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<br />200902572
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<br />IS. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be
<br />in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have
<br />been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice
<br />address if sent by other means. Notice to anyone Borrower shall constitute notice to all Borrowers
<br />unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address
<br />unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall
<br />promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting
<br />Borrower's change of address, then Borrower shall only report a change of address through that
<br />specified procedure. There may be only one designated notice address under this Security Instrument at
<br />anyone time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to
<br />Lender's address stated herein unless Lender has designated another address by notice to Borrower.
<br />Any notice in connection with this Security Instrument shall not be deemed to have been given to
<br />Lender until actually received by Lender. If any notice required by this Security Instrument is also
<br />required under Applicable Law, the Applicable Law requirement will satisfy the corresponding
<br />requirement under this Security Instrument.
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<br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by
<br />federal law and the law of the jurisdiction in which the Property is located. All rights and obligations
<br />contained in this Security Instrument are subject to any requirements and limitations of Applicable
<br />Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be
<br />silent, but such silence shall not be construed as a prohibition against agreement by contract. In the
<br />event that any provision or clause of this Security Instrument or the Note conflicts with Applicable
<br />Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br />given etTcct without the conflicting provision.
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<br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include
<br />corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and
<br />include the plural and vice versa; and (e) the word "may" gives sole discretion without any obligation
<br />to take any action.
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<br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument.
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<br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest
<br />in the Property" means any legal or beneficial interest in the Property, including, but not limited to,
<br />those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or
<br />escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a
<br />purchaser.
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<br />If all or any part of the Property or any Interest in the Property_is soldQr transferred (or if Borrower is
<br />not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior
<br />written consent, Lender may require immediate payment in full of all sums secured by this Security
<br />Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by
<br />Applicable Law,
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<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall
<br />provide a period of not less than 30 days from the date the notice is given in accordance with Section
<br />15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to
<br />pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this
<br />Security Instrument without further notice or demand on Borrower.
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<br />19. Borrower's Right to Reinstate After Acceleration. I f Borrower meets certain conditions, Borrower
<br />shall have the right to have enforcement of this Security Instrument discontinued at any time prior to
<br />the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this
<br />Security Instrument; (b) such other period as Applieable Law might specify for the termination of
<br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those
<br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security
<br />Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other
<br />covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument,
<br />including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and
<br />other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this
<br />Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's
<br />interest in the' Property and rights under this Security' Instrument, ano,BOtTl!lwer's'obligation to pay the
<br />sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower
<br />pay such reinstatement sums and expenses in one or more of the following forms, as selected by
<br />Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check,
<br />provided any such check is drawn upon an institution whose deposits are insured by a federal agency,
<br />instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this
<br />Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration
<br />had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section
<br />18.
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<br />FormJ01~ 11111
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<br />809'2.~8522 - F"'.!>lE:9%-1 '6S
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