Figure: 7 TAC §90.503(c)(20)
"I have the right to stop you from enforcing the Loan Agreement any time before the earliest of:
a. 5 days before sale of the Property under
any power of sale included in the Loan Agreement;
b. the day required by Applicable Law for
the termination of my right to reinstate; or
c. the entry of a judgment enforcing the
Loan Agreement.
I can stop the enforcement of the Loan Agreement and reinstate the Loan Agreement if all the following conditions are met:
a. You are paid what I owe under the Loan
Agreement as if no acceleration had occurred;
b. I cure any default of any promise or agreement;
c. You are paid all expenses allowed by
Applicable Law, including reasonable attorneys' fees and other fees incurred
for the purpose of protecting your interest
in the Property and rights under
the Loan Agreement;
d. I comply with any reasonable requirement
to assure you that your interest in the Property will remain intact; and
e. I comply with any reasonable requirement
to assure you that my ability to pay what I owe will remain intact.
You may require me to pay for the reinstatement in one or more of the following forms:
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 federally insured; or
d. Electronic Funds Transfer.
Uponreinstatement, the Loan Agreement will remain effective as if no acceleration had occurred. However, this right to reinstate will not apply if I sell or transfer any interest in the Property without your permission."