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201200261
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1/11/2012 8:58:22 AM
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201200261
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2og2GOZS� <br />designated a substitute notice addtess by notice to Lender. Borrower shall promptly notify Lender of <br />Bonower's change of address. If Lender specifies a procedure for reporting Borrower's change of addre.ss, <br />then Borrower shall only report a change of address through that specified procedure. <br />There may be only one designated notice address under this Secutity Instrument 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 addtess stated herein <br />uuless Lender has designated another address by notice to Borrower. Any notice in connection with this <br />Security Insixument shall not be deemed to have been given to Lender until actually received by Lender. If <br />any notice required by this Security Insirument is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the corresponding requirement under this Security Instrument. <br />16. GoverningLaw; Severability;Rulesof Construction.This 5ecurity Instrument shall be governed 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 Insh�ument are subject to any requirements and limitations of Applicable Law. <br />Applicable Law might explicitly or implicitly allow the parties to agree 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 Security Instrument or the Note which can be given effect without the <br />conflicting provision. <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding <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. BoITOwel's Copy. Bortower shall be given one copy of the Note and of this Security Inshvment. <br />18. Transfer of the Property or a Beneficiallnterest in Borrower. As used in this Section 18, "Interest in <br />the Property" means any legal or beneficial interest in the Property, including, but not limited to, those <br />beneficial interests hansfetred in a bond for deed, contract for deed, installment sales conttact or e.4ctow <br />agreement, the intent of which is the ttansfer of title by Borrower at a future date to a purchaser. <br />If all or any part of the Propetty or any Interest in the Property is sold or iransferred (or if Bortower is not a <br />natural person and a beneficial interest in Borrower is sold or trausferted) without Lender's prior written <br />consent, Lender may require immediate payment in full of all sums secured by this Security Insttument. <br />However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, Lender shall give Bortower notice of acceleration. The notice shall provide a <br />period 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 secured by this Secutity Instrument_ If Bortower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without <br />fiuther notice or demand on Borrower. <br />19. Borrower's Rightto ReinstateAfter Acceleration.If Borrower meets certain conditions, Borrower <br />shall have the rigbt to have enforcement of this Security Instrutnent discontinued at any time prior to the <br />earliest of: (a) five days before sale of the Property putsuant 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 Secwity Insh�ument and the Note as if no <br />acceleration had occutred; (b) cwes 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 attomeys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKASingle Family-Fannia Mae/Freddie Mac UNIFORM INSTRUMENT Fortn 30281/01 <br />VMP � VMPB(NE) (1105).00 <br />Wolters Kluwer Financial Servicas Page 12 of 17 <br />� �� <br />� � <br />
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