200904106 - Laserfiche WebLink

Browse

~oo9o~ios There may be only one designated notice address tinder this Security Instrument at any one 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 unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instntment shall not be deemed to have been given Co Lender until actually received by Lender. If any notice required by this Security Instntment is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Insttutnent. 16. Governing Law; Severahitity; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument ate subject to any requirements and limitations of Applicable Law_ Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be conttnted 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 provisions of this Security Instrument or the Note Which can be given effect without the conflicting provision. As used in this Security Instnnnent: (a) words of the masculine 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; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property nr a Beuehcial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal of beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in fiill of all sums secured by this Security Instntment. 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 Borrower notice of acceleration. The notice shall provide a period of not less than 30 clays from the date the notice is given in accordance with Section 15 within which B~rrowcr must pay all stuns sectrted by this Security Instntment. If Borrower fails to pay these stuns prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instntment without fitrther notice or demand on Borrower. 1I. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enfcncement of this Security Instrument discontinued at any time prior to the earliest of: (a) live days before sale of the Property pursuant to any power of sale contained in this Sectnity Instrument; (b) such outer period as Applicable Law might specify far the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instnnnent and the Note as if no acceleration had accurted; (b) cures any default of any other covenants of agreements; (c) pays all expenses incurred in enforcing this Sectu-ity Instntment, including, bttt not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this Security Instntment; and (cl) takes such action as Lender may reasonably require to assure that Lender"s interest in the Property and rights under this Security Instnnnent, and Borrower's obligation to pay the sums secured by this Security Instntment, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits arc insured by a federal agency, instrumentality or entity; or (d) T'lectronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby NEBRASKA- Single Family - Fannle Mae/Freddie Mac UNIFdRM INSTRUMENT ~ -6(NE) ~oa~rl Pere ~r of 15 ini~iais Form 302$ 1101 ~~~