200709477 - Laserfiche WebLink

Browse

200'109477. There may be oDly one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by fittlt class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in cowiection with this Security Instrument shall not be deemed to na.ve been given to Lender until actually received by Lender. If any notice required by this Security In8truD1ent is also requi~ed. under Applicable Law, the Applicable Law requirement will satisfy the corresponding requixement under thi8 Security Instrument. 16. Governh1g Law; Severability; Rules ot ConstructIon. Thls Security Instrument' shall be governed by federal law anl.i the law of the Jurisdiction in which the Property is located. All rights and obligations contained in this Security InstrumL\nt are subject to any requirements and limitations of Applicable Law. Applicable Law misht explicitly or inIplicitly allow the parties to sarcc by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts With Applicable Law, such conflict shall not affect other provisiontl of this Security ItlStrWnent or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) wor4s of the JDaBculine gender shall mean and include corresponding neuter words or words of the feminine gender: (b) words in the singular shall mean and include the plural and vice versa; lllld (c) the word "may" gives sole discretion without any obligation to take any action. i'1. Borrower's Copy. Borrower shall be given QDe copy of the Note and of this Security Instnunent. 18. Transfer ot the Property or a Beneficial Interest in. Borrower. As used in this Section 18. "Interest in the Property" means any lesm or beneficial intertllt in the Property, including, but not limited to, those beneficial intere$ts transferred in a bond for deed, contract for deed, installment sales contract or escrow 8&reement, the intent of which is the transfer of title by Borrower at a future elate to a purcbaser. If all or any part of the Property or any Interest in the ProPertY it sold or tr8!l.lferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transfened) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security InstruJnent. However, this option shall not tie exercised by Lender if such exercise is prohibited by Applicable Law. If Lender e~ercises this option, Lendersha11 give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Inst1'\ll1'1mt. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by Ihis Security lrun:rument without further notice or demand Oil Borrower. 19, Borrower's lUght to ReilUltate Alter Acceleration. If Borrower meets cen~n conditions, Borrower shall have the right to hllve enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument: (b) such other period ll!I Applicable Law might specify for the termlnation of Borrower's right to reinstate; or (c) entty of II. judgment enforcing this Security Instrwnent. Those conditioll5 are that BOrrower: (a) pays Lender all sums which then would be due uncler this Security Instrument :md the Note as if no acceleration had occurred: (h) cures any default of any other covenants or agreements: (e) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valUB1ion fees, and other fees incurred for the purpose of p:rotecting Lender's interest in the Property and ri.jhts under this Security Instrl1111ent; and (d) takes such action as Lender may reMo~ly require to assure that Lender's interest in the Property and dghts under this Security Instrwnent, and Borrower's obligation to pay the sums secured by this Security InstruJnent, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following fonDS, as selected by l..ender: (a) cash; (b) money order; (0) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency I instrumentality or entity; or (d) Eleccronic Funds Transfer. Upon reinstatement by Borrower, this Security Insmuncn.t an4 obligations secured hereby ~ -El(NE) 100051 P:lg~ 11 ar 1~ InjljBI'x~ ~ Form 3028 1/01