200107386 - Laserfiche WebLink

Browse

200107386 There may be only one designatednotice address under this Security Instrumentat any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connectionwith this Security lnstrumentshall not be deemedto have been given to Lenderuntil actually receivedby Lender. If any notice requiredby this Security Instrumentis also requiredunder Applicable Law, the ApplicableLaw requirementwill satisfy the correspondingrequirementunder this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governedby federal law and the law of the jurisdictionin which the Propertyis located. All rights and obligations contained in this Security Instrument are subject to any requirementsand limitations of ApplicableLaw. ApplicableLaw might explicitly or implicitly allow the partiesto agree by contractor it might be silent, but such silence shall not be construedas a prohibitionagainst agreementby contract. In the event that any provision or clause of this Security Instrumentor the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrumentor the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender shall mean and include correspondingneuterwords or words of the femininegender; (b) words in the singular shall mean and includethe plural and vice versa; and (c) the word "may" gives sole discretion without any obligationto take any action. 17. Borrower's Copy. Borrowershall be given one copy of the Note and of this Securitylnstrument. 18. Trapsfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interestin the Property "meansany legal or beneficialinterestin the Property, including, but not limited to, those beneficialintereststransferredin a bond for deed, contractfor deed, installmentsales contractor escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Propertyor any Interestin the Propertyis sold or transferred(or if Borrower is not a naturalperson and a beneficialinterestin Borroweris sold or transferred)withoutLender'sprior written consent, Lender may require immediatepayment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lenderexercisesthis option, Lendershall give Borrowernotice of acceleration.The notice shall provide a period of not less than 30 days from the date the notice is given in accordancewith Section 15 within which Borrowermust pay all sums securedby this Security Instrument.If Borrowerfails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permittedby this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrowershall have the right to have enforcementof this Security Instrumentdiscontinuedat any time prior to the earliestof: (a) five days befoiesale of the Propertypursuantto any power of sale containedin this Security Instrument;(b) such other period as ApplicableLaw might specify for the terminationof Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrumentand the Note as if no acceleratiorilad occurred;(b) cures any defaultof any othercovenantsor agreements(c) pays all expensesincurredin enforcingthis Securitylnstrumentjncluding, but not limited to, reasonableattorneys' fees, property inspection and valuation fees, and other fees incurred for the purposeof protectingLender'sinterestin the Propertyand rights underthis Securitylnstrument;and (d) takes such action as Lendermay reasonablyrequire to assure that Lender's interestin the Property and rights underthis Security Instrument,and Borrower'sobligationto pay the sums securedby this Security Instrument ,shall continueunchanged.Lendermay requirethat Borrowerpay such reinstatementums and expensesin one or more of the following forms, as selectedby Lender: (a) cash; (b) money order; (c) certifiedcheck, bank check, treasurer'scheck or cashier's check, providedany such check is drawn upon an institutionwhose deposits are insured by a federal agency, instrumentalityor entity; or (d) Electronic Funds Transfer. Uponreinstatemenby Borrower,this Security Instrumentand obligationssecuredhereby Initials: Y - dM- 6A(NE) (0005) Page 11 of 15 Form 3028 1/01