201207092 - Laserfiche WebLink

Browse

201207092 designated a substiCute notice address by notice to Lender. Borro�ver shall promptly notify I ender of Borrower's change of address. If Lender specifies a procedure for reporting$orrower's chanae of address, then Bcrrower shall�nly report a cl�ange of address through that specified procedLu-e. Thera may be only one designated notice address under this Seciirity TnsTrument at any one time. Any notice to Lender shall be given by delivering it oY Uy mailing it by first class mail to Lend�'s address sYated herein nnl�s Lender bas designaked another addr�ss by notice to Borrower. Any notice in connecfion wifli this Security Instrwnent shall uot be deemed to have baen given to Lender uniil actually received by Lendc�. lf any notice reqLrirui by this Security Instrument is also required undet�pplicablc Law, t71e Applicable I aw requuement will satisfy Uie corresponding requirenient under tlus Security Instnunent. 16. Governing Law; Severability; Rules of Construction. This Securiry Instrument shall be govemud by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Ins[rumc,nt are subject to any requirements and limitations of Applicalile Law. Applicable Law might explieitly or implicitly allow the parues to agree by conh-act or it might be silent, but such silence shall not be construed as a prahibition agauist agrcc�ne�xt by contract. In the evcnt that any provisian or clause of this Security Insaument or the Note conflicts with 9pplicaUle Law, such eonflict sball not affect o[her provisions of this Security Instnunenl or the Note�rhich can be given effect without the conflicting pro'visi0n. As used in this Security Instnunent: (a)words of thc masculuie gender shall mean and include corresponcling neuYei words or woids of the feminine gender; (b)words in the singulaz shall mean and include the piural and�tice versa; and(e)the word°may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Bcm-owzr shaR be given one copy of the Note and of this SecuriCy InsSrument. 18. Transfer of fhe Property or a Beneficial Interest in Borrower. As used in this Secrion 18, "Interest in the Property" me<�ns any legal or b�neficiat interest in the Property, including, but not limited[o, those beneficial interests fransferred in a bond for deed, contract for deed, instailment salcs contract or escrow ageement; the intent of��hich is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Inferest in the Properiy is solcl or transferred(or if Borrower is noC a natural person aad a beneficial interest in Borrower is sold or trausferred) nrithout Leuder's prior wrirten cons�t, Lender�nay require immediate payment in fiili of all sums secured by Lhis Security Instnunent. However, this option shall not Ue exercised by Lender if such cxercise is prolubited by Applicable La�. If L.,�nder exercises this option, Lender shall give Borcow�notice of acceleration. The norice shall provide a period pf not leSs than 30 days from the date the notice is given in aecordance witia Section 15 within which Borrower xnust pay all sums sec�,ued by Qiis Security Instrument. If Borrower fails Co pay these sums prior to the expiration of this period, Lencier may invoke any remedies pennittcd by this Security instnunent without i�sther notice or demand on Borrower. 18. Borrower's Righ4 #o Reinstate After Acceleration. If Borrower meets cenain conditions, Borrower shall}�ave the right to have entorcement of this Security Inshumen[discontinued at any time prior to flic euliest of: (a) five days before sale of the Properry pLmuant to an�r power of sale containcd in this Szcurity Instrument; (b) such other period as Applicable Law might specify for the[enninalion of Barrower's right to reinstate; or(c) entry of a judgment enfarcing this Security Instrument Those condiGons are that Borrower: (a)pa}�s Lender a11 sums which then would be due under this Security Instrument and the Note as if no acceleraYion hacl occui-red; (b) cures any default of any omer covenants or agreements; (c)pays all expenses incurred in enforcing this Security Instrument, including, 6ut not liuuted to, reasonable akCc�rneys' fees, property inspectlou and valua.rion fees, and otha fees inc�ted for the puipose of protecting Lendei s interest 24001932 NG9:�SKASingleFanly-Far�nieh1aelFrydtlieA9acUMFORPA INSTRl11v1rT�T Form3028 V�1 Vh1P(g VM P6(NE)(1105) Wol.ets KluwerFinancial Services Page 12 of t1