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�� designated a substitute• noEice address by notiee tn Lender. Borrower shall promptly notify Le�der of � Bonower's change of address. If Lender specifies a pmcedure fnr reporting Borrower's change af address, then Borrower shall only report a change of address through that specified procediue. There may be only one designated notice address under this Security Tnstrume� at any one time. Any notice to Lender shall. be given by deliverin� it or by mailing it by first class mail #o L�nder's address stated harein unless Lender has designated another address by natice to Borrower. A� natice in connectian with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice reqnired by this Security Insrivment is also required under Applicable Law, the Applicable Law requirement will satisfy the cozresganding requirement under this Securiry Instrument. 16. Governing l.aw; Severability; Rules of Construefion. This Securiry Instrument shall be governedby federal law and the la.w of the jurisdiction in which the Property is located. All rights and obligations eontained in this Secnriiy Ins�mnent are subject to any requirements and li.miiations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by coniract or if might be s�ent, but such silence shall not be construed as a prohibition agaiast agreement by coniract. In the event tl�at any provision or clause of this Security Instrument ar the Note conflicts with Applicable Law, such conf7ict shall not affect athex provisions Qf this Secuxity Instrument or the Note which can be given effect without the conflicting pmvasion. As used in this Security InstrumenC: (a) words of the masculine gender s}�a,ll mean a.nd inclucle corresponding nenter words or words of the feminine gender; (b} worcis in the singular sl�all mean and include the plvral and vice v�rsa; and (c} the woxd °may" gives sole discretion without any obligattion to take any action. 17. Borrawer's Copy. Borrower shall be given one copy of the Note and of fhis Security Instniment. 7 8. Transfer of the Property ar a Beneficial interest in �orrower. As used in this Section 18, "interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, conLract far deed, installment sales contract or escrow agzeement, the intent of w3rich is the transfer of fit]e by Borrower at a fntnre date to a purchaser. If all or any part of the P'zog�rty or azry Interest in the Property is sold or iransferred (or if Barrower is not a natuxai person and a beneficial interest in Borrower is sold or transFerred) without Lender's prior written consent, Lender may require immediate payment in �'ull of all sums secured by this Security Inshument. However, this option shall not be exercised by Lender if such exercise is prohibited by AppJacable Law. If Lendex exercises this ogtian, Lender shall give Borrower notice of acceleration. The notice s]iall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 wifh.in which Bozrower must pay all sums secured by this Security Instrument• If Borrower fails to pay these snms prior to the expiration of this period, Lender may invokc any remedies permitted by this Security Instrument without further notice or demand on Barrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certainconditions, Borrower cha11 have the right to hava enforcement of this Security Instrument discontinned at any time prior to the earliest of: (a) �ve days before sale of the Prog�xty pnrsuant to any power of sale contained in this Security Instrument; (b) such other geriod as Applicable Law might specify for the termination of Bo�crower's ri�ht to reinstate; or (c) entry of a judgment enforcing this Security Ins�ument. Those conditions are that Bonower: (a) pays Lendcr all sums which then would be due under this Security Izisstr�ment and the Note as if no acceleratian had occurred; @} cuzes any dafault of an.y other covenants ar agreements; (c) pays all expenses incnrred in enforcing fhis Security Instrumeut, including, but nat Iimited to, reasonable attomeys' fees, pmperty insPecfion and valnafion fees, and other fees incurred for the purpose of pratecting L.snder's interest ldEBHA3KA-5ingle Family-FanNe Mae/Freddie Mac UNIPORM INSTRUMENT - Fnrtn 3028 1101 � � VMP81Nq (11061.�a Woltere IQuwer Flrtanclel Servives PaBe 12 of 17