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201200927 <br /> designated a substitute notice address by notice to I.ender. Bonower shall promptly notify L,ender of <br /> Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, <br /> then Borrower shall only report a change of address through that specified procedure. <br /> There may 6e only one designated notice address under[his Securiry 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 address stated herein <br /> unless Lender has designated another address by notice m Bonower. Any notice in connection with this <br /> Securiry Instrumen[ shall not be deemed to have been given to I,ender until ac[ually received by Lender. If <br /> any notice required by this Security I�vstrument is also required under Applicable Law, the Applicable Law <br /> requirement will satisfy the corresponding requirement under this Security Instrument. <br /> 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be govemed by <br /> federal law and the law of the jurisdictio� in which the Property is located. All rights and obligations <br /> coniained in this Security Instrument are subjec[ to any requirements and limitations of Applicable Law. <br /> Applicable Law might explicitly or implicitly allow the parties to agree by contrac[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[his Security Instnunent or the Note conflicts with Applicable Law, such conflict shall <br /> not affect o[her provisions of[his Security Instrumen[or the Note which can be given effect without the <br /> conflicting provision. <br /> As used in this Security Instrumeat: (a) words of the masculine gender shall mean and include corresponding <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 diseretion without any obligation to take any action. <br /> 17. Borrower's Copy. Borrower shall be given one copy of the No[e and of this Security Instrument. <br /> 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Secpon 18, "Interest in <br /> the Property" means any legal or beneficial interest in the Property, including, but�ot limited to, those <br /> beneficial interests transferred in a bond for dced, wntract for deed, installment sales contract or escrow <br /> agreement, the intent ot which is the transfer of title by Borrower at a future date[o a purchaser. <br /> If all or any part of the Property or any Interest in the Property is sold or transferred(or if Borrower is not a <br /> natural person and a beneficial interes[in Borrower is sold or[ransferred) without Lender's prior written <br /> consent, Lender may reyuire immediate payment in full of all sums secured by this Security Instnunent. <br /> However, this option shall no[be exercised by Lender if such exercise is prohibited by Applicable Law. <br /> If Lender exercises[his 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 Security Instrument. If Borrower fails to pay these sums prior to <br /> the expitation of this period, Lender may invoke any remedies peanitted by this Security Instnunent without <br /> further no[ice or demand on Borrower. <br /> 19. Borrower's Right to Reinstate After Accel�rafion. If Borrower meets certain conditions, Borrower <br /> shall have the right to have enforeement of this Security Instrumen[discontinued at any time prior to the <br /> eazliest of: (a) five days before sale of[he Property pursuant to any power of sale contained in this Securiry <br /> Instrument; (b) such other period as Applicable Iaw might specify for the terminatio�of Borrower's right to <br /> reinstate; or(c)entry of a judgment enforcing this Securiry Instrument. Those conditions are t6at 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 wvenants or agreements; (c)pays all expeases <br /> incurred in enforcing this Securiry Ins[rument, including, but not limited to, reasona6le a[forneys' fees, <br /> property inspection and valuation fees, and other fees inwrred for the purpose of protecting Lender's interest <br /> NEBPASKA-Sngle Family�Fannle Mae,�Fredd�e Mac UNIFORM INSTflUMENT Form 3028 L'Ot <br /> VMP� VMPB(NE)�11051_00 <br /> WoHers Kluwer Finencial Senaes Page 12 ot 1� <br />