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201202724
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4/9/2012 8:46:17 AM
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4/9/2012 8:46:16 AM
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201202724
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����Q��,�� <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notica shall provide a <br />geriod of not less than 30 days &om the date the notice is given in accordance with Se�tion 15 within which <br />Borrower must pay all sums sec�ued by this Security Instrument. If Borrower fails to pay these sums prior to <br />the expiration of tt►is period, Lender may invoke any ramedies permitted by this Security Instivment without <br />fiuther norice or demand on Bonower. <br />1�. Borr+ower's Rtght to Relnstate After Acxeleratfon. If Borrower meets certain conditions, Borrower <br />shall have the right to have enforcement of ttus Security Instr�unent discontinued at any time prior to the <br />eazliest of (a) five days befora sale of the Property pursuant to any power of sale contained in this Security <br />Instrument; (b) such other period as Applicable Law might spe�ify for the termination of Borrower' s right to <br />reinstate; or (c) entry of a judgment enforcing this Security Insavment. Those conditions are that Bonower: <br />(a) pays Lender all sums which then would be due under tlus Security Instrument and the Note as if no <br />acceleration had occiured; (b) cures any default of any other covenants or agreements; (o) Pays a11 expensas <br />incurred in enforcing this Sec�u�ity Inst�vment, including, but not limitsd to, reasonable attorneys' fees, <br />property inspeclion and valuation fees, and other fees incuired for the purpose of protecting Lender's interest <br />in the Property and rights under this Sacarity Instrument; and (� takes such action as I,ender may <br />reasonably require to assure that Lender' s interest in the Property and rights under this Se�urity Instrument, <br />and Borrower's obligation to pay the sums s�,vred by ttus Se�urity Instrument, shall continue unchanged. <br />Lender may require that Boirower pay such reinstatement sums and expenses in one or more of the following <br />forms, as select� by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer' s check or <br />cashier's check, provided any such ch�k is drawn upon an institution whose deposits are insureri by a <br />federal agency, instrumentality or entity; or (d) Ele�tronic Funds Transfer. Upon reinstatement by Borrowar, <br />this 5e�urity Instrument and obligations secived hareby shall rexnain fully effective as if no acceleration had <br />occurred. However, this right to reinstate shall not apply in the case of acceleration under Se�tion 18. <br />20. Sale of Note; Change of L�oan Servfcer, Notice of Grievance. The Note or a partial interest in the <br />Note (together with ttus Security Instr�mient) can be sold one or more times without prior notice to <br />Boaower. A sale might result in a change in the entity (lrnown as the "Loan Servicer") that collects Periodic <br />Payments due under the Note and this Se�urity Instrument and performs other mortgage loan servicing <br />obligations under the Note, this Security Inslrument, and Applicable Law. There also might be one or mora <br />changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, <br />Bonower will be given written notice of the change wluch will state the name and address of the new Loan <br />Servicer, the address to wluch paymer►ts should be made and any other information RESPA requires in <br />connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a <br />Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Bonower will <br />remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not ass�mned by tha <br />Note purchaser unless otherwise provided by the Nota purchaser. <br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an <br />individual litigant or the member of a class) that arises from the other party' s actions pursuant to this <br />Security Instrument or that alleges that the other parly has breached any provision of, or any duty owed by <br />reason of, this S�arity Instrument, until such Boaower or Lender bas notified the other party (with such <br />notice given in compliance with the requirements of Section 1� of such alleged breach and afforded the <br />other pariy h�reto a reasonable period after the giving of such notice to take corrective action. If Applicable <br />Law provides a time period wluch must elapse before certain action can be taken, that time period will be <br />deemed to be reasonable for purposes of this paragraph. The notice of acc;eleration and opporhmity to cure <br />given to Bonower pursuant to Section 22 and the notice of acceleration given to Bonower pursuant to <br />Section 1 S shall be deeme� to satisfy the norice and opporiunity to take corrective action provisions of this <br />Section 20. <br />2200244242 D VBANE <br />NEBRASKA-Singla FamOy-F�nfe Mae/Freddie Mao UNIFORM INSTRUMENT WITH MERS Form 3038 7/07 <br />VMP (ql VMPBA�NE) (t 106) <br />Wolters Kluwer Rnmidal Sarvices Pege 13 of 77 <br />
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