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201202033
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3/19/2012 9:30:39 AM
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3/19/2012 9:30:39 AM
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DEEDS
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201202033
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�0120203� <br />designated a subsritute notice address by notice to Lender. Bonower shall promptly notify Lender of <br />Borrower's change of address. If L.ender specifies a procedure for reporting Borrower's change of address, <br />then Borrower sha11 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 connection with this <br />Se,curity Instroment shall not be deemed to have b�n given to Lender until actually received by Lender. If <br />any notice required by this S�urity Instivment is also required under Applicable Law, the Applicable Law <br />requirement will sarisfy the conesponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This S�urity Instrument shall be governed by <br />federallaw and the law of the jurisdiction in which the Property is located. All rights and obligations <br />contained in this Security Instrument aze subject to any requirements and limitations of Applicable Law. <br />Applicable Law might explicitly or implicitly allow the parties to agr� 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 affect other provisions of this Se,curity Instrument or the Note which can be given effe.ct withaut the <br />conflicting provision. <br />As used in this 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; and (c} the word "may" gives sote discretion without any obligation to take any acrion. <br />'F 7. Boe�rovver's Capy. Borrower shall 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 in <br />tfie Froperry" means atty legal or beIIeficial interest in the Property, including, but not limited to, those <br />beBeficial interests transferted in, a imnd for deed, contract for deed, installment sales contract or escrow <br />agreement, the intent of wluch is the transfer of titIe 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 />natural 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 a11 sums se,cured by this Security Instrument. <br />I�owever, this option shall not be exercised by Lencier if such exercise is proltibited by Applicable Law. <br />If I.ender exercises thits oprion, Lender shall give Borrower norice of accelerarion. The notice shall provide a <br />geriod of not less than 30 days from the date the notice is given in accordance with Section 15 within wluch <br />Borrower must pay all sums secured by this Security Instniment. 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 notice 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 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 />Instnunent; (b) such other period as Applieable 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 aze that Bonower: <br />(a) pays Lender all sums which then would be due under this S�urity Instrument and the Note as if no <br />acceleration had occuned; (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 incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Famtly-Fannie 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 />` e <br />
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