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201108530
<br />Subject to the provisions of Section 18, any Successor in Interest ofBorrawerwho assumes Borrower's
<br />abIigations under this Security Instruznent in writing, and is approved by Lender, shall obtain all of Borrower's
<br />rights and ben�ts vnder this Security Instrumen�. Borrower shall not be released from Borrower's obligations
<br />and liability under this Security Instrument nnless Lender agrees to such release in writing. The covenants and
<br />agreements of tltis Security Tnstrument shall bind (except as provided in Saction 20) and benefit the successors
<br />and assigts of Lender.
<br />14. Loan Charges. Lender may charge Borrower fees far services perfarmed in connection with
<br />Borrower's default, for the purpose of protectina Lender's interest in the Properiy and rights under this Security
<br />Instruznent, incIuding, but not limited ta, attorneys' fees, property inspectian and valuation fees. Tn rea to any
<br />ather fees, the absence of express authority in this Security Inslxument to charge a specific fee to Borrower sha11
<br />not be construed as a prohibition on tha chargin� of such fee. T,ender may not charge fees that are expressty
<br />prohibited by this Seeurity Instrament or by Applicable Law.
<br />Tfthe Loan is su6jeck to a law which sets maximum toan charges, and that law is finally interpreted so
<br />that the interest or other foan charges collected or to be collected in connection with the Loan exceed the
<br />pemutted limits, then: (a) any such loan charge shali be reduced by the amount necessary to reducethe charge to
<br />the permitted limit; and (b) any sums already collected from Borrower which exceedsd permitted lirnits wilt be
<br />refunded ta Borrower. Lender may choose to make this refund by rede�cing the principa! owed under the Note or
<br />by making a direct payment to Borrower. If a refund reduces principal, tha reduction will be treated as a partial
<br />prepayment without any prepayment charge (whether ar not a prepayment char;e is provided far under the Note).
<br />Bonower's acceptance of any such refund made by direct payment to $ocrower will constitute a waiver of any
<br />right of action Borrower might have arising out of such overcharge.
<br />15. Notices. All notices given by Borrower or Lender in connectian with th is Se.curity Instrument must
<br />be in writing. Any notice to Borrower in connection with this Security Instrument sha.il be daemed to have been
<br />�iven to Bonower when maited by fust ctass mai l or whep actually deIivered to Borrower's notice address if sent
<br />by other means. Natice to any one Borrower shall constitute notice to all Bonowers unless Applicable T..aw
<br />expressly requires otherwise. The notice address shall be the Property Address untess Bo�rower has desi�nated a
<br />substitate norice address by notice to Lender. Borrower shaCl promptly notify Lender of Barrower's change of
<br />address. If Lender specifies a procedure for reportin� Borrower's change of address, then Bonower shall only
<br />report a change of address thrau�h that specified procedure. There may be only one designated natice address
<br />under this Security Instrument aa any one time. Any notice ta Lender shall be given by delivering it or by
<br />maiting it by ftrst class mail to 'Lender's addrass stated herein unless Lender h:as designated artother address i�y
<br />natice to Borrower. Any notice in connection with ihis Security Instrument shall not be daemed to have been
<br />given to Lender until actuatly received by Lender. Tf any notice teqaired by this Security Instrurnent is also
<br />required under Appficable Law, the Applica6le Law reyuirement wiit satisfy the correspanding requirement under
<br />this Security Instrument.
<br />16. Governing Law; Severability; Rules ofConstrnction. 'This Securiiy Instrument shail be �overned
<br />by federal iaw and the !aw of the jurisdiction in which the Property is located. All rights and obliaations
<br />carntained in this Security Tnstrument are subject to any requirements and Iimitations of Applicable I.aw.
<br />Applicable L,aw might explieitly or implicitly allow the parties to a�ree by cozrtraet or it migttt be silent, but such
<br />silence shall not be constrUed as a prohibition against a�reement by contract. In the event that any provision or
<br />clause of this Security instrument or the Note con#licts with Appiicable T aw, such canflict shali not affect ottter
<br />provisians ofthis Security Instrurnent or the Note which can be given effect without the conflicting provision.
<br />As used in this Security Insuument: {a) wards of the masculine gender shall nneazs and �ncludc
<br />corresponding neuter words or words of #he feminine gender; {b) words in the singular shall mecr�nn and inc[ude the
<br />plural and vice versa; ar►d {c) the word "may" gives sole discretian withaut any abliaation to take any action.
<br />17. Borrewer's Gogy. Borrower shall be given one copy of theNote and of this Security Instrument
<br />18. Transfer of the �roperty or a Beneficia[ T�terest in Box-cower. As used in this Section 1$,
<br />"Interest in the Property" means any legal or benaficial interest in the Property, incIuding, bvt not iimited to, those
<br />beneficiai interests transfenred in a bond for deed, conuact for deed, installment sales comract or escrow
<br />a�rreernent, the intent of which is the transfer oftitle by Borrower at a future date to a purchaser.
<br />If all or any part of the Properiy or aa�y Intexest in the Properiy is sold or transferred {or if Borrower is
<br />not a natural person and a beneficial interest in Borrower is soId or transferred) without L�nder°s prior written
<br />consent, Lender may reyuire immediate payment in fi�ll of all sums secured by this Security Instntment
<br />However, this option shall not be sxercised by L.ender if such exercise is prohibited by Applicable Law.
<br />If Lender exercises this option, Lender shall �ive Bonower notice oP acceleration. The notice shali
<br />pravide a period of not Iess than 30 days from the date the notice is �iven in accordance wiih Section i 5 within
<br />which Bonower must pay all sums secvred by this Sacurity Instrument. If Borrower fails to pay these sums priar
<br />to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without
<br />further r�otice or demand on Borrower.
<br />14. Borrawer's Right to Reinstate After Aceelerat+on. If Borrower meets certain conditions,
<br />Borrower shall have the ri�ht to have enforcement of this Security Instrument discantinued at any time prior to
<br />the earliest of (a} five days before sale of the Property pursvant ta any power of sale contained in this Security
<br />Instrumen� (b) such other period as Applicabie Law m��ht speci fy for the terminatian of Borrower's rigt�t to
<br />reinstate; or (c) entry o�'a judgmer�t enforcin� this Security Instrumen� Those canditions are that Borrower. (a)
<br />pays Lender all sums whiah thsn wonld be due under this Security Instrumant and the Note as if no accelsration
<br />had occurred; (b} cvres any default of any other covenants or ageements; (o) pays all expenses incurred
<br />in enforcina this Security Insirument, inc[uding, but not iimited to, reasonable attorneys' fees, properEy inspection
<br />and valuation fees, and other fees incurred for the purpose of protecting T.ender's interest in #he Propenly and
<br />rights under this Security Ix►strument; and (d) takes such action as Lender may reasonably require to assure ihat
<br />Lender's interest in the properly and rights under this Secarity Instrument, and Borrower's obligation to pay the
<br />sums secured by this Security Instrument, shalf continue unchanged. Lender may require thatBorrower pay such
<br />reinstatement sums and expenses in one or more of the following forms, as selected by Lender. (a) cash;
<br />(b) money order; (c) eertified eheck, bank check, treasurer's check or eashier's cheefc, provided anysuch check is
<br />drawn upon an institutioa whose deposits are insured by a federal a?ency, instrumentality or entity; ar
<br />(d) Biedronic Funds Transfer. Upon reinstatement by Bonrower, this Secunty Instrument and obligations secured
<br />hereby shall remain fully effective as if na acceleration had occurred. However, this ri,�ht to reinstate shall not
<br />apply in the case of acceleration under Section 18.
<br />20. Saie ofNote; Change of Loan Servicer;lVotice o�Grievance. The Nate or a partial interest in the
<br />Note {together with this Security Instrument) can be sold one or more tinnes without prior nohce to Boxrower. A
<br />sale mi�ht result in a change in the entity (l:nown as the "�,aan Servicer"} that collects Periodic Payments due
<br />1VEBYtASKA-�Single Family—Fannic Mac/Freddie Mac UNITORM iNSTRUMEN'T' (MEItS) Form 30281Hf1 (page 7 of 9 pages)
<br />i2439.CV (9/11) 43a0102506 Creafive Thinking, Inc.
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