201201401 - Laserfiche WebLink

Browse

2 0�20140� designated a substitute notice address by notice to Lender, Borrower shall promptly notify Lendet of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of addtess, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address u.nder 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 stated fierein unless Lender has designated another address by notice to Borrower. Any notice in conae�tion with this Security Instrumeat shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this 5ecurity Instrument. 16. Gov�rningLaw; Severabllity;Rulesof Construction.Thie Security Inetrument shall be governed by federal law and the law of the jurisdiction itt which the Proper,ty is located. All rights and obligations contained in this S�urity Instru.ment are subject to any requiremenYs and lunitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agtee 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 of this Security Instrument 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 eff�t without the conflicting provision. � As used in this Security Inshument: (a) words of the masculine gender shall mean and include cortesponding neuter words or words of the feminine gender; (b) worda in the sittgular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. BoROwe�'sCopy. Bonower shall be given one copy of the Note and of this 5ecurity Instrttment. 18. Transferof the Propertyor a Beneficiallnterest in Borrow�r.As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those heneficial interests hansferred in a bond for deed, conttact for deed, installment sales conhact or escrow agreement, the intent of which is the transfer of title by Borrower at a future date ta a putchaser. If all or any part of the Property or any Interest in the Property is eold or hansferred (or if Borrower is not a natival person and a beneficial interest in Borrower is sold or hansferred) without Leader's prior written consent, Lender may require immediate payment in full of all svms 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 Bortower notice of accelerarion. The norice shall provide a period of not less than 30 days &om the date the notice is given in accordance with Section 15 within which Borrower must pay all sums se,cured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instnmient without further notice or demand on Bottower. 19. Borrower'sRlghtto ReinstateAfter Acceleratlon.If Borrower meets certain coaditions, Borrower shall have the ri�ht to have enforcement of this Security Instnunent discontinued at any time prior to the earliest of: (a) five days before sale of the Ptoperty pursuant to any gowet of sdle contained in this Se�vrity Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing 4his Security Ynshvment. Those conditions are that Bormwer: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing fhis Security Instrument, inoluding, but not limit� to, reasonable attorneys' fees, property inspe�tion and valuation fees, and other fees incurred for the purpose of protecting Lender's inter�t �P �SKASingle Femfly-FenNe Mae/Fredtlie Mac UNIFORM INSTRUMENT Form 30281/01 VMPB(NEJ {1106).00 Woltais {Quwer Finandel Sarvi�e pege 12 of 17 � C�