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201202736
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Last modified
6/5/2012 4:32:01 PM
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4/9/2012 8:50:10 AM
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201202736
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201�0��3C <br />Loan No: 601883d2 Data ID: 523 <br />16. Governing Isw; Severability; Rules of Construction. This Secvrity Insttument shall be <br />gwemed by federal law aad the law of the jurisdiction in wltich the Property is located. All rights and <br />obligations contained in this Security Insuument aze subject to any requirements and limitations of <br />Applicable Law. Applicable Law might explicitly or impHcifly allow the parties to agree by conuact <br />or it might be sllent, but such sllence shall not be construed as a pmlu'biuon against agreement by <br />wnuacK. In the event that any provision or clause of this Security Instrument or the Note conflicts <br />wIth Applicable Iaw, such conflict shall not affect other provisions of this Security Instrument or the <br />Note which can be given effect without the conflicting provision <br />As used in t6is Security Instrument: (a) words of the masculine gender shall mean and include <br />conesponding neuter words or words of the feminine gender; (b) words in the singular shall mean and <br />include the plutal and vice versa; and (c) the word "may" gives sole discretion without any obligation <br />to take any action <br />17. Borrower's Copy. Borrower shall be givea one copy of the Note and of this Secvrity <br />InstrumenL <br />18. Transfer of the Property or a Bene8cial Interest in Borrower. As used in this Section 18, <br />"Interest in the Properry° means any legal or beneficial interest in the Properry, including, but not <br />limited to, those beneffcial interests transfened in a bond for deed, contract for deed, installment sales <br />conuact or escrow agreement, the intent of which is the transfer of title by Borrower at a future date <br />to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if <br />Borrower is not a natural person and a beneficial interest in Borrower is sold or uansferred) without <br />I.ender's prior written wnsent, L.ender may require immediate payment in full of all sums secvred by <br />this Secvriry InstrumenG However, this option shall not be exercised by L.ender if such exercise is <br />prolu'bited by Applicable Iaw. <br />If Lender eaercises this option, L.ender shall give Bonower notice of acceleradon. The nouce <br />shall provide a period of not less than 30 days from the date the notice is given in accordance with <br />SecKion 15 within which Bonower must pay aU sums secured by this Security Instrument. If Borrower <br />faiLs to pay these sums prior to the expiradon of this period, I.ender may invoke any remedies <br />permitted by this Security Instrument witt►out further nodce or demand on Bonower. <br />19. Borrower's Right to Reinstate After Acceleratlon. ff Bonower meets certain condidons, <br />Borrower shall have the right to have enforcement of this Security Insuument discontinued at any time <br />prior to the earliest of: (a) five days before sale of the Properry pursuant to any power of sale <br />contained in this Sewrity Instrument; (b) such other period as Applicable Iaw might specity for the <br />termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security <br />Instrument Those conditions are that Bonower: (a) pays I.ender all sums wluch then would be due <br />under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default <br />of any other covenants or agreements; (c) pays all expenses incvrred in enforcing this Security <br />Instrument, including, but not limited to, reasonable attomeys' fees, property inspection and valuation <br />fees, and other fees incurted for the purpose of protecting I.ender's interest in the Property and rights <br />under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure <br />that Lender's interest in the Properry and rights under this Security Instrument, and Borrower's <br />obligation to pay the sums secured by this SecurIty Instrument, shall continue unchanged. Lender may <br />require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, <br />as selected 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 insured by <br />a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by <br />Borrower, this Secvrity Instrument and obligations secured hereby shall remain fully effective as if no <br />acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration <br />under Section 18. <br />20. Sale of Not� Chauge of Loan Servlcer, Notice of GrIlevance. The Note or a partial interest <br />in the Note (together with this Security Insuument) can be sold one or more times without prior notice <br />to Borrower. A sale might result in a change in the entity (l�own as the "I.oan Servlcer°) that collects <br />Periodic Payments due under the Note and this Securiry Instrument and performs other mortgage loan <br />secvicing obligations under the Note, this Secuc3ty Instrument, and Applicable Law. There also might <br />be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of <br />the Loan ServIcer, Bonower will be given written nodce of the change which wIll state the name and <br />address of the new L.oan Secvicer, the address to w2dch payments should be made and any other <br />information RESPA requires in connection wIth a nodce of transfer of seivicing. If the Note is sold <br />and thereafter the Laan is serviced by a L.oan Setvicer other than the purchaser of the Note, the <br />mortgage loan servicing obligations to Borrower wll remain with the Loan Servicer or be uansferred <br />to a successor Loan Seivicer and aze not assumed by the Note purchaser unl�s otheiwise provided by <br />ffie Note purchaser. <br />NEBRASKA VA DEEQ OF TRUST wrm � uw (P89B e of �� �8�1 <br />
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