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201200151
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1/9/2012 8:55:15 AM
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1/9/2012 8:55:14 AM
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DEEDS
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201200151
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20120015� <br />designated a substitute norice address by notice to Lender. Borrower shall promptly notify Lender of <br />Bonower's change of address. If Lender specifies a procedure for reporting Bonower's change of address, <br />then Borrower shall only report a change of address through that specified procedure. <br />There may he only one designated notice address under this Security Insmiment at any one time. Any notice <br />to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein <br />unless Lender has designated another address by notice to Bonower. Any notice in connection with this <br />Security Instrument shall not be de,emed to have been given to Lender until actually received by Lender. If <br />any norice required by this S�urity Instrument is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the conesponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This S�urity Instrument shall be govemed by <br />federal law and the law of the jurisdiction in which the Property is located. All rights and obligations <br />contained in this Security Instrument are subje,ct to any requirements and limitations of Applicable I.aw. <br />Applicable Law might explicitly or implicitly allow the parties to agr� by contract or it might be silent, but <br />such silence shall not be construed as a prohibition against agreement by contract. In the event that any <br />provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall <br />not affect other provisions of this Se�urity Instrument or the Note which can be given effect without the <br />conIIicting provision. <br />As used in ttus Security Instrument: (a) words of the masculine gender shall mean and include conesponding <br />neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural <br />and vice versa; and (c} the word "may" gives sole discretion without any obligation to take any action. <br />17. Borrovaer's Copy. Borrower shall be given one copy of the Note aztd of this Security incm,n►�t. <br />18. Transfer of th� Froperty or a Beneficiaf Interest in Borrower. As used in this Secrion 18, "Interest in <br />the Property" me,ans any Iegat or benefcial interest in the Property, including, but not limitec3 to, those <br />benef�cia! interests transfferred in a lmnd for deed, contract for deed, installment sales contract or escrow <br />agreement, the intent of whicfi is the transfer of title by �rrower at a future date to a purchaser. <br />If all or any gazt of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a <br />natural person aud a beneficial interest in Borrower is sold or transferred) without Lender's prior written <br />consent, L.ender may �eq,uire immediate payment in full of alI surr� s�ured by this Security Instrument. <br />However, this option sba1I not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises tlus option, Lender shall give Borrower norice of a�xeleration. The notice shall provide a <br />periad of not less than 30 days from the date the notice is given in accordance with Section 15 within which <br />Borrower must pay all sums s�ured by this Security Insmiment. If Borrower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies permitted by this Security Instru�►ent without <br />further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Bonower me,�ts certain conditions, Borrower <br />shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the <br />earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security <br />Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: <br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no <br />acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses <br />incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fces, <br />property inspection and valuarion fees, and other f�s incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP Q VMPB(NE) (1105) <br />Wolters Kluwer Financial Services Page 12 of 17 <br />
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