201201689 - Laserfiche WebLink

Browse

201201689 If Lender exercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period of not less than 30 days fi�om the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument.If Borrower fails to pay tUese sums prior to the expiration of this period,Lender may invoke any remedies 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 shall have the right to have enPorcement of this Securiry Instrument discontinued at any time prior to the earliest of:(a)five days before sale of the Property pursuant to any power of sale contained in this Security instrument;(b)such other period as Applicable Law might specify far the termination of Borrower's right to reinstate;or(c)entry of a judgment enforcing this Security Instrument.Those conditions are that Borrower: (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 this Security Instrument,including,but not limited to,reasonable attorneys' fees, property inspection and valuation fees,and other fees incurred for the purpose of protecting Lender's interest in the Properry and rights under this Security Tnstrument;and(d)takes such action as Lender may reasonably require to assure that Lender's interest in the Properry and rights under this Szcurity Instrument, and Borrower's obtigation to pay the sums secured by this Security Instrument,shall continue unchanged. Lender may require that Boirower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender.(a)cash;(b)money order,(c)certified check,bank check,treasurer's check or cashier's check,provided any such check is drawn upon an institution 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 remain fully effective as if no acceleration had occurred.However,this right to reinstate shall not apply in the case of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note(together with this SecuriCy Instrument)can be sold one or more times without prior notice to Borrower. A sale might result in a change in the entity(la�own as the"Loan Servicer")that collects Periodic Payments due under tl�e Note and this Sccurity Instrument and performs other mortgage toan servicing obtigations under the Note,this Securiry I�strument,and Applicable Law.There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note.If there is a cliange of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address o�f the new Loan � Servicer,the address to which payments should be made ac�d any other information RESPA requires iu connection with a notice of transfer of servicing.If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of die Note,the morYgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence,join,or bejoined to any judicial action(as either an individual litigant or the member of a class)that arises from the other party's actions pursuant to this Security Instrument or that alleges that the other party has breached airy provision of; or any duty owed by reason of,this Securiey Instrument,until such Borrower ar Lendee has notified the other parry(with such notice given in compliance�vith the requirements of Section I S)o£such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice Co take corrective action.If Applicable Law provides a time period wltich must elapse betore cartain action can be taken,tliat time period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunih�to cure given to Borrower pursuant to Section 22 and the notice of acceleratioi�given to Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. 88011585'10 88�1'159510 NEBRASKA-SingleFamily-Fannie MaelFreddieMac UNIFORM IM1STRUMENT WITH MERS Form 30281/01 ��P� VMPBA(NE7(1106) Wolte�s Kluwer Flnancial Services Pa3e 13 of 17