201208268 - Laserfiche WebLink

Browse

201208268 If Lender exercises this option, 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 accordance with Section IS within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period,Lender may invoke any remedies permitted by this Security Instrwnent without further notice or demand on Borrower. 19. Borrowers Rightto ReinstateAfter Acceleration.If Borrower mee[s certain conditions, Borrower shall 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 any power of sale contained in tlris Security Instrume�t; (b)such other period as Applicable Law might specify for the termination of Borrower's right to reinstate;or(c)entry oF a judgment enforcing this Secwity Instrume�t. Those conditioos are that Borrower: (a)pays Lender all sums which t6en would be due under this Security Instrument and the Note as if no acceleration had occurred; (b)cwes any default of any other covenants or a�eements; (c)pays all expenses incwred in euforcing 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 Proper[y 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 Secucity Instrument, and Borrower's obligation to pay the sums secured by this Security Inshwnent, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms,as selected by Lender: (a)cash; (b)money order, (c)certiCied check,bank check,treasurer's check or cas6ier's check,provided auy such check is drawn upon an instiNtion whose deposits aze insured by a federal agency, instrumentality or entity; or(d)Electronic Funds Transfer. Upon reinstatement by Borrower, this Securiry Instrument and obligations secured hereby shall remain fully effective as if no acceleration had ocwrred. However, this right to reinstate shall not apply in the case of aceeleration under Section 18. 20. Sale of Note; Change of Loan Servicer;Notice of Grievance.T6e Note or a partial interest in the Note(together with tlus Security Instrument)can be sold one or more times without prior notice to Borrower.A sale might resuU in a change in the entity(known 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 Secvicer, Boaower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made and 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 the Note,the mortgage loan servicing obligations to Bonower will remain with the Loan Servicer or be transFerred to a successor Loan Servicer and are not assumed by the Note purchaser unless ot6envise provided by the Note pwchaser. Neither Borrower nor Lender may commence,join,or be joined to anyjudicial action(as either an individual litigant or the member of a class)that arises from the other party's actions pursuant to this Securiry Instrument or that alleges that the other party has breacheA any provision of,or any duty owed by reason of, this Sewrity 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 party hereW a reasonable period after the giving of such uotice to take corrective action. If Applicable Law provides a time period which must elapse before certain action can be taken,that time period will be deemed to be reasouable for purposes of this paragraph. The notice of acceleration and opportunity to wre given to Borrower pursuant to Section 22 and the notice of acceleration given to Bonower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this Section 20. NEBRASKA-Slrigte Famity-Fannie AAae/Fretltlle Mx UNIFORM INSTRUMENT WITH MERS Foim 3028 1/07 VMP� �MP6A(NE 1105.�0 Wdters Kluwer Financial Services Page 13 ot 17 �� , q03310769901 0233 185 1317