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2p1�0037a <br />designated a subsritute notice address by notice to Lender. Borrower shall promptly notify Lender of <br />Borrower'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 spe,cified procedure. <br />There may he only one designated notice address under this Security Instrument at any one time. Any notice <br />to Lender sha11 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 deemed to have been given to Lender until actually received by Lender. If <br />any norice required by this Security Instrument is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the conesponding requirement under this Security Insmament. <br />16. Governing Law; Severability; Rules of Construction. This Security 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 subject to any requirements and limitarions of Applicable Law. <br />Applicable Law might explicidy 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 conesponding <br />neuter words or words of the feminine gender; (b) words in the singulaz 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 />'� 7. Borro�rer's Cepy. Borrower shali be given one copy of the Note and of this Security Instrument. <br />78. Trar�sfer ot the Property or a B�sneficial lnterest ir� �orrower. As used in this Section 18, "Znterest ia <br />the Properry" means any Iega� or beneficial interest in the Frogerty, including, but nat limited to, those <br />beneficial interests transferred in a bond for deed, contract for deed, installment sales coatract or escrow <br />agreement, the intenc of which is the transfer of title by Borrower at a future date to a purchaser. <br />If alI or any part of the Praperty or any Interest in the Property is sold or transferred (or if Bonower is not a <br />natural person and a benefccial interest in Borrower is sold or transferred) without Lender's prior written <br />consent, I.ender �y require immediate payment in fu11 of aIl sums secured by this Security Instrument. <br />However, this oprion shatl not be exercised by Lender if such exercise is proIubited by Applicable Law. <br />If Lender exercises this option, Lender sha11 give Borrower notice of acceleration. The notice shall provide a <br />period of not less than 30 days from the date the norice is given in accordance with Section 15 within which <br />Borrower must pay a11 sums se,cured by this S�urity Instnunent. If Borrower fails to pay these sums prior to <br />the expirarion of this period, Lender may invoke any remeclies permitted by this Se.curity Insmiment without <br />further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Accelerafion. If Bonower meets certain condirions, Bonower <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 />Instnunent; (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 Bonower: <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 attomeys' fees, <br />property inspecrion and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/O7 <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Ftnanctal Services Page 12 of 17 <br />