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201207194
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8/29/2012 9:08:44 AM
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201207194
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2p�20�1 <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 Borrower shall only report a change of address through that specified procedure. <br />There ma.y 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 received by Lender. If <br />any norice required by this Security Instrument is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the conesponding requirement under this Security Instrument. <br />'t 6. Goveming law; Severa6ifity; Reifes of Construction. This Se,curity Instrument shall be governed by <br />federai Iaw and the law of the jurisdiction in which the Property is located. All rights and obligations <br />�crontained in this Security Instrumeirt are subject to any requiremenis artd limitarions of Applicable Law. <br />Applicable Law might explicidy or implicitly allow the parties to agree by contract or it might be silent, but <br />such silern� s1�all not be cor�strued as a prohibirion against agreement by contract. In the event that any <br />pmvision or clause of this Security Instrument or the Note con,flicts �vith Applicable Law, such conflict shall <br />uot affect oth,es gro�risions of this �ecurity jnstruruent or the NQte whi,ch can be given effect without the <br />conflictiag gmvision. <br />As used: in t�tis Security Instrument: (a) words of the masculine gender shall mean and include correspc�nding <br />neuter �vorcis o� words of the feminiue gender; (Iz) words in the siicgutar shall mean and include the pIural <br />and vice versa; aad (c) the word "may" gives sole discretion vv�xhout any obligation to take any action. <br />'!7. Barr�daer's �oPY- Borrower shall be given on� copy of the Note a� of ttvs Security Instrcnnent. <br />'� 8. Transfer of fiFte Property or a Bene�ia! Cnterest in Barrovaer. As used in this Seetion I8, "Iaterest in <br />the Frapert�r" � any legal or beneficiat interest in the Progerty, includiug, but not limited to, those <br />beneficias inter�ts transferrecP in a boIId for deed, contract for �Y, in.stallment sales contract or escrow <br />agreement, ttte intent of vuhich is the traasfer of titIe by Borrower at a future date to a purchaser. <br />If all or any part of the Property or an�r Interest in the Frogerty is sold or transferred (or if Borrower is not a <br />natural person and a beneficial intere.st in Borrower is sold or transfened) without Lender's prior written <br />consent, I,.enc�er may require immediate gaynient in fuil of ali su� secured by this Security Instr�ment. <br />Hawever, tltis option shall not be exercised hy F..ender if such e�ercise is prolubited by Applicat�le L,aw. <br />If T..ender exercises this option, L,ender shall give Borrower norice of aceelerarion. The notice shall provide a <br />period of not less than 30 days from the date the notice is given in accordance with Section I S wirtkin wluch <br />Borrower must pay all sums s�ured by this Security Instrument. If Borrower fails to pay these sums prior to <br />the expirarion of this period, Lender may invoke any remedies permitted by this Security Instrument without <br />further notice or demand on Borrower. <br />'i9. Borrowe+r's Right to Reinstate After Acceleration. If Bonower meets certain conditions, Borrower <br />sha1l 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 Security <br />Instrument; (b) such other period as Applicable Law might specify for the termination of Bonower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Bonower: <br />(a) pays Lender all sums which then would be due under this S�urity Instniment and the Note as if no <br />acceleration had occuned; (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 MaelFreddie Mac UNIFORM INSTRUMENT Farm 3028 1lOt <br />VMP � VMP8INE) (1105) <br />Wolters Kluwer Financial Services Page 12 of 17 <br />
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