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20120108C <br />designated a subsritute notice address by notice to Lender. Bonower shall promptly notify Lender 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 be only one designated notice address under this Security 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 />Security 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 L.aw <br />requirement will satisfy the corresponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security 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 Instrument are subj�t to any requirements and limitations of Applicable Law. <br />Applicable Law might explicitly or implicitly allow the parties to agrce by contract or it might be silent, but <br />such silence shall not be construefl as a prohibition against agr�ment 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 5ecurity Instrument or the Note which can be given eff�t 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 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 />17. Borrower's Copy. Bonower shall be given one copy of the Note and of this Security Instrument. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As useci in this S�tion 18, "Interest in <br />the Properiy" means any legal or beneficial interest in the Property, including, but not limited to, those <br />beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow <br />agrcement, the intent of which is the transfer of title by Bonower at a future date to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or transfened (or if Bonower is not a <br />natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written <br />consent, Lender may require immediate payment in fu11 of all sums secured by this Security Insmiment. <br />However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises tlus 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 />Borrower must pay all sums secured by this Security Instn�ment. If Bonower 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 notice or demand on Bonower. <br />19. Borrower's Right to Reinstate After Acceleration. If Bonower meets certain conditions, Bonower <br />sha11 have the right to have enforcement of this Security Instrument discontinuefl 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 ternrination of Bonower's right to <br />reinstate; or (c) entry of a judgment enforcing tlus Security Instrument. Those conditions aze that Borrower: <br />(a) pays Lender all sums which then would be due under this Security Insttument and the Note as if no <br />ac.celeration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses <br />incurrefl in enforcing this Security Instrument, including, but not limited to, reasonable attomeys' fees, <br />property insp�tion and valuation fees, and other fees incurrefl for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddte Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Servic� <br />Form 3028 1/01 <br />VMP81NEi (1106) <br />Page 12 of 17 <br />