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20�107147 There y be only one designated notice address under this Security Instrument at any one time. Any notice o Lender shall be given by delivering it or by mailing it by first class ma.il to Lender' s address stated erein unless Lender has designated another address by notice to Borrower. Any notice in conn 'on with this Secwity Instrument shall not be deemed to have been given to Lender unhl actually receive by Lender. If any notice required by this Security Instrument is also required under Applicable Law, e Applicable Law requirement will satisfy the conesponding requirement under this Security 1. Governing Law; Severability; Rules of Construction. This Security Instrument sha11 be govern by federal law and the law of the jurisdiction in which the Property is located. All rights and oblig ons contained in this S`ecurity Instrument are subject to any requirements and limitations of Appli le Law. Applicable Law might explicitly or implicitly a11ow the parties to agree by contract or it might e silent, but such silence sha11 not be construed as a prohibition against agreement by contract. In the ev nt that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, s ch conflict sha11 not affect other provisions of this Security Instrument or the Note which can be given �ffect without the conflicting provision. used in this Security Inslrument: (a) words of the masculine gender shall mean and include corres onding neuter words or words of the feminine gender; (b) words in the singulaz shall mean and includ the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take action. 1. Borrower's Copy. Bonower shall be given one copy of the Note and of this Security Instrument. 1. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Inter in the Property" means any legal or beneficial interest in the Property, including, but not limited to, tho e beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escro agreement, the intent of which is the transfer of title by Bonower at a firture date to a purchaser. I all or any part of the Property or any Interest in the Property is sold or transfened (or if Borrower is not natural person and a beneficial interest in Bonower is sold or transfened) without Lender' s prior writt consent, Lender may require immediate payment in full of all sums secured by this Security ent. However, this option shall not be exercised by Lender if such exercise is prohibited by Appli le Law. I Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provid a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Bonower must pay a11 sums secured by this Security Instrument. If Borrower fails to pay these ums prior to the expiration of this period, Lender may invoke any remedies permitted by this Securi Instrument without further notice or demand on Bonower. 1. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Bono er shall have the right to have enforcement of this Security Instrument discontinued ai any time prior the earliest of: (a) five da.ys before sale of the Property pursuant to any power of sale contained in this S curity Instrument; (b) such other period as Applicable Law might specify for the termination of Bono er's right to reinstate; or (c) entry of a judgment enforcing this Security Inst�ument. Those condi ons are that Bonower: (a) pays Lender a11 sums which then would be due under this Security ent and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agree ents; (c) pays a11 expenses incurred in enforcing this Security Instrument, including, but not limited to, r onable attomeys' fees, property inspection and valuation fees, and other fees incurred for the purpo e of protecting Lender' s interest in the Property and rights under this Security Instrument; and (d) takes uch action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Bonower' s obligation to pay the sums secured by this Security ent, sha11 continue unchanged. Lender may require that Borrower pay such reinstatement sums and exp es in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certifi check, bank check, treasurer' s check or cashier' s check, provided any such check is drawn upon an ''tution 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 shall emain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 2200158219 D V6ANE NEB SKA - Single Femily - Fannie Mee/Freddie Mec UNIFORM INSTRUMENT WITH MERS �- AINE) tos�ol Pege 11 of 15 tr,�teis: � Form 3028 7/07 �