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20�2U194� <br />designated a subsritute 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 Instrument 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 Se,curity 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 Security Instrument shall be govemefl 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 />provision or clause of this Se.curiry Instrument or the Note confiicts with Applicable Law, such conflict shall <br />not affect other provisions of ttus Security Instrument or the Note which can be given effect �vithout the <br />conflicting provision. <br />As us� in ttus Security Instrument: (a} words of the masculine gender sha11 mean and include corresponding <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 worct "may" gives sole discretion without any obligation to take anp action. <br />1?. Borrower's Copy. Boarower siiall be given one copy of the Note and of this Security Inswment. <br />18. Trartwfer ot ttte Property or a Benefic�al interest in Borrow�. As used in ttus Section 18, "Interest in <br />the Property" means any Iega� or beneficial interest in the Property, including, but not limited to, those <br />beneficiat interests transferred ffi a lmnd for deed, contract for deed, installment sales contr� or escrow <br />agr�t, the intent of v�+hic� is the transfer of title by Borrower at a future date to � purchaser. <br />If aiI ar any part of the Properiy or any Interest in the Property is sold or transferred (or if Borrower is not a <br />nattu�al person and a beneficial interest in Bonower is sold or transferred) without Lender's prior written <br />consent, I.ender may require iminediate payment in full of all sums secured by this S�tt�ity Instrument. <br />However, tlzis oprion shall not be exercised by Lender if such exercise is prohibited by Applicable I.aw. <br />If Lender exercises this option, Lender sfiall give Borrower notice of accelerarion. 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 secured by this Security Instrument. If Borrower fails to pay these sums prior to <br />the expiration of this periad, Lender may invoke any remedies permitted by this Security Instrument without <br />fiuther notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Bonower m�ts certain condirions, Bonower <br />shall have the right to have enforcement of this Security Inst�ument discontinued at any time prior to the <br />earliest of: (a) five days before sale of the Properly pursuant to any power of sale contained in this Security <br />Insmiment; (b) such other period as Applicable Law might specify for the termination of Borrower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Bonower: <br />(a) pays Lender all sums which then would be due under this Security Instnunent 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 Instiument, including, but not limited to, reasonable attorneys' fees, <br />property inspe,ction and valuarion fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddte Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Finencial Services Page 12 of 17 <br />