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201205253
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Last modified
9/10/2012 2:37:53 PM
Creation date
6/29/2012 9:09:40 AM
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201205253
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241205253 <br />If Lender exercises this option, Lender shall give Bonower notice of acceleration. The notice sha11 provide a <br />period of not less than 30 da.ys from the date the notice is given in accordance with Section I S within wluch <br />Bonower must pay a11 sums secuted by this Security Instrumen� If Bonower fails, to pay these sums prior to <br />the expiration of this period, Lender ma.y invoke any remedies permitted by this Security Instrument without <br />fiu�ther notice or c3emand on Bonower. <br />19. Borrower's Right to Reinstate After Acceleration. If Bonower meets 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 tlus Security <br />Instrument; (b) such other period as Applicable Law might specify for the tennination of Borrower' s right to <br />reinstate; or (c) entry of a judgment enforcing tlus 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 Iimited to, reasonable attomeys' fees, <br />properiy inspection and valuation fees, and other fees incurred for the purpose of protecting Lender' s interest <br />in the Properiy and rights under this Security Instrument; and (d) takes such action as Lender may <br />reasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, <br />and Bonower's obligation to pay the swns secured by this Security Instrument, sha11 continue unchanged. <br />Lender may require that Bonower pay such reinstatement sums and expenses in one or more of the following <br />fom►s, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasiuer' s check or <br />cashier' s check, provided any such check is drawn upon an institution whose deposits aze insured by a <br />federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, <br />this Security Instnunent and obligations secured hereby sha11 remain fully effective as if no acceleration had <br />occurred. However, this right to reinsta#e shall not apply in the case of acceleration under Section 18. <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the <br />Note (together with this Security Instrument) can 6e sold one or more times without prior notice to <br />Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic <br />Payments due under the Note and this Security Instrument and performs other mortgage loan servicing <br />obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more <br />changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, <br />Bonower will be given written notice of the change which will staxe the name and address of the new Loan <br />Servicer, the address to which payments should be made and any other information RESPA requires in <br />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 tbe purchaser of the Note, the mortgage loan servicing obligations to Bonower will <br />remain with the Loan Servicer or be transferred to a successor Loan Servicer and aze not assumed by the <br />Note gurchaser unless otherwise provided by the Note purchaser. <br />Neither Bonower nor Lender ma,p commence, join, or be joined to any judicial action (as either an <br />individuallitigant or the member of a class) that azises from the other party' s actions pursuant to this <br />Security Instrument or that alleges that the other pariy has breached any provision of, or any duty owed by <br />reason o� this Security Instrument, until such Borrower or Lender has notified the other party (with such <br />notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the <br />other party hereto a reasonable period after the giving of such notice to take conective action.. If Applicable <br />Law provides a time period which must elapse before certain action can be taken, that time period will be <br />de.�med to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure <br />given to Bonower pursuant to Section 22 and the notice of acceleration given to Bonower pursuant to <br />Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this <br />Section 20. <br />2200277846 <br />NEBRASKA-Sfngle Femlly-Fennte Mae/Fredtlte Mac UNtFORM INSTRUMENT WITH MERS <br />VMP � <br />Wolters Kluwer Finsndal Services <br />D VBANE <br />Form 3038 1/01 <br />VMPBAINE) 11106) <br />Pege 13 of 17 <br />
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