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200709078 There may be only one designated notice address WIder this Security Instrwnent at anyone 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 wlless Lender has designated anoUler address by notice to Borrower. Any notice in connection with this Security Instrwnent shall not be deemed to have been given to Lender wuil actually received by Lender. If any notice required by this Security Instrwnent is also required under Applicable Law, the Applicable Law requirement will satis(y the corresponding requirement WIder this Security Instrument. 16, Governing Law; Severability; Rules of Constlllction, This Security InstrWllent shall be governed by federal law and the law of Ule jurisdiction in which the Property is located. All rights and obligations contained in Ulis Security Instrwnent 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 tIlis Security Instrument or the Note conflicts WiUI Applicable Law, such conflict shall not affect other provisions of Ulis Security Instrwllent or tIle Note which Cilll be given effect wiUlOut tIle conflicting provision. As used in this Security Instrument; (a) words of the masculine gender shall meilll and include corresponding neuter words or words of tIle feminine gender; (b) words in Ule singular shall mean and include tIle plural and vice versa; and (c) Ule word "may" gives sole discretion wiUlOut any obligation to take any action. 17. BOlTower's Copy, Borrower shall be given one copy of the Note illld of tIlis Security Instrwllent. 18. Transfet' of the PrOllet1y 01' a Beneficial Intel'est in Bon'ower, As used in tIIis Section 18, "Interest in tIle Property" means any legal or beneficial intercst in tIle Property, including, but not limited to, tIlOse beneficial interests trilllsferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is Ule transfer of title by Borrower at a future date to a purchaser. If all or any part of tIle Property or any Interest in the Property is sold or trilllsferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or trilllsferred) witllOut Lender's prior written consent, Lender may require ilmnediate payment in full of all sums secured by this Security Instrwnent. However, tIlis option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises tIlis option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less tIlan 30 days from tIle date tIle notice is given in accordance with Section 15 within which Borrower must pay all SlUns secured by tIlis Security Instrument. If Borrower fails to pay these swns prior to Ule expiration of tIlis period, Lender may invoke any remedies permiued by tIlis Security InstrlUllent without fmther notice or demand on Borrower. 19, BOI'l"ower's Right to Reinstate Aftet' Accelemtion. If Borrower meets certain conditions, Borrower shall have Ule right to have enforcement of this Security Instrument discontinued at illlY time prior to the earliest of: (a) five days before sale of tIle Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specifY for Ule termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing Ulis Security InstrlUllenl. Those conditions are that Borrower: (a) pays Lender all sums which tIlen would be due under this Secmity Instrument and the Note as if no acceleration had occurred; (b) cures illly default of illlY other covenants or agreements; (c) pays all expenses incurred in enforcing this Security lnstrwnent, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and oUler fees incurred for tIle purpose of protecting Lender's interest in tIle Property and rights under this Security Instrwnent; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in Ule ProperLy and rights wlder this Security InstrlUllent, illld Borrower's obligation to pay the sums secured by Ulis Security Instrwllent, shall continue wlChilllged. Lender may requirc Ulat Borrower pay such reinstatement SlUns and expenses in one or more of tIle following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided illlY such check is drawn upon illl institution whose deposits are insmed by a federal agency, instrlUllelltality or entity; or (d) Electronic Funds Trilllsfer. Upon reinstatement by Borrower, this Security Instrwnent and obligations secured hereby shall remain fully effective as if no acceleration had occmred. However, this right to reinstate shall not apply in the case of acceleraLion WIder Section 18. 8800278337 S:L Inilials: -/Jpj'l ) 8800278337 q,.SA(NE) (0407).01 Page 11 or 1 5 Form 3028 1/01