201401386 - Laserfiche WebLink

Browse

��14�135� I f Lender exercises this aptian, Lender shal� give Borrower notice of aceeleratian. The notice shal� pr��ide a per�od of not less than 34 days from the date the not�ce is gi�en �n accordance vvith 5ection 15 within which Borrower m ust pay a11 sum s secured by th�s Secur it}�I nstrum ent. �f Borrower fai 1 s�o pay�hese sum s prior to the expirati on of th7s period, Lender may invoke any remedies permitted by�his Security Instrumen�without fur�her notice or demand an Barrawer. 19. I3orrowerts Right to Reinstate After ACCeleration. If Borrower meets cer�ain condit��ns, Barrower shal� ha�e th�right ta ha�e enforcement of this Security Instrumen� discnntinued at any time prior to the ear�iest of: �a� fi�e days before sale of the Property pursuant ta any power of sale contained in this Security �nstrument; (b} such other period as App�icable Law might specify for the termination flf Borr�wer's r�ght#o reinstate; or �c� entr}� of a judgment enforcing thi� Security Instrument. Those conditions ar�that Borrower: �a�pays Lender aIl sums wh�ch then would be due under this Security Instrument and the Na�e as if no acce�eration had occurr�d;�b}cur�s any default af any other covenants ar agreements;�c}pa�s a�l expenses incurred in enforcing this Security�nstrument, including, but n�t l�mited to, reasanab�e a��arneys' fees, property inspection and�aluation fees, and ather fees incurred far the purpose of pro�ecting Lender's interest in the Property and rights und�r this Security instrument; and�d}�akes such action as Lender may reasonably require to assure�hat Lender's interest 1n the Property and r�ghts under�his Security Instrument, and Borrower's ob]igation�o pay the sums secured by�his S�curity�ns�rument, shall�ontinue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one flr more of the fol�owing forms, as sele�ted by Lender: �a}cash;�h}maney ord�r;�c�certified�heck,bank check,treasurer's check or�ashi�r's check, pro�ided any such check is drawn upon an insti�ut�an whose deposits ar�insur�d by a federa l ageney, instrumenta li�y or entity; or�d}Electronic Funds Transfer. Upon reinstaterne�t by Borrower,this Securit}�Instrument and ob�igations secured hereby shal� remain ful�y effec��e as�f no acce�eration had�ccurred. Howe�er, this r�ght to reinstate shall not apply }n the case of accelerat�on under Section 1 S. 2U. Sal�af Note; Change of Loan Ser�Ycer; Natice of Grie�anc�. The No�e or a partial interest in the Note �together with this Security�nstrument}can be sald one or more times vWithout prior notice to Borrower. A sa�e migh� result in a change in�he entity �known as the "Laan Ser�icer"}that c�ilects Feriodic Payments due under the No�e and this Security Instrument and performs other mor�gage �oan s�r��cing obligati�ns under the Note, �his Security Instrument, and Applicable Law. There also might b�one�r more changes�f the L�an Ser�lcer unrelated to a sale of the Note. If there is a change af the Loan Ser�icer,Borrower vvil�be gi�en written not�ce af the c�ange which will state the name and address of the new Laan Servicer, �he address ta which payments should be made and any o�her information RESPA requires in connection wi�h a notice of��•ansfer of ser�icing. If the Note is sold and thereafter the Laan is serv�ced by a Loan Ser��cer other than the purchaser of the Note, the m�rtgage l�an ser��cxng ab�igations to Borrower will remain with the Loan Ser�icer or be transferred to a successor Laan Ser�icer and are no� assumed by the Note purchaser unless otherwise pro�ided hy the Nate purchaser. Neither Borrower nor L�nder may cammence,jain, or be jo�ned to any judiciai action�as either an indi�idual litigant or the member of a class}that arises from the o�her par�y's actions pursuant to this Security Instrument or that alleges that the other party has breached any pro�ision of, or any duty owed by reasan of, this Security Instrument, unt�l such B�rrawer or Lender has notYf ed the�ther party�with such notice g��en 1n�ompliance with the re�uirements of Sect�on 15�of such alleged breach and afforded the other party hereto a reasonab�e period after the gi��ng of such no��ce�� take correcti�e action. If Applicable Law pro�ides a t�me per�od which mus�e�apse before certain actian can �e taken, that time period vvi11 be deemed to be reasonable for purpases of this paragraph. The notice of ac�eleration and oppo�-tunity ta cure g��en to Borr�vver pursuant�o Section 22 and the notice of acceleration gi�en �o B�rrower pursuant ta 5ec��on 1 S shal� be deemed to satisfy the notice and opportun��y to �ake correcti�e action provisions of this Section 2�. �1. Hazardous Substances. As used in this Section 21: �a} "Hazardous Substances" are those substances defined as toxic ar hazardous substances, pollutants, or wastes by En�ironmental Lav►�and the following substances: gasoline, kerosene, other flamma�b�e or toxic petro�eum products, taxie pesticides and herhicides, �ola�i�e sol�ents, materials containing asbes�os or formaidehyde, and radiaacti�e materia�s; �b} "En�lronmental Law" means federal laws and laws of the�urisdiction v►rhere the Prop�rty�s loca�ed that r��a�e to hea�th, safety or environrnental pr�tection; (c} "En�ironmenta� �Ieanup" in�ludes any response actian, remedial action, ar remo�al ac�ion, as defined �n NEBRASKA--Single Family--Fannie MaelFreddie Ma� UNIF�RM INSTRUIVIENT - MERS ,��C Form 3�28 '11D1 Page '!1 of 15 www.do�magic.�om