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20�20325w designated a substitute notice address by notice to Lender. Borrower shall prompfly notify Lender of Borrower's change of address. If Lender specif'ies a procedure for reporting Bonower's change of address, then Borrower shall only report a change of address through that specif'ied procedure. There may be only one designated notice address under this Securiry Instrument at any one time. Any notice to I,ender shall be given by delivering it or by mailing it by �rst class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice 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 Securiry Instrument is also required under Applicable Law, the Applicable I,aw requirement will satisfy the corresponding requirement under this Securiry Instrument. 16. Governing Law; Severability; Rules of Construction. This Securiry Instrument shall be govemed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Securiry Instrument are subject to any requirements and limitations of Applicable L.aw. Applicable L.aw might explicidy 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 this Securiry 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 this Securiry Instrument: (a) words of the masculine gender shall mean and include conesponding 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" gives sole discretiou without any obligaLion to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Securiry 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, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of tide 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 transfened (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 immediaie 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 L.aw. If Lender exercises this option, Lender shall give Bonower notice 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 secured by Wis Securiry Instnunent. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies germitted by this Securiry Instnunent without further notice or demand on Bonower. 7 9. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Securiry Instrument 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 L,aw might specify for the termination of Borrower's right to reinstate; or (c} entry of a judgment enforcing this Securiry Instrument. Those conditions aze that Borrower: (a) pays Lender all sums which then would be due under this Securiry Instrument and the Note as if no acceleraxion had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Securiry Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incuned for the purpose of protecting Lender's interest NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6(NE) (1105).00 Wokers Kluwer Financial Services Psge 12 of 17