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200207831 <br />There may be only one designated nolicc address under this Security Instrument at anyone time. Any <br />notice to Lender shall be given by delivering it nr by mailing it by first class mail to Lender's address <br />staled herein unless Lender has designated another address lz notice to Borrower Any notice or <br />connection with this Security Instrument shall not. be deemedto have been given to Lender until actually <br />received by Lender. If any notice raryiredby this Security Inslrumuntis also required under Applicable <br />Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security <br />Instrument. <br />16. Governing Law; Severability; Rules (if Construction. This Security Instrument shall be <br />governed by federal law and the law of the jurisdiction in which the Property is located. All rights and <br />obligations contained in this Security Instrument are subject to any requirements and limitations of <br />Applicable Law, Applicable Law might explicitly or implicitly allow the parties to agree by contract or it <br />might be silent, but such silence shall not be construedas a prohibition against agreementby contract. In <br />the event that any provision or clause of this Security histrumentor the Note conflicts with Applicable <br />Law, such conflict shall not aflbct other provisions of this Security Instrumentor the Note which can be <br />given effect without the conflicting provision. <br />As used in this Security TnslrumenC (a) words of the masculine gender shall mean and include <br />corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and <br />include the plural and vice versa; and (c) the word 'may" gives sole discretion without any obligation to <br />take any action. <br />17. Borrower's Copy. Burrower shall be given one entry of the Note and of this Security Instrument. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section IS, <br />' Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited <br />to, those beneficial interests trensferredin a bond for deed, contra,( for deed, installment sales contract or <br />escrow a reement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any part of the Property or any Interestin the Property is sold or transferred(or of Borrower <br />is not a naturalperson and a beneficial inlcrestin Borrowers sold or Iransferred)withoul Lender's prior <br />Written consent, Lender may require immediate payment in full of all sums secured by His Security <br />Instrument. However, this option shall not be exercised by Lender d Sudn exercise is prohibited by <br />Applicable Law. <br />It Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a period of not Tess than 30 days from the date the notice is given in accordancowith Section 15 <br />within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay <br />these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrument without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br />Borrower shall have the right to have enforu:mentot this Security Instrummtdiscontinued at any time <br />Prior to the earliestoC (a) five days before sale of the Property pur airmto any power of sale containedin <br />this Security Instrument; (b) such other period as Applicable Law might specify for the terminabnn of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. 'those <br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security <br />lnstrumentand the Note as if no accelerationhad occurred; (b) cures any default of any other covenants or <br />agrcements,(e) pays all exponacs lhcurred in enforcing this Security hnstrument,including, but not limited <br />to, reasonable attorneys' fees, property inspection and valuation fees, and other fees Incurred for the <br />purpose of protecting Lender's interest in the Property and rights under this Sectuily Instrument; and (d) <br />takes such action as Lender may reasonably require to assure that Lender's interest in the Property and <br />rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security <br />Instrument, shall continue unchanged. Lendeunay require that Borrower pay such remstatementsums and <br />expenses in one or more of the following forms, as selected by Leader: (a) cash; (b) money order; (c) <br />certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon <br />an institution whose deposits are insured by it federal agency, instrumentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinsiatemenlby Borrower, this Security hhstrunnentand obligations sccuredhenhy <br />MPNE7770(12 /00) 1 041- 43532 8-4 enain _&;U*l� <br />(=NE) i000si rya =>> � in Form 302(3 1101 <br />w <br />