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2 0110307i There may be only one designated notice address under this Security Instruraent at any one time. Any not�ce to Lender shall be given by deliverL� it or by mailing it by first class mail to Lender's address stated herein unless I,ender has designat another address �y notice to Borrower. Any notice in connection with tlils Securtty Inshvment shalI not be deemed to bave been�iven to Lender until actually received by Lender. If any no8ce required by tMs Secm3ty Instrnment is a�so required under Appllcable Law, We Applicable Law requirement will satisfy the correspond9ng requ�rement under this Security InsUument. 16. Governing Law; 3ev�abiMy; Rntes of Constrncriaa. Thfs Secnrity Instrumeni shall be governed by federal law aad the law of the,jurlsdiction in which the Property is loc�ted. All rights and obllgatiom contair►ed in this Securlty Inshvment are subJect to any requirements and limitaUons of Appllcable Law. Applicable Law�ni�6t expliciHy or implicitly ailow the parties to agree by contract or it might be silent, but �ch silera:e I�1 noi be construed as a prohilbitlon against agreement by contract. In the event that azry provlsion or clause of this Sec�urity Instrument or the Note conflicts with Appllcable Law, such conflict shall not affect other provYsions of this Securlty Inshvment or t6e Note which cau be given effect wlthout the conflicting provision. As t�sed ln this Securilty Inshvment: (a) words of the mascullne gender shall mean and include corresponding neuter words or words of the feminine gender; (� words in the singular shall mean and include the plural and vice versa; and (c) t6e word "may" �ives sole discretYoa without aay obltgation to take auy actton. 17. Borrowa's Copy. Borrower shall be given ane copy of the Note and of this Security Instrument. 18. Transf� of the Prc�exty ua a Bene$cial Intarest in Borrower. As used in this Section 18, "Interest in the Pmperty" means any legal or bene�dal interest itt the Property, including, but not lim�tied to, those bene8cial ir�terests transfeired in a bond for deed, contract for deed, InstaUment sales contract or escrow agreemeat, the intent of which ls the tiansfer of title by Barrower at a future date to a purchaser. If all or any part of the Property or azry Tnterest in the Property is sold or transferred (or if Borrower is not a natural person and a beneflcial9nterest tn Borrower is sold or transferred) without Lender's prior wrltten consent, Lender may requlre immediate payment in fuXl of all sums secured by this Security Instrument. However, this opdon shall not be exercised by Lender if such exercise is prohibited by Applicable I.aw. If Lender exercises this opfloa, Lender shall give Borrower notice of acceleration. The notice shall provide a pedpd of not less thau 30 days from the date the notice is given ia accordance with Section 15 within which Borrower must pay ail sums sece�red by this Security Inshument. If �orrower fails to pay Wese sums prior to the expiration of tLis period, Lender may invoke any remedies �rmitted by tlils SECUrIty Inshvment without further notice or demand on Borrower. 19. H�orrow�' a Right to Rainetate Afta Acoeleration. I#' Borrower meets certain condiflons, Bonrower shall have the rIght to have enforcement of this Secaarity Iashvment discontinued at any time prIor to the earliest of: (a) tive days �fore sale of the Property pursuant to amy ppwer of sale coniained 9r► this Secur3ty Instrument; @) such other �riod as Applicable Law might specify for the teru�inaflon of Borrower's rlght to reinstate; or (c) entry of a judgnnent euforcing this Security Instr�ment. Those condiHons are that .Borrower: (a) pays Lender alI sums which then would be due under this Security Instrume�t and the Note as if no acceleration had nccurred; @) cures any defauit of any other covenauts or agreements; (c) pays all expen�s 9ncurred in enfordng this Secutlty Inshvment, including, but not limited to, reasonable attorneys' fees, pmperty inspecflon and valuaflon fee.s, and other fees incmred for the purpose of protecting I.ender's interest ia the Pro�rty aad rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure t}iat Lender's interest ln the Property aad rights under tWs Security Instrument, and Borrower's obligation to pay the sums secured by this Securlty Instrument, s6ail continue ed. Lender may require that Berrower pa such reinstaternent sums and expenses in one or more o�ollowIng forms, as selected by Lender: �) cash; (b) money order; (c) certitied check, banic check, treasurer's check or cashier's check, provlded amy such check is drawn upon an institutlon whose deposits are insured by a federal agency, insh�umentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, thls Secuc�ty Instr�ment and obligafloas secured hereby shall remain fully effective as if no acceleration had occuned. However, this rlght to reinstate shall not apply in the case of acceleraHon under Section 18. 001122399875 Cit�Iortgage 3.2.45.41 V2 N�Rl1SICA - Single Family - Fennle Mae✓Freddie Mec UNIFOFn1A INSTFaJMBJT �-8A(Nq (a�o) �e i� or�s i,�ums Forrr� 3028 1/01