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201200967
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2/7/2012 8:51:19 AM
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2/7/2012 8:51:19 AM
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201200967
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201200967 <br />designated a subsritute notice 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 be only one designated notice address under this S�urity 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 to Bonower. Any notice in conn�tion with this <br />Secutiry Instrument shall not be deemed to have been given to Lender until actually received by Lender. If <br />any notice required by this Security Instrument 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 S�urity Instrument shall be govemed by <br />federal law and the law of the jurisdicrion in which the Property is located. All rights and obligarions <br />contained in this S�urity Instrument aze 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 Insmiment or the Note conflicts with Applicable L.aw, such conflict shall <br />not affect other provisions of this Security Instrument or the Note which can be given eff�t without the <br />conIIicting provision. <br />As used 'm this Securiry Instrument: (a) words of the masculine gender shall mean and include conesponding <br />neuter words or words of the f?*n�nine gender; (b) words in the singular shall mean and include the plural <br />and vice versa; aud (c) the word "may" gives sole discretion without any obligation to take any action. <br />17. Boerouv�'s Copy. Barrower shall be given one copy of the Note and of this Security in.ccr��_e.±r. <br />18. Traa�sfer of fihe �sperty or a E�eneficial Interest in Borrower. As used in this Secrion 18, "Interest in <br />the Progerly" mea� a�y legal or benef cial interest in the Property, including, but not limited to, those <br />beneficiat i�eFests tra�feErec£ in a buud for deed, contract for deed, instaliment sales contract or escrow <br />agreement, the imern of wl�icl� is the transfer of ritle by Borrower at a future date to a purchaser. <br />If all or any paR of the Property or any Interest in the Property is sold or transfened (or if Borrower is not a <br />natural persu�t aud a beneficiai interest in Bonower is sold or transferred) without Lender's prior written <br />consent, Lender may re�,ire i,mmec�.iate payment in full of alI sums secured by this Security Instivment. <br />However, t�iis op�iun slia�I uo� be exercis� by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exerci�s 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 Secrion 15 within which <br />Bonower must pay all sums s�u.red by this Security 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 Instrument without <br />further norice or demand on Bonower. <br />19. Borrower's Right to Reinstate After Accelerafion. If Borrower me,ets certain conditions, 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 />Instrument; (b) such other period as Applicable Law might specify for the terminarion 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 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 attomeys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Fsmily-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP p <br />Woltera Kluwer Financial Services <br />Form 3028 1/01 <br />VMP61NE) (1705) <br />Paga 12 of 17 <br />r �� <br />
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