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200603224 There lllay he only Oil(: designated notice addn:ss under this Security InstrUlllent at anyone time. Any notice to Lender shall be given by delivering it or by mailing it by first class rnail to Lender's address stated herein unless 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 Lender. [I' any notice required by this Security Instrument is also required under Applicable La\v. the Applicable Law requirernent will satisfy the corresponding requirement under this Security I nstrurm:nt. ] 6. Governing Law; Severahility; Rules of Construction. 'lhis Security InstrUlnent 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 Instrument are subject to any requirements and linlitations of Applicable L.aw. Applicable L.aw might explicitly or implicitly allow the parties to agrec 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 Notc 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 Instrument: (a) words of the masculim: 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 (el the word "may" gives sole discretion without any obligation to take any action. ]7. Borrower's Copy. Borrowcr shall be given one copy of the Note and of this Security Instrument 18. Transfer of the Property or a Benefici:lI Interest in Borrower. As used in this Section IN. "Interest in the Property" means any legal or beneficial interest in the Property. including. but not limited to, those bendlcial interests transferred in a bond fin- deed, contract for deed. instalhm:nt sales contract or 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 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 Leuder's prior written consent. Lender may require imrnediate payment in full of all slllns secured by this Security Instnum:llt. However. this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If L.ender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days fi-olll the date the notice is given in accordance with Section 15 within which Borrower must pay all Slims secured by this Security Instrument. If Borrower I"ails 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 Acceleratioll. I I' Borrower meets certain 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 belcJre sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable I ,aw /night specify fcn- the termination of Borrower's right to reinstate; or (e) entry of a judgment ent()rcing this Security Instrument. Those conditions arc that Borrower: (a) pays Lender all sunls which then would be due under this Security Instnnnent and the Note asif no acceleration had occurred; (bl cures any default of any other covenants or agree/nents; (e) pays all expenses incurred in enforcing this Security Instnnnent, including. but not limited to. reasonable attorneys' fees. property inspection and valuation fees. and other fees incurred for the purpose of protecting L.ender's interest in the Property and rights under this Security Instrument and (d) takes stich action as Lender 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 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; (e) certified check. bank check, treasurer\ check or cashier's check. provided any such check is drawn upon an institution whose deposits are insured by a federal agency. instrumentality or entity; or (d) Electronic funds Transfer. Upon reinstatement by Borrower. this Security Instrument and obligations secured hereby C"J: lnitir.ll~: ~l 0110247970 ~-6(NE) (0407).01 ~ Pa]8 11 of 15 Fonn 3028 1/01