201303694 - Laserfiche WebLink

Browse

Governing Law; Severabil of Nebraska. In the event Applicable Law, such confli given effect without the co are declared to be severable. Borrower's Right to Rein enforcement of this Securi period as Applicable Law contained in this Security conditions are that Borrowe and the Note as if no accel pays all expenses incurred fees to the extent permitted lien of this Security Instrum by this Security Instrument and the obligations secured right to reinstate shall not a Beneficial Interest in Borr © 2004 -2012 Compliance Systems, Inc. EECO -: DOB - 2011L2.6.544 Consumer Real Estate - Security Instrument D 036 201303694 ty. This Security Instrument shall be governed by federal law and the laws of the state at any provision or clause of this Security Instrument or the Note conflicts with t shall not affect other provisions of this Security Instrument or the Note which can be icting provision. To this end the provisions of this Security Instrument and the Note Borrower's Copy. Borrowe shall be given one copy of this Security Instrument. Transfer of the Property i r a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) unless the ote shows that Borrower's loan is assumable, Lender may, at its option, require immediate payment in full • f all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exers ise is prohibited by federal law as of the date of this Security Instrument. If the Note shows that Borrower's loan i. assumable, Borrower must obtain Lender's written permission for an assumption and follow any other requiremen of Lender related to an assumption. If Borrower does not do so, Lender may require immediate payment in full o all sums secured by this Security Instrument. If Lender exercises this op pion, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than the t t um number of days established by Applicable Law from the date the notice is delivered or mailed within hich Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prio to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without t er notice or demand on Borrower. tate. If Borrower meets certain conditions, Borrower shall have the right to have Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other y specify for reinstatement) before sale of the Property pursuant to any power of sale nstrument; or (b) entry of a judgment enforcing this Security Instrument. Those : (a) pays Lender all sums which then would be due under this Security Instrument ration had occurred; (b) cures any default of any other covenants or agreements; (c) enforcing this Security Instrument, including, but not limited to, reasonable attorneys' y law; and (d) takes such action as Lender may reasonably require to assure that the nt, Lender's rights in the Property and Borrower's obligation to pay the sums secured hall continue unchanged. Upon reinstatement by Borrower, this Security Instrument ereby shall remain fully effective as if no acceleration had occurred. However, this ly in the case of acceleration under the section titled Transfer of the Property or a wer. Sale of Note Change of L an Servicer. The Note or a partial interest in the Note (together with this Security Instrument) may be sold on or more times without prior notice to Borrower. A sale may result in a change in the entity (known as the "Lo. Servicer") that collects periodic payments due under the Note and this Security Instrument. There also may a e one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servic - r, Borrower will be given written notice of the change in accordance with the section titled Notices and Applicab e Law. The notice will state the name and address of the new Loan Servicer and the address to which payments should be made. The notice will also contain any other information required by Applicable Law. Hazardous Substances. Bo ower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in viola on of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on e Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal esidential uses and to maintenance of the Property. Borrower shall promptly giv- Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regula •ry agency or private party involving the Property and any Hazardous Substance or Environmental Law of w 'eh Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory uthority, that any removal or other remediation of any Hazardous Substance affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph, " azardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides . d herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As us;d in this paragraph, "Environmental Law" means federal laws and laws of the state of Nebraska that relate to heal � , safety or environmental protection. Acceleration; Remedies. nder shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant o agreement in this Security Instrument (but not prior to acceleration under the section titled Transfer of t e Property or a Beneficial Interest in Borrower, unless Applicable Law provides otherwise). The notice sha specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than the minimum number of days established by Applicable Law from the date the notice is given to Borrower, by which th : default must be cured; and (d) that failure to cure the default on or before the date specified in the notic : may result in acceleration of the sums secured by this Security Instrument and sale of the Property. To th • extent permitted by law, the notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a court action to assert the non - existence of a default Page 4 of 5 www.compliancesystems.com