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200708699 There may be only one designated notice addresslUllier this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailiog it by finlt class mail to Lender's addn:ss stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument lIha1l not be deemB<l to have been given to Lender until actually received by Lender. H any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy tJw corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrume:nt shall be governed by federa1law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument arc subject to any requirements and limitatioDs of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it JIlight be silent, but l'lUch silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security InstruIOOnt or the Note cooflicts 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 include con:espondiDg neuter words or words of the feminine gender; (b) words in the singular shall mean and include the ploralllJld vice versa; and (c) the word "may. gives sole discretion without any obligation 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 Beneticial Intel"est in Borrower. As used in this Section 18, "Interest in the Property. meaos any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transfenod 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 a 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 8 natural person and 8 beneficial interest in Borrower is sold or transferred) without Lender's prior written coment, Lender :may require 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 Applica.ble Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice sba11 provide a period of DOt 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 sums prior to the expiration of this period, Lender may invoke any remedies pennitted by this Security Instrument without further notice or demand on BOItower. 19. Borrower's Right to Reinstate After AtteleraUon. If Borrower meets certain conditions, Borrower sball have the right to have enforcement of this Security Jnstroment discontinued at any time prior to the earliest of: (a) five days before sale of the Property pw:suant to any power of sale contained in this Security IDstrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforoing this Security Instrument. Those conditions are that Borrower: (8) 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 IDstrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and.rights under this Security Instrument; and (d) takes such action as Lender may :reasonably require to assure that Lender's interest in the Property and rights under this Security Instrommlt, and Borrower' 8 obligation to pay the IJ1lIn8 secured by this Secnrity Instroment, shall continue unchBnged. Lender may require that Borrower pay such. reinstat.emfm1 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, treasuzer's check or cashier's check, provided any such check is drawn upon llJl institution whose deposits are insured by a federal agency, iDstrumentality or entity; or (d) Electronic Funds Tnmsfer. Upon reinstatement by Borrower, this Secmity Instrument and obligations secured hereby 411\. -6(NE) 10005) p_ 11 of 1& ilJ ,V :L.--f V Fonn 3028 1/01