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201205728
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Last modified
9/10/2012 2:44:53 PM
Creation date
7/13/2012 10:27:34 AM
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DEEDS
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201205728
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2012057�� <br />designated a substitute notice address by notice to Lender. Bonower shall promptly notify Lender of <br />Borrower's change of address. If Lender specifies a pracedure 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 �,ender has designated another address by notice to Bonower. Any notice in connection with this <br />S�urity Instrument shall not be deemed to have been given to Lender 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. Governing Law; Severability; Rules of 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 S�urity Insmunent are subject to any requirements and lurutations 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 agresment 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 Instrument or the Note which can be given effect without the <br />conflicting provision. <br />As used in this Security Instnunent: (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 "may" gives sole discretion without any obligation to take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this 5ecurity Instrument. <br />18. Transfer of the Property or a�eneficial Interest 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 wluch 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 transfened (or if Bonower 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 fu11 of all sums secured by this Security Instivment. <br />However, this option shall not be exercised by I.ender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this oprion, Lender shall give Borrower norice 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 within which <br />Borrower must pay atl sums secured by this Security Instrument. If Bonower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies pemutted by this Se.curity Instrument without <br />further norice or demand on Bortower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Bonower <br />shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the <br />eatliest of: (a) five ctays before sale of the Property pursuant to any power of sale contained in this Se,curity <br />Instrument; (b) such other period as Applicable Law might specify for the ternunarion of Bonower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions aze that Bonower: <br />(a) pays Lender a11 sums which then would be due under this Security Instnunent 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 inspecrion and valuarion 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 � <br />Wolters Kluwer Financial Services <br />Form 3028 1/O7 <br />VMPBINE) (1105) <br />Page 12 of 17 <br />
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