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200709978 There may be only one designated notice address under this Security Instrument at anyone time. Any notil:e to Lender shall be given by delivering it or by mailing it by tirst dass mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in l:(mnel:tion with this Sel:urity Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required hy this Security Instrument is 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 he governed hy federal law and the law of the jurisdiction in which the Property is located. All rights and ohligations l:ontained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree hy contract or it might be silent, but such silence shall not be wnstrued as a prohibition against agreement by wntrad. In the event that any provision or dause of this Sewrity Instrument or the Note conflids with Applicable Law, sUl:h conflict shall not affect other provisions of this Security Instrument or the Note which can be given effel:t without the conflicting provision. As used in tllis Sel:urity Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of tile feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (l:) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one wpy of the Note and of tllis Sewrity Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those benefil:ial 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 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 a natural person and a benefil:ial 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 Sel:urity Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applil:able Law. If Lender exercises this option, Lender shall give Borrower notke of acceleration. The notice shall provide a period of not less than 30 days from tile date the notice is given in al:cordance with Section 15 within whil:h Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lemler may invoke any remedies permitted 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 enforcement 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; (h) such other period as Applil:able Law might specify for tlle termination of Borrower's right to reinstate; or (c) entry of a judgment enforl:ing this Security Instrument. Those wnditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no al:l:eleration had ol:wrred; (b) cures any default of any other wvenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protel:ting Lender's interest in the Property and rights under this Sel:urity Instrument; and (d) takes sUl:h al:tion as Lender may reasonably require to assure that Lender's 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 unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selel:ted by Lender: (a) cash; (b) money order; (l:) certified l:hel:k, bank check, treasurer's l:heck or cashier's check, provided any sUl:h l:heck is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instnunent and obligations secured hereby . -6INE) (0005) @ ,nitia,.:ID Page 11 of 15 Form 3028 1/01