Laserfiche WebLink
,�Lslan7r - &3 <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "In [crust <br />in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial <br />interests IransIcited in a bond for deed, contract for deed, installment sales contractor escrow agreement, the intent <br />of which is the transfer of title by Borrower at a fuhtrc one Lu a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a <br />natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, <br />Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option <br />shall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, Lander shall give Borrower notice of acceleration. The notice shall provide <br />a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which <br />Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the <br />expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without farther <br />notice or demand ern Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower <br />shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of <br />(a) five days before sale of the Property pursuant to any power of salecontamed in this Security Instrument; (b) such <br />other period as Applicable law might specify for the termination of Borrower's right to reinstate; or (c) entry of a <br />judgment enforcing this Security Instrument. Those conditions arc that Borrower: (a) pays Lender all sums which <br />then would he due under this Security Instrument and the Note as it no acceleration had occurred; (b) cures any default <br />of any other covenants err agreements; out pays all expenses incurred in enforcing this Security Instrument, including, <br />but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and oh takes such <br />action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security <br />Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unclrauged. <br />Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, <br />as selected by Lender: (a) cash; (h) money order; (c) certified check, bank check, treasurer's check or cashier's check, <br />provided any such check is drawn upon an itch Maine whose deposits are insured by a federal agency, instrumentality <br />or entity; or (d) Electronic Funds 'Transfer, Upon reinstatement by Borrower, thia See mily fashioned and obligations <br />secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall <br />not apply in the case of acceleration under Section 18. <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note <br />(together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might <br />result in a change in the entity (known as the "Loan Servicer ") that collects Periodic Payments due under the Note <br />and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security <br />Instrument, and Applicable Law. There also might be one or more changes of the Ioan Servicer unrelated to a aalc <br />of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will <br />state the time and address of the new Loan Service,, the address to which payments should be made and any other <br />information RESPA requires in connection with a notice of transfer of servicing. If the Note is sold an(] hereafter <br />the Loan is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations <br />to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed <br />by the Note purchaser unless otherwise provided by the Now purchaser. <br />Neither Borrower nor Lender may commence, join, or rejoined to any judicial action Na either an individual <br />litigant or the member of class) that arises from the other party's actions pursuant to this Security Instrument or that <br />alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Instrument, <br />until aueh Borrower or Lender has notified the other party (with such notice given in compliance with the requirements <br />of Section 15) of such alleged ])reach and afforded the other party hereto a reasonable period after the giving of such <br />notice to take corrective action. If Applicable Law provides a time period which must elapse before certain action <br />can be taken, that time period will be deemed to be reasonable for purpuscs of this paragraph. The notice of <br />acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given <br />to Borrower pursuant to Section 19 shall be deemed to satisfy the notice and opportunity to take corrective action <br />provisions of this Section 20. <br />NEBRASKA- Single Family -FLnnb Mae /Freddie Mac UNIFORM INSTRUMENT OL7eMap/eLticz'ui5 000 eo9 -rye, <br />Form 3028 1/01 Page 10 or 13 -. .docmaglc <br />J <br />ry Ixdra.ari <br />