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200801477 Thcrc may be only onc dcsignatcd notice address under this Security Instrument at anyone time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not bt: dt:t:mt:d to havt: bt:t:n given to Lender until actually rt:ceivt:d by Lt:nder. If any notict: rt:quirt:d by this St:curity Instrumt:nt is also rt:quirt:d undt:r Applicablt: Law, the Applicable Law requirement will satisfy tht: corrt:sponding requirement under this Security I nstl1lmcnt. 16. Governing Law; Severability; Rules of Construction. This Security Instmment 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 Security Instmment are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agrce by contract or it might bt: siknt, but such siknct: shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this St;curity Instrument or the Note contlicts with Applicable Law, sueh contlict shall not affect other provisions of this Security Instrument or the Note whieh can be given effect without the contlicting provision. As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the fcmininc gcndcr; (b) words in the singular shall mean and includc the plural and vice vcrsa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in tht: Property" means any It:gal or bt:ndicial intt:rt:st in tht: Propt:rty, including, but not Iimitcd to, thosc bcncficial intcrcsts transfcrred in a bond for deed, contract for deed, installment saks contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchascr. If all or any part of tht: Property or any Intercst in thc Property is sold or transferrt:d (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written eonst:nt, Lender may require immt:diatt: paymt:nt in full of all sums secured by this Security Instrumt:nt. However, this option shall not bt: exereist:d by Lender if such exercise is prohibited by Applicable Law. If Lendcr exerciscs this option, Lcndcr shall give Borrower notice of acct:kration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remt:dit:s pennitted by this Security Instrument without further notice or demand on BOlTower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets ccrtain conditions, Borrower shall have the right to have enforcement of this Security Instnnnt:nt 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 other period as Applicable Law might specify for tht: tennination of Borrower's right to reinstate; or (e) entry of a judgment enforcing this Security Instrument. Those conditions an: that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument 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 Instrumt:nt, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred tor the purpose of protecting Lender's interest in the Propt:rty and rights under this Security Instrument; and (d) takes such action as Lender Illay 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 tonns, as selected by Lender: (a) cash; (b) money order; (c) cetiified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instl1lmcntality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this St:curity Instrument and obligations secured hereby . -6(NE) (0407).01 @ Initials: .~ >)) p 0757208954 Page 11 of 15 Form 3028 1/01