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200702312 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 address stated herein unless Lender has designated another address by notice to Borrower. A.ny notice in connection with this Security Instrument shall not be deemed to liB.ve been given to Lender unU! actually received by Lt..>nder. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requ.irement will satisfy the corresponding requirement utlder this Security Instrument. 16. Governing Law; Severability; Rules or Construction. This Security Instnul1ent 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 panies to agree by contract or it might be silent, but such silence shall not be construed a5 a prol1iDition again5t 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 U$td in this Security Instrument: (a) words of the masculine ~ender shall mean and ioclude corresponding neuter words or wor4Si of the feminine gender; (b) words in the singular shall mean and includfl the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 1.,. Borrower's Copy, Borrower shall be given one copy of the No~ lUld of this Security Instrument. 18. 'transfer of the Property or II Beneficial Interci1 in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interost in the Property, includins. but not limited to. those beneficial interests translwed in a bond for deed, contract for deed, installIlJt.'Jlt sales contract or escrow agreement, the intent of which is the transfer of title b}' Borrower at a future date to a purchaser. If all or any pan of me Property Or any Interest in the Propel"ty is sola or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums ~f:cured by this Security Instrllment. However, this option shall not be exercisec1 by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender sball give BOrrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which l3orrower must pay all sutnS secured by this Security Instrument. If Borrower fails to pay these suIIJ$ prior to the expiration of this period, Lender may invoke any remedies: permitted by this Security Instrwnent without further notice or demand on BOITowf1\ 19. Borrower's Right to Reinstate Al'ter Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security lnstmment discontinued at any time prior to the earliest of: (a) t1ve days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable I...:1W might specify for the termination of Borrower's right to reinstate; or (0) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security InstrUment and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) paYfi all expenses incurred in enforcing this Sec..1lTity Instrument. including, but not limited to, reasonable attomeY$' fees, property inspection and valuation fees. and other fees incurred for the -purpose of protecting Lender's interest in the Property and rights unacr this Security Instrwnent; and (d) takes such 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, lShall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following fo:t1.n5, as seltlOted 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 lnsttnment and obligations secured hereby 'niti.i 6 ...T~ Form 3028 1/01 cID\-6INEII00051 PIlQ~ 11 0116