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:un -30 -00 13:14 From- T -001 P.21 F -139 200005488 connection witli this Security Tnst.rument shall not be deemed to have been given to Lender until nett►ally received by Lender. TI' any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Roles of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument 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. Tn the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict stroll not affect other provisions of this Security Instrument or the Note which cart be given effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender shall mean and include: corresponding neuter words or words of the feminine gender; (b) word, in the singular shall mean and include tlue plural and vice versa; and (c) the word "may" gives sole discreuon without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Trnnsfer or the Property or a Beneficial Interest in Borrower. 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, contract for decd, installment sales contract or escrow agreement, the ititerrt of which is the transfer of title by Borrower at it future: date to a purchaser. If all Or ally part of die property or any Interest in the Property is ,old or translerred (or if Borrower is riot a nawral 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 secured by thi; Security Tnstrume(lt. } {owever, this option shall 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 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fins to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. 11' Borrower meets cerwin condiuog3, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the eatrlic,t of: kit) 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 o1'B0rr0-,ver's Tight to reinstate; Ott (c) entry of a ,judgment enforcing this Security Instrument. Those conditions are 111-11, Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note its if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Imtrument, including, but not limited to, reasonable attorneys' Ices, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights trader this Security Instrument; and (d) takc, such action as Lender rrtly reasonably require to assure that Len(jer's interest in the Property and rights under this Security Instruntcrtt, and Borrower's obligation t) pay the sums secured by this Security Instrument, shall continue unchatngod. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank chmic, treasurer's cheek or cashier's check, provided any such check is drawn upon an instituuna whose deposits are insured by a federal agency, instrumewillily or entity; or (d) Llexonic Funds Transfer. Upon reinstatement by Borrower, this. 7200503,00 miciaw , (M- 6A(NE) (09061.02 Papal 11 of 15 Form 3028 3/99 a