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200806847 There may be only one designated notice address under this Security Instrument at any one time Any notice to Lerxler 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 deemed to Ilave been given to Lerxler lUltil actually received by Lender. If any notice required by this Security Instrument is also required lUlder Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument 16. GoverlDling Law; Severability; Rules of Coostructnoo. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located A 11 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 affect other provisions of this Securily Instrument or the Note which can be given effect without the conflicti~ provision As used in this Security Instrument (a) words of the masculine gerxler shall mean and include corresponding 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's Copy. Borrower shall be given one copy of the Note and of this Security Instrument 18. Tran.sfer of the lP'roperty or a Beneficial In.terest in. Borrower. As used in this Section 18, " Interest in the Property" means any legal or beneficial 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 the intent of which is the transfer of title ~ 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 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 rotice of acceleration The notice shall provide a period of rot 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 remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleratnoo. If Borrower meets certain conditions, Borrower shall have the right to have enforcement 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 Lerxler 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 incwred 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 Lerxler s interest in the Property and rights lUlder 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 fonns, 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 an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby VM IF'-6A(NE) (0407).01 Paga 11 of1 5 Form 3028 1/01 IJ! ILk