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201203660
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Last modified
6/5/2012 4:39:15 PM
Creation date
5/9/2012 11:00:38 AM
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DEEDS
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201203660
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20120366� <br />Note conflicts with Applicable Law, such conflict shall not affect other provisions ofthis Security Instrument or the Note <br />which can be given effect without the conflicting provision. <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter <br />words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and <br />(c) the word "may" gives sole discretion without any obligation to take any action. <br />17. Borrower's Copy. Borrower sha11 be given one copy of the Note and of tlus Security Instrument. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the <br />Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests <br />transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of wluch is the <br />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 natural <br />person and a beneficial interest in Bortower is sold or transferred) without Lender's prior written consent, Lender may <br />require iaunediate payment in full of all sums secured by tlus Security Instrument. However, this option shall not be <br />exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this oprion, Lender shall give Borrower notice of acceleration. The notice shall provide a period <br />of not less than 30 days from the date the nptice is given in accordance with Section 15 within which Borrower must pay <br />all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, <br />Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate AfterAcceleral3on. If Borrower meets certai�n conditions, Borrower shall have <br />the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days <br />before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as <br />Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing <br />this Security Instrument. Those conditions are that Boaower: (a) pays Lender all sums wtrich then would be due under <br />this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays a11 expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable <br />attorneys' fees, property inspection and valuarion fees, and other fees incurred for the purpose of protecting Lender's <br />interest in the Property and rights under this Security Inshvment; and (d) ta.kes such action as Lender may reasonably <br />require to assure that Lender's interest in the Property and rights under this Security Inslrument, and Borrower's <br />obligation to pay the sums secured by this Security Instrument, shall continue unchaaged. Lender may require that <br />Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: <br />(a) cash; (b) money order; (c) certified check; bank check, treasurer's check or cashier's check, provided any such check <br />is drawn upon an institution whose deposits aze insured by a federal agency, instrumentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain <br />fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of <br />acceleration under Section 18. <br />20. Sale of Note; Change of Loan Servicer; Nottce of Grlevance. The Note or a partial interest in the Note <br />(together with this Security Insirument) can be sold one or more times without prior notice to Borrower. A sale might <br />result in a change in the entity (lmown as the "Loan Servicer") that collects Periodic Payments due under the Note and <br />this Security Instrument and performs other mortgage loan servicing obligations under the Note, tius Security Instrument, <br />and Applicable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If <br />there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and <br />address of the new Loan Servicer, the address to which payments should be made and any other information RESPA <br />requires in connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a <br />Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain with <br />the Loan Servicer or be transferred to a successor Loan Servicer and aze not assumed by the Note purchaser unless <br />otherwise provided by the Note purchaser. <br />NEBRASKA -Single Family-Fannle MaelFreddle Mac UNIFORM INSTRUMENT <br />Page 10 of 13 <br />10.5, Inc. <br />BOROWB!(S� I�IU8I3 <br />
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