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201207261
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8/31/2012 9:13:51 AM
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201207261
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2o��o�zs� <br />designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of <br />Bonower's change of address. If Lender specifies a procedure for reporting Bonower'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 norice address under this Security Inst7ument 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 d�med to have been given to Lender until actually received by Lender. If <br />any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law <br />requirement wilI satisfy the corresponding requirement under this Security Instrument. <br />16. Governing law; Severability; Rules of Construction. This Se,curity Instrument shall be govemed by <br />federal law and the law of the jurisdiction in which the Property is located. All rights and obligations <br />contained in this Securit3+ Instrument aze subject to any requirements and limitations of Applicable Law. <br />Applicable I.aw might explicitly or implicitly allow the parties to agree by contract or it might be silent, but <br />such silence shall not be construed as a proht`birion against agreement by contract. In the event tl�at any <br />provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conIIict shall <br />not affect other pmvisions of this Security I�trument or the Note wIuch can be givea effe,ct vv�ithout the <br />contlicting grQwi�sion. <br />As used ia this Security Instrument: (a) words of the masculine genc�er shati meart and include corresponding <br />neuter vworcls or w+orcls of the feminine gender; (b) words in the singutar shali meau aud include the plural <br />and vice versa; a$d (c) the word "may" give.s so�e discretion withont a�y obligaiion to take ang action. <br />'t 7. Borr��►er's �py. Boraowes sha1T be givea ane copy of the Note au� of this 5ectnity [nctr�rr►_�±*. <br />18. Transfer of the Pra�rty or a Qeneficiat Enterest in Borrowrer. �s used in this Sectio� I8, "interest in <br />the PropesC�r" n�s a�y Iega� or beneficia�. iaterest in the ProPerty uccluding, i�ut not limit� to, those <br />bene�cia� � tca�sferred ia a i�nd �os ctee�, contract for deed, ir, t�ime�±t saIes conixact or escsov�+ <br />agreemegt, the intem of which is the transfer of title by Borrower at a future date to a purchaser. <br />If all or aay part of the Property or any Interest in the Property is sol� or transferred (or if Borrower is not a <br />natural person and a b�neficial interest in Borrawer is sold or transferred) without Lender's prior written <br />consent, I.ender may require �ediate payment in full of aIl sums se,cured by ttus Security Insavment. <br />However, this op�ian shall aot be exercised by F.ender if such exercise is prohibited by Applicable E.a.w. <br />If I.euder exercises this ogtion, Lender sha11 give Borrower notice of acceleration. The norice shall provide a <br />period of noc less than 30 days from the date the notice is given in accordance with Section IS within which <br />Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these suans prior to <br />the expiration of this perial, Lender may invoke any remedies permitted by this Security Instrument without <br />further notice or demand on Bonower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower <br />shall have the right to have enforcement of this Security Instrument discontinued at any rime prior to the <br />earliest of: (a) five days before sale of the Progerty 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 Securiry Instrument. Those conditions aze that Borrower: <br />(a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no <br />accelerarion had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses <br />incuned in enforcing tlus Security Instrument, including, but not limited to, reasonable attorneys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpose of prote,cting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financfal Services <br />Form 3028 1/01 <br />VMP6�NE) (11051 <br />Page 12 of 17 <br />
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