420 LAUREL DR 2018-01-02 MF Import

notice address if sent by other means. Notice to any mhe Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify :.ender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through Mat specified procedure. 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 mail to Lender's address sated herein unless —Lender has designated arather address by notice to Bnrrower. Any notice in connection with this Security instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by Otis Security Instrument is also required tinder Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security tnswnmeut. 16. Governing Law; Severablllty; Rues or Construction. This Security Inswment shall be governed by federal haw and die law ri the jurisdiction in which the Property is located. All rights aid obligations contained in this Security luswruent are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent. but such silence shall not be construed as a prohibition agaitst agreement by contract. In the event that any provision or clause of this Security Iistrunhent or the Note conflicts with Applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without Ore conflicting provision. As used in Otis Security imswment: (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) die word "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 tlds Security lastrrmient. 18. Transfer or the Property or a Beneficial Interest In Borrower. As used in Otis Section 18, "Interest in the Property" means any legal or beneficial interest in die Property, including, but not limited to, those beneficial iuterests transferred in a Bond for deed, contract for deed, installment sales contract ,,r escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in die Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Leader's prior written consent, Lender ruay require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not 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 borrower must pay all sunis secured by this Security Instrument. if Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any minedies Permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shal! have Ore right to have enforcement of this Security Inswment discontinued at any time prior w the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in of this Security Instrument, (b) such other period as Applicable Law might specify for die termination se Borrower's right to mirLgate; or (c) entry of a judgment enforcing this Security instrument. Those conditions are that Borrower: (a) pays Lender all suns which then would be due under this Security Instrument and die Note as if no acceleration had occurred; (b) cures default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attcrnevs' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest m the Property and rights under this Security Inswment; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation m pay the sums secured by this Security Instrument, shall continue unchanged. lender nay require tat Borrower pay such reinstatement sums and expenses in one or mo;e of the following forms, as selected by Lender: (a) cash; (b) money order; (c) / '% r Initlalc (M•fi(WAI I00121 page 11 of 15 Farm 3048 1101 s