201007386 - Laserfiche WebLink

Browse

�oioo�3ss There may be only ane 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 first class mail to Lender's address state�i herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be de�med ta have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the carresponding requirernent under this Security Instrurnent. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be gaverned by federal law and the law of the jurisdiction in which the Praperty is lpcated. All rights and obligations cantained in this Security Instrument are subject to any requirements and limitations of Applicable J.aw. Applicable Law rnight explicitly or irnplicitly allow the parties to agre� by contract or it might be silent, but such silence shall not be construed as a prohibition against agr�ment by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable I,aw, such conflict shall not affe.�t other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Se�urity Instrua�x�ent: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singulaz shall mean and include the plural and vice versa; and (c) the ward "may" gives sole discretion without any obligation to take any action. 17. Borrower's Capy. Barrower shall be given one copy of the Note and of this Security Inst�nt. 18. Transfer of the Property or a Bene�cial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal oar beneficial interest in the Pruperty, including, but not limited to, those beneficial intexests transfenred in a bond for deed, contract for dced, installrnent sales contract or escrow agreement, the intent of which is the transfer of title by Barrower at a future date to a purchaser. If all or any part of the Property or any Interesc 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 surns secured by this Security Instrument. However, this option shall not be exercised by I,ender if such exercise is prohibited by Applicable L.aw. IF Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period af not less than 30 days from the date the notice is given in accordance with Sectian 15 within which Borrower rnust pay all sums secured by this Security Instnurient. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke azry remedies permitted by this Security Instnunent without further notice or dernand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower me�ts certain conditions, Borrower shall have the right to have enforcernent of this Security Instrument discontinued at any time prior to the earliest of: (a) �ive days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specify for the ternrination of Borrower's right to reinstate; or (c) entry of a judgrnent enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under tYus Security Instrument and the Note as if no acceleration had occurred; (b) cures any default af any other covenants or agreernents; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not lirnited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of proteeting Lender's interest in the Property and rights under ttus Security Instrument; and (d) takes such action as Lender may reasonabiy require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instniment, shall continue unchanged. Lender may require that Bonawer pay such reinstatement sums and expenses in one or more of the following forn�s, as selected by I.ender; (a) cash; (b) rnoney order; (c) 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, instnunentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrurnent and obligations secured hereby NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIF4RM INS7RUMENT �-BINE) 108111 Page 11 of 15 �n�t�a�s: Form 3028 �/�� � .+- �• ` � � : > „ ,; � v