201008580 - Laserfiche WebLink

Browse

201048580 There rnay be only 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 first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any natice in connection with this Security Instrument 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 requirement will satisfy the corresponding requireXnent wnder this Security Instrument. 16. Governing Law; Severability; 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 Instruzxzent are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly a11ow the parties to agree by contract or it might be silent, but such silence shall nat be consttued as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument ar the Note conflicts witla Applicable Law, such conflict shall not affect other provisians af this Security Instrument or the Nate which can be given effect withaut the conflicting provision. As used ix► this Security Instnunent: (a) words of the rnasculine gender shall rnean and include correspanding neuter words or wards of the feminine gender; (b) words in the singular sha11 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 Instrurnent. 18. Transfer of th� Praperty or a Beneficial Interest in Borrower. As used in this $ection 1$, "Interest in the Property" rneans any legal or beneficial interest in the Praperty, including, but not lirnited 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 a11 or any part of the Property or any Tnterest in the Property is sald or transferred (or if Borrower is not a natural persan and a bene�cial interest in Borcower is sold or transferred) without Lender'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 if such exercise is prohibited by Applicable I..aw. If Lender exercises this option, Lender shall give Banower 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 Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Secuxity Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate Af'ter 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 earliest of: (a) �ve days before sale of the Property pursuant to any power af sale contained in this Security Instrument; (b) such othex period as Applicable Law might specify for the temunation of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those canditions axe that Borrower: (a) pays Lender all s�ut�s which then would be due under this Security Instrument ax�d the Note as if no acceleration had occurred; (b) cures any default of any other cavenants or agre�rnents; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited ta, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting I.ender's interest in the Froperty and rights under this Security Instrument; and (d) takes such action as I..ender rnay reasonably require to assure that Lender's interest in the Property and rights under this Security Instrurnent, and Borrower's obligation to pay the sums secured by this Security InstrumenC, shall continue unchanged. Lender znay 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 upan an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) ElecCranic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INS7RUMENT --6�NE) last t 1 Page 11 of i 5 init�sis: Form 3028 9/01 � .;�! � �i��/ „yr��