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-, 200708697 There may be only one designated notice address under this Security Inst:rument at any one 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. Any notice in conneetion with this Security Instrument shall not be deemed to have been given to Lender Until actoa11y received by Lender. H any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law reqnite:ment will satisfy the corresponding requirement under this Security Instrument. 16. Govendng Law; SevenbiHty; Rules of Construction. This Security Instrument 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 ate 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 aUent, but such silence shall not be construed 88 a prohibition against agreement by contract. In the event that any provision or cJause of this Security Instrument or the Note cont1icts with Applicable Law, such conflict shall not affect other provisions of this Security Instromcnt or the Note which can be given effect without the conflicting provision. As used in this Security Inst:rUIDeDt: (8) words of the masculiDe gender shall mean and include conesponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plutal and vice versa; and (c) the word "may. gives sole discretion withant any obligation to take any action. 11. Borrowel"'s Copy. Borrower shall be given one copy of the Note and of this Security InstruJnent. 18. Transfer or the Property 01' a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any 1oga1 or beneficial interest in the Property, iocludiDg, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at 8 future date to a 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 Dlltund pel'SOD and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may xequire immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited. by Applicable Law. H Louder exercises this option, Lender ahaIl 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 Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these IIWIIB prior to the expiration of this period, Lender may invoke any remedies permitted by this Security lnstnnDen1 without further notice or demand on Borrower. 19. BOlTOwer's Right to ReInstate After Acce1eradon. H Borrower meets certain c;nndinoU!I, Borrower shall have the right to have enforcement of this Security Instnnnent c:1iscontim1ed at any time prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale ccmtained in this Security Instrmnent; (b) such other 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 whkh then would be due UDder this Security Instrument and the Note as if no acceleration had occunedi (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instnm:lmt, including, but not limited. to, reasonable attorneys' fees, property inspection and valuation fees, and other fees iIJcorred for the purpose of protecting Lender's interest in the Property and rights lUIder this Security Instt'tUDCnt; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in tho Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue lmcbaDged. Lender may require that Borrower pay such reinstatement IIWIIB and expenses in one or more of the following forms, as se1cctcd by Lender: (a) cash; (b) money order; (e) certified check, bank check, trealII:mtt's check or cashier's check. provided any soch check is ihawn upon an institution whose deposiI:s arc insured by a federal agency, iDstrumcntality or entity; or (d) mectronic Funds Tnwsfer. Upon reinstatement by Borrower, this Security Instru.JDcnt and obligations secured hereby _-GINE) 1000&1 P_11 of 1& _ At] ,) ~ . Form 3028 1/01