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24Q947299 There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by First class mall to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any . notice in cannecdon with this Secuxity Instrttmen[ shall not be deemed to have been given fo Lender until actually received by Lendex. IF any notice required by this Security Instrument is also xequired under Applicable Law, the Applicable Law requirement will satisfy the cnrxespanding requirement under this Security Instrument. 16. C3ovarning Law; Sevarability; Rules of Construction. This Security Iustrument shall be governed by federal law and the taw of the jurisdiction in which the Property is located. All rights and oblations contatned in this Security Instrument are subject to any requirements and limitations of App i.cable Law, Applicable Law might explicitly ox implicitly allow the parries to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agxeement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law. such conflict shall oat affect other provisions of this Security Instrument nr the Nate which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender shall mean and tnclude corresponding neuter woxds or wntds of the feminine gender; (b) words In the singular shall mean and include the plural and vice versa; and (c) the ward "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 Ben®f"ictal Interest iti Borrowar. As used iti this Section 1$, "Interest in the Pxaperty" means any legal or beneficial interest in the Property, including, but oat limited to, those beneficial Interests transferred !n a bond for deed, contract for deed, installment sales contract nr escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any paxt of the Property nr any Interest in the Property is sold or transferred (ar if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent. Lendex may require immediate payment in full of all sums secured by this Security Instrument. Hawevet, this option shall nok 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 within which Harrower 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 Harrower. 19. Borrower's Right to Reinstate Attar Accalaration. R $orrower meets certain conditions, Borrower shall have the right to have enfoxcement 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 iri this Security Instrument; (b) such other period as Applicable Law might specify For the termination of Borrower's right to reinstate; ar (c) entry of a judgment enfoxcmg this Security Instrument. Those conditions are that Burrower; (a) pays Lender all sums which then would be due under this Security Instrument and the Nnte as iF no acceleration had occurred; (b} cures any default of airy other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but oat limited ta, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Pxoperty 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 Instntment, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged, Lender may require that Borrower pa such reinstatement sums and expenses in one or mare of the fallowing forms, as selected by Lender: ~} 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 ar entity; or (d) Electrnuic k'unds 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 acceleration under Section 18. 001120699230 [()t)112t)d99230] NFISKA -Single Family - 1=anrue Mae/F=reddla Mac UNIFORM INSTRUM~iT WIT -BA(Nq (oaiol Page 11 or 15 i~ave~s: Form 3028 1/01