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200600582 There may be only on(l designated notice address und(lr this Security Instrument at anyone time. Any notice to Lender shall b~ given by delivering it or by mailing it by first class mail to Lender's address stated herein unloss 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 Lend.er. If any notiee required by tais Security Instrument is also requited under Applicable Law, tho Applicablo Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; SeverablUty; 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 obligations contained in this Security Instrultl.ent 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 might be silent, but such silence 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 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 Instmment: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular sluUI mean and include the plural and vice versai and (c) the word "may" gives 'sole discretion without any obligation to tm any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Benefictal Interut In Borrower. As used in this Section 18, "Interest in the Ptopeny" means any legal or beneficial interest in the Property, including, but not limited to, those beneficiallnterests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreem('lnt, 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 Property or any Interest in The Property is sold Or transferred (or if Borrower is not a natural person and a benefwial interest in Borrower is sold or transfemd) 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 exercisl'd by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lendel:' 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 Bon-ower must pay all sums secured by this Security InstNment. If Borrower fails to pay these sums prior to the l'llf.piration of this period, Lender may invoke any remedies permined by this Security Instrument without further notice or demand on Borrower. HI. Borrowers Right to Reinstate After AcceleI1ltlon. If Borrower meets certain conditions, Borrower shall have the right to han enforcern~nt 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 in this SecuritY Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to I:'~instatej or (c) entry of a judgment enforcing this Security Instrument. Thos,e conditions are that Borrower: (a) pays lender all sum$ which then would be due UDder this SecuritY Instrument and the Nato as if no acceleration had occurredi (b) cures any default of any other covenants or agreements: (c) pays all expenses incurred in enforcing this Security Instrument, includins, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may realJonably 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 Instrument, 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) certified check, bank check, treMurer's check or cashier's check, provided any !luch check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) :Electronic Punds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had oceurred. However, this right to reinstate shall not apply in the clUle of acceleratiol1 under Section 18. E990a02 cat-BAINE) (0407) Pag, 11 QI1 5 Inltlala:,-~" / kAr_ I Form :aO~8 1/01 8~ 'd OHv 'ON dJOJ ,,^onSj ~ ~ll!l P~"^YlJON VlJd8E:~ 9000 'Ol 'u~r