201205535 - Laserfiche WebLink

Browse

201205535 If Lender exercises this oprion, 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 accorda.nce with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiratiott 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 AfterAcceleration. If Borrower meets certain conditions, Borrower sha11 have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale of the Property pursuant to aay power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specify for the termination of Bonower'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 Properly and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Properiy and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Inslrument, shall continue unchaaged. Lender may require that Bonower 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 institurion 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 sha11 remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of accelerarion under Secrion 18. 20. Sale of Note; Change of Loan Servicer; Nonce of Grievance. The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result in a change in the entity (laiown as the "Loan Servicer") that collects Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument, 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 change of the Loan Servicer, Borrower will be given written notice of the change which will state the na.me and address of the new Loan Servicer, the address to whicb payments should be made and any other information RESPA requires in connection with a notice of trazisfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower v�ill remain with the Loan Servicer or be transferred to a successor Loan Servicer and aze not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, j oin, or be joined 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 Inshument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the other par ,ty hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be ta.ken, that time period will be deemed to be reasonable for purposes of this paragraph. The norice of acceleraiion and opporbmity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 sha11 be deemed to satisfy the notice and opportunity to take correcrive action provisions of tlus Section 20. 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" aze those substances defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) `Bnvironmental Law" means federallaws and laws of the jurisdiction where the Properly is located that relate to health, safety or environmental protection; (c) "Environmental Cleanup" includes any response action, remedial action, or removal action, as defined in Environmental Law; and (d) an"Environmental Condition" means a condition that can cause, contribute tq or othervvise trigger an Environmental Cleanup. NEBRASKA -Single Famfly-Fannle Mae/Freddia Mac UNIFORM INSTRUMENT Form 3028 1/01 Page 10 of 12 ( , _�� n ,, ios, ina Borrower s Initlals ��. -� ��