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�0��o�4as <br />designated a subsritute norice address by notice to Lender. Bonower shall promptly notify Lender of <br />Bonower's change of address. If Lender specifies a procedu.re for reporting Bonower's change of address, <br />then Bonower shall only report a change of address through that specified procedure. <br />There may be only one designated norice address under this Se,curity 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 />Security Instrument shall not be deemed to have been given to Lender until actually re,ceived 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 conesponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construcfion. This Security Instrument shall be govemed by <br />federal law and the law of the jurisdicrion 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 agree by contract or it might be silent, but <br />such silence shall not be construed as a prohibirion against agreement by contract. In the event that any <br />provision or clause of this Security Instrument or the Note cflnflicts with Applicable Law, such conflict shall <br />not affect other provisions of this Security Instr�ent or the Note which can be given effect without 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 fem,nine gender; (b) words in the singular shall mean and include the plural <br />and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. <br />18. Transfer of the ProRerty or a Bene�iciaf tnterest in Borrower. As used in this Section 18, "Interest in <br />the Property" means any legal or beneficial interest in the Froperty, including, but not Iimited to, tl�ose <br />beneficial interests ri�ansferred ia a band for deed, coutract for deed, instailmeat sates coatract or escrow <br />agreeme�t, the intent of which is the transfer of ritle by Borrower at a future date to a purchaser. <br />If all or any part of the Progerty or any Interest in the Pmperty is sold or transferred (or if Borrower is not a <br />natural person and a beneficial interest in Bonower is sold or transferred) without I.ender's prior written <br />consent, Lender may require immediate payment in full of a3I sutns secured by this Security Instrument. <br />T�owever, this option shall nat be exercised by Lender if such exercise is prohibit� by Applicable I.aw. <br />If Lender exercises this oprion, Lender shall give Borrower norice of accelerarion. The norice shall provide a <br />period of not less than 30 days from the date the norice is given in accordance with Se,ction 15 within which <br />Bonower 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 pemutted 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, Bonower <br />shall have the right to have enforcement of this Secutity 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 />Insmiment; (b) such other period as Applicable Law might specify for the terminarion of Bonower's right to <br />reinstate; or (c) entry of a judgment enforcing this Securiry Instrument. Those conditions are that Borrower: <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 Instrument, including, but not limited to, reasonable attorneys' fees, <br />properly inspection and valuarion fees, and other f�s incurred for the purpose of prot�ting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMPB(NE) (1105) <br />Wolters Kluwer Financfal Servfces Page 12 of 17 <br />' ,� , e <br />