201102637 - Laserfiche WebLink

Browse

201102637 There may be only one designated notice address under this 5ecurity 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 ttris Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Insirument is also required under Applicable Law, the Applicable Law requirement will satisfy the conesponding requirement under this Security Instrument. 16. Governing Law; Severability; Rnles of Construction This Security Instruxnent 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 are subject to any requirements and limitations of Applicable Law. Applicable Law mi�t explicitly or implicifly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against apreement by contract. In the event tliat any provision or clause of this Security Insrivment or the Note conflicts with Applicable Law, such conflict shal! 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 Instrument: (a) words of the masculine gender sl�all 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" �ves sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shali be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Ben�cial Interest in Bortower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not lunited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the uztent of which is thc transfer of title by Borrower at a future date to a purchaser. If ail 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 transferrecn without Lender's prior written consent, Lender may require imznediate 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 �ve Borrower notice of accelerarion. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section IS 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 Security Instrument without further notice or demand on Bonrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Bonower shall have the right to have enforcement of this Security Instrument discontinued at any rime prior to the earliest of: (a) five days before sale of the Property purs�ant to any power of sale contai.ned in this Security Insm�ment; (b) such other period as Applicable Law might specify for the ternrination of Bonower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrucnent. Those conditions aze that Borrower: {a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (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 attomeys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Properry and rights under this Security Tilstrument; 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 obligation to pay the surn,s secured by this Security Instrument, shall continue unchanged. Lender may require that Bonower pay such reinstatement sums and expenses in one or more of the following forms, as setected by Lender: (a) cash; (b) money order; (c) certified check, bank check, �easurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits aze insured by a federa.l agency, instrumentality or entity; or (d) Electronic F�mds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 2200093927 D V6ANE NESRASKA - Single Famity - Fannie Mae/Freddie Mac UNfFORM INSTRUAAENT WfTH MERS �-6A(N� �oeiol Page of 15 Inttlals: �� Fwm 3028 1/07 8