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201201527
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2/28/2012 9:27:57 AM
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2/28/2012 9:27:57 AM
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201201527
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2 0�20152� <br />designated a substitute notice address by notice to Lender. Bonower 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 spe,cified procedure. <br />There may be only one designated notice address under this Security Instnunent 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 Borrower. Any notice in connection with this <br />S�urity 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 conesponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This 5ecurity Instrument shall he governed by <br />federal law and the law of the jurisdiction in which the Property is located. All rights and obligations <br />cantained in this Security Instrument aze subj�t 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 prohibirion 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 />contlicting provision. <br />As used in this Se�urity Instrument: (a) words of the masculine gender shall mean and include conesponding <br />neuter words or w+ords of the feminine gender; (b) words in the singular shall mean and include the plural <br />and vice versa; and (c) the word "may" gives soIe discretion witkout any obligation to take any acrion. <br />17. Bore�ower's Cepy. Borrower shalt be given one copy of the Note aad of tlus S�vrity Instrument. <br />78. Transfer ot the Property or a Beneficial Interest in Borrower. As u�d in this Secrion I8, "Interest in <br />the Properly" means any Iegal or beIIeficial interest in t�e Properly, including, but not Iimited to, those <br />t�eaef�ial iaterests transferrec�. in a bond for deed, contract for deed, installment sates contract or escrow <br />agreement, the intent of which is the transfer of ritle by Borrower 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 transferred (or if Borrower is not a <br />natural person az►d a beneficial interest in Borrower is sold or transferred) without Lender's prior written <br />cansent, Lender may reqttire i�m�iate payment in full of all sums secured by this Security Instrument. <br />However, this ogtion shall not l� exercised by Lender if such exercise is prohibited by Applicable Law. <br />�f Le�ader exercises this option, Lender shall give Borrower nvtice 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 s�ured by this Security Instrument. 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 norice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower 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 />Instrument; (b) such other period as Applicable Law might specify for the temunation of Bonower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: <br />(a) pays L.ender all sums which then would be due under this Security Instnunent and the Note as if no <br />accelerarion had occuned; (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 inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Fam(ly-Fannie Mae/Fredtlle Mac UNIFORM INSTRUMENT Form 3028 1/O1 <br />VMP � VMP61NE) (t 105� <br />Wolters Kluwer Financial Services Page 12 of 17 <br />
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