201602600 - Laserfiche WebLink

Browse

2� 1 ��2�� Instrument ar the Note confli�ts vvith Appl�cable Law, �uch canfl�ct shall no�affec�other pro�isions of this Security Instrument or�he Nate which can be gi�en effect withou�the c�nflrcting pr��is��n. As used in this Secur��y Ins�rument: �a}vW�rds af the masculine gender shall mean and include corresp�nding neuter v�ords or words of the ferninine�ender; �b}words in the singular shall mean arid in�Iude�he plural and�ice Wersa; and�c}the word "may" gi�es sole discretion vWithou�any obligat�on to take any action. l5, Borrower's Copy. BorrovWer sha�1 be gi�en one copy of the Note and of this Securit}�Instrument. �7. Transfer of the Property;Acce�era�ion;Assumptian. This l�an may�e declared immediat�ly due and payable upon transfer af the property securing such �oan to any transf�ree, unless the acceptabil�ty �f the assumpt�on of the loan is esta�lished pursuan�to Section 3714 0�Chapter 37,Title 3�, United Stat�s Cade. The accepta�ility of any assumption shall alsa be subje�t to �he fol�owing additional provissans: (a} Funding Fee: A fee equal tv on�-ha�f of 1 perc�nt�f�he�aalance af this loan as af the date of transfer af the property shall be payable at the t�me o�transf�r to the loan holder or its authoriz�d . agQnt, as trustQe fvr the Department of Ve�erans Affairs. If the assumer fa�ls to pay this fee at the t�me of�ransfer, �h�fee sha�l constitute an additiona�debt to that already secured by this instrument, shall bear interest at the rate herQin pro�ided, and at t�e op�ion af the payee o�the indebtedness hereby secured or any transferee ther�of, shall be immediately due and paya�Ie. This fee is aut�matically wai�ed if thQ assumer is exempt under th�pro�isian5 of 3$U.S.C. 37�9�c}. (b) Processing �harge: Upon appiieation for appro�al to allow assumption af this Ioan, a processing fee may be charged by the loan hold�r �r �ts aut�hvri�ed agent for determining th� creditworthiness of the assumer and subsequently re�ising the holder's ownership records when an appro�ed transfer is cornpleted. The amaunt af this char�e shall not excee� the max�mum e5tablish�d by the Department of Veterans Affairs for a lnan �o which Section 3714 of�hapter 37, Title 38, Unit�d States Code applies. [c} Indemnity L�abi�ity As�umption: If this obligation i5 a��umed, then the assumer hereby agrees to assume al�of the obligations of the�eteran under the terms�f the ins�ruments creating and securing the�oan. The assumer further agrees to ind�mnify the Departrnent of'L�'eterans Affa�rs ta th�extent of any claim payment arising from the guaranty or insuran�e of the indebtedness�reated ay this instrumenfi. If the acceptabi�ity of the assumption of this loan is not es�ablished for any r�ason, an�l Lender�xercises its optian to dec�are al�sums secur�d by this Security�nstrument immed�a�ely due and payable, Lender shall gi�e BorrowQr notice of acce�era�ion. The no�ice shall pro�ide a period of nat l�ss than 3U days from the dat� . the n�tice is gi�en in accardance with Section 14 within which Borrower must pay all sums secured by this Security lnstrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may in�oke any remedies permitted by this Security Instrument with�ut further notic�or demand on Borrower. 18. B�rrower's Right to Reins�ate After Accelerativn. If Borr�wer mee�s certain canditions, Borrower shall ha�e the right ta ha�e enf�rcement of this Security Instrument discantinued at any time prior t�the earliest of: (a� five days before sa�e flf the Proper�y pursuant to any p�wer of sa�e conta�ned in this Security :Instrument; �b} such vther periad as App�icable LavW might specify far the termination of Borrower's right to re�nstate; or �c} entry of a judgment enforcing this Secur��y Instrument. T`hose conditions �r�that Borrower: (a}pays Lender a�l sums vWhich �hen would be due under this Security Instrument and the No�e as if na acce�erativn had occurred;�b�cures any default of any�tiher co�enants�r agreem�nts;�c�pays aXl expenses incurred in enforcing this Secur.�ty Instrument, includi.ng, but nat Iimited to, rea.sonable att�rneys' fees, property inspectior� and�aluation fees, a�d o�her fees incurred for the purpose of protecting Lender's in�erest in the Propert�and rights under�his Security Ins�rument; and(d}�akes such action as Lender rnay reasonably require to assure tha�Lender's in�erest in the Proper�y and rights under this Security Instrurnent, and Borrnwer's obligat�on to pay the sums secured by this Security Tnstrument, shall continue unchanged. Lender may require that BorrovWer pay sueh reinstatement sums anc�expenses in one ar more of the fo1l�vWing forms, as selected by L�nder: �a}cash;�b}money order;�c}cert�fied ch�ek,bank check,treasurer's che�k or cashier's check, pro�ided any such check is drawn upfln an institution whose depasits are insured�y a federa�agency, instrumenta�ity or entit}�;or(d�Electranic Funds Transfer. Up�n reinstatement by Borrower,�his Security Instrument and o�ligations NEBRASKA Single Family-UN[F�RM INSTRUMENT Dar.�a fc M�DIFIED F�R DEPARTMENT QF VETERANS AFFAIRS - MERS g (Re�. �1�1} Page 1� of '14 www.docmagic.�om , �R