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<br />200801215 <br /> <br />There may be only on~ desisnated notice address under this Security lnstrument at anyone time. Any <br />notice to Lender shall be given by delivering iI or by mailing it by first class mail to Lender's address <br />slated herein unless Lender has designated another address by norice to Borrower. Any notiCe in <br />connectioIl. with this Security InstrumenL shall not be deemed 10 have been given to Lender until acrua11y <br />received by Lender. If any notice required by this Security Instrumcm is also required unoeX" Applicable <br />Law, the Applicable Law requirement will satisfy the corresponoing requirement uru:Ier this Security <br />Instrumem. <br />Hi. Govenung Law; Severability; Rules of Constru\..1ion. This Security Instrument shall be <br />govemed by federal law and the law of the jm:jsdiction in which the Property is located. All rights and <br />obligations comained in this Security Instrument are Subject to any requirements and limitations of <br />Applicable Law, Applicable Law mi~ht explicitly or implicitly allow the panies [0 agree by contract or it <br />might be silent, but such silence shall not be construed as a prohibition against agreement by conn-act. In <br />the event that any provision or clause of this Secudty Instrument or the Note conflicts with Applicable <br />Law, 51.1cb conflict shall not affect other provisions of dlis Security Instrwnent or 1'he Note which can be <br />given effect wirhour tbe conflicting provision. <br />As 1L~ed in this Security Instrument: (a) words of the masculine gel1der shall mean and include <br />corresponding neuter words Or words of the feminine gender; (b) words in the sin!;ular shall mean and <br />include the plural and vice versa; and (c) the word "may" gives SOle discredon without any obligation to <br />take any action. <br />17. Borrowcrls Copy. Borrower shall be given one copy of the Note and of this Security Instrument. <br />18. Transfer of the Properly or a Bcneficlallnterest in Borrower. As used in this Sectlon 18. <br />"Interest in the Propelty" means any legal or beneficial interest in the Property, including, but not limited <br />to, those beneficial %nterests transferred in a bond for deed, contract for 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 purchaser. <br />It all or any pan of the Property or any Interest in the ProperLy is sold or transferred (or if Borrower <br />is not a natural person and a beneficial interest in BOlTower is sold or trlH'lSferred.) without Lender's prior <br />written consent, Lender may require immediate payment in full of all sums secUred by this Security <br />Instrument. However. this option shall not be exercised by Lender if such eX~;fci5e is prohibited by <br />Applicable Law. <br />If Lender exercises this option. lender shall give Borrower notice of acceleration. The notice shall <br />provide a period of not less than 30 days from the date the notice is given in accardal!ce with Section 15 <br />within which Borrower m!l.S[ pay all sums secured by this Sec1.lrity InstrulIlent. If Borrower fails to pay <br />these swns prior to the expiration of this period, Lender may il!voke any remedies pennitted by this <br />Secw-iLy lnstr1.lment without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate Aft~ Ac(:eIeration. If BOlTower meets cenain condirion.q, <br />Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time <br />prior to the earliest of: (a) five days before sale of the Propeny pursuanL to any power of sale cOlltained in <br />this Security lI'l.$truIlJent; (b) such other period ll$ Applicable Law might specify for the tenninarion of <br />Borrower's right to reinstate; or (c) entry of a judgment entbrcing this Security Instrument. Those <br />conditions are that Borrower: (a) pays Lend.er all sums which then would be due under this Security <br />Instrnment and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited <br />to, reasonable attorneys' fees, property inspection and valuation fees, and other fees inc..llrred for the <br />purpose of protecting Lender's Interest in the Property and rights under this Security Instrument; and (d) <br />takes sncn actiOn as Lender may reasonably require to assure that Lender's interest in the Property and <br />rights under this Security Instrument, and Borrower's obligation to pay the stUDS secured by this Se\..'Urity <br />Instrument, shall COI'l.tinue unchanged. Lender may require tbat Borrower pay such reinstatement sums and <br />expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (e) <br />certified check, bank check, treasurer's check Or cashier's check. provided any such check is drawn upon <br />an instimtion whose deposits are insured by a federal agertcy, instrumentality or entity; Of (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower. this SecuriLY Instrument and obligations secured hereby <br /> <br />.,6(NE) 10(05) <br />Cll <br /> <br />Pago 11 of 1~ <br /> <br />Innlals: k s <br />, <br /> <br />Form 3028 1'01 <br /> <br />ps <br />