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20120254� 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 saxisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction 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 allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of tlus Security Inshvment or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of tkus Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender sha11 mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" �ives sole discredon without any obligation to take any action. 17. Borrower's Copy. Borrower shall be �ven one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, conh�act for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Bonower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this oprion, Lender shall give Borrower norice of acceleration. The notice sha11 provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within wluch Borrower must pay all sums secured by this Security Instrument. If Bonower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without fiuther notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain condidons, Borrower shall have the right to have enforcement of this Security Instrumeat discontinued at any rime 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 terminarion of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instivment. 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 accelerarion had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Secutity Instrument, including, but not limited to, reasonable attomeys' fees, properiy inspecdon and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such acdon as Lender may reasonably require to assure that Lender's interest in the Property and rights under tUis Security Instrument, and Borrower's obligarion to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no accelera.tion had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 20. 5ale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Inshvment) can be sold one or more times without prior notice to Boaower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note and NEBRASKA Single Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT with MERSForm 3028 1/01 �� Page 10 of 13 ios, mc. • eorrower(s) Initlals