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�oioos5ss There may be only one designated notice adc.�'ess under this S�curity Instrument at any one time. Any notice to Lender shall be given by delivering it ar by mailing it by �rst class mail to Lender's address stated herein unless I,ender has desi�nated anUther adciress by notice to Borrower. Any notice in connection with this Security Instrument shall nc�t be deemcd to have been given to Lender until actually received by Lender. If any i�otice requirc:d by this Security Instrument is also required under Applicable Law, the Applicable Law requiremcnt will satisfy the corresp<mding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall bc governed by federal law and the law of the jurisdictian in whicl� tlae Property is located. Alt rights and obligations contained i❑ this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to a�;ret 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 af this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisic�ns of this Security Instrument or 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 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 acCion, 17. Borrower's Copy. Barrower shall be given one copy of the Note and of this Security Instrurnent. l8. Transfer af the Praperty or a Iieneficial Interest in Borrower. As used in this Section 1 S, "Interest in the Property" means any lcgal c�r bent;ficial interest in the Property, including, but not limited to, those beneficial int�rests trxnsfcrrcd in a bc>nd for deed, contract for deed, installment sales contract or �scrow a�;rcement, the intent of which is the transfe;r of title by Borrower at a future date to a purchaser. If all or any part of th� Property or any Tntcrest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in I3c>rrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in fitll of all sums sccured by this Security Instrument. However, this option shall not be exercised by I,cndcr if such exercise is prohibited by Applicable Law. If Lender exercises this �ption, Lender shall give $arrower notice of acceleration. The natice shall provide a period of not less than 3Q days from the date the notice is given in accordance with Section 1 S within which Borrower must pay all sums secured by this Security Instrument. If Bc�rrower fails to pay these sums prior to the expiration of this period, Lender may invake any remedies permitted by this Security Instrument without further notice or demand on Borrqwer, 19. Borrower's Ri�hk to Reinskate After Acceleration. If Barrower me�;ts 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 Praperty pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might spccify for the termination of Borrower's right to reinstate; ar (c) entry af a judgment enforcing this Security Instrument. Thase conditions are that Borrower: (a) pays Lender all sums which thcn would be due under this Security Instrument and the Note as if na acceleration had accurrc;d; (b) c:ures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrurnent, including, but not limited to, reasonable attarneys' fees, praperty inspectian and valuation fecs, and other fees incurred for the purpose of protecting Lender's interest in the Froperty and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Froperty and rights under this Security Instrument, and $orrower's obligation to pay the sutns secured by this Security [nstrument, shall continue unchanged. Lender may require that Borrower pay such rcinstatement sums and expenses in one or more of the following forms, as selacted 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 depc>sits are insured by a federal agency, instrumentality or entity; or (d) �lectronic Funds Transfer. Upon reinstatement by Borrow�r, this Security lnstrument and obligations secured hereby �-6(NE) �oao��.o2 � ig: � 1. P�e 11 of 15 1111056141 Form 3028 1101