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20�10�15� specifi � a procedure for reporting Borrower's change of address, then Bonower shall only report a change of address throug that specified procedure. There may be only one designated notice address under this Security Instrument at any ne time. Any notice to Lender sha11 be given by delivering it or by mailing it by first class mail to L,ender's address stated herein unless Lender has designated another address by notice to Bonower. Any notice in connection with s Security Instrument shall not be deemed to have been given to L.ender until actually received by Lender. If any otice required by this Security Instrument is also required under Applicable Law, the Applicable Law require ent will satisfy the conesponding requirement under this Security Instrument. 1. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal aw and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this S urity Instrutnent are subject to any requirements and limitations of Applicable Law. Applicable Law might explicit y or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be constru as a prohibition against agreement by contract. In the event that any provision or clause of this Security Inst ent or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Inst ent or the Note which can be given effect without the conflicting provision. A used in this Security Instrument: (a) words of the masculine gender sha11 mean and include conesponding neuter ords or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; d(c) the word "may" gives sole discretion without any obligation to take any action. �. Borrower's Copy. Bonower sha11 be given one copy of the Note and of this Security Instnunent. 1. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Pro erty" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interes transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of whi h is the transfer of title by Borrower at a future date to a purchaser. I a11 or any part of the Properiy or any Interest in the Property is sold or transfened (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transfened) without. Lender's prior written consent, Lender ma.y require immediate payment in full of a11 sums secured by this Security Instrument. However, this option shall n t be exercised by Lender if such exercise is prohibited by Applicable Law. I Lender exercises this option, Lender shall give Bonower notice of acceleration. The notice shall provide a period f not less than 30 days from the date the notice is given in accordance with Section 15 within which Bonower must p y all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this pe iod, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on not 1 have tY five da other � judgm� then w� of any but no� purpos action Instnu I.ende� as sele� provid or enti secure� not ap� 2 (togetY result : and th. Instrut of the : state tl infonr the L.o to Bor by the until s of Sec notice can bf �. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower sha11 ; right to have enforcement of this Security Instrument discontinued at any time prior to the eazliest of: (a) �s before sale of the Property pursuant to any power of sale contained in this S�urity Instrument; (b) such ;riod as Applicable Law might specify for the termination of Bonower's right to reinstate; or (c) entry of a nt enforcing this Security Instrument. Those conditions are that Bonower: (a) pays Lender all sums which uld be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default �ther covenants or agreements; (c} pays a11 expenses incurred in enforcing this Security Instrument, including, limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the ; of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such s Lender may reasona.bly require to assure that Lender's interest in the Property and rights under ttus Security ent, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. may require that Borrower pay such reinstatement suins and expenses in one or more of the following forms, ted by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, d any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality �; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall ly in the case of acceleration under Section 18. I. 5ale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note ;r with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might i a change in the entity (known as the "L,oan Servicer") that collects Periodic Payments due under the Note � Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security �ent, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale fote. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will � name and address of the new Loan Servicer, the address to which payments should be made and any other �tion RESPA requires in conn�tion with a notice of transfer of servicing. If the Note is sold and thereafter n is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations ower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed Vote purchaser unless otherwise provided by the Note purchaser. either Bonower nor Lender may commence, join, or be joined to any judicial action (as either an individual or the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that that the other pariy has breached any provision of, or any duty owed by reason of, this Security Instrument, ch Borrower or Lender has notified the other party (with such notice given in compliance with the requirements .on 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such o take corrective action. If Applicable Law provides a time period which must elapse before certain action taken, that time period will be deemed to be reasonable for purposes of this paragraph. The notice of �tion and opporiunity to cure given to Bonower pursuant to Section 22 and the notice of acceleration given Form 3p28 1 /01 Family--Fannie Mae/Freddie Mac IF�iM INSTRUMENT - MERS Page 8 of 11 DodNeg/c � www. docmagic. com Ne3028.mzd.�1