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201203359
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5/1/2012 9:35:52 AM
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5/1/2012 9:35:51 AM
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DEEDS
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201203359
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20120335� <br />designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of <br />Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, <br />then Borrower shall only report a change of address through that specified procedure. <br />There may be only one designated norice address under this Security Insmiment at any one time. Any notice <br />to Lender sha,ll 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 Bonower. Any notice in conne,ction with this <br />Security Instrument shall not be d�med to have been given to Lender unril actually received by Lender. If <br />any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law <br />requirement will sarisfy the conesponding requirement under this Security Instrument. <br />76. Governing Law; Severability; Rules of Construction. This Security Instrument shall be govemed by <br />federal law and the law of the jurisdicrion in which the Property is located. A11 rights and obligations <br />contained in this Se,curity Instrument are subject to any rec}uirements and limitations of Applicable Law. <br />Applicable Law might explicitly or implicidy allow the parties to agree by contract or it might be silent, but <br />sucl� silence sktall not be construect as a prohihirion against agreement by contract. In the event that any <br />provision or clause of this Security Instru.ment or the Note conflicts with AgpIicable La.w, such conflict shalI <br />not affect other provisions of this Security Instru,ment or the Note which caa be given efFect without the <br />conflicting provision. <br />As �i in tIiis Security Instniment: (a) words of the masculine gender shall mean and include corresponding <br />neuter words or words of the feminine gender; (b) words in the singulaz shall m�n and. include the plural <br />artd vice versa; an� (c) the �+orct "may" giv� sole discrerion without any obligatiox� to take any action. <br />17. Bonouaer's Copy. Borro�er s1s�II be giwen one copy of the Note aud of this Security Insuument. <br />'f 8. Transfer of the Property or a Benefie�al irtter�t in Borrower. As �ed in this Section I8, "Iaterest in <br />the Property" means a�y Iegal or beneficiat interest in the Property, including, but not limited to, those <br />berceficiat interests transferrec� in a bond for de�, contract for deed, installment sales contract or escrovv <br />agreement, the intent of which is the transfer of ride by Borrower at a future date to a purchaser. <br />If alI or any part of the Praperty or any Interest in the Property is sold or transferred (or if Borrower is not a <br />naturai person and a benefic'ral interest in Borrower is sold or transfened) without Lender's prior written <br />consent, I.ender may require i�ate gayment in fiill of all sums secured Uy tPris Secvrity Instrument. <br />However, this ogtioII sha� ac:E be exercised by I.ender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, I.enc�er shall give Borrower norice of acceleration. The norice shall provide a <br />period of not less than 30 days from the date the norice is given in accordance with Section IS within which <br />Borrower must pay all sums securefl by this Security Instrument. If Borrower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without <br />further norice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Bonower meets certain conditions, Bonower <br />sha11 have the right to have enforcement of this Security 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 />Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Bonower: <br />(a) pays Lender all sums which then would be due under this Security Instrument 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 />property inspe,crion and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mec UNIFORM INSTRUMENT Form 3028 1/O7 <br />VMP � VMP6(NE) (1105) <br />Wolters Kluwer Financial Services Page 12 of 17 <br />
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