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2 0120344� <br />designated a substitute notice address by notice to Lender. Bonower shall promptly notify Lender of <br />Borrower'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 ma.y be only one designated notice address under this Security Instrument at any one time. Any notice <br />to Lender shall 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 Borrower. Any notice in connection with this <br />Security Instrument shall not be deemed to have b�n given to Lender until 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 />16. Governing Law; Severability; Rules of Construction. This 5ecurity Instrument shall be governed by <br />federal law and the law of the jurisdiction in which the Property is located. All rights and obligations <br />contained in this Security Instrument are subj�t to any requirements and limitations of Applicable Law. <br />Applicable Law might explicidy or implicitly allow the parties to agr� by contract or it might be silent, but <br />such silence shall not be construed as a prohibirion against agre,ement by contract. In the event that any <br />grovisioa or clause of thi,s Security Instrument or the Note conflicts with Applicable Law, such conflict shall <br />not affect other provisions of this Security Insmiment or the Note which can be given effe.ct without the <br />conflicting provision. <br />As use�i in this Security Instrument: (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 mean an� include the plural <br />a� vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. <br />'�7. Borrawer's Copy. �orrove+er sfiall be given one copy af the Note and of tius Security Instrument. <br />'b8. Transter of the Property Qr � Ben�firtisf Interest in Bc:rrawer. As used in this Section 18, "Interest in <br />the Property" means aay lega� ar �neficiai interest in the Fro�rty, including, but not limited to, those <br />benefici� interescs tra,nsferrec� ig a bona €or deed, contraac� far d�d, installment sales contract �r escrow <br />agreement, the intent of which is the transfer of title by Bormwer at a future date to a purchaser. <br />If aIl or any pazt of the Property or azry Interest iu the Property is sold or transferred (or if Borrower is not a <br />narival person and a beneficiat interest in Berrower is sol� or transferred) without Lender's prior written <br />eonsent, Len�er may recgu.i�e imme,cliate payment in full of aIi sums secured by tliis Se.curity Instn�.ment. <br />Ho�rever, this option sfiaU not be exercised by Lenc�er if such exercise is pmhibited by Applicable Iaw. <br />If Lender exercises this option, Lender shall give Borrower norice of accelerarion. The notice shall provide a <br />period of not less than 30 days from the date the norice is given in accordance with Section 15 within which <br />Borrower must pay all su.ms s�ured by this Security Insm�ment. 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 notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Accelerafion. If Borrower m�ts certain condirions, Borrower <br />shall have the right to have enforcement of this S�urity Instrument discontinued at any time prior to the <br />earIiest 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 Instivment. Those conditions are that Borrower: <br />(a) pays Lender a11 sums which then would be due under this S�urity 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 inspection and valuarion fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Si�le Family-Fannie Mae/Freddie Mac UIV�FORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financiel Services <br />Form 3028 1/07 <br />VMP6INE) (1105) <br />Page 12 of 17 <br />