|
200302633
<br />Them may be only ono designamll notice address under this Security Instrument at any one time. Any
<br />notice to Lender shall he given by delivering it or by mailing it by first class mail to Lender's address
<br />stated herein unless Lcndcr, has designated another address by notice to Borrower. Any notice in
<br />conncdion with this Scemm Instrument shall not be deemed to have been given to Lender until actually
<br />received by lender. It soy notice required by this Security Instrument is also required under Applicable
<br />Law.. the .Applicable law rcqula-mcnt will nmisfy the corresponding requirement under this Security
<br />Instrument.
<br />16. Conrring Low; Severabilih'; Rules of Construction. This Security Instrument shall be
<br />governed by federal late and the law oI dm Jurisdiction in which the Property is located. All rights and
<br />obligations coietimed in this Security IIISrW nenL arc subject to any requirements and limitations of
<br />Applieahle L.m, Applicable Law might expliruly or implicitly allow the parties to agree by contract or it
<br />might be silent hilt such shot, shall not he construed as a prohibition against agreement by contract In
<br />the e,,al that any provision or clause of this Security Instrument or the Note conflicts with Applicable
<br />Law, such conllict shall not att<ct other provisions of this Security Instrument or the Note which can be
<br />given effect without the -Or III, M ne provision_
<br />As used iu this ticmrn ty Instrument (at words of the masculine gender shall mean and include
<br />corresponding ncumr words or words of the lmilmi c gender; (b) words in the singular shall mean and
<br />include the thud and dice vcnsae and (c) the sc ad "rimy" gives sole discretion without any obligation to
<br />take any action.
<br />17. Borrusacr's Copy. Borrower slim: be sieen ouc copy of the Note and of this Security Instrument.
<br />I8. Tra nsl er of the Property or o Bcucfwial Interest in Borrower. As used in this Section 18,
<br />"Inicresl in the Piope' means auc legal or brnclicial interest in the Property, including, hornet limited
<br />lo, rhos, lmmia,el in¢resas m,I,,rcd in a Is d lot deed, contract for deed, installment sales contract or
<br />escnn, uercrrurw, the ..ucni ,a ckith is the Ii. Star of title by Borrower at a future date to a purchaser.
<br />hall nt 1:1\ part th, l'i, wily or I n I xtest in the Property is sold or transferred (or if Borrower
<br />is net it natural person and a h,,Micial tin ..... iu Borrower is sold or transferred) without Lender's prior
<br />wriacn consent. Lender ntav require inimed,re payment in full of all sums secured by this Security
<br />Instmmcut. Ilowcvcr, this oplmn shall not he exercised by Lender if such exercise is prohibited by
<br />Applicablc 1 toe.
<br />It I mitki exercise this option, Lender shall give Borrower notice of acceleration. The notice shall
<br />por, ule it period of not less than 3() divs Gant the date the notice is given in accordance with Section 15
<br />within which Borrower must n:v ell sums se,ut d by this Security Instrument. If Borrower fails to pay
<br />these sums prior to the c,p,w1 jon of this period, Lender may invoke any remedies permitted by this
<br />Security Instrument without lusher notice or demand ea Borrower.
<br />19. Ihrrrmver's (tight nt Reinstate Alter Acceleration. If Borrower meets certain conditions,
<br />Borrower shtdl have the n"'hi to have enlormuma of this Security Instrument discontinued at any time
<br />prior to the c:trlicst ol'. m) lice ([,I%, betie, sale of the Property pursuant to any power of sale contained in
<br />this Security h ,tai mmn. to such other period as Applicable Law might specify for the termination of
<br />Borrower's ...eht m reinstate: or Ic) ,itp nt a judgment enforcing this Security Instrument. Those
<br />conditions arc (hat Borrower I: t pays I;.nder all sums which then would be due under this Security
<br />Instrummit and the Nom us II no acaoleratton hurl occurred; (b) cures any default of any other covenants or
<br />agreements: lu) pays all expenses iuwnvd iu cttlorcing this Security Instrument, including, but not limited
<br />lo, reasonable attoinevd fcc�_ property hopccdun rend valuation fees, and other fees incurred for the
<br />put pose nl ptrnm r`
<br />ing I cides interest in the Property and rights under this Security Instrument; and (d)
<br />takes such action as I coder turn roasonuhly raquire to assure that Lender's Interest in the Property and
<br />rights under this See urtn Instrumcul_ and Ilon,, sor's obligation to pay the sums seemed by this Security
<br />Instrument, shall continue u ii, itanpid. Lender orac rcyuitc that Borrower pay such reinstatement sums and
<br />expcuscs in t , or mo: of ih, r,dlowina Ibti:.. as selected by Lender. (a) cash; (b) money order, (c)
<br />certified ehu ,. bank ci 11 L11 tc s1111 d Lh „r cashier's check, provided any such cheek is drawn upon
<br />M institution ,chose dcpoeiLs arc etsurc l he :...deral anency, instrumentality or entity; or (d) Electronic
<br />Ponds l'mnsl I pm cis , iaiii by B to, rr. this Security instrument and obligations secured hereby
<br />� 1
<br />� 6 W B . n i t s Initials VC
<br />U
<br />Form 3026 1/01
<br />
|