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200803233 There may be only one designated notice address under this Security Instrument at anyone time. Any notice to l.,ender 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 be deem~d to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable 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 Unplicitlyallow the parties to agree by contract or it might be silent, but such silence shall not he construed as a prohibition against agreement by contract In the event that any provision or clauSe of this Seeurity Instrument or the Note, conflicts ,with Applicable Law ,such contlict shall not affect other provisions of this Security lnstl1ll1lentor' the Note which can be given effectwithout the conflicting provision: , " , , ' , ",', " ' As used in this Security InstrUment: (a) words of the masculine gender shall mean and include correspon<;ting neuter words or words of the feminine gender; (b) words in the singUlar shall mean and include the plural and vice versa; and (c) the word "may' gives sole discretion without any obligation to take any action. . .. ... ... '.. .... . 17. Borrower'sCopy.Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property ora B~d1cial Interest in Botrower. Afl used in thifl .Section 18, "Interest in the Property" .means ,any legal or beneficial interest in the Property,. including, . but not limited to, those beneficial int~reststransferred in ~ bondfordeed,contraet 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. 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 writtenconflent, Lender may require immediate payment in full. of all sums secured by this Security Instrument. However, this optionshal.1 not be exercised by Lender if such exercise is prohibited by Applicable Law. . .. . . .. . If.Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a pedodof 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,l.ender may invoke anyreme<lies permitted by this SeCurity Infltrument without further notice or demand. on Borrower. . . 19.. Borrower's Right to Reinstate' After Acceleration. ~f Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earli~t of: (a) five days before. sale of the Property pursuant to i;Uly power of sale contained in this Security InstTU1nent; (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 occurred; (b) cures any default. of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, induding, but not limited to, reasonable attorneys' tees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Leilder's interest in the Property and. rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to aSsu.te that Lender's interest. in the Property and right~under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue uncbi;Ulged. Lender may require that Borrower pay sucll 1-einstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bilnk.cbeck, treasurer's check. or cashier's check.,.prQvided any such check is drawn upon an institution whose deposits are insured by a federalagency,iIlStrutilentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and Obligations secured hereby 0110280078 e-6INEII04071.02 l@) Pa\l<O 11 of 15 IOIlI"Ill:.) 1"1(' (/ 6 ft, Form 3028 1 f01