|
<br />200701002
<br />
<br />18. Transfer of the Property or a Beneticiallnterest in Borrower. ^s used In this Section
<br />IR, "Inlt:n:st in tbe Properly" means 'my leg,al or h",ndlei,,J interest in tbo Property, including, hut not
<br />limited to, those beneficial interests transferr",d in a hond for deed, contract for dccd, installmcnt salcs
<br />contract or escrow agr"''''Tll",nt, th", mknt of winch IS th", transIt.r of titl", hy Rmrower at a future date to a
<br />purchaser.
<br />[f all or any part of the Property or any Interest ITl the Property IS sold or lwnsfcrred (or if
<br />l3orrower is not a natural person and a henefieial interest in Borrower is sold or transferred) without
<br />I ,ender's pnor written consent, I ,ender may requIre Immediale payment in full of all sums secured by this
<br />Security Instrument. Howevcr, this option shall not bc excrcised by Lcndcr if such exercise is prohihited
<br />by ^pplicllble Law
<br />If L",nder exercises this option, Lender shall give BOlTower notice of acccleration The notioe
<br />shall provide II period of not less thlln 30 days from the date the notice IS given 111 accordance with
<br />Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Horrower
<br />fails to pay thesc sums prior to thc expimtion of this period, Lender may invoke any remedies permitted
<br />hy this Security Instrument without further notice or demand on Borrower.
<br />19. Borrower's RiWtt to Reinstate After Acceleration. If HOlTower mccts ccrtain conditions,
<br />Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time
<br />pnor to the earliest or: (a) five days he fore sale of the Property pursuant to any power of sale contained in
<br />this Security InstnlInent~ (b) such other period as Applicable Law might specify for the termination of
<br />HOlTower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument Those
<br />conditions arc that Horrower: (a) pays Lender all sums which then would b", du", under this Security
<br />Instrument and tbe Note as if no acceleration had OCCUlTed; (b) cures any det:'wlt of any other covenants
<br />or agreements; (c) pays all expenses incurred in enforcing lhis Security Instrument, including, but not
<br />limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for
<br />the pUIllos", of protecting I ,ender's interest in the Property and rights under this Security Instrument; and
<br />(d) takes such action as Lender may reasonably require to assure that Lender's interest in the Property and
<br />rights under this Security Instrument, and HOTI'ower's obligation to pay the sums secured hy thIS Security
<br />Instrument, shall continue Ullehanged. Lend,'r may require that Borrower pay such reinstatement sums
<br />and expenses in one or more or the following rOilllS, as scl",cted by Lender: (a) casb~ (h) money order; (c)
<br />certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon
<br />an institution wbose deposits arc insured hy a federal agency, 1I1strumentahty or entity: or (eI) Electronic
<br />Funds Transfer Upon reinstatement hy ROlTower, this Security Instrument and obligations secured
<br />hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate
<br />shall not apply in the case of acceleration under Section I R.
<br />20. Sale of Notc; Chan~c of Loan Scrviecr; Notice of Grievance. Tbe Note or a partial
<br />interest in the Note (together with this Security Instrument) can he sold one or more times without prior
<br />notice to Borrower. A sale might result 111 a change in the cntity (known as the "Loan Servicer") that
<br />collects Periodic Payments due under the Note and this Security Instrument and performs other mortgage
<br />loan servicing ohligations und",r th", Not"" this S",curity Instrument, and Applicable l.aw. There also
<br />might be one or more changes of the Loan Scrvicer Llllrelated to a sale of the Note. If there is a change of
<br />the Loan Serviecr, Borrower will be given writt",n notice of the change which will state the name and
<br />address of the new Loan ServiceI', the address to which payments should he made and allY oth",r
<br />infonnation RFSPA reLjuires in connection with a notice of transfer of servicing If the Note is sold and
<br />thereafter the] ,oan is serviced hy a I,oan Servieer other than the purchaser of the Note, the mortgage loan
<br />servicing obligations to Borrower will remain with the Loan Servieer or be transferred to a successor
<br />Loan ServiceI' and arc not assumed hy the Note purchas",r wll",ss otherwise provided by the Note
<br />purchaser.
<br />
<br />NEHKASKA - Single Family - Fannie VIae/Fre......ie VIae L"IFORM INSTRUMENT WITH MERS For'm J1I2!! JlIll
<br />VMP-6A(NE) (0407).01 Page 12 of 16 .d.1J.. /J A..O
<br />Initials;~_
<br />
|