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201206855 If die Loa� is subjecf to a law which sets maximmn loan charges, and that law is finally interprcted so that Che inierest or other loan charges collected or to be collected i� conneetion wi[h the Loan exceed the permitted limits, [hen: (a) any such Loan charge shall be reduced by the amount necessary to reduce the charge fo the permitted ]imiY; and (b)any sums already eollected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may cl�oose to make this refund by redueing the principal owed under the Note or Uy making a direct payment fA Bmrower. If a refund reduces principal, thc reduction will be h'eated as a partial prepayment withouf any prepayment charge (wheYher a� not a prepayment charge is provided for under the Note). 13orrower's aceeptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Bm�rower might have arising out of such overel�arge. 7 5. Notiees. All notices given by Barrower or Lender in wnnection wiYh this Securiry InstrumenY must be in writing. Any notice fo Borrower io comieclion with this Security Instrume�t shall be deemed to have been given to Borrower wlieit mailed by first elass mail or when actually delivered to Borrower's notice address if srnt by oClier means. Notice fo any one 13orrower shall constitute notice to all Sm�rowers unless Applicahle Law expressly requires otherwise. The notice address shall be the Property Address unless 13orrower has designa�ecl a su6stitute uotice address by notice ro Lender. Borrower shall prmnptly�otify Lender of'Bm�ro�ver's changc of address. If Lender spccifies a procedure for reporting Borrower's change of addrese, the�i Borrower shall only report a cha�ge of address ttu'ough fhat specified proeedm'e. 'I'here may be only one designated notice address under this Security Instrumeot at any one time. Any nofice to Lender shall be given by delivering it or by maili�g it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any �otice in connecYiou with this Security 7nstrume�t shall not be deemed Lo have bec� give�� to Lender until actually reeeived by Lender. If any notice required by this Security InsYrument is also required under Applicable Law, the Applieable Law requirement wit( satisfy thc correspondiog requiremc��t under this Security Insri�ument. 7 6. Governing Law; Severebility; Rules of Construction. This Seeurity InstrumenE sl�all be governed by federal ]aw and the law of the jurisdiction in which the Property is located. All righEs and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Ap�licable Law migh[ explicitly m�implicilly allow the parties to agree 6y contract or it might be silent, 6ut such silence sl�all not be construed as a prohibition againet agreement 6y contract. Tn the event[hat any provision or elause of this Security Instrument or the Note conflicts with Applicable i.aw, such conflict shall not affcct other provisions of this Seeurity Lnstrument 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 a�d include corresponding ncuter words or words of the feminine gender; (b)words in Lhe singular shall mean and include the plural and viee versa; and (c)the wm�d "may" givcs eole diseretion without any obligafion to lake any action. 17. Borrower's Copy. Borrower sliall be given one copy of the Note and of Yhis Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Sectiun 18, "Intcrest in the Property" means any legal or beneficial interest in tlie Property, including, but not limited to, those benefieial iuterests transferred in a bond for deed, coutract for deed, instalhnent sales contract or escrow agreement, the intcnt of which is the fransfer of titte by Borrower at a fiature date to a purchnser. If all or any part of the Proputy or any Interest in Lhe Property is sold or transferrcd(or if Borrower is not n naturaf person and a beneficial interest in Rorrower is sold or transPerred) without Lender's prior written consent, Lender may require immediate payroenl in full of alI smns secured by this Security Listrumeut. IIowever, this option shall not be exercised by Lender if such exercise is prohibited by App]icabLe Law. seu�e�sa�e aeo�z�sa�o NEBRASKA-Slnqle Family-Fann ie�.1 aelFreJdie M ac UN IFORM INSTRUM ENT W ITH M ERS Porm 302 H 1l01 VM11 P(u� VM PoA(NB(1105) W oltere KWw sr Finenclal Sarvices Page 12 oi 1]