201108679 - Laserfiche WebLink

Browse

20110867� If Lender exercises this option, Lender shall give Bortower notice of acceleration. The notice sha11 provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within wluch Borrower must pay all sums secured by this Security Instrumen� If Borrower fails to pay these sums prior to the expiration of tlus period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Bonower. 19. Borrower's Right to Reinstate After Acceleration. If Bonower meets certain conditions, Bonower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale of the Properly pursuant to any power of sale contained in this Security Instntment; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Bonower: (a) pays Lender all sums which then would be due under tlus Security Insttument 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 Instiument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurted 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 tha.t Lender's interest in the Property and rights under this Security Instntinent, and Bortower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may 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 upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, tlus Security Instrument and obligations secured hereby sha11 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. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or apartial interest in the Note (together with this Security Instrument) can be sold one or more times without prior notice to Bonower. A sale might result in a change in the entity (known as the "Loan Servicer") tha.t collects Periodic Payments due under the Note and this Security Instcvment and performs other mortgage loa.n servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will sta.te 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 the Loa.n is serviced by a Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferted to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual litigant or the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this Security Insirument, until such Bonower or Lender has notified the other party (with such notice given in complia.nce with the requirements of Section 15) of such alleged breach and afforded the other party hereto a reasonable period after the giving of such notice to ta.ke corrective action. If WCFG-00359 NEBRASKASingle Family-Fannle Mee/F►eddie Mac UNIFORM INSTRUMENT Fortn 3028 1/01 VMP� 03H1 Wolteia Kluwer Finartclal Servl�a 201111094.0.0.0.4002-J20110525Y Page 13 oi 16 '1 11 6•