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201201805
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3/9/2012 8:29:22 AM
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3/9/2012 8:29:21 AM
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DEEDS
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201201805
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2Q120180� <br />designated a substitute 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 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 Bonower. Any notice in conne,ction 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 Se,curity Instrument is also required under Applicable L,aw, the Applicable Law <br />requirement will satisfy the conesponding 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 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 />provisian 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 />contticting pmvision. <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include conesponding <br />neuter words or words 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 sole discretion without any obligarion to take any action. <br />17. Borrower's Copy. Borrower shatl be given one capy of the Note and of this Security Insmunent. <br />18. Trans� of the Praperty or a Beneficial Interest m Borrower. As used in this Secrion 18, "Interest in <br />the Froperiy" means azry legat or beneficial interest in the Property, including, but not limitai to, those <br />beneficiai interests traIISferr� in a hond for deed, contract for deed, installment sales contract or escrow <br />agreement, the intent of which is the transfer of ride 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 />naturat person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written <br />consent, Lender ma.y require immediate payment in full of all sums secured by this Security Instniment. <br />However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of accelerarion. The norice shall provide a <br />periai of not less than 30 days from the da.te the notice is given in accordance with Section 15 within which <br />Bonower must pay all sums se,cured by this Security Instrument. If Borrower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies pernutted by this Security Instrument without <br />furl:her notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain condirions, Borrower <br />shall have the right to have enforcement of this Security Insm�ment 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 Borrower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions aze that Bonower: <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 covenants or agreements; (c) pays all expenses <br />incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, <br />property inspection and valuation fees, and other fees incutred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannfe MaelFreddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financiel Servic� <br />Form 3028 1 /01 <br />VMPBINE) I1105) <br />Page 12 of 17 <br />: .. � � � �Q � ,�� � : <br />
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