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200802749 Thcrc may be only one designated notice addrt:Ss under this Security Instrumt:nt 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 designatt:d another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually rt:ceivt:d by Lt:ndt:r. If any notict: rt:quirt:d by this Security Instrument is also required under Applicable Law, the Applicablc Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument 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 Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law. such conflict shall not affcct other provisions of this Sccurity Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of tht: masculint: gender shall mean and include corrcsponding neutcr words or words of thc fcminine gcnder; (b) words in the singular shall mean and includc the plural and vicc versa; and (c) thc 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 ust:d in this Section 18, "Interest in the Property" means any legal or benefieial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, tht: intent of which is tht: transft:r oftitle by Borrower at a future date to a purchaser. If all or any part 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 Borrower is sold or transferred) without Lender's prior written consent, Lt:ndt:r 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 exercise is prohibited by Applicable Law. If Lender excrcises this option, Lender shall give Borrow(,,'T notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notiee is given in accordance with Section 15 within which BorrOWt:r 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 remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets eertain conditions, Borrower shall have the right to have enforct:ment 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 other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had oecurred; (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 incurred for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such 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 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 forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurt:r's check or cashier's check, provided any such check is drawn upon an institution whose deposits arc insured by a federal agency, instrumentality or entity; or (d) Electronic funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. Howcvcr, this right to reinstate shall not apply in the case of acceleration under Section 18. 2002066148 1/(/(." ~ 2002066148 .-6A(NE) (0407),01 @ P'lJ011 of 15 Form 3028 1/01 60100-') 2(KI2()66148