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201309419 prepayment charge(whether or not a prepayment charge is provided for under the Note). Borrower'S acceptance of any such refun.d made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or ceder in connection with This Security Insinzaent must be in i Any notice to BOITOWer in connection.with this Security Instrument shall be deemed to have been given to _ Borrower when mailed by fist class mail or when actually delivered to Borro '&s notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to lender* Borru ca-shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for repot Borrower's change of address,then Borrower stall only report a change of address through that specified procedure. There may be only one deig ted notice address under this Security Tastrument at any one time. Any notice to Lender shall be given by delivering it or by Wiling it by first class mail.to Lender's address stated herein unless Lender has designated another address by notice to Borrower_ Any notice in connection with tInis Securitt Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also refired under Ap ilicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security:instrument 16. Governing Law; everab ity; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. Atl.rights and obligations contained in this Security Tnstrument are subject to any requirements and limitations of Applicable Law_ Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security hstru.ment or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be ven effect without the conflicting provision. As used in tit Security Instrument (a)words of the masculine gender shall mean and include corresponding neuter words or words of the f ti ; ri 7 gender; (b)words in the singular shall mean and include the plural and-vice versa; and(c)the word may gives sole discretion without any obligation.to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security hstrtnnent 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in thi.s Section 18, 'Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transfeued in a bond for deed, contract for deed, installment sales contract or escrow agreement the intent of which is the-transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or auy Interest in the Property is sold or transferred(or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred)without Lender's prior written. consent, Lender may require immediate payment in.full of all sums seamed by this Sect Instrument However,this option sl-raJi not be exercised by Lender if such exercise is prohibited by Applicable Law_ If Lender exercises this option, Lender shall give Borrower notice of acceleration_ The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 wig which Borrower must pay all ELI=secured by this Security Instrunaent If BOITu wui fails to pay these sums prior to the expiration of tins period, Lender n:ay invoke any remedies permitted by this Seeuti.ty Instrument without further notice or demand on Borrower. 19. Borrower's Rigbt to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument&continued at any time prior to the earliest of (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a)pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; cures any default of any other covenants or agreements;(c)pays all eves inured in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees,property inspection and vnl,i On fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this Security Instrumen.t and(d)takes such action as Lender may reasonably require to assure that Lender's interest in the Pro.erty and tights under this security ES S A—S rigEa rnE;y—Fannie ae Fre-ddle Mac UNIFORM INSTRUMBNIT Docklagic IEMDms- Form 3028 1/01 Page 10 of 14 mem_cfoemagic_corr •