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201201562
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3/7/2012 11:28:03 AM
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2/29/2012 11:06:10 AM
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201201562
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201201562 <br /> If Lender exercises this optioq Lender shall give Barrower notice of acceleration.The notice shall provide a <br /> period of notlessthan 30 days from the date the notice is given in accordance with Seciion 15 within which <br /> Borrowcr m�vst pay all sums secured by this Security Instrument.If Borrower fails to pay these sums prior to <br /> the cxpiration of this period,Lender may invoke any remedics permitted by this Securiry instrument without <br /> further notice or demand on Borrower. <br /> 19. Borrower's Right to Reinstate After Acceleration.If Borrower meets ccrtain conditions,Borrower <br /> shall have the right to have enforceinent of fl�is Securiry Instrument discontinued at any time prior to the <br /> earliest of: (a)five days before sale of the Property pursuant to auy power of sale contained in this Security <br /> Instrument;(b)such other period as Applicable Law migUt specify for the termination of Borrower's right to <br /> reinstate;or(c)entry of a judgment enforcing this Security Instrument. Those conditions are tha[Borrower: <br /> (a)paye Lender all sums which then would be due under this Sccuriry Instrument and rhe Note as if no <br /> acceleration had occurred;(b)cures any defauit of any othex covenants or agrccments;(c)pays all expenses <br /> incurred in enforeing this Securiry Instrument,including,but not limited to,reasonable attorneys' fees, <br /> property inspection and valuation fees,and other fees incurred far the purpose of protecting Lender's interest <br /> in the Property and rights under this Security instrument;and(d)takes such action as Lcnder may <br /> reasonably require to assm�e that Lender's interest in the Property and rights under this Securiry Insuumenc, <br /> and Borrower's obligation to pay rhe sums secured by this Security Instrument,shall conlinue unchanged. <br /> Lender may require that Borrower pay such reinstatement sums aud expenses in oue or more of the following <br /> forms, as salected 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, instrumentality or entiry;or(d)Electronic Funds Transfer.Upon reinstatement by Borrower, <br /> this Security Instrument aiid obligations secured hereby shall remain iiilly effective as if no acceleration had <br /> occurred.However,this right to reinstate shall not apply in the case of acceleration under Secuon I8. <br /> 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a paztial interest in the <br /> Note(together with this Securiry Instrument)can be sold one or more times without prior noficc to <br /> Borrower.A sale migbt result in a change in thc entiry(known as the"Loan Servicer")that collzcts Periodic <br /> Payments due under the Note and[his Security Instrument and performs other mortgage loan servicing <br /> obligations under the I�Tote, this Securiry Insuument, and Applicable Law.There also mighe be one or more <br /> changes of the Loan Servicer unrelated to a sale of the Notc. If there is a change of the Loan Servicer, <br /> Borrower will be given written notice of the change which�vill staie the natne and address of the new Loan <br /> Servicer,the address to whieh payments should be made and any other information RESPA requires in <br /> connaction 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 Borro�a�er will <br /> remain with thc Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the <br /> Note purchaser unless otherwise provided by thc Noce purchaser. <br /> Neither Borrower nor Lender may commence,join,or be joined Co any judicial action(as either an <br /> individual litigant or the member o£a class)that aiises from the other parry's actions pucsuant to this <br /> Sacurity Instrument 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 Borrower or Lender has notified the other party(with such <br /> notice given in compliance with the requirements of Secqon 15)oP such alleged breach and afforded tlie <br /> olher party hereto a reasonable period after the giving of such notice to take corrcctive action.If Applicable <br /> Law provides a time period which must elapse before certain action c;an be taken,that time period will be <br /> deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportuniry 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 deemcd to satisfy the notice and opportuniry to take corrective action provisions of this <br /> Section 20. <br /> 8601143364 8801143364 <br /> NFBRASKA-Sirgle Family-Fannie Mze/Freddle Mac UNIFORM INSTRUf�tENT WITH MERS Form 3028 1101 <br /> VMP^ VM?6A(NE)(1105) <br /> Wolter�s Kluwer Flnancial Servlces � Page 13 ot 17 <br />
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