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201204354 <br />designated a subsritute norice address by notice to Lettder. 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 he only one designated notice address under tlus Security Instrument at any one time. Any notice <br />to Lender shall be given by delivering it or by mailing it by fust class mail to Lender's address stated herein <br />unless Lender has designated another address by notice to Borrower. Any norice in connection with this <br />Security Instrument skalI not be deemed to have been given to Lender until actually received by Lender. If <br />any notice required by this 5ecurity Instrument is also required under Applicable Iaw, the Applicable Law <br />requirement will satisfy the corresponding requirement under this Security Instrument. <br />16. Governing Law; Severabitity; Rules of Construction. This Security Instrument shall be governed by <br />federal law aud the law of the jurisciiction in which the Property is located. All rights and obligations <br />conta.ined in this Security Instrument are subject to any requirements and limitatioms of Applicable Law. <br />Applicable Law might explicitly or implicitly aiIow the parties to agree by contract or it might be silent, but <br />such siSence sball not be construed as a prohibitioa against agreement by contract. In the event that any <br />provision or clause of this Security Tnstr��+�+� ar the Note conflicts with AgplicabTe Law, such conflict shall <br />not afFect other provisions of this Secu,rity Instr�anent or the Note which can hs given effect without the <br />contli�ting provision. <br />As used in this S�urity In�rument: (a) wvrds of tl:tce masculine gender st�atI mean and include correspoading <br />neuter words or words of the femisine genc�er, @} words in the singular s1�all mean and i�Iude the plural <br />and vic� versa; and (c) tfie word "may" gives sole discretion without aIIy obligation to take any action. <br />17. Barrov+rer's �apy_ BoFrower sF�atl be givea ome cogy crf the Note �nnd of t.fiis Security Tnstrument. <br />7 S. 'Cra�tsfer o� the Rrapee�ty ar a Bec�eficial [c�te�t � B�rrower. As usecfi ia this Section 18, "Irnerest in <br />the Properiy" means any Iega� ar beaeficiat ffiterest ia tfie Properiy, including, but not Iimited to, those <br />beneficiai interests ttansfert�; in a bond for �, conttact for deed, i�taIlmeat sales contract ar escrow <br />agreeinent, the inte� of which is the transfer of title by Borro�ver at a futuLe clate to a purchaser. <br />If all or any part of the Property or any Interest in the Property is soid 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 />consenl, Lender may require immediate payment ig full of a1I sums secured by this Security Instniment. <br />Hawever, this optiaa shall not be exercised by I�ndes if such exercise is prolubited by Applicable La.�+. <br />If Lender exercises this option, I.ender shall give Borrower notice of acceIeratio�. 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 within which <br />Borrower must pay aIl sums secured by this Security Instrument. If Borrower fails to pay these sums prior to <br />the expirarion of this period, Lender may invoke any remedies permitted by tlus Security Instrument without <br />further notice or demand on Borrower. <br />19. Borrowrer's Right to Reinstate After Acceleration. If Borrower meets certain condirions, Borrower <br />sha11 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 geriod 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 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 occutted; (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 />NEBRASKA-Single Famlly-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP p <br />Wolters Kluwer Financ�ai Services <br />Form 3028 1/O7 <br />VMP6INE) (1105) <br />Page 12 of 17 <br />