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200301073 There maybe only one designatednotice address under this Security Instramentat any one time. Any notice to Lender shall be given by delivering it or by mailing it by fast class mail to Lender's addressstatedherein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument" not be dee nedto have been given to Lender until actually receivedby Lender.11 any notice requiredby this Security Instrumentis also requiredunderApplicableLaw, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrumentshall 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 requirementsand limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contractor it might be silent, but such silence shall not be construed as a prohibition against agreememby contract. In the event that any provision or clause of this Security Instrumentor the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrumentor the Note which can be given effect without the Security Instrument (a) words of the masculine gender shall mean and include words or words of the feminine gender; (b) words in the singular shall mean and vice versa; and (c) the word "may" gives sole discretionwithout any obligation to take any amen. 17. Borrower's Copy. Borrowersballbe given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interestin the Property" means any legal or beneficial interestin the Property,including, but not bmitedto, those beneficial intereststransferredin a bond for deed, contractfor deed, installmentsales contractor escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any parrot the Propertyor any Interestin the Propertyis sold or transferred(or if Borrower's not a naturalpersonand a beneficialinterestin Borroweris sold or transferred)without Lender's priorwritten consent, Lender may require immediatepayment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Appplicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleranon.The notice shall provide a period of not less than 30 days from the date the notice is given in accordancewith Section 15 within which Borrowermust pay all sums securedby this Security Instrument.If Borrowerfails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permittedby this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcementof this Security Instrumentdiswntinuedat any time prior to the earliest of: (a) five days before sale of the Propertypursuant to any power of sale containedin this Security Instrument(b) such otherperiodwApplicableLaw might specify for the terminationof Borrower's right to reimtate;or (c) entry of a judgment enforcing this Security InstrumenLThose conditions are that Borrower: (a) pays Lenderall sums which thenwould be due underthis Security Instrumentand the Note as if no accelerafionhad occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurredin enforcing this Security Instrument,including, but not limited to, reasonableattorneys' fees, propertyinspection and valuation fees, and other fees incurredfor the purpose of protecting Lender's interestin the Propertyand rights under this Security Instrumentand (d) takes such action as Lendermay reasonablyrequireto assure that Lender's interestin the Propertyand rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument,sball continue unchanged. Lendermay requirethatBmrowerpay such reinstatemenhums and expenses in one or more of the following forms, as selectedby Lender: (a) cash; (b) money order; (c) mrtifiedcheck, bank check, treasurer'scheck or cashier's check, provided any such check is drawnupon an institutionwhose depositsareinsuredby a federal agency, instrumentalityor entity; or (d) Electronic Fonds Transfer. Upon reinstatementby Borrower, this Security Instrumentand obligations seemed hereby shall remain fully effective as if no accelerafionhad occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. Me 4:317611 -e(NE) P.o APPL 4:8010075391 Pepe It&,S hftw *^/�- V), ri. LOAN 4:8010075391 Form 3028 1/01