201506748 - Laserfiche WebLink

Browse

��1 5��748 � A�used�n this Security Instrumen�: �a�v�ords of the mas�ulin�gender shall mean and include corresponding neu�er words or words flf the f�minine gender; �b�w�rds in the singular shal�mean and include�he plura�and vice versa; and�c)�h�v�ord"may" grve�sale discre�ian w�.tih�u�any ohligat��n-�o �ake any a��ian. �f. Barrowe�'s Copy. Bnrrawer shail be gi�en ane copy of th�Note and af this Secur�ty In.strument. '�7. Transfer of the Property or a BenefYc�al Inter�st �n Borrower. As used in�his Section 17, "Int�rest in the Proper�y" means any legal or beneficiai in.terest in the Properry, inc�uding, bu�not lim�ted�o, th�se benefic�al inter�sts transf�rred in a bond fvr de�d, �untract for deed, installment sales contra�t�r escrow agreemen�, the int�n�of whi�h is the transfer vf t�tl�by Borrow�r at a future date��a purchaser. If all ar an�part of the Property or any Interest in th�Proper�y is svid ar transferred�or if Borrower is not a natural person and a benefiicial interes�in B�rro�er is snld ur transferred�v��thou�Lender's priar writt�n��nsent, Lender may require i_m.mediate�a�ment in full of a��sums secured by th�s Security Instrumen�. Hawe�er, th�s�p�ivn sha��.not be exercised by Lender if su�h exercise�s prohil�ited�y Appli�abl�La�. If Lender exercis�s this op�ian, Lender sha11 g�ve B�rr�w�r notic�of acce�eration. The no-�i�e sha11 pro�ide a period of n��less than 3�days fram�he da�e th�na�i�e is given in accordan�e with�e�tion 14 wi�hi.n v�h�ch Borrawer must pay all suxns s�cured b�th�s S�curity Instrumen�. If Borr�wer fails ta pay these sums prior to�h�e�p�ration of th�s period, Lender may invoke any remedies permitted h�r th�s Secur�ty Instrument�ut�ith�ut further nvtice❑r demar�d on Borravver. '18. Borr�wer's Right tv Reinstate After Acceleratran. �f Borrow�r meets �er�ai.n condi�ions, Borravwer sha��ha�e the right to reinstatemen�of a mortgage. Those conditians are�ha�Borro�ver: �a}pa,ys Lender a�� sums�vhi�h then would be due und�r�s Security Instrument and�he�a�e as if na ac�eleration had nccurred; (b}cures any d�fault af any�ther�ovenants or agreem�nts; �c�pays a11 expenses�ncurred in enfor��ng�his Security Instrumen�., including, but nat limited ta, r�asonab�e att�rneys' fees, property inspe�tion ax�d�aluation fees, and other fees in�urred for the purpose af pratecting Lender's in�erest in the Property and rights und�r this Security.�nstrument; and�d)fakes such action as Lender may r�as�nabiy require to assure�hat Lender's in�er�st�n th�Property and rights under this Security Ins�rumen�, and Borrovver's obligati�n to pa�the sums s�cured hy�his Security Instrument, shall cont�nu�un�hanged. However, Lend�r is n�t required tv reinstate if: �i�Lend�r has accepted re�nstatement after the commencement of f�reclasure praceedings withirl�wo years i_mmediately preceding th�comrnencemen�of a curr�nt f�recl�sure proceed�ng; �ii}reinsta�emen�w��preclude fare�lasure on different grounds in the futur�; flr�iii}r�insta�ement v�ill adversely afFect#he priarity of the�ien cr�ated by th�s Security Instrument. Lend�r may r�quire�hat Borrower pay such re�.rista�emen� sums and expenses in one or mor�of the f�llowing forms, as selected b�Lender: �a)�ash; �U�money order; �c}certif�ed ch��l�, ban�check, treasurer's check�r cash�er's chec�, prnvided an�such check is drav�n up�n an ins�i�ut�on whose deposi�s are insured b�a federal a�ency, instrumen�ality ar entity; or �d�Electr�nic Funds Transfer. Upon reinstat�ment by Bnrrawer, th�s S�curity Instrum�nt and nlaligations secu.red herehy �hal1 r�main fu11�effe�t�ve as if na a��eleration had accurred. Hawe�er, t�iis right ta reinstate sha11 not apply�.n�he case of acceleratian under 5ect�an 17, �0�5-274�5Q3 1��49700fl124977�9 81�6 FHA❑eed af Trust With M�R5-NE ��«��`� Bankers 5ystemsT+�� VMP O VlVIP4N�NE}�15�5} Walters i{luw�r Fnanciaf Services 5I24l2a15 2:33 PM Page�12 of 17