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201209353
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11/6/2012 8:02:47 AM
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11/6/2012 8:02:46 AM
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DEEDS
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201209353
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�a��o9 <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 Borrower's change of address, <br />then Borrower shall only report a change of address through that specified procedure. <br />There may 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 norice in connecrion 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 tlus Securiry Instrument is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the conesponding requirement under this Se,curity Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Securiry Insmiment 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 Security Instrument aze subject to any requirements and limitations of Applicable I,aw. <br />Applicable Law might explicitly or implicitly allow the parties to agr� by contract or it might be silent, but <br />such silence shall not be construed as a prohibition against agre,ement by contract. In the event that any <br />provision or clause of this S�urity Instrument or the Note conflicts with Applicable Law, such conflict shall <br />not affect other provisions of this Security Instrument or the Note which can be given effect without the <br />conflicting provision. <br />As used in tlus Security Instrument: (a) words of the masculine gender shall mean and include corresponding <br />neuter words or a�ords of the feminine gender; (b) words in the singular shall mean and include the plural <br />and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. <br />17. Borrovaer's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. <br />18. Transfer of the Property or a Beneficial Interest in Borrawer. As used in this Section 18, "Interest in <br />the Property" m�ns any legal or beneficial interest in the Property, including, but not limited to, those <br />beneficial" interests transferred 'm a bond for deed, contract for deed, installment sales contract or escrow <br />agreement, the intent of which is the transfer of title by Bonower at a future date to a purchaser. <br />If atl or any part of the Property or any Interest in the Property is sold or transfened (or if Bonower is not a <br />natural person and a beneficial interest in Bonower is sold or transferred) without Lender's prior written <br />consent, Lender may require immediate payment in full of all sums se,cured by this 5ecurity Instrument. <br />However, this oprion sha11 not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this oprion, Lender shall give Bonower norice of acceleration. The notice shall provide a <br />period of not less than 30 days from the date the notice is given in accordance with Secrion 15 within which <br />Borrower must pay all sums secured by this Security Instrument. If Bonower fails to pay these sums prior to <br />the expirarion of this period, Lender may invoke any remedies pemutted by this Securiry Instrument without <br />further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Bonower <br />sha11 have the right to have enforcement of this Security Insm�ment 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 Security Instrument and the Note as if no <br />accelerarion had accurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses <br />incuned in enforcing this Security Instrument, including, but not limited to, reasonable attomeys' fees, <br />property insp�tion and valuation f�s, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP Q VMPB�NE) (1105) <br />Wolters Kluwer F(nanciaf Services Page 12 of 17 <br />
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