201209340 - Laserfiche WebLink

Browse

201209340 If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less lhan 30 days from the date lhe notice is given in accordance wilh SecUon 15 wi[hin which Borrower musl pay all sums secured by lhis Security InstrumenL [f Boreower fails to pay lhese sums prior to the expiralion of[his period, Lender may invoke any remedies permitled by this Securi[y Instrument withou[ further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of Ihis Security Instrument discontinued al any time prior tu lhe eadiest of: (a) five days before sale of Ihe Property pursuant to any power of sale contained in lhis Security Instrument, (b) such olher period as Applicable Law might specify for the terminalion of Borrower's righ[ to reinslale; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are lhat Borrower: (a) pays Lender all sums which lhen would be due under this Securi[y Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other wvenants or agreemenis; (c) pays all expenses incurred in enforcing this Sewrity Instrument, including, bul not limited to, reasonable a[lorneys' Cees, property inspection and valuation fees, and other fees incurred for lhe purpose of proteciing Lender's interest in the Property and righls under this Security Inslrument; and (d) takes such action as Lender may reasonably require to assure thal Lender's inlerest in the Property and rights under this Security Instrument, and Borrower's obligation lo pay the sums secured by this Security Instrument, 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) certified check, bank check. treasurer's check or cashier's check, provided any such check is drawn upon an institulion whose deposils are insured by a federal agency, instrumentality or enli[y; or (d) Eleclronic Funds Transfec Upon reins[a[ement 6y Bortower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleralion had occurred. However, this right[o reinstate shall not apply in the case of acceleration under Seclion 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in �he Note (logether with this Sewrity InstrumenQ can be sold one or more times withoul prior notice lo Borrower. A sale might result in a change in the entily (known as the "Loan Servicer") that colleds Periodic Payments due mider lhe Note and this Securily Instrument and performs other mortgage loan servicing obligations under the Note, lhis Security Instrument, and Applicable Law. There also mighl be one or more changes of the Loan Servicer unrelated ro a sale of lhe Note. If there is a change of the Loan Servicer, Borrower will be given written notice of lhe change which will stale the name and address of the new Loan Servicer, Ihe address [o which paymenls should be made and any olher information RESPA requires in connection wilh a notice of lransfer of servicing. If lhe Nole is sold and thereafter the Loan is serviced by a Loan Servicer olher than the purchaser of the Note, the morlgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are no[ assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as ei[her an individual litigant or Ihe member of a class) that arises from the other party's aclions pursuant to this Security Instrument or that alleges that the other pazty has breached any provision of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has nolified the ofher party (wilh such notice given in compliance with the requirements of Section 15) of such alleged breach and afforded t6e other pazty hereto a reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a [ime period which must elapse before certain action can be taken, that lime period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity lo cure given to Borrower pursuant ro Seclion 22 and [he nouce of acceleration given to Borrower pursuant ro Section 18 shall be deemed to satisfy the notice and opportunity lo lake corrective ac[ion provisions of Ihls Section 20. OO/t23233151 Q[I�ank 3.263.13 V3 NEBRPSKA-Single Famfly-Fan�ve Mae./Fretltlic Mao UN602M INSTRUMENT WI fH MERS Form 3028 V01 VMP� VMV6A(NE)(1105�.00 Wol[ers Kluwer Financial Services Page 13 of 1]