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200801215 There may be only on~ desisnated notice address under this Security lnstrument at anyone time. Any notice to Lender shall be given by delivering iI or by mailing it by first class mail to Lender's address slated herein unless Lender has designated another address by norice to Borrower. Any notiCe in connectioIl. with this Security InstrumenL shall not be deemed 10 have been given to Lender until acrua11y received by Lender. If any notice required by this Security Instrumcm is also required unoeX" Applicable Law, the Applicable Law requirement will satisfy the corresponoing requirement uru:Ier this Security Instrumem. Hi. Govenung Law; Severability; Rules of Constru\..1ion. This Security Instrument shall be govemed by federal law and the law of the jm:jsdiction in which the Property is located. All rights and obligations comained in this Security Instrument are Subject to any requirements and limitations of Applicable Law, Applicable Law mi~ht explicitly or implicitly allow the panies [0 agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by conn-act. In the event that any provision or clause of this Secudty Instrument or the Note conflicts with Applicable Law, 51.1cb conflict shall not affect other provisions of dlis Security Instrwnent or 1'he Note which can be given effect wirhour tbe conflicting provision. As 1L~ed in this Security Instrument: (a) words of the masculine gel1der shall mean and include corresponding neuter words Or words of the feminine gender; (b) words in the sin!;ular shall mean and include the plural and vice versa; and (c) the word "may" gives SOle discredon without any obligation to take any action. 17. Borrowcrls Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Properly or a Bcneficlallnterest in Borrower. As used in this Sectlon 18. "Interest in the Propelty" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial %nterests 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. It all or any pan of the Property or any Interest in the ProperLy is sold or transferred (or if Borrower is not a natural person and a beneficial interest in BOlTower is sold or trlH'lSferred.) without Lender's prior written consent, 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 eX~;fci5e is prohibited by Applicable Law. If Lender exercises this option. lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accardal!ce with Section 15 within which Borrower m!l.S[ pay all sums secured by this Sec1.lrity InstrulIlent. If Borrower fails to pay these swns prior to the expiration of this period, Lender may il!voke any remedies pennitted by this Secw-iLy lnstr1.lment without further notice or demand on Borrower. 19. Borrower's Right to Reinstate Aft~ Ac(:eIeration. If BOlTower meets cenain condirion.q, 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 Propeny pursuanL to any power of sale cOlltained in this Security lI'l.$truIlJent; (b) such other period ll$ Applicable Law might specify for the tenninarion of Borrower's right to reinstate; or (c) entry of a judgment entbrcing this Security Instrument. Those conditions are that Borrower: (a) pays Lend.er all sums which then would be due under this Security Instrnment 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 Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees inc..llrred for the purpose of protecting Lender's Interest in the Property and rights under this Security Instrument; and (d) takes sncn actiOn 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 stUDS secured by this Se\..'Urity Instrument, shall COI'l.tinue unchanged. Lender may require tbat Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (e) certified check, bank check, treasurer's check Or cashier's check. provided any such check is drawn upon an instimtion whose deposits are insured by a federal agertcy, instrumentality or entity; Of (d) Electronic Funds Transfer. Upon reinstatement by Borrower. this SecuriLY Instrument and obligations secured hereby .,6(NE) 10(05) Cll Pago 11 of 1~ Innlals: k s , Form 3028 1'01 ps