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FILE No . 924 07/30 '01 AN 10:46 I D : AT I TITLE CO. FAX :1 308 382 83400 PAGE 15 <br />200107672 <br />.4:-L . <br />10. Borrower's Right to Reinstate After Acceleration. a Borrower meets certain <br />conditions, Borrower shall have the right In have enforcement of This Security Instrument <br />discontinued at any time prior- to the earliest of; (a) five days before sale of the Property <br />pursuant to any power of sale contained In this Security Instrument; (b) such other period as <br />Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry <br />of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) <br />pays Lender all sums which then would be due under- this Security instrument and the Note <br />as If no acceleration had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, Including, <br />but not limited to, reasonable attorneys' fees, property Inspection and valuation fees, and <br />other fees Incurred for the purpose of protecting Lender's Interest in the Property and rights <br />under this Security Instrument; and (d) takes such action as Lender- may reasonably require <br />to assure that Lender's Interest in the Property and rights under this Security Instrument, <br />and Borrower's obligation to pay the sums sect.Ired by this Security Instrument, shall <br />continue unchanged, Lender may require Thal Borrower pay such reinstatement sums and <br />expenses In one or more of the following forms, as selected by Lender: (a) cash; (b) money <br />order; (c) certified check, bank check, treasurer's check or cashier's check, provided any <br />such check Is drawn upon an institution whose deposits are Insured by a federal agency, <br />Instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, <br />this Security Instrument and obligations secured hereby shall remain fully effective as if no <br />acceleration had occurred. However, this right to reinstate shall not apply in the case of <br />acceleration under Section 18. <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial <br />Interest in the Note (together with this Security InslrILIMOM) can be sold one or more times <br />without prior notice to Borrower. A sale might result in a change In the entity (known as the <br />"Loan Servicer ") that collects Periodic Payments due under the Note and this Security <br />Instrument and performs other mortgage loan servicing obligations under the Note, this <br />Security Instrument, and Applicable Law. There also might be one or more changes of the <br />Loan Servicer unrelated to a sale of the Nola. If there is a change of the Loan Servicer, <br />Borrower will be given written notice of Ilse change which will stale the name and address <br />of the new Loan SaMcer, the address to which payments should be made and any other <br />Information REBPA requires In connection with a notice of transfer or servicing. If the Note <br />Is Bald and thereafter the Loan Is serviced by a Loan Servicer other than the purchaser of <br />the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan <br />Servicer or be transferred to a successor Loan Servicer and are not assumed by Ilia Note <br />purchaser unless otherwise provided by the Note purchaser. <br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action <br />(as either an individual litigant or the member of a class) that arises from the other party's <br />actions pursuant to this Security Instrument or that alleges that the other paNy has <br />breached any provision of, or any duty owed by reason of, this Security Instrument, until <br />such Borrower or Lender has notified the other party (with such notice given In compliance <br />with the requirements of Section 15) of such alleged breach and afforded the other party <br />hereto a reasonable period after Ilia glvinV or such notice to lake corrective action. If <br />Applicable Law provides a Orne period which must elapse before certain action can be <br />taken, that time period will be deemed to be reasonable for purposes of this paragraph. <br />i <br />SNE14 Rev 12/31/00 Page 14 of 111 Initirlc 1' FORM 3M 1101 <br />