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200316426 There may be only one designatednotice address under this Security Instrumentat 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 statedherein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrumentshall not be deemed to have been given to Lender until actually received by Lender. If any notice requiredby this Security Instrumentis also requiredunderApplicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrumentshall be governed 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 requirementsand 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 agreementby contract. In the event that any provision or clause of this Security Instrumentor the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrumentor 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; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretionwithout 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 interestin the Property, including, but not limited to, those beneficial intereststransferredin a bond for deed, contractfor deed, installmentsales contractor escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Propertyor any Interestin the Propertyis sold or transferred(or if Borrower is not a naturalpersonand a beneficialinterestin Borroweris 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 not be exercised 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 15 within which Borrowermust pay all sums securedby this Security Instrument.If Borrowerfails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permittedby 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 enforcementof this Security Instrumentdiscontinuedat any time prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument;(b) such otherperiod as Applicable Law might specify for the terminationof Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lenderall sums which thenwould be due under this Security Instrumentand the Note as if no accelerationhad occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurredin enforcing this Security Instrument,including, but not limited to, reasonableattorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interestin the Property and rights under this Security Instrument;and (d) takes such action as Lender may reasonably require to assure that Lender's interestin the Propertyand rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument,shall continue unchanged. Lendermay requirethatBorrowerpay such reinstatemenfiums and expenses in one or more of the following forms, as selectedby Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer'scheck or cashier's check, provided any such check is drawn upon an institutionwhose deposits are insuredby a federal agency, instrumentalityor entity; or (d) Electronic Funds Transfer. Upon reinstatementby Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no accelerationhad occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. ... (0o05) Inhials: U Page 11 of 15 Form 3028 1/01