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20�201 designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Bonower shall only report a change of address through that specified procedure. There may be only one designated norice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Bonower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any norice required by this S�urity Instrument is also required under Applicable Law, the Applicable Law requirement will sarisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construe� as a prohibirion against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affe.ct other provisions of this Security Insrivment or the Note which can be given eff�t without the conflicting provision. As used in this Seeurity Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or �vords of the feminine gender; (b) words in the siugvlar shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borro�rer's Copy. Borrower sh�lt be given one copy of the Note and of this Security Insunment. 18. �'ransfer of the Property or a Beneficial interest in Borrower. As used in this SectioII 18, "Interest in the Froperty" meaas any Iegsl or beneficial interest in the Pro�rty, including, but not limited to, those beneficiai iaterests tEansF�ned in a band for dee�, contract fos deed, iastallmeut sales contract or escrow agreement, tfie inteIIt of which is t�e transfer of title by Borrower at a future date to a purchaser. ff a11 or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a nahual person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payinent in full of all sum.s secured by this Security Iastrument. However, this option shatl not be exercised by Lender if such exercise is prolubited by Applicable Law. If Lender exercises this option, I.ender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Se,ction 15 within which Borrower must pay all sums s�ured by this Security Instniment. If Bonower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Bonower. 't9. Borrower's Right to Reinstate After Accelerafion. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specify for the terminarion of Borrower's right to reinstate; or (c) entry of a judgtnent enforcing this Security Instrument. Those conditions are that Bonower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspecrion and valuation fees, and other fees incurred for the purpose of protecting Lender's interest NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 7/01 yry�p � VMP6�NE� (1105) Wolters Kluwer Financlal Services Page 12 of 17