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200700679 There may be only one designated notice address under this Security Instrwnent at anyone time. Any notice to Lender shall be given by delivering it or hy mailing it hy tirst class mail 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. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security h1.<;trwnent 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 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 hy contract. In the event that any provision or clause of this Security Instrument or the Note conflicts Witll Applicable Law, such contlict shall not affect other provisions of this Security Instrument or the Note which can be given dIed witllOut 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 discretion without any obligation to take 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 Beneficial Interest in Borrower. As used in this Section 18, "Interest in tlle Property" means any legal or henetkial interest in tlle Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is tlle transfer of title hy 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 henetkial interest in Borrower is sold or transferred) without Lender's prior written coI1.<;ent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, tllis option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises tllis option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less tllaII 30 days from tlle date the notice is given in accordance Witll Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to ilie expiration of this period, Lender may invoke any remedies pemlitted by 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 tile right to have enforcement of this Security Instrument discontinued at any time prior to tlle earliest of: (a) tive days before sale of tlle Property pursuant to any power of sale contained in this Security h1.<;trumel1t; (b) such other period as Applicahle Law might specify for the tennination of Borrower's right to reinstate; or (c) entry of a judgment enforcing iliis Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which tllen would he due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any oilier covenants or agreements; (c) pays all expenses incurred in enforcing tllis Security Instrument, including, hut not limited to, reasonable attorneys' fees, property im;pection and valuation fees, and otlIer fees incurred for dIe purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure dlat Lender's interest in the Property and rights under this Security h1.<;trwnent, and Borrower's obligation to pay the sums secured hy this Security Instrument, shall continue unchanged. Lender may require dlat Borrower pay such reinstatement sums and expenses in one or more of the following fOffilS, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's 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 obligatioI1.<; secured hereby lnitiaIS:~ .. -6INE) (0005) <!> Page 11 of 15 Form 3028 1/01