201205304 - Laserfiche WebLink

Browse

20120530� prepayment chazge (whether or not a prepayment charge is provided for under the Note). Bonower's acceptance of any such refund made by direct payment to Bonower will constitute a waiver of any right of action Borrower might have azising out of such overchazge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Bonower in connection with this Security Instrument shall be deemed to have been given to Bonower when mailed by first class mail or when actually delivered to Bonower's notice address if sent by other means. Notice to any one Bonower sha11 constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Properiy Address unless Borrower has designated a substitute notice address by notice to Lender. Bonower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Bonower's change of address, then Bonower sha11 only report a change of address through that specified procedure. There may be only one designated notice address under this Se,curity 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 herein unless Lender has designated another address by notice to Bonower. Any notice in conne,ction with this Se,curity Instrument shall not be deemed to have been given to Lender until actually r�;eived by Lender. If any notice required by this S�urity Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the conesponding requirement under this Security Instrument. 16. Governing Law; Severability; Rul�s of Construction. This S�urity Instrument sha11 be govemed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this S�urity Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or unplicitly a11ow the parties to agree 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 effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singulaz sha11 mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Bonower shall be given one copy of the Note and of this Security Insmiment. 18. Transfer of the Property or a Bene�cisl Interest in Borrower. 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 beneficial interests transfened in a bond for de,ed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Bonower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transfened (or if Borrower is not a natural person and a beneficial interest in Bonower is sold or transferred) without L.ender's prior written consent, Lender may require unmediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such ezercise is prohibited by Applicable Law. If Lender exercises this option, Lender sha11 give Bonower 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 sums secured by this S�urity Instrument. If Bonower fails to pay these stuns prior to the expiration of this period, Lender may invoke any remedies permitted by this S�urity Instrument without further notice or demand on Bonower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Bonower sha11 have the right to have enforcement of this Security Instnunent 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 for the temunation of Bonower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions aze that Bonower: (a) pays Lender a11 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 S�urity Instrument, including, but not limited to, reasonable attomeys' fees, property inspection and valuation fees, and other f�s incurreci for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this S�u�t�y, ,� -- NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/O1 Page 10 of 14 Ne3028.dot.�l