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�Oi20�OJ� <br />designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of <br />Borrower's change of address. If Lender specifies a procedure for reporting Bonower's change of address, <br />then Borrower shall only report a change of address through that spe,cified procedure. <br />There may be only one designated notice address under this Securiry Instniment 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 notice in connection with this <br />Security Instrument shall not be deemed to have been given to Lender until actually rec;eived by Lender. If <br />any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the corresponding 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 a.re 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 Security Instrument or the Note conflicts with Applicable Law, such conflict shall <br />not aff�t other provisions of this S�urity Instrument or the Note which can be given effect without the <br />conflicting provision. <br />As used in tius Security Instrument: (a) words of the masculine gender shall 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; anci (c) the word "may" gives sole discretion without any obligation to take any action. <br />'� 7. Borrovaer's Copy. Borrower shall be given one copy of the Note and of this Security Instniment. <br />'f 8. Transfer ofi the Property or a Beneficial Interest in Borrower. As used in this Section I8, "Interest in <br />the Property" means any legal or beneficial interest in the Property, including, but not limited to, those <br />beneficiat interests transferred in a bond for deed, contract for deect, installment sales contract or escrow <br />agreemen�, the i.utent of wivch is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any part of the Property or any Interest in the Properiy is sold or transferred (or if Bonower is not a <br />natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written <br />consent, Lendea may require immediate payment in full of all sums secured by this Security Instnunent. <br />However, this option shall not be exercised by Lender if such exercise is prolribited by Applicable Law. <br />If Lender exereises this oprion, Lender shall give Borrower norice of acceleration. The notice sha11 provide a <br />period of not less than 30 days from the date the norice is given in accordance with Section ] 5 within which <br />Borrower must pay all sums secured by this Se,curity Instrument. If Borrower fails to pay these sums prior to <br />the elcpiration of this period, Lender may invoke any remedies permitted by this 5ecurity Instniment without <br />fiuther norice or demand on Bonower. <br />19. Borrower's Right to Reinstate After Accelerafion. If Bonower mests certain conditions, Bonower <br />shall have the right to have enforcement of this Security Instrument 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 Borrower's right to <br />reinstate; or (c) entry of a judgment enforcing this Secutity Instrument. Those condirions are 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 Instivment, including, but not limited to, reasonable attomeys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Famfly-Fannte Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP Q <br />Wolters Kluwer Financial Services <br />Form 3028 1 /01 <br />VMP6(NE) (1105) <br />Page 12 of 17 <br />9 8 , , o <br />