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200705840 'There may be OnlY one designar.ed notice address under this Security Instrument at anyone time. Any notice to Ltmder shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lendor has designated another address by notice to Borrower. Any notice in connection with [his Security Instrument shall nOl be deemed to have been givtm to Lender until atlll.ally received by Lender. If any notice required by this Security Instrument is also required under Applicable Law I the Applicable LllW r(.oquirement will satisfy the corresponding requ.irement under this Security Instrument. 16. Gov~rning LRWj Severability; Rules of Constrlldion. This Security Instrumt.'J1C shall be soverned by federal la.w and the law of tlte jurisdiction in which the Property is locatoo. All rights and o1:Jligations contained in this Security Instrument are subject to any requirements and limitlUio'ltS of Applicable Law. Applicable Law might explicHl}l or implicitly allow the panies to agree by contract or it might be silent, but such silence shall not 1;Je construed as a prohibition against agreem~nt by contract. In the event that any provision or claustl of this Security InstrUment or Ule Note conflicts with Applicable Law. such conflict shall not affect other provisi(lJl$ of this Security Instrument Or Ihe Note which can be given effect without the conflicting provision. As used. in this Security lnstrument: (a) 'Words of the masculine gender shall mean and include corresponcling neuter worcls or words of the feminine gender; (b) words in the singu.lar shall mean and include the plural and vice versa: and (c) the word "may" gives sole di5Cr~tiOn without any obligation to take any action_ 17. Borrower's Copy. Borrower shall be given one cOpY of the Note and of this Security lnstrument. 18. Tran5fer of the Property or a Benenciallntercst in )lorrowcr. As used in this Section 18, "Interest in the Property" me.1DS any legal or beneficial interest in the PL'operty, including, but not limited to, those beneficial interests transferred in a bond for deed. cantract for deed, installment sales contract or escrow agreement. the intent of which is the transfer of title ~ Borrower at a fumrt! date to a purcha5er. 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 Barrower is sold or transf~tied) without Lender's prior written consent, Lender may require immediate paymlwlnt in full of all sums secured by this Security Instrument. However, this option shall not be exercisea by Lender if such exercise 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 given in accordance with Section 15 within wltich Borrower must pay all sums secured by this Securi~y lnstrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke lUly remedies permitted by this Security Instrument without further notice or demand on Borrower, 19. Borrower's Right to Reinstate A.fter AcceIeratjon. If Barrower meets certain conditions, Borrowe+ shall havlwl the right to have enforcement of this Security Instrument discontinued at any time priar to the earliest of: (n) tive days before sale of the Property pursuant to any flower of sale contained in this Security lnstmment; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a juclgn'1ent enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all su.ms which then would be due under this Security InstrWD.eILt imQ the Note as if nO acceleration had accurred; (b) cures any default of any other covenants or agreements: (c) pays all expenses incurred in enforcing this Security Instrwnent, including, but not limited. to, reasanable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protel.:t.ing Lender's interest in the Property and righU under this Security Instrument; and (d) takes such actian as Lender may reasonably require to assure that Lender'g 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 wlChmged. lendel' mny require that Borrower pay such reinstatement sums and ex.penses in one or more of the following forms, as selecttld 1:Jy Lender: (a) cashj (b) money arder; (c) certified cheek, bank check, treasurer's check or cashier's check, provid~ any such check is drawn upon an institution whose depOsits are insured by a federal agedCY, instrumentality or entity; or (d) Electronic Funds Tnmsfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby G .5IN~1 (0008) l!l Plll.'l~ 11 ollIS Form 3028 1/01