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200706105 There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering horby mailing 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'lnstrument shall not be deemed to have been given to Lender until actiJally received by Lender. If any notice required by this Security InstrumeIitis 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 Instrument shall be governed by federal Jaw and the law of the jurisdiction in which the Property is located.. All rights and obligations contained in this Security Instrument are subject to anyrequiretnents and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow . the parties to agree by contract or it might be silent, blit such silence shall not be construed as a prohibition against agree1l1entby contract. In the event that any provision or clalise 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 used in this. Security Instrument: (a) words of the masculine gender shall mean and includc corresponding neuter words or words of the feminine geilder;(b) words in the singularsha11 mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligatioll 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 iilBottower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interestin'the Property,including; but not limited to, those beneficial interests transferred in a bond for deed,contract for deed, instal1nient sales COntract or escrow agreemcnt, the intent of whith is the transfer of tide by Borrower at a futuredate toa 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 beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of alL sums secured by this Security Instrument. However, this option shall not he exercised 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 thedate the notice is given in accordance with Section 15 within which Borrower must pay all sums secured. by this. Security Instrument.. If Borrower fails to' pay these sums prior to the expiration of this period, Lender may invokea,ny remediespertnitted 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 the right to have enforceinent of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale of the Property pUrsuant to any power of sale contained in this Security Instrument; (b) such other ,period its Applicable Law might specify for the termination of Borrower'S right to reinstate; or (c) entry of a judgment eriforcing 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 expenses incurred. in enforcing this Security .lnstrument ,inchidiri.g ,but not . limited to; reasonable attorneys' fees, property inspection and valuation fees"and other feesinci1rred for the purpose of protecting Lender's interest in the Property and rights under this Sec:urltyInst.n:Jtnent; and (d) takes such action as Lender may reasollablyrequire to assure that Lender's intcrest in the Pr6perty and rights under this Security Instrumelit, and Borrower' sobligation to .paythe sums.. secured by this Security InStrUment,. shall. continue. unchanged. Lender may require that Borrower pay such reinstatement . sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b}money order; (c) certified check,bank check, treasurer' scheck or cashier' s check, provided any suchchec:k is drawn upon an institution whose deposits are insured by a fedeial agency, instrumentality Of entity;ot (d) Electronic "FUnds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligatioJ;lssecuredhereby .-S(NEI (0407).02 <<l Initial.: H fYl. .' 0110269441 Page 11 of 15 Form 3028 1/01