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MAR.11.2002 10 :28RM N0.476 .P.35i67 ". "' <br />200203008, <br />requires otherwise, The notice address shall be the Property Address unless Borrower has <br />designated a substitute notice address by notice to Lender. Borrower shall promptly notify <br />Lender bf Borrower's change of address. If Lender specifies a procedure for reporting <br />Borrower's change of address, then Borrower shall only report a change of address through <br />that specified procedure, There may be only one designated notice address under this <br />Security, Instrument at shy one time. Any notice to Lender shall be given by delivering it or <br />by malllhg it by first class mail to Lender's address stated herein unless Lender has <br />designated another address by notice to Borrower. Any notice in connection with this <br />Security Instrument shall not be deemed to have been given to Lender Until actually <br />received by Lender. If any notice required by this Security Instrument is also required <br />under Applicable Law, the Applicable Law requirement will satlsty the corresponding <br />requirement under this Security Instrument, <br />16, Governing Law; Severablluy; Rules of Construction, This Security Instrument shall <br />he governed by federal law and the law of the jurisdiction in which the Property is located. <br />All rights and obligations contained in this Security Instrument are subject to any <br />requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly <br />allow the parties to agree by contract or it might be silent, but such silence shall not be <br />construed as a prohibition against agreement by contract, In the event that any provision or <br />clause of this Security Instrument or the Note conflicts with Applicable Law, Such conflict <br />shall not affect other provisions of this Security Instrument or the Note which can be given <br />effect without the conflicting provision, <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and <br />include corresponding neuter words or words of the feminine gender, (b) words in the <br />singular shall mean and include the plural and vice versa; and (c) the word "may" gives <br />sole discretion without any obligation to take any action, <br />17, Borrower's Copy, Borrower shall be given one copy of the Note and of this <br />Security Instrument. <br />1e, Transfer of the Property or a Beneficial Interest In Borrower, As used in this <br />Section 18, 'Interest in the Property" means any legal or beneficial interest in the Property, <br />Including, but not limited to, those beneficial interests transferred in a bond for deed, <br />contract for deed, installment sales contract or escrow agreement, the intent of which Is the <br />transfer of title by Borrower at a future date to a purchaser. <br />If all or any part or the Prop" or any Interest in the Property is sold or transferred for <br />if Borrower Is not a natural person and a beneficial interest in Borrower Is sold or <br />transferred) without Lender's prior written consent, Lender may require immediate payment <br />In full of all sums secured by this Security Instrument, However, this option shall not be <br />exercised by Lender If such exercise is prohibited by Applicable Law, <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The <br />notice shall provide a period of not less than 80 days from the date the notice is given in <br />accordance with Section 15 within which Borrower must pay all sums secured by this <br />Security Instrument. If Borrower fails to pay these sums prior to the expiration of this <br />period, Lender may invoke any remedies Permitted by this Security Instrument without <br />further notice or demand on Borrower. <br />8141713 Rev 11/09/00 <br />Pape 13 of 18 Inl1 <br />v <br />FORM 3a2e 1101 <br />