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200310517 There may be only one designated notice address under this Security Instrument at any one time. Any not ice to Lender shall be t k cn by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lcrtcic: has designated another address by notice to Borrower. Any notice in connection with this Securit- Instrument shall not be deemed to have been given to Lender until actually received by Lender. IC any notice required by this Security Instrument is also required under Applicable L:m , the Applicable I.aw requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law. Severability; Rules of Construction. This Security Instrument shall be go\ crned by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Lav% might explicitly or implicitly allow the parties to agree by contract or it ml,-,ht be silent, but such silcncc shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Lim , such conflict shall not affect other provisions of this Security Instrument or the Note which can be gr, -,it effect without the conflictin 1 provision. As used in this SCCUI -ltv hnstrument: (a) words of the masculine gender shall mean and include corresponding neuter vwords or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice crsa: and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's CoPe. Borrower shall 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, "liitcrest in the Property" mcaus any legal or beneficial interest in the Property, including, but not limited to. hose beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or es row agreement, the intent ol' which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in 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 ILi,,irument. However, this ,)ption shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises tlli> option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less that 30 days from the date the notice is given in accordance with Section 15 v ithin 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, l3 mower shall have the right to have enforcement of this Security Instrument discontinued at any time pi nor to the earliest of: (a) I I-. c days before sale of the Property pursuant to any power of sale contained in th Security Instrument: (b such other period as Applicable Law might specify for the termination of &grower's right to rcilata:e: or (c) entry of a judgment enforcing this Security Instrument. Those concitions are that Bornmci: (a) pays Lender all sums which then would be due under this Security 111',11-ument and the Note a,, II no acceleration had occurred; (b) cures any default of any other covenants or a I canents; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to_ reasonable attorneys' ices. property inspection and valuation fees, and other fees incurred for the purpose of protecting Lenders interest in the Property and rights under this Security Instrument; and (d) talcs such action as Lencicr may reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security lnsn-ument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) cc: ! i Pied check, bank check. t r surer's check or cashier's check, provided any such check is drawn upon at: Institution whose deposit, <uc insured by a federal agency, instrumentality or entity; or (d) Electronic F : :cls Transfer. Upon rciiw itemcnt by Borrower, this Security Instrument and obligations secured hereby Initials: -6(NE) (0005) Page 11 of 15 Form 3028 1/01