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20i20404� <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 Borrower shall only report a change of address through that specified procedure. <br />There may 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 norice to Bonower. Any notice in connection with this <br />Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If <br />any norice required by this Security Instrument is also required under Applicable Law, the Applicable L,aw <br />requirement will satisfy the corresponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construcfion. This Security Instrument shall be govemed 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 subje,ct 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 sha11 not be construed as a prohibition against agreement by contract. In the event that any <br />provision or clause of this Security Instrument or the Note conflicts with .�pplicable Law, such conflict shall <br />not affect ather provisions of this Security Iffitrument or the Note which c�n be given effe,ct without the <br />conflicting provision. <br />As used in this Security Instrument: (a) words of the masculine gender shall me.an and include conesgonding <br />neuter words or words of the feminine gender, (b) words in the singular shatl mean and include the glural <br />and vice versa; aud (ej the word "may" gives sole diseretion without any obligation to take any acrion. <br />'t7. Borrower's Copy. Borrower shall be given oae copy of the Note and of this Security Instrument. <br />'�8. 'E►ansfer of the Praperty ar a Beneficial lnterest in Borrower. As used in this Section 18, "Inter�st ia <br />the Property" means any legal or beneficial interest in the Property, including, but not limited to, those <br />beneficial interests transferred in a bornl for �Ct, contract for deed, insta�Iment 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 Ptoperty is sold or transferred (or if Borrower is not a <br />natural person and a beneficiat interest in Borrower is sold or transferred) without Lender's prior written <br />consent, I.ender may require immediate payment in full of all sums s�ured by this Security Instrument. <br />However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises tlus option, Lender shall give Borrower norice of acceleration. 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 sums secured by this Security Instrument. If Bonower fails to pay these sums prior to <br />the expirazion of this period, Lender may invoke any remedies permitted by this Security Instnunent without <br />further notice or demand on Bonower. <br />?9. Borrower's Right to Reinstate After Accelerafion. If Borrower meets certain conditions, Borrower <br />shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the <br />eazliest 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 S�urity Instrument. Those conditions aze that Bonower: <br />(a) pays Lender all sums which then would be due under tlus 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 fces incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Walters Kluwer Financial Services <br />Form 3028 1lO7 <br />VMP6(NE) (1105) <br />Page 12 of 77 <br />' i � <br />