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201205884 <br />designated a substitute notice address by notice to Lender. Borrower shall promptly lioLify Lender of <br />Borrower's change of address, If Lender specifies a procedure for reporting Borrower's change of address, <br />then Borrower shall only report a change of address through that specified procedure, <br />There may be only one, designated oolice address under this Security Instrument at any one time. Any notiec <br />to Lender shall be given by delivering it or by mailing it by first class mail to Leader's address stated herein <br />unless Lender has designated another address by notice to Borrower. Any notice in connection with this <br />Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If <br />any notice required by this Security InstruinQnt is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the corresponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by <br />federal law and [he law of theJurkdiction in which the Property is located. All rights and obligations <br />contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. <br />Applicable Law might explicitly or implicitly allow the parties to agree by contract Or it might be silent, but <br />such silence shall not be construed as a prohibition against agreement by contract. In the evQiit that any <br />provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such uoufflu shall <br />not affied other provisions of this Security Instrument or the Note which can be given effect wiihoul the <br />oonfliaing provision. <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding <br />nouwr words or words of the feminine gcndor; (b) words in the singular shall mean and include tire plural <br />and vice versa; and (c) the word "may" givessoic discretion without any obligation to talce ,my action, <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. <br />18, Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in <br />[lie Property" means any legal or beneficial interest in the Property, including, but no(. limited to, those <br />beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow <br />agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or [ratisferred (or if Borrower is no( a <br />natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior wriucn <br />consent, Lender may require inunediate payment in rall of all sums secured by this Security Instrument. <br />However, this option shall not be exerrised by Lender if such exercise is prohibited by Applicable Law, <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a <br />period of not less than 30 days from the dale the notice is given in accordance with Section 15 within which <br />Borrower must pay a 11 sums secured by this Security Instrument. If Borrower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke ,my remedies permitted by this Security Instrument without <br />further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower <br />shall have the right to have enforcement of this Security Instrument discontinued at any [line prior to the <br />earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security <br />Instrument; (b) such other period as Applicable Law might spceily for tire termination of Borrower's right to <br />reinstate; or (c) entry of ajudgment enforcing this SQcurity histiument. Those conditions are flua Borrowei: <br />(a) pays Lender all sums which then would be due luidor this Security Instrument and the Note as if no <br />acceleration had occurred; (b) cities any default of any other covenants or agreements; (o) pays all expenses <br />ineurred in enforcing this Security Instrument, including, but not limbed to, reasonable attorneys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />24001453 <br />NER RAS KA-si,,& r��ily-F�,ni. M.WFr.ddi. Mn UNIFORM INSTROM ENT F�,�, 3028 1!01 <br />VMP 0 VMPO(NE) (I X51 <br />Wdwr� KINw.r Flmindml P., 12 �[ 17 <br />