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20071014<q There roay be only one designated notice address under this Security Instrument at any one time. Any nOtice to Lender shan be given by (leHvering it or by mailing it by first class .mail to Lender's address srated herein unless L~ndeT has designated another address by notice to BOrrower. Any norice in connecdon willi this Security msm.unem shall not be deemed to have been given to Lender until actually received tJ.y u::o.<;ler. If any notice req1.lired by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement \lJ;J.Q.t;:. tl;1is Seoority Instrument. 16. Goy~it'lg Law; Severability; Rmf'$ of Construction. This: Security InsT.1'U.tD.er1t 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 Secutity Insmunent are subject to any requirements and limitations of Applicable Law. Applicable Law nrlght explicitly or implicitly allow me panies to agree by contraCt or it might be silent, but such silence shall not be COJ,),$t(l1ed as a prohibition against agreement by conuact. In the event that any provision 0. clause of this Security InstrumeJ1.t or the Note conflicts with Applicable Law, sueh conflict shall not affect other provisions of this Security InsUllnrenr or the Note which can be given effect without the co.o.fJ.icting provision. As \1seQ in tbis Seenrity Instrument: (a) wOrds of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in we singvlar $)J,~~ mean :md include the plural and vice versa.: and (c) the word "may" gives sole discretion without any obligation to take any actiOn. 17 _ Borrower~~ Copy. EOITl)weT shall be given one copy of the Note and of this Security Instrumllnt. 18. Transfer of tb.e J;"roperty or a Bencl'icial Interest iX! :Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial inre:rest in !he Property, including, "but not limited to, tbose beneficia1 interests trlUlsferrtd in a bond for deed, contract for deed, installment sales contract Or escrow agreement. the in.ret'lt of which is the transfer of title ~ narrower at a future oate to a purchaser. If aU or any parr of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Bon-OWe:!;" is sold or transferred) without Lender's prior Written conse:nr, Lender may requiJ"e immediate payment in full of all swns secured by this Sec1.lrlty Insmunent. However, this option shall not be ex.ercised by Lender if such exercise i$ prOhibited by Applicable Law. If tender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the (late the notice is given in acCordance wi.th Section 15 witbill which Borrower must pay all sums secured by this Security Instnune:l1t. rf Borrower fails to pay these Sl.lJJJ.S prior to the expiration of this period, Lender may invoke any remedies permined by this Securiry lust;roment without fi.rrther notice or demand on Borrower. 19. Borrowerts Rigbt to Reinstate Mter Acceleration. If Borrower meets certain condirions, 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; (b) such oIber period as Applicable Law might specify for the termination of Borrower's right to reinS!ale; or (c) entry of a judgment enforcing this Sec1,l,iry lnsrrumeI1t. Those conditions are that Borrower: (a) pa.ys Lender all sums which then would be due under this Security Instrument ~d the Note as if no acceleration ha.d occurred; (b) cures any default of any other covenants or agreemenm; (c) pays aU expenses incurred in enforcing this SecmitY' lnstrument, including, but not limited to, reasonable attorneys' fees. property inspecdon and valuation fees, and other fees incurred for th~ purpose of prolecting Lender's interest in the Property and rights under this SecuJ;ity lnstrument; and (d) rakes such action as Lender roay reasonably require to assure mat Lender's interest in the fropeny and rights under this Securiry Instrument, and Borrower's obligation to pay the sums secured by wis Security Instrument, $ha.1I continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the fol1owin~ fOTIIlS, as selected by Lender: (a) cash; (b) mOney order; (c) certified check, OW check, treasurer's check OJ; casltier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal ag~cy, instrumentality or entity; 0. (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Securi1:y lu:3tr;ument and obligations secured. hereby .-AlN!!) 100051 i& 'nIIJ.'t::.U 'vI 1'1I9~ j 1 aI 1!" Form 3023 1/01