201701289 - Laserfiche WebLink

Browse

2� 17� 1289 As used in th�s Security Instrument: (a}words af the mascu�ine g�nder sha11 mean and include conesponding neuter wards or words of the feminin�gender;�b}words�n the singular sha11 mean and i�clude�h�p�t�al and vice v�rsa;antl(c3 t�i�v�ord "n�a}�" gives s�le discretion v�ithaut any abligatian to take any action. '1 S. Borrower's�o�y. Borrower shall be given one copy of the Note and of this Security Instrument. 17. Transfer of�he Praperty or a Benefc�al�nterest in Barra►+ver.As used in tbis S�ction 17, "Interest in the Property"means aay l�gal ar beneficia�interest in the Praperty,ir�cluding,but not limited to, those beneficial iaterests transferred ir�a bond for dee�,c�ntract for deed, installment sales con�ract or �scra�v agre�m�nt,the intent of which is the transfer flf title by Borrawer at a future date to a purchaser, If all ar any pa.rt af the Prap�rty or any In�erest in the Property is sald ar transferred�or if Borrawer is nat a natural person and a beneficial inter�st in BQrrower is svld or transf�rr�d}without L�nder's priar written c�nsent,Lender may require immediate payment in fu11�f a1I sums secured�y�his Security Ins�rument,However,this ogtioa sha�l n�t be ex�r�ised b�Lend�r if such ex�rcis�is pr4hi�it�d by Applicable Law. �f Lender exerci�es�his aption,L�nder shall give Borrow�r notice of accel�ration, T�e notice shall provide a period of not��ss than 34 days from the date the no�ice is given in accor�ance with Section 14 within which Borr�wer must pay all sums secured by this Securi�y In.strument. If 13�rrower fails to pay these sums prior to the expiratian of this periad,Lender ma�r in�oke any remedies permitted by this Security Instrument without further notice ar demaad on�orro�er. 18. Bvrr�wer`s Right tv R�instateAfter Aeee�erati�n.�f SorrQwer meets certain conditions, �orrower shall have the right to reinstat�men�of a mortgag�.Thase c�nditi�ns are that�orrower: (a}pays Lender a11 surn�which then�vould be due�nder this Security In��rum�nt an�the Not�as if no acc�leration h�d occurred;�b}cures any default of any other c��enant�ar agreements; �c�pays a11 expenses incurred in enforcing this Securi�y�nstrume�xt,�ncluding,but not limited ta,reasonable attarneys'fees,property inspect��n and va�uatioa fees,and other fees incurr�d for the purpose of prote�ting Lender's interest in the Proper�y aad rights under this Security Instrument;an��d}takes such action as Lender may reasonably requue to assure that Lender's interest in the Property and rights under this�ecurity In.strument,and Borrawer's abligation ta pay the sums secured by this Security Instrument,sha11 continue unchanged. Hov�e�er,Lender is not re�u�red to reinsta�e if: �i}Lender has accepted reiasta.tement after the camrnencement of foreclosure proceedings w�thin two years imrnedia#ely preceding�he commencement of a current foreclasure praceeding;�ii}r�instatement�vill preclude foreclasure on differeat grounds in the future;or�iii}reinstatement will ad��rsely affect tbe pri�rity af the lien created by this Security In�trument.Lender may require that Bonower pay such reinstatement sums and�xpenses in Qne ar more of the fQllawing forms,as selected by Lender: �a�cash; (b}moaey order; (c)certified check,banl�check,treasurer's check ar cashrer's che��,pravided any such check is drawn upon an institu�ion tivhase deposits are iasured by a federal agency, instrumentality or entity;o� �d}E�ec�ronic Funds Traasf�r.Upan reinstatement by Borrower,this Security Instrument and obligations secured hereby shall remain fu11y effectiv�as�f no acceleration had occurred. How��er,this right to reinstat�shall not a�ply in the case�f a�celeration under Sec�ion �7. FHA Deed vf TruSt With MERS-NE 9/3412414 Banicers SystemsTM+ VMP� VMP4N�NE�(150fi}.d4 Wolters Kluwer Financial Sen�ices Page 12 a#1 T q�337 4533 �2 579 121