200707405 - Laserfiche WebLink

Browse

200707405 If all or any part of the Propcrty or any Intcrest in the Property is sold or transferred (or if Borrower is not a natural person and a benefieial interest in Borrower is sold or transfcrrcd) without Lcnder's prior written consenL Lender may reqnire irnmediate payment in filII of all slims secured by this Sceurity Instrument. However, this option shall not be l:xercised by Lender ifsuch exercise is prohibitcd by Applicable Law. If Lender exercises this option, Lendcr shall give Borrower notice of acceleration. The notice shall provide a period ofnot!css tliall 3() days frOHl the date the notice is given in accord mICe with Section 15 within which BOJT()\ver must P,I)' all SUIlIS secured by this Security InstnIlnent. If Borrower fails to pay these sums prior to the expiration of this period, Lender llIay invoke any remedies permitted by this Security Instrument without furthcr notice or demand on Borrower, II.). Borrower's Right to Reinstate After Acceleration. If BOil-ower meets certain conditions, Borrower slwll have the right to have enforcemcnt ofthis Security Instrument discontinued at any time prior to the earliest of: (a) tive days hellJre sale of the Property pursuant to any power of sale contained in this Security Instrlllnent; (b) sudl other period ,IS Applicable Law might spccity for the termination of Borrowcr's right to reinstate; or (c) entry of a judgment enforcing tllis Seeurity InstrurnenL Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any defllult of any other covenants or agreements; (c) pays all expenses incurrcd in enforcing this Security Instrument, including, but not lirnited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred flJr the purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's inten:st in the Property and rights under this Security Instrument, and Borrower's obligation to pil)' the sums secured by this Security Instrument, shall continue unchanged. Lender may require that BOJT()wer PilY such reillstatemellt sums and expenses in one or more of the following f(mns, as selected by Lender: (a) cash; (b) llloney order; (c) certitied check. bank check, treasurer's check or cashier's check, provided any such check is drawn upon an Institution whose deposits are inS\lred by a federal agency, instrurnentality or entity; or (d) Electronic runds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as d. no acceleration had OCCUlTed. However, this right to reinstate shall not apply in the case of acceleration under Section I R. 20. Sale of Note; Change of Loan ServiceI'; Notice of Grievance. The Note or a pmiial interest in the Note (together with this Security Instl111nent) can be sold one or more times without prior notice to Borrower. A sale lnight result ill iI cll,lllge in the entity (known as the "Loan Servieer") that collects Periodic Payments due under the Note ami tlus Security Illstrument and perfonlls other mortgage loan servicing obligations under the Note, this SecuritylnstrunlenL and Applicable Law. 'There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note, If there is a change of the Loan Servicer, BorroWer will be given written noticc of the change which will state the namc and addn:ss of" the new Loan ServiceI', the address to which payments should be made and any other inf(.mnation RESP A requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Service I' other than the purchaser of the Note, the mOligage loan servicing obligations to Borrower will remain with the Loan Servlcer or be tJ"illlstcrred to a succcssor Loan Servicer and arc not assumed by the Notc purcbaser unless othenvise provided by the Noll: pllrchascr. Neither Borrowcr nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the melnber ofa elass) that arises Ii-om the other party's actions pursuant to this Security Instnlment or that alleges that the other party has breached any provision of~ or any duty owed by reason of; this Security Instl1HTlenL until such Borrower or Lcnder has notified the other party (with such notic!.: given in cotllplianee with the requirements of Section] 5) oj' such <Ilkged brcleh and atlorded the other party h!.:rcto a reasonable period after the giving of" such notice to titkc corrective action. If Applicable Law provides a time period whieh must elapse bel()JT celiain aetiou can be taken, that time period will be deemed lo be reasonable for purposes of this paragraph. The notice of acceleration and oppoliunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to Section I K slwll bc deemcd to satisfy the notice and opportunity to take corrective aetion provisions ofthis Section 20. 21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" afe those substances dctilled as toxie or hazardous substances, pollutants, or wast!.:s by Environmental Law and the following substances: gasoline, kerosene, other f1arnmable or toxic petroleum products, toxic pesticides and herbicidcs, volatile solvents, materials containing asbestos or lorrmddehyde, and radioactive materials; (b) "Environmental Law" ITI!.:ans federal laws and laws of the Loan No: 127317292 Initials: _ __ .\"EI~S Modified Form JII2N 11111I1 1~.10I",F. oS/oO Nd'raska Det'd or Trust-Single Family-Fannie Ma.'/Fn,ddie Mac UNIFORM INSTlH.JMENT --Tin; COMI'L1A'ICE SOURCE, INL- Page' I or lJ I 111111 11111 Illillllll 11111 11111 III!IIIIII III!I 1111 11111 1:1: I111111111 IV W W .l~()[ I 11'1 i;'j Ilt::t'.'1(HII'Cl.: .en III m"~""m.'"