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200702415 There may be only one designated notice addross under this Security Instrument al anyone time. Any notice to Lender shall be given by delivering it Or by mailing it by tirst class IIliil ~ Lender's address stated hl:!rCin unless Lender bas designa~e4 another address by notice to Borrower. Any notice in connection with this Security IllStrument shall nol be deemed to bave been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicablu Law. the Applicable Law requirement will satisfy the corresponding requirement under this Socurity lnstrwnent , 16. Governing Law: Severability; Rules ot Construction. This Security Insullment shall be governed by federal law and the: law of the jurisdiction in which the Property Is located. All rights and obligations containe4 in this Security Instrument are ~ubject to any requirem(.'T1ts and limitations of Applicabl.; Law. Applicable Law might explicltly OT 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 I;ontract. In the event that any provision or clause of this Security Instrument OT the Note conflicts with Applicable Law, stich conflid shall not affect other provisions of tbis Security Instrument or the Note which can be given effect wifhout the contllcting provision. As USL'd in this Security Instrument: (a) words of the masl;ulina gender shall mean and includtl corresponding neuter words QT words of the feminine gender; (b) words in the singuhlr shall mean and include the pluml and vice versa; and (c) the word "may" gives sole clillCreHon WiUlout any obligation to take any action. 17. Borrower!s Copy. BOTTower mall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial lntercst in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneticial interest in thtl Property, hlc1uding, but not limited to. those beneficial interests transferred in a bond for deed, contract tor deed, installment sales contract or escrow agreement, the intent of which is th.e tTansfer of title by Borrowtlr at a future Clate to a purchaser. If all Or any parr of the Property or any Interest in tlle Property is sold or transferred (or if Borrower is not a natural person and a beneticial interest in Borrower is sold or transferred) without LtIi4er's prior written consent, Lender may require immediate payment in full of all SumS llacured by this Security Iru;trumeni. However, this option shall not be exercised by Lender if Sl).ch exercise is prohibited by Applicable Law. If Ll;!ndcr exercises this option, Lend~r shall give Borrower notice of accehmnion. The notke shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 wi~hin which Borrower must pay all s'ums secured by this Security Instrument. If Borrower fails to pay these SlUllS prior to 'the expiration of this period, Lenacr may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower'S Rigbt to Reinstate Aller Acceleration. If Borrower meels certain conditions, Borrower shall have the ril::ht to have enforcement of this Security Instrument discontinued at any limo prior to the earli.;st of; (a) five days before sale of fhe Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might spel;ity fOr ~he termination of Borrower's right to reinstate; Or (c) entry of a judgment enforCing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due uncll:!r ~hjs Security Instmment and the Note as If no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuaLion fees, and other fees incurred for the purpose of protecting Lender's interest in the Propeny and rigbt~ under this Security rnstrument; and (d) takes such action as Lender may reasonablY reqi:lire to assure dlat Lencler's interest ill the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums securt!c by this Security Instrument, shaH continlle unchanged. Lender may r~quiTe that Borrower pay such reinstatement sums and expenses in one or more of the :following forms, as selected by Lemler: (a) c&,Sl1; (b) money order; (c) ccrtitled check, bank check, treasurer's check or cashIer's check. provided any stich check is drawn upon an institution whose dl.'lposits are insured by a federal agc.'11cy, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, ~his Security Instrument and obligatiOnS secured hereby OCll-6fNI'II00ll51 Initi".:~N ~ogo 11 of , S Form 3028 1101