201604037 - Laserfiche WebLink

Browse

2� 1 ��4�37 As used in�his�ecurity Instrument: (a)words of the rnasculine g�nder sha11 mean and include �vrresponding neuter vvords or�ords o��he femini�e gender��b)�vrds in the singular shal�m�an and in�lude the plural and�ice v�rsa;and(c)the word"may"gives sole discretion without any ob�igat��n ta take an�action. 'I fi. Bo�ov�e�'s Copy.Borrawer shall be given one copy of the Note and of�his Security Instrument. �7. Yransfer of the Pro�er�tyvr a Beneficiallnterest�n Borrower.As used in th�s Seetian�7, "Interest in the Property"rr�eans any 1ega1�r�eneficial interest in the Froperty, including,but n�t l�rx�ited to, t}�ose benefi�ial interests transferred in a bond for deed,c�ntract f�r deed, insta.11ment sales con�ract or escrow agreem�nt,the inte�t of which is the transfer of title by Borrower at a f�.tu.re date to a purchaser. �f all or a��a�t vf the Propert�o�a��Interest in the Property is sald or tran.sfened(or if Borr�wer is not a�aturai person and a benefcial interest in Borrower�s so�d or�trransferred)wi�hout Lender's prior v�citten�onsent,Lender may xequir�imme�.iat�payment�n full of all sum�secured by this Security Instrumen�. �Iovvever,this option shall not�e exerc�sed b�Lender if�uch exercise is proh�bited by Applicable L�.tiv. If Lender exercises this optio�,I�ender shall gi�re Barr��rer not�ce of acceieration.The nfltice sha�� provide a g�riod�f not less than 30 days from the date the notice is given in a�cordan�e�vith Sectron 14 within whi�h Borro�er miust pa}�al.l sums secu�ed by th.is Securit�Inst�ument,If Borrawer fai��o pa� th�se sums prior ta the expiration�f this periad,Lender may invo�e any remedies pern�it��d by this Security Instrument v�itht�u.t�u�her notice or deman.d a�.�orrower. 18. gorrorn►er's R��ht ta ftein�tateAfter Accele�ation.If Borrower meets certain c�nd�tians, BarrOWer sha11 hav�the right to reinstatement of a mor�gage. Those Gonditions a.re that Borrower: (a}pays Lender a�l sums which then would be due under this Securxty Instru.rnent and th�N�te as if na accelerat�o�.h.ad occurred; (b)cures any default of any other c�venants or agreements; (c}pays all expenses zncurred in �nforcing this Security Instrument,including,but not�i�it�d�o,reasonab�e attorn�ys'fee�,proper� inspection and valuation fees,and other�'ees in�urred for the purpose of pratecting Lender's interest in the Pro�erty and r�ghts under this Security Instrur�en�;and.td}�akes s��h action as Len.der ma� reasonably require ta assure that Lender's interest in the Property and rights under this Security In.st�urrien��a�d�'3a�rower's obligation to pay the sums secured b}�this S ecurity�nstrument, shal� continue unchange�, Ha�ever, Lender is not requir�d to reinstate if: (i}Lender has accepted reinstatement af�er the comm�ncement of foreclosure proceedings within�two yeaxs immediate�y pr�ceding the commencement of a current foreclosure proceeding; (ii}reinstat�ment wi11 pr�clude foreclosure on different grounds�n the futur�;or�iii}re�ns�a.tement witl adversely affee�the priorifiy of the lien created by this Security Instru.men�. Lender may require that Borro�uer pay such reinstatement sums a�d exp�nses in one or mor�af the following forms�as selected by Lender: �a}cash; (b}money order;[c)certified�heck,bank che�k,tr�asurer'�che�k ar cashier's ch�ck,provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity;or [d}Ele�tronic Funds Transfer.LTpon re�ns�atement by Borrawer,th�s Security Instrument and�bligatio�.s secured hereby sh�.11 rema�n fu��y eff�ctive as if no acceleration had occurr�ed. Howev�r,this right to re�nsta.te shal�na�apply in the case of acceleratian under Section �7. FHA Deed of Tr�st With A1IER5-NE 913D12014 Bankess SystemsTM VMP� VMP4N�NE)(15�s 4� L�VoI#ers K.luwer Financial Ser�ices Page 12 0�17 q�3354�G44�? �233 589 1�17