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<br />200710429
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<br />notice address if sent by other means, Notice to any (lne Borrower shall constiwte notice to all
<br />Bnrro\n:rs unless I\pplieable Law expressly requires otherwise. The notice address shall be the
<br />PrOpl'rly :\ddrcss unless Borrower has designated a substituli: notice address by notice to Lender.
<br />Borrower shall pronlpt Iy noti Iy Lender of Borrower's <:hange of address, I f Lender sfX'ci lies a
<br />procedure for rqJorting Borrower's changc of address, then Borrower shall only report a change or
<br />address through that specified procedure. There may be only one designated notice address under thIs
<br />Security Instrument at anyone time. Any notice to Lender shall be given by delivering it or by mailing
<br />it by first class mail to Lender's address stated herein unless Lender has desIgnated another address by
<br />notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have
<br />been given to Lender nntil actually received by Lender. If any notice required by this Security
<br />Instrument is also required under Applicable Law, the Applicable Law requirement will satisly thc
<br />corresponding rquirement under this Sccurity Instrument.
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<br />\6, G()YL~rning Law; Severability; Rules of Construction, This Security Instrument shall be governed by
<br />l'ederallaw and the law of the jurisdiction in which the Property is located. All rights and obligmions
<br />contained in this Security Instrument are subject to any requirements and limitations of Applicable
<br />Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it lllight be
<br />silent, but snch silence shall not be construed as a prohibition ngainst agreement by contract. In the
<br />event tha1 [lny provision or clause of this Security Instrument or the Note conflicts with Applicable
<br />L.::w. such contlict shall not affect other provisions of this Security Instrument or the Note which can bc
<br />given effect without the conllicting provision.
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<br />As used 111 rhis Security Instrument: (a) words of the masculine gender shall me.an and include
<br />ClllTL'sponding nellter words or words of the feminine gender; (b) words in the singular shall mean and
<br />include tl1(' plural and vice vel'S,:; and (c) the word "may" gives sole discretion without any obligation
<br />to take any action.
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<br />17, Borrower's Copy, Borrower shall bc given one copy or the Note and of this Security Instrument.
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<br />18. Transfer of the Property 01' a Beneficial Interest in Borrowcl',:As used in this Section I S, "Interest
<br />in the Property" means any legal or bene/1cial interest in the Prdperty, including, but not limited to,
<br />those heneficial interests transferred in a bond for deed, contract lor deed, installment sales contract or
<br />escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a
<br />purclns<.'r.
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<br />1 f all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is
<br />not a natural person and a beneficial interest in Borrower is sold or transfel1'CCI) without Lender's prior
<br />written consent, Lender may requIre immediate payment in full of all sums secured by this Security
<br />Instrument. llowever, this option shall not be exercised by Lender if such exercise is prohibited by
<br />Applicable Law.
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<br />If Lender exercises this option, Lendcr shall give Borrower notice of acceleratIon. The notice shall
<br />provide a period of not less than 3D days from the date the notice is given in accordancc with Section
<br />15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to
<br />pay thesc sums prior to the expiration of this period, Lender may invoke uny rernedies permitted by this
<br />Security Instrument without further notice or demand on Borrower.
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<br />19. Borrower's Right 10 Reinstate After ACt'c1cl'atioll, If Borrower rneets certain conditions, Borrower
<br />shall h.1\'e the right to have enforccment of this Security Instrument discontinued at any time prior to
<br />the earliest of: (a) five days b;~fore sale or the Property pursuant to any power of sale cOllt,lIncd in this
<br />SeclIrity In:;trlnncnt; (b) such other period as Applicable Law :lllght specify 1(:)1' the termination of
<br />nOlTOIITr's right to reinstate; or (c) cntry of a judgment enforcing this Security Instrllment Those
<br />conditions are that Borrower: (a) pays Lender all Slims which then would be due untkr this SeclIrity
<br />In:;trument and the Note as if no accelel-ation had occurred; (b) cures any dcf;nJ!t of any other
<br />covenants or agreements; (e) pays all expenses incurred in enforcing this Security Instrlnnent.
<br />including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and
<br />uthL:r rees incurred for the purpose of prmecting Lender's imerestin the Property and rights under this
<br />S,-,curity Instrument; and (d) takes such action as Lender may reasonably requIre to assure that Lender's
<br />interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay thc
<br />sums secured by this Security Instrument, shall continue unchanged, Lender may require that Borrower
<br />pay such reinstatement sums and expenscs in one or more of the following forms, as selected by
<br />Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check,
<br />provided any such check is drawn upon an instItution whose deposits are insured by a federal agency.
<br />instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by l)orrower, this
<br />Security Instrument and obligations secured hereby shall remain fully effective as if l10 acceleration
<br />had OCCUlTed. llowever, this right to reinstate shall not apply in the case of acceleration under Section
<br />18.
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<br />lO. Sale of Note; Change of Loan ServiceI'; Notice of Grievance, The Note or a partial interest in the
<br />\Jote (together with this Security Instrument) can be sold one Or mOt"(~ times without prior notice to
<br />Borrower 1\ sale might result in a change in the entity (known as the "Loan Servicer") thill collects
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