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201200885
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2/3/2012 8:45:46 AM
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2/3/2012 8:45:46 AM
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201200885
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2012008�� <br />If Lender exercises this option, Lender shall give Borrower 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 5ecurity Instrument. If Borrower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies permitted by this Security Instnunent without <br />further notice or dema.nd on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower <br />shall have the right to have enforcement of this Security Insirument 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 />Instrwnent; (b) such other period as Applicable Law might specify for the termination of Bonower' s right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Bortower: <br />(a) pays Lender all sums wluch then would be due under this Security Instnunent and the Note as if no <br />acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays a11 expenses <br />incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />in the Property and rights under this Security Instrument; and (d) takes such action as Lender may <br />reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, <br />and Bonower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. <br />Lender may require that Bonower pay such reinstatement sums and expenses in one or rnore of the following <br />forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or <br />cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a <br />federal agency, instrumentalily or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Bonower, <br />this �curity Instrument and obligations secured hereby shall remain fully effective as if no acceleration had <br />occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. <br />20. Sale of Note; Change of Loan Servicer, Notice of Grievance. The Note or a partial interest in the <br />Note (together with this Security Instrument) can be sold one or more times without prior notice to <br />Bonower. A sale might result in a change in the entity (lrnown as the "Loan Servicer") that collects Periodic <br />Payments due under the Note and this Security Instrument and performs other mortgage loan servicing <br />obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more <br />changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, <br />Bonower will be given written notice of the change which will state the name and address of the new Loan <br />Servicer, the address to which payments should be made and any other information RESPA requires in <br />connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a <br />Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Bortower will <br />remain with the Lban �rvicer or be transferred to a successor Loan Servicer and aze not assumed by the <br />Note purchaser unless otherwise provided by the Note purchaser. <br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an <br />individual litigant or the member of a class) that arises from the other party's actions pursuant to this <br />Security Instrwnent or that alleges that the other party has breached any provision of, or any duty owed by <br />reason of, this Security Instrument, until such Bonower or Lender has notified the other party (with such <br />notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the <br />other party hereto a reasonable period after the giving of such notice to talce corrective action. If Applicable <br />Law provides a time period which must elapse before certain action can be taken, that time period will be <br />deemed to be reasonable for purposes of this pazagraph. The notice of acceleration and opportunity to cure <br />given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to <br />Section 18 shall be deemed to satisfy the notice and opportunity to talce conective action provisions of this <br />Section 20. <br />8801145731 <br />NEBRASKASingle Femily-Fannle M ae/Freddie M ec UNIFORM INSTRUM ENT W ITH M ERS <br />VMP � <br />Woltera Kluwer Flnanciel Services <br />8801145731 <br />Form 3028 1/01 <br />VMP6A(N� (11051 <br />Page 3 of 17 <br />�/ <br />/` . <br />� �� <br />
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