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2012033�ti <br />designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of <br />Bonower's change of address. If Lender specifies a procedure for reporting Bonower's change of address, <br />then Bonower shall only report a change of address through that specified procedure. <br />There may be only one designated notice address under this Security Instnunent at any one time. Any notice <br />to Lender sha11 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 connection with this <br />Security Instrument shall not be deemed to have been given to Lender until actually rec;eived by Lender. If <br />any notice required by this S�urity Instrument is also required under Applicable Law, the Applicable Law <br />requirement will sarisfy the conesponding requirement under tlus Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by <br />federal law and tlie law of the jurisdiction in which the Property is located. All rights and obligations <br />contained in this S�urity Instrument are subject to any requirements and limitations of Applicable Law. <br />Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but <br />such silence shall not be construed as a prohibirion against agreement by contract. In the event that any <br />provision or clause of tlus Security In. �menr or the Note conflicts with Applicable Law, such conflict shall <br />not affect ather provisions of this SQCUrity Instrument or the Note which can be given effe,ct without the <br />contIicting provision. <br />As used in this Security Instrament: (a) words of the masculine gender shall mean and include corresponding <br />neuter words or words of the fermnine gender; (b) words in the singular shall mean and include the plural <br />arni vice versa; and (c) the word "may" gives sole discretion witfiout any obligation to take any action. <br />17. �orroverer's CcrPY- Borrower shall be given one copy of the Note and of this Security Instrcunent. <br />? 8. Trarrsfer of the Properly or a Bee�e��ial tnterest in &rrrower. As used in this Section I8, "Interest in <br />the Property" means auy Iega1 or bene�tciat interest in the Praperiy, including, but not limited to, tfiase <br />beneficiai interests transferred in a bond for deed, contract for d�l, instatlment sales contract or escrow <br />agre.ement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a <br />natiu�al person anc� a beneficial interest in Borrower is sold or transfened) without Lender's prior written <br />consent, Lender may require i�ediaie payment in full of all sums s�ured by this Security Inswment. <br />However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Iaw. <br />If L.eIIder exercises this option, Lender shall give Bonower norice of acceleration. The notice shall provide a <br />perio� of not less than 30 days from the date the notice is given in accordance with Section 15 within which <br />Borrower must pay all sums s�ured 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 Borrower meets certain conditions, Bonower <br />shall 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 Bonower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those condirions are that Borrower: <br />(a) pays Lender all sums which then would be due under this Security Instniment 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 lunited to, reasonable attomeys' fees, <br />property inspecrion and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 1 /01 <br />VMP6(NE) (1105) <br />Page 12 of 17 <br />x <br />