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201207005
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8/24/2012 8:33:18 AM
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8/24/2012 8:33:17 AM
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DEEDS
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201207005
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20�20�U�v <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 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 Insmiment at any one time. Any notice <br />to Lender shall be given by delivering it or by ma.iling it by first class mail to Lender's address stated herein <br />unle�s Lender has desigaated 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 re,ceived by Lender. If <br />anx notice required by this Security Instrument is also required under Applicable Law, the Applicable Law <br />requirement will sarisfy the conesponding requirement under this Security Instrument. <br />'[6: Governing Law; Severability; Rules ot Construction. This S�urity Instrument shall be governed by <br />f�eral law and the law of the jurisdiction in which the Property is located. All rights and obligations <br />contained in this S�urity Instn�mern are subject to any requirements and Iimitations of Applicable Law. <br />Applicable La.w mi�ht explicitly or implicitly alIow the parties to agree by contract or it might be silent, but <br />such siler►ce shall not bs constraed as a prohibirion against agr�ment by contract. In the event that any <br />provision or clause of tl�is Security Tnstrument or the Note conflicts with Applicahle Law, such conflict shall <br />not affect other provisiat�s of t�is 5ecurity Instrument or the Note which can be given effect without tfie <br />canf�ictiag �rovision. <br />As used ffi this Security Instr���±r: (a) words of the mascuiine gender shall m� and i�lude corresponding <br />neuter words or words of the feminine gender; (b) words in the singuiar shall mean aIId include the pIural <br />�a �� v�; �a ��> rne wv� "may" gives sole discretion without any obligation to ta&e any acrion. <br />7 7. &srravver's Ccspy. Bo�wrer shal� be givea one copy of tfie l�ote a�cfi o€ this Secr�.rity Znstroment. <br />18. Transfer o� tF�e Property or a Benefcial interest in Borrower. As vsed in t.�us Section I8, "Interest in <br />the Prvgeriy" me,ans any tegai or beIIeficial interest in the Property, including, t�ut nat limited to, those <br />bene�ciat ircterests tcaffiferre� i�a a bc�nd for �ed, contract fos dced, instalIment sates contract or escrow <br />agreement, the i�tent of which is the tra�sfer of ritle by �iorrower at a future date to a purchaser. <br />If alI or any part of the Properiy or any Interest in the Property is soid or transferred (or if Borrower is not a <br />natural person and a beneficial iIIterest in Borrower is sold or transferred) withaut Lender's prior written <br />consent, Lender may ree�uire immediate payment in fu1l of alI sums securect by this Security in�r,,,�nt. <br />However, this oprion shall no� be exercised by Lencter if such exercise is prohibited by Applicable Law. <br />If Le,nder exercises this oprian, Lencter shall give Borrower norice of acceleration. The notice shall provide a <br />period of not less than 30 days firom the daze the notice is given in accordance with Section IS within which <br />Borrower must pay all sums secured by ttus Security Instrument. If Borrower fails to pay these sums prior to <br />the expiratioII of this period, Lender may invoke any remedies permitted by this Security Instrument without <br />further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceteration. If Borrower meets certain condirions, 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 this Se,curity <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 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 ttus Security Insmiment, including, but not limited to, reasonable attomeys' fees, <br />properly inspecrion and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Farnily-Fennie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/Ot <br />VMP � VMP6INE) (1105) <br />Wolters Kluwer Financial Services Page 12 of 17 <br />
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