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200512347 There may be only one designated notice address under this Security Instrument at anyone time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's ad ess stated herein unless Lender has designated another address by notice to Borrower. Any notice in co ection with this Security Instrument shall not be deemed to have been given to Lender until actually recei ed by Lender. If any notice required by this Security Instrument is also required under Applicable Law th Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. I 16. Governing Law; Severability; Rules of Construction. This Security Instrument hall be governed by federal law and the law of the jurisdiction in which the Property is located. AIl righ and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it m ght be silent. but such silence shall not be construed as a prohibition against agreement by contract. In e event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, uch conflict shall not affect other provisions of this Security Instrument or the Note which can be given ffect without the conflicting provision. I As used in this Security Instrument: (a) words of the masculine gender shall tean and include corresponding neuter words or words of the feminine gender; (b) words in the singula shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any bligation to take . I any actIOn. ' 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this See ty Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used i this Section 18. "Interest in the Property" means any legal or beneficial interest in the Property, including, ut not limited to. those beneficial interests transferred in a bond for deed. contract for deed, installment sales ontract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purch ser. 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 Len er's prior written consent, Lender may require immediate payment in full of all sums secured by this Se urity Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Appl cable 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 accordanc with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrowe fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitte by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets c rtain 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 sal contained in this Security Instrument; (b) such other period as Applicable Law might specify for the terminat on of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those c nditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrume t and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agree ents; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, rea onable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of p tecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such acti n as Lender may reasonably require to assure that Lender's interest in the Property and rights under this S urity Instrument. and Borrower's obligation to pay the sums secured by this Security Instrument, shall co tinue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or mo of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, tr asurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are i ured by a federal agency. instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement y Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if n acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under S clion 18. In~lals:rT.A! R... CIl-6A(NE) (0407) Page 11 0115 Form 3028 1101 ~2i. \L