201104759 - Laserfiche WebLink

Browse

20�104759 against agreement by contract. In the event that any provision or clause of this Securi.ty Instrument or the Note conflicts � with Applicable Law, such conflict sha11 not affect other provisions of this 5ecurity Inshument or the Note which can be given effect witb.out the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender sha.11 mean and include carresponding neuter words or words of the feminine gender; (b) wards 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. Barrower shall be given one copy of the Note and af this Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Sectian 18, "Interest in the Property" means any legal or beneficial interest in the Properly, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or eserow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any paxt of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a naxural person and a beneficial interest in Bonower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security InstYUment. However, this option shall not be exercised by Lender if such exercise is prolubited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice af 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 ex.piration of this period, Lender may invoke any remedies permitted by this Security Instrument without fiirther notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Bonower meets certaiin conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days befare sale of the Property pursuant to any power of sale contained in this Security Insttvv.ment; (b) such other period as Applicable Law might specify for the termina.tion of Borrawer's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender a11 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 a11 expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attomeys' fees, properiy inspection and valuation fees, and ather fees incurred for the purpose of 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 Instxument, and Borrower's obligation to pay the sums secured by tlus Security Inst7rru.ment, shall continue unchanged. Lender may require that Banower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) ca.sh; (b) money 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 hy a federal agency, inshumentality or entiiy; or (d) Electronic Funds Transfer. Upon reinsta,tement by Borrower, this Security Instrument and obligatians secured hereby sha11 remain fully effective as if no acceleration had occurred. However, this right to reinstate shall nat apply in the case of acceleration under Section 18. 20. Sale of Nate; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more times without priar notice to Bonower. A sale might result in a change in the entity (known as the "Loa.n Servicer") tha.t collects Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument, aud Applicable Law There also might be one or more cha,nges of the Loan Servicer unrelated to a sale of tbe Note. If there is a change of the Loan Servicer, Borrower will be given written natice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made and any other information RESPA requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter tbe Loan is serviced by a Laan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Bortower will remain with HCFO-00359 NEBRASKASingl� Family-Fannie MaetFredd[e Mec UNIFORM INSTRUMENT Form 9028 1/01 VMP� Wolte�s Kluwer Financiel Servtcea 201106174.0.0.0.4002-J2011022AY Page 10 of 13 1