16. Hazardous Snbstancea Borrower shall not cause or permit the presence, use, disposal, sWrage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything afFecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quanti6es of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Boaower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private pariy involving the Property and any Ha7ardous Substance or Emironmental Law of wirich Borrower has actual knowledge. If Boaower learns, or is notified by any govemmental or regulatary authority, that any removal or other remediation of any Ha�rrdous Substances affecting the Propetty is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this P�b'�aPh 16, "Ha�rdous Substances" aze those substances defined as toxic or ha�rdous substances by Environmental I,aw and the following substances: gasoline, kerosene, other flammable or toxic pelroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is lacated that relate to health, safety or enviromnental protection. FHA NEBRASKA D� OF TRUST - MERS NmOTZ.FHA Ob/23/11 Page 4 of 7 w�dc�cmagk�.�m oiaimio�i�iioiiaioniiiuioii�ii�