200805531 - Laserfiche WebLink

Browse

200805531 There may be only ore designated notice address wder this Security Instrument at anyone time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein tmIess Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Iltitnunent is also required WIder Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement WIder this Security In<itrument 16. Governing Law; Severability; Rules of Construction. This Security IIl'itnunent shall be governed by federal law and the law of the jurisdiction in which the Property i.. located. AU rights and obligations contained in this Security Instrument are subject to any requirements and Iimitatiom of Applicable Law. Applicable Law might explicidy or implicidy allow the parties to agree by con1ract or it might be silent, but such silence shall not be constroed as a prohibition against agreement by con1ract 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 provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Iltitrument: (a) worns of the masculine gender shall mean and include corresponding neuter word.. or wont.. of the feminine gender, (b) wont.. in the singular shall mean and include the plund and vice vema; and (c) the wont "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Bonuwer shall be given one copy of the Note and of this Security Instrument ]8. Transfer of the Propcrtyor a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, con1ract for deed, installment sales con1ract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purehaser. If all or any part of the Property or any Interest in the Property is sold or transfe~d (or if Bonuwer is not a natural person and a beneficial interest in Bonuwer is sold or transfe~) without Lender's prior written comen!, Lender may require immediate payment in full of all sums secured by this Security Instrument However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Bonuwer notice of accelemtion. 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 Instrument If Bonuwer fails to pay these sun\'> prior to the expiration of this period, Lender may invoke any remedies pennitted by this Security IIl'itroment without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If 80nuwer meets certain conditions, Bonuwer shall have the right to have 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 Instnunent; (b) such other period as Applicable Law might specify for the tennination of Bonuwer's right to reinstate; or (c) entry of II judgment enforcing this Security Instrument Those conditions are that Borrower: (II) pays Lender all sums which then would be dne WIder this Security Imtrument and the Note as if no acceleration had occ~; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting I.ender'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 interest in the Property and rights under this Security IIl'itrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that Bonuwer pay such reinstatement sums and expemes in one or more of the followi~ forms, as selected by Lender: (a) cash; (b) money onler; (c) certified check, bunk check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by II federal agency, instrumentality or entity; or (d) Electronic Funds TntIl'>fer. IT pon reinstatement by Bonuwer, this Security Imtrument and obligations secured hereby shall remain fully en'cctive as if no acceleration had occurred. However, this right to reimtate shall not apply in the ca..e of acceleration under Section 18. 002005398805 .-6A(NE) (0407).01 @ ~110115 -P- Form 3028 1/01 CiliMortgage 3.2.15.16 V3