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20120370� <br />designated a substitute notice address by notice to Lcnder. Borrower shall promptly notify Lender of <br />Borrower's change of address. lf 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 natice address under this Security Instrument at any one time. Any noticc <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 adciress by notice to Borrower. Any notice in connection with this <br />Security lnstrument shall not be deemed to have been given to Lcnder 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 satisfy the corresponding requirement under this Security Instrument. <br />16. Goverr�ingLaw; Severability;Rulesof Construction.This Security 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 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 prohibition against agreement by contract. In the event that any <br />provision ar clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall <br />not affect other provisions of this Security Instrument or the Note which can be given effect without the <br />conflicting provision. <br />As used 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 singular shall mean and include the plural <br />and vice versa; and (c) the word "rnay" gives sole discretion witl�out any obligation to take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of tl�is Security Instrument. <br />18. Transferof the Propertyor a Beneficiallnterest in Borrower.As used in this Section 18, °interest in <br />the Property" means any legal or beneficial interest in the Property, including, but not limited to, those <br />beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow <br />agreement, 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 Properiy is sold or transferred (or if Barrower is not a <br />natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written <br />consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. <br />However, this option shall not be exercised hy Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a <br />period of not less than 30 days from the date the notice is given in accordance with Section 15 witl�in which <br />Bortower must pay all sums secured by this Security Instrurnent. If Borrower fails to pay these sums prior to <br />the expiration of this period, Lender may invake any remedies permitted by this Security Instrument without <br />further notice or demand on Borrower. <br />19. Borrower's Rightto ReinstateAfter Acceleration.If Borrower meets certain conditions, Borrower <br />shall have the right to have enforcement of this Se.curity Instrument discontinued at any time prior to the <br />earliest of: (a) five days before sale of the Property pursuant to any pawer 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 Borrower: <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 inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKASingle Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMPB(NE) (1105).00 <br />Wolters Kluwer Financial Services Paga 12 of 17 <br />