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200306256 There maybe only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice of founectionwith this Security Instrumentshall not be deemedto have been Oven to Lender until actually received by Lender. If any notice required by this Security Instrumentis also required under Applicable Law, the Applicable Law requiremeutwill satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property in 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 agree muntby contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrnmentor the Note which can 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; pn) 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. Borrowershall be 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, "Interest in the Property" means any legal or beneficial intereslin the Property, including, but not limited to, those beneficial interests transfcrredin a bond for deed, contract for decd, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. It all or any part of the Property or any Interestin the Property is sold or transferred(or d Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred)withoul Lender's prior written consent, Lender may require immediate payment in full of all sums seemed by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. R 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 accurdancewith Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails 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. If Borrower meets certain conditions, Borrower shall have the right to have cnf roxmientof this Security Instrument discontinued at any time prior to the earliest of (a) five days before sale of the Property pursuamto any power of sale comainedin this Security Instrument (b) such other period as Applicable Law might spccdy for the termination of Borrower's right to reinstate; or (c) entry of a judgrem enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrumemand the Note as if no aceelerationhad occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited lo, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that l,endCT a interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secrucdby this Security Instrument, shall continue unchanged. Lendermay regnirethat Borrower pay such relmtatem m entsus and expenses in one or more of the following forms, as selected by Lender: a) cash; (b) money order, (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits me insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon rumstatementby Borrower, this Security instrumentand obligations secured hereby MFNR7770(t2 /00) 1 0411034261 6•/ OP -6A(NE) Form 3028 1101 m (`