201102962 - Laserfiche WebLink

Browse

20110296� There may be only one designeted noHce address under tl�is 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 imless Lender has designated another address by notice to Borrower. Any notice in connection with this Security In.4trument sball not be deemed to have been given to Lender unhl actually received by Lender. If any notica required by this Security Inshument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding raquirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction This Security Instrument shall be govemed by federal law and the law of the jurisdiction in wluch the Property is located All right4 and obligarions contained in this Secutity Instrument aze subject to any requirements and luxritations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence s�ll not be conslrued as a prolubition against agreement by contract. In the event that any provision or clause of flus Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of flus Security Instrument or the Note wluch can be given effect without the conflicting provision ,As used in this 3ecurity Instrument: (a) words of the masculine gender shall mea�t and include conesponding neuter words or worda of the feminine gender; (U) 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 Instrument. 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 or beneficial interest in the Properiy, including, but not limited to, those beneficial interests transferred ia a bond for deed, contract for dced, installment sales wntract or escrow agcement, the intent of which is the �ansfer of title by Borrower aY a future date to a purchaser. If all or any pert of the Properiy or say lnterest in the Property is sold or h�ansferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or iransfecre� without Lender' s prior written consent, Lender may require immediate payment in full of all sams secured by this Security Instrumeat. However, tlus option shall not be exercised by Lender if such exercise is prolribited 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 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 ttris period, Lendea may invoke any remedies pernutted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reiastate After Acceleratioa If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest o£ (a) five days before sale of the Property pursuant to any power of sale contained in tivs Sec�uity Inslrument; (b) such other period as Applicable Law might specify for the trmL_a*+on of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument• Those condirions aze that Boirower: (a) pays Lender all s�m�s which then would be due under this Seauity Instrument and the Note as if no accelerarion had occurred; (b) cutes any default of any other covenants or agreements; (c) pays all expenses incurred in enforeing tlris Security Instrument, including, but not limited to, reasonable attorneys' fces, properry inspection and valuation fecs, and other fees incurrecl for the purpose of protecting Lender's interest in the Property and rights under this Sec.wity Instrumant; 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 Bonower's obligation to pay the sums secured by tlus Security Insnvment, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as seleded 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 institurion whose deposits are insured by a federal ageacy, instrumentality ar entity> or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, tUis Security Instrument and obGgarions secured hereby shall reuiain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 10-12301 NEBRASKA - Single Family - Fannie MaelFreddle Mae UNIFORM INSTRUMENT W ITH MERS �-BA(N� �oaio� Pepe 11 of 75 �n¢m�a: Form 3028 1/01 � ��