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200206065 There may be only one designated notice address under this Security Instrument at any one time, Any .tire to Lender shall be given by delivering it or by mailing It by Bret class mail to Lender's address stated hereto unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by dds Security Instrument Is also required mother Applicable Law, the Applicable Law requirement will salisfy the corresponding requirement under this Sernrity Instrument. 16. Governing L.aw, Swrrability; Rules 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 obli ,lations contained In this Security Instrument are subject to any requirements and limitations of App icable Law. Applicable Law might explicitly or implicitly allow t he parties to agree by contract or it might be silent, but such silence sha(I col be construed az a prohibition against agreement by contract. In The event that any provision or clause of Ibis Semi ry Instrument or the Note conlBcis with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or 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 care,sponding neuter words or words of the feminine gender; (b) 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. Borrower shall be given one ropy of the Note and of this Security hutrumen(. 19. Transfer of the Property or a BmeGcial Interest in Borrower. As evil in this Sermon 16, "Inleresl in the Property" means any legal or beneficial interest in the Properly, including. but not limited (o, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the Intent of which is the transfer of title by Borrower at a future dale to a purchaser. If all or any part of the Properly or any ]merest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest m Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall nor he emnelmd 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 Is within which Borrower must pay all sums secured by (his Security Instrument, If Borrower fails to pay these sums prior to die expiration of this period, Leader may invoke any remedies permitted by this Security Instrument without further notice m demand can Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets reroon conditions. Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of; (a) five days before sale of the Property pursuant to any power of sale contained to this Security Instrument; (b) such other period as Applicable Law might specify for the termination of Burrower's right to reimnale; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which (hen would be due under this Security Instrvnnent and the Note as if no acceleration had occurred; (b) cores any default of any other covenants or agreements; (c) pays all expenses incurred m enforcing this Security Instrument, including, but not limited lo, reasonable allorneys' fees. property inspection and valuation fees, and other fees incurred for the purpose of prowling Lender's interest in the Property and rights .der this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Properly and rights under this Security Instrument, and Borrower's obligation to pay die sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such remstatemeni sums and expenses in one or more of the, following forms, as selected I Lender: (a) cash; (b) money order: (c) remitted check, bank check. treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are Insured by a federal agency, instmmenwity or entity: or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, (his Security Instrument and obligations secured hereby F.3028 1101