Laserfiche WebLink
200100676 <br />771- 783474 -0 <br />022 - 7834740 <br />this Security Instrument. However, this option shall not be exercised by Lender if such exercise is <br />prohibited by Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice <br />shall provide a period of not less than 30 days from the date the notice is given in accordance with <br />Section 15 within which Borrower must pay all sums secured by this Security Instrument. If <br />Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any <br />remedies permitted by this Security Instrument without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. if Borrower meets certain <br />conditions, Borrower shall have the right to have enforcement of this Security Instrument <br />discontinued at any time prior to the earliest of (a) five days before sale of the Property pursuant to <br />any power of We contained in this Security Instrument; (b) such other period as Applicable Law <br />might specify for the termination of Borrower's right to reinstate; or (c) entry ofa judgment enforcing <br />this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then <br />would be due under this Security Instrument and the Note as if no acceleration had occurred, (b) <br />cures any default of any other covenants or agreements, (c) pays all expenses incurred in enforcing <br />this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection <br />and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the <br />Property and rights under this Security Instrument; and (d) takes such action as Lender may <br />reasonably require to assure that Lender's interest in the Property and rights under this Security <br />Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall <br />continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in <br />one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified <br />check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an <br />institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured <br />hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate <br />shall not apply in the case of acceleration under Section 18. <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial <br />interest in the Note (together with this Security Instrument) can be sold one or more times without <br />prior notice to Borrower. A sale might result in a change in the entity (known as the "Loan <br />Servicer") that collects Periodic Payments due under the Note and this Security Instrument and <br />performs other mortgage loan servicing obligations under the Note; this Security Instrument, and <br />Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of <br />the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the <br />change which will state the name and address of the new Loan Servicer, the address to which <br />payments should be made and any other information RESPA requires in connection with a notice of <br />transfer of servicing. If the Note is sold and thereafter the Loan 1s serviced by a Loan Servicer other <br />than the purchaser of the Note, the mortgage loan servicing obligations to Borrower win remain with <br />the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Note <br />purchaser unless otherwise provided by the Note purchaser. <br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as <br />either an individual litigant or the member of a class) that arises from the other party's actions <br />pursuant to this Security Instrument or that alleges that the other party has breached any provision of, <br />or any duty owed by reason of, this Security instrument, until such Borrower or Lender has notified <br />the other party (with such notice given in compliance with the requirements of Section 15) of such <br />alleged breach and afforded the other party hereto a reasonable period after the giving of such notice <br />to take corrective action. If Applicable Law provides a time period which must elapse before certain <br />action can be taken, that time period will be deemed to be reasonable for purposes of this paragraph. <br />The notice of acceleration and opportunity to cure given to Borrower pursuant to <br />wt. WL raw r► Wt. <br />NEBRASKA— Single Family —Fmmae .Mme Fraddle Mae UNIFOILM INSTRUMENT <br />Pon x%3029 1 /01 "a !2 ofls p gei) Doc is (11 -9 -2000) FPS K144�12 <br />