201206260 - Laserfiche WebLink

Browse

201206260 15. 1Votices. All notices given by Borrowex or Lender in connection with this Security Instrmnent must be in writing. Any notice to Borrower in connecrion with this Security Inshvment shaIl be deemed to have been given to Borrower when mailed by first class mail or when acwaily delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to aII Borrowers unless Applicable Law e�cpressly requires otherwise. The noflce address shall be the Property Address unless Borrower has designated a substitute notice address by norice to Lender. 73orrower shall promptiy norify Lender 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 tluough that specified procedure. 'i'here may be only one designated norice address under ihis Security Instrument at any one rime. Any nofice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein imless Lender has designated another address by notice to Borrower. Any notice in connecrion with this Security Instrument shall not he deemed to have beea given to Lender unTil actually received by Lender. I£any notice required by this Security Instrument is also required under Applicable Law,the Applicable Law requuement will sarisfy the corresponding requirement under this Security Instrument 16. Goveaning Law; SeverabiliTy; Rules of Construction. 11us Security Instrument shall be govemed by federal Iaw and the law of the jurisdictioa in which the Properry is located. All rights and obligarions contained in this Security Inshument are subject to any requirements and limitations of Applicable Law. Applicable Iaw nught explicitly or intplicitly aAow the parties to agree by comract or it might be sifent, but such silence shall not he construed as a profubirion against a�eement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts wiih Applioable Law,such conflict shall not affect other provisions of this Security Inshument or the No�which can be given ef#'ect without the conflicting pmvasion. As used in this Security Inshv�ment: (a)words of the masculine�ender shall mean and include correspond'mg neu�r words or words of the feminine gender, (b)words iu#he singulaz shaU mean and include the plural and vice versa;and(c}the wozd"may"gives sole discretion without any obligation to take any actioa 17. Borrower's Copy. Bonrower shall be given one copy of the Note and of this Secutity Tnshvment. 18. Transfer of the Property or a Beneficial Interesl in Borrower. As used in this Secrion 18, "Interest in the Property" means any legat or beneficial interest in the Property, including, but not limited to, those beneficial intezests transfeired in a bond for deed, contract for deed, installment sales contract or escrow agreement,the intent of which is the transfer of title by Borrower at a fuhue date to a purchaser. If all or any part of the Properry or any Interest in the Propez#y is sold or transferred(or if Borrower is not a nahaaI person and a beneficial interest in Bonower is sold or uans£exred}without Lender's prior written consent, Lender may requize immediate payment in full of all sums secured by this Security Insuument However, this option shall not be exercised by Lender if such euercise is prolubited by Applicable Law. If Lender exercises this optaon, Lender shall give Bonower notice of acceleration. The notice shall provide a period of not less than 30 days from tfie date the norice is given in accordance with Section 15 witfiizt which Borrower must pay ali sums secured by this Security InsAument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand om Borrower. 19. Bonower's Righf to Reinstate After Aeeeleration. If Borrowez meets certain conditions,Borrower shall have the right to have enforcemenY of tais Security Instrument discontinned at any time prior to the earIiest of: (a) five days before sale of the Property pursuant to any power of sale confaiz3ed in this Security Instrnment; (b)such other period as Applicable Law might specify for the termina6on of Borrower's right to reinstate; or(c)enhy of a judgment enforcing this Seauity Inshvment Those conditions aze that Bozrawer: {a)pays Lender all sums which then would be due�mder this Security Insin�ment and the Note.as if no acceleration had occiured; (b) cises any default of any other covenants or agreements; (c) pays all e�cpenses incwzed in enforeing this Security Instrument, including, bui not limited to,zeasonable attorneys' fees,property inspecrion and valuarion £ees, and other fees incurred for the purpose of protecting Lender's interest in the 1'roperry and rights under this Security Instrumern; and(d)takes such action as Lender may reasoaabiy require to assure that Lender's�teresi in the Property and rights under this Security Inshvment,and Borrower's obligation to pay the st�s secured by this Security Instniment,shall continue unchanged. Lender may require that Borrower pay snch reinstatement sums and expenses iu one or more of the following forms,as selected by Lendez:(a)cash;(b)money order;(c)certified cfleck,bank check,treas�uez's check or cashier's check, provided any such oheck is drawn upon an institurion whose depos8s aze insured by a federal agency, inshvmentatity or entity; or{d)Elech�onic Funds Traasfer. Upon reinstatement by Borrower,this Security Instrument and obligafions secured hexeby shall remain fully effective as if no acceleration had occutred. �owever,this right to reinstate shall not apply in tlae case of accelerarion under Section 18. 20. Sale of Note; Cha¢ge of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together wiffi ihis Security Inshvment) can be sold one or more times�)w�qut pzio�r,nqtice m Borrower. A saie Initials- ff �� NESILASICA—Single Fsmi[y—Fannie Mae/Freddle Mac LiNIFOHM INSTILUMENT , Form 3028 1N1 (pnge 9 ojl3 pages)