201007796 - Laserfiche WebLink

Browse

201oo77ss There may be only one designated notice address under this Security Instrurnent 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 Instrurnent shall not be deemed to have been given to L,ender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirernent will satisfy the corresponding requireznent under this Sccurity Instruznent. 16. Gaverning Law; Severability; Rules of Construction. T'his Security Instrument shall be governed by federal law and the law of the jurisdictian in which the Property is located. All rights and obligatinns contained in this Security Instrurnent are subject to any requirements and limitations of Applicable i..aw. Applicable Law might explicitly or implicitly allaw the parties to agree by contract or it nnight be silent, but such silence sha,ll not be construed as a prohibitian against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note canflicts with Applicable Law, such conflict shall noC affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrurnent: (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 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 InstrumenC. 18. Transfer of the Property or a Bene�cial Interest in Borrower. As used in this Section 18, "Interest in the Property" nneans any legal or beneficiaJ interest in the Property, including, but not limited to, those bene�icial interests transferred in a band for deed, contract for deed, installrnent 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) witkAOUt L,ender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender iP such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The natice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 1S within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums priar to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower rneets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the eazliest of: (a) five days before sale of the Property pursuant to any power af sale cpntained in this Security Instrument; (b) such other period as Applicable Law mighC specify for t1a� termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditians are that Borrower: (a) pays Lender all surns which then would be due under this Security Instrument and the Note as if no acceleratian had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrurnent, including, but not limited to, reasonable attorneys' fees, property inspection and valuatian fees, and other fees incurred for the purpose af 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 interest in the Property and rights under this Security Instrument, and Borrower's abligation to pay the surns secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more af the fallowing 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 institucion whose deposits are insured by a f�deral agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Tnstrument and obligations secured hereby NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT ��.. �-6�NE) �oai i� rage i i of i s ireeieis: Form 302$ 9/09 . � a � i � i ,' ,�,� , � a ,