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201208306
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10/10/2012 10:20:14 AM
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10/9/2012 8:30:27 AM
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201208306
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�0�20�30u <br />If Lender exercises this opflon, Lender shall give Borrower notice of acceleraHon. The noflce shall provide a <br />period of not less than 30 days from the date the noHce is given in accordance wlth Section 15 within which <br />Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums pdor to <br />the expiraflon of this pedod, Lender may invoke any remedies permitted by this Security Instrument without <br />further noflce or demand on Borrower. <br />19. Borrower's Right to Relnstate After Acceleratlon, ff Borrower meets certain condiflons, 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 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 enforciug this Security Instrument. Those condiHons are that Borrower: <br />(a) pays Lender all sums which Wen would be due nnder 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 this Security Instrument, including, but not limited to, reasonable attorneys' fees, <br />pmperty inspection and valuaHon fees, and other fees incurred for the purpose of protecting Lender's interest <br />in the Property and rights under this Security Instrument; and (d) takes such acflon as Lender may <br />reasonably require to assure that Lender's interest in We Property and rights under this Security Instrument, <br />and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. <br />Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following <br />forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or <br />cashier's check, provided any such check is drawn upon an insfltution whose deposits aze insured by a <br />federal agency, instr�mentality or enflty; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, <br />t6is Security Instrument and obligallons secured hereby shall remain fully effective as if no acceleraflon had <br />occurred. However, this right to reinstate shall not apply in the case of acceleraflon under Section 18. <br />20. Sele of Note; Ch�nge of Loan Servlcer, Notice of Grievence. The Note or a partial interest in the <br />Note (toget}�er with this Security Instrument) can be sold one or more dmes without pdor notice to <br />Borrower. A sale might result in a change in the enHty (known as the "Loan Servicer") that collects Periodic <br />Payments due under the Note and this Securlty Instrument and performs other mortgage loan servicing <br />obligations under the Note, this Security Instcvment, and Applicable Law. There aLso might be one or more <br />changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, <br />Borrower wIll be given written noflce of the change which will state the name and address of the new Loan <br />Servicer, the address to which payments should be made and any ott►er information RESPA requires in <br />connection with a noflce of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a <br />Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligaflons to Borrower will <br />remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the <br />Note purchaser unless oWeruvise provided by the Note purchaser. <br />Neither Borrower nor Lender may commence, Join, or be joined to any judicial action (as either an <br />individual littgant or the member of a class) that arises &om the other party's actions pursuant to this <br />Securlty Instrument or that alleges that the other party has breached any provision of, or any duty owed by <br />reason of, this Security Instrument, until such Borrower or Lender has notified the other party (wiW such <br />notice given in compliance with the requirements of Section 15) of such alleged breach and afforded the <br />other party hereto a reasonable perlod after the giviug of such notice to take correcttve action. If Applicable <br />Law provides a time period which must elapse before certain action can be taken, that time pedod wlll be <br />deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure <br />given to Borrower pursuant to Section 22 and the notice of acceleration given to Borrower pursuant to <br />Section 18 shall be deemed to satisfy the noflce and opportunity to take corrective action provlsions of this <br />Secflon 20. <br />001122994783 Citibank 3.2.59.07 43 <br />NEBRASKA-Single FemliyFermfe Mae/Freddle Mac UNIFORM INSTRUMENT WITH MERS Fortn 3028 1/01 <br />VMP � VMPBAM� (11051.00 <br />Wolters Kluwer Flnenclal SerWces f�age 13 of 17 <br />
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