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2U120640� designa.ted a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's chan�e of address, then Borrower shall only repart a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Iaw requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Lew; Severebility; Rules of Construction. This Security Instrument shall be �overned by federal law and the law of the jurisdiction in which the Properly is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable La.w. Applicable Law might explicifly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be cflnstrued as a pmhibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the siugular shall mean and include the plural and vice versa; and (c) the word ^may" gives sole discretion withont any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Securily Instrument. 7 8. Tr�nsfer of the Property or a Beneficiel Interest in Borrower. As used in this Section 18, "Interest in the Properly" means any legal or beneficial interest in the Progeriy, including, but not limited to, those beneficial interests transfened in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of �i�le by Borrower at a future date to a purchaser. If all or auy part of the Properry or azry Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Boaower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in fiill of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable I.aw. If Lender exercises this option, Lender shall give Bortower notice of acceleration. Tfie notice shall provide a period of not less than 30 days from tlie date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Securiry Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without fiurther notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time priar to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, properiy inspection and valuation fees, aud other fees incurred for the purpose of protecting Lender's interest NEBRASKA-Singla Famlly-Fann3a Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMPBINE) 11106).00 Wolters Kluwer Fl�ncfal Sarvicas Paga 12 of 17