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200805023 There may be only one designated notice address under this Security Instrument at anyone time. Any noUce to Lender shall be given by delivering it or by malllng it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any noUce in connection with this Security Instrument shall not be.deemed to nave been given to Lender until actually received by Lender. If any notice required by this Security Instrument Is arso required under Applicable Law, the Appllcable Law requirement wiJI 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. Ail rights and obligations contained in this Security Instrument are subject to any requirements and Ilmllatlons 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 prohibllion against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note contlicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Securlly Instrument: (a) words 'of the mascullne gender shall mean and include corresponding neuter words or words of the femlniIle gender; (b) words In the singular shall mean and Include the piural and vice versa: and (c) the word "may" gives sole discretion wilhout any obligation to take any aclion. i7. 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 the Property" means any legal or beneficlalinterest 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, the intent of which is the transfer of tille by Borrower at a future date to a purchaser. If all or any part of the Properly 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 wrillen 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 exercise 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 accordance with Section 15 wlthin which Borrower must pay all sums secured by this Security Instrument. If Borrower falls to pay these sums prior to the expiration of tbis period, Lender may invoke any remedies permitted by this Security Instrument wilhout further nolice or demand on Borrower. . 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions. Borrower shall have the right to have enforcement uf this Securily Instrument discontinued at any lime 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 condlUons 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, Including, but not limited to, reasonable attorneys' fees, property Inspection and valuation fees. and other fees incurred for the purpose of protecting Lender's interestln 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 Ole 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. treasurer's check or cashier's check, provided any such check is drawn upon 3n inslllution whose deposils are insured by a federai 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. However, this right to reinstate shall not apply In the case of accelerallon under Section 18. 002005425058 ..6A(NE) (0407).01 m poge 11 or 15 .f:tlel C'Jc:r (' Inl1 ~ Form 3026 1/01 CllIMortllugc 3.2.15.13 VO