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20120229� designated a substitute norice address by notice to Lender. Bonower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Bonower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender sha11 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 Borrower. Any norice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will saLisfy the conesponding requirement under this S�urity Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdicrion 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 a11ow the parties to agree by contract or it might be silent, but such silence shall not be c�nstrued as a prohibition against agreement by contract. In the event that any provision or clause of this 5ecurity Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in tlus Security Instrciment: (a) words of the masculine gender shall mean and include conesponding neuter words or words of the feminine gender; (b) words in the singular sha11 meuui and include the plural and vice versa; and (c) the word "may" giv� sole discretion without any obligatioa to take any action. 17. Borrower's Capy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfe► of the Froperty or a Bene�icial Inter�t in Borrower. As us�i in this Section 18, "Interest in the Property" means any Iegal or beneficial interest in the Property, incIudiag, but not limited to, those Ueneficial interests tr�tnsfened in a bond for deed, contract for de�, installment sales contract or escrow agr�ment, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or traIISferred (or if Borrower is not a natival person anct a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immefliate payment in full of all sums secured by this Security Insmiment. However, this option shall not be exercised by Lender if such exercise is prolubited by Applicable Law. If Lender exercises this option, Lender shall give Borrower norice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums se.cured by this Security Insm�ment. If Borrower 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 Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Bonower meets certain conditions, Bonower shall have the right to have enforcement of this Security Insmiment 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 termination of Bonower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurre�; (b) cures any default of any other covenants or agr�ments; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspe,ction and valuation fees, and other fees incurred for the purpose of protecting Lender's interest NEBflASKA-Single Famfly-Pannte Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Wolters K�uwar Financial Services Form 3028 1/O7 VMP6fNE1 (11051 Page 12 of 17