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�Q�2o�90� <br />designated a substitute norice address by notice to Lender. Borrower sha11 promptly notify Lender of <br />Bonower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, <br />then Bonower shall only report a change of address through that specified procedure. <br />There may be only one designated notice address under this Security Insmiment at any one time. Any notice <br />to Lender sha11 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 norice in connection with this <br />Security Insmiment shall not be d�med 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 sarisfy the corresponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. T'his Security Instrument shall be govemed by <br />fe�eral 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 pa.rties to agre,e by contract or it might be silent, but <br />such silence shall not be construed as a prohibition against agre,ement 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 />conflicting provision. <br />As used in this Security Insmiment: (a) words of the masculine gender shall mean and include conesponding <br />neuter words or words of the feminine gender; (b) words in the singulaz shall mean and include the plural <br />and vice ver�; and (c) the word "may" gives sole discretion without any obligation to take any action. <br />17. Borrovver's �opy. Borrovwer shalI be given one copy of the Note and of this Security Instrument. <br />18. Transfer of the Property or a Beneficial Interest in �orrower. As used in this Secrion 18, "Interest ia <br />the Property" means any legal or beneficial interest in the Property, including, but not Iimited to, those <br />benefieial interests traasferred in a bond foa deed, contract for deed, instatlment sales contract or escrow <br />agre,ement, the intent of which is the txansfer 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 />na.tural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written <br />consent, Lender may require immediate payment in full of all sums se,cured by this Se,curity Instrument. <br />However, this option shall not be exercised by Lender if such exercise is pmhibite� by Applicable Law. <br />If Lender exercises this option, Lender shall give Bonower notice of acceleration. The notice shall provide a <br />period of not less than 30 days from the date the notice is given in accorda,nce with Section 15 within which <br />Borrower must pay all sums se,cured by this Security Insm�ment. 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 Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower <br />shall have the right to have enforcement of this Security Insmxment 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 Bonower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those condirions are that Borrower: <br />(a) pays Lender all sums which then would be due under this Security Insm�ment 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 Securiry Instrument, including, but not limited to, reasonable attorneys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT <br />VMP � <br />Walters Kluwer Financia� Services <br />Form 3028 1/01 <br />VMP6�NE) (1105) <br />Page 12 of 17 <br />8 <br />