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200703313 TIu:re may be only one designated. noUce address under this Security Instrument at anyone time. Any notice to Lender shall be given by aclivering it or by maiUng it by first 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 Instrwnent. 16. Goveming Law: Severability: Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is locatt..>d. All rights and obligations cont.l\inoo in this SeC\l.ri~y lnstnlIllent 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 Instruml;.'1lt or the Note contliCI$ with Applicable Law. such contlict shall not afIL'Ct other provisions of this Security Instrument or the Note which can be given effect without dle conflicting provision. As used in this Security lnstrument: (n) words of the masculine gender shall mlo!An aud h:lclude corresponding neuter words or words of the feminine sendt:r: (b) words in the singular shall mean and include the plural and vice versa: and (c) the word "may" gives sole ~iscretion without any obligation to take any action. 17. Borr()werls Copy. Borrower shall be given one copy of the Note and of this security InstntD1ent. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" melUlS any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreemlmt, 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 solcl or transferred (or if BOrrower Is not a natural person and it. beneilcial interest in Borrower is sold or transferred) without Lender's prior written consent, Lenaer may require immediate payment in full of all sumS secured by this Security Instrument. However. this option shan not be exerci~a by Lender if such ex.ercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is givlo!n in accordance with Soction 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these surns prior to the expiration of this period, Lender n1<1Y invo!l:e ~y remedies penniued by this Security Instrument without t\uther notice or demand on Borrower. 19. Borrower's Right to ReiIlBtate After Acceleration. 'If Borrower meets certain conditions. Borrower shall have the right to have enforcement of this SectU"ity Instrument discontinued at any time prior to the earlic5t of: (a) t'lve days before sale ot' the Property pursuant to any power of sale contained in this Security Instrument: (b) such otht:r period as Applicable Law might specify for the 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 under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all tl!:penses incurrlo!d in enforcing this Security Instrument, including, but not limitt.>d to. reasonable attorneys' fees. property inspection and valuation fees, ana other fees incurr~ for the purpose of protecting Lender's interest in the Property and rights undt!r tl1is Security Instrument; and (d) takes such action as Lender may reasonably requite to assure that Lender's intt!rest in the Property and rights under this Security Instrument. and Borrower's Obligation to pay the sums seemed by this Security Instrument. shall continue unchanged. Lender may require that Borrower pay such remst.'\tt:.ment sums and expenses in one or more of the following formsl as selected by Lender: (a) ciI5h: (b) money order: (c) certified check. bank cheel<:. treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits arc insured by a federal agency, instrumentality or entity; Or (a) Electronic Ftmds Transfer. Upon reinstatement by Borrower, this Security Instrument ;md obligations secured hereby . .61NEIIOOO51 I8l P<I{IQ 11 <;If 15 IniLlele~ Form 3028 1/01