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201204235
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5/30/2012 8:47:49 AM
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201204235
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2012042�� <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 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 notice address under this Se,curity 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 Bonower. Any notice in connection with this <br />Security Instrument sha11 not be deemed to have b�n 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 Law <br />requirement will sarisfy the conesponding requirement under this Se,curity Instrument. <br />76. Governing Law; Severability; Rules of Construcfion. This Security Instrument shall be governed by <br />federal law and the law of the jurisdicrion 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 L.aw. <br />Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but <br />such siienr.e shall not be c:onstrued as a prolubirion against agreement by contract. In the event that any <br />provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall <br />not affect other provisions of this Security Instivm�t or the Note which ca� be given effect without the <br />contlicting provision. <br />As used in this Security Iastrument: (a) words of the masculine gender shall mean and include corresponding <br />n�rt�r words or words of the feminine gender; (b) words in the singutar shall mean and incIude the plural <br />an� vice versa; a�d (c} che varord "m�y" gives sote discfetion without any obligation to take any action. <br />77. Borrow�r's Copy. �orro�ver shall be given on� copy of the Note and of t.�us Security Instrument. <br />'t8. Transfer of the Prop�rty or a Beneficial lnterest in Borrower. As used in this S�tion 18, "Interest in <br />the Praperiy" means any legal or beneficial iaterest in the Property, iaciudiag, but not Iimited to, those <br />beneficiat urterests t�sferred in a bond for deed, contract for deed, installment sales contract or escrow <br />agreemern, the inteat of which is the transfer of title by Borrower at a future daie to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if Bonower is nat a <br />natival person and a beneficial interest in Borrower is sold or transfened) without Lender's prior written <br />consent, Lender may re�uire i�ediate payment in ful� of alI sums secu�ed by tliis �curity Instrument. <br />I�owever, this optioII shall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If I.ender exercises this option, Len�er shall give Borrower norice of acceleration. The norice shall provide a <br />period of not less than 30 days from the date the norice is given in accordance with 5ection I S within which <br />Borrower must pay alI sums secured by this Security Instrument. If Bonower fails to pay these sums prior to <br />the expiration of this peri�, Lender may invoke any remedies permitted by this Security Instrument without <br />further notice or demand on Bonower. <br />1'9. Borrower's Right to Reinstate After Acceleration. If Borrower me,ets certain conditions, Borrower <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 terminarion 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 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 attomeys' fees, <br />property inspe.ction 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 Q <br />Wolters Kluwer Financial Services <br />Form 3028 1/01 <br />VMP61NE) (1105) <br />Page 12 of 17 <br />
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