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201206639
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8/10/2012 3:58:21 PM
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8/10/2012 3:58:21 PM
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201206639
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201206633 <br />designated a substitute norice 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 Bonower 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 Lender has designated another address by notice to Borrower. Any notice in connection with this <br />Security Instrument shall not be deemed to have been given to Lender until actually rec:eived by Lender. If <br />any norice requirefl 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. Goveming Law; Severability; Rules of Construction. This Security Instrument sha11 be govemed by <br />feder�l law and the law of the jurisdicrion in which the Property is located. All rights and obligations <br />contain� in this Se�curity Instrument are subject to any requirements and limitarions of Applicable Law. <br />Applicable Law might explicitly or implicitly allow the pacries to agre.e by contract or it might be silent, but <br />such silence shatl not be construed as a prohibition against a.greement by contract. In the event that any <br />provisioa or clause of this Security Instrument or the Note conIIicts with Applicable Law, such conflict shall <br />not affect other provisions of this Security Instrument or the Note which can be given eff�t without the <br />coIIflicting provisioa. <br />As use� in this Security I�t: (a) words of the mascutine gender shall ntean and include corresponding <br />neuter words or words of the fentisine gender; (b) words in the singvlar shalt mean anct include the plural <br />agc� �ice wersa; a� (c} tt�e worci "may" gives soIe discretion without ag.y obligation to take any action. <br />17. BorGe�er'� �apy. �crrrowes � be give� one cogy of the Note anc� of tlzis Security Instntment. <br />T 8. Tra�sfer of �e �perty a:r a B�rtefraxxai �e�ter�t i�e Bassrrovver. AAs used in this �on 18, "I�ctere� ia <br />��Y" �� �Y � c� besreficia� inter�E i� the Property, including, but Bot Iim�ted to, those <br />beneficiai interests transferred iB a bond for deed, eontract for deed in. �11mQnt Seles CoIItiaCt oi esc.7ovV <br />agreernent, the intent of wl�ich is th� transfer of ride by Bonower at a future date to a purchaser. <br />If ail or any gart of the Properiy or any Interest in the Froperty is soId or transferred (or if Borrower is not a <br />natural person and a beneficiat inter�t in Borrawer is sold or transferred) without Lender's prior written <br />co�t, Lendes may require immediate payment ia full af atl sums s�ured by this Security Instrument. <br />Hawever, this aption shall aa� be exercis� by F.�aa�er if such exercise is grolu'6ited by Agplicabie Law. <br />If �,ender exercises this optioa, I�nder shall give Bormwer notice of acceleration. The notice shall grovide a <br />period of not less than 3U days from the date the notice is given in accordance with Section 15 within which <br />Barrower mus[ pay all s�uns secured by this Security Instrument. If Borrower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without <br />further notice or demand on Bortower. <br />19. Borrower's Right to Reinstate After Accelerafion. If Bonower m�ts certain conditions, Bonower <br />shall have the right to have enforcement of tius Se.curity 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 termination of Borrower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions aze that Borrower: <br />(a) pays Lender all sums which then would be due under this Security Insmiment 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 inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mec UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP � VMPBINE) (1105) <br />Woltera Kluwer Financial Services Page 12 of 17 <br />
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