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20130/636
<br />Governing Law; Severability. This Security Instrument shall be governed by federal law and the laws of the state
<br />of Nebraska. In the event that any provision or clause of this Security Instrument or the Note conflicts with
<br />Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be
<br />given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note
<br />are declared to be severable.
<br />Borrower's Copy. Borrower shall be given one copy of this Security Instrument.
<br />Transfer of the Property or a Beneficial interest in Borrower. If all or any part of the Property or any interest
<br />in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a
<br />natural person) unless the Note shows that Borrower's loan is assumable, Lender may, at its option, require
<br />immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be
<br />exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If the Note
<br />shows that Borrower's loan is assumable, Borrower must obtain Lender's written permission for an assumption and
<br />follow any other requirements of Lender related to an assumption. If Borrower does not do so, Lender may require
<br />immediate payment in full of all sums secured by this Security Instrument.
<br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a
<br />period of not less than the minimum number of days established by Applicable Law from the date the notice is
<br />delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower
<br />fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this
<br />Security Instrument without further notice or demand on Bon
<br />Borrower's Right to Reinstate, If Borrower meets certain conditions, Borrower shall have the right to have
<br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other
<br />period as Applicable Law may specify for reinstatement) before sale of the Property pursuant to any power of sale
<br />contained in this Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those
<br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument
<br />and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c)
<br />pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys'
<br />fees to the extent permitted by law; and (d) takes such action as Lender may reasonably require to assure that the
<br />lien of this Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured
<br />by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument
<br />and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this
<br />right to reinstate shall not apply in the case of acceleration under the section titled Transfer of the Property or a
<br />Beneficial Interest in Borrower.
<br />Sale of Note Change of Loan Servicer. The Note or a partial interest in the Note (together with this Security
<br />Instrument) may be sold one or more times without prior notice to Borrower. A sale may result in a change in the
<br />entity (known as the "Loan Servicer") that collects periodic payments due under the Note and this Security
<br />Instrument. There also may be one or more changes of the I,oan Servicer unrelated to a sale of the Note. If there is
<br />a change of the Loan Servicer, Borrower will be given written notice of the change in accordance with the section
<br />titled Notices and Applicable Law. The notice will state the name and address of the new Loan Servicer and the
<br />address to which payments 'should be made. The notice will also contain any other information required by
<br />Applicable Law.
<br />Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any
<br />Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting
<br />the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the
<br />presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized
<br />to be appropriate to normal residential uses and to maintenance of the Property.
<br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by
<br />any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or
<br />Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any
<br />governmental or regulatory authority, that any removal or other reinediation of any Hazardous Substance affecting
<br />the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with
<br />Environmental Law.
<br />As used in this paragraph, "Hazardous Substances" are those substances defined as toxic or hazardous substances
<br />by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum
<br />products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and
<br />radioactive materials. As used in this paragraph, "Environmental Law" means federal laws and laws of the state of
<br />Nebraska that relate to health, safety or environmental protection.
<br />Acceleration; Remedies. Lender shall give notice to Borrower prior, to acceleration following Borrower's
<br />breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under the
<br />section titled Transfer of the Property or a Beneficial Interest in Borrower, unless Applicable Law provides
<br />otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date,
<br />not less than the minimum number of days established by Applicable Law from the date the notice is given
<br />to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the
<br />date specified in the notice may result in acceleration of the sums secured by this Security Instrument and
<br />sale of the Property. To the extent permitted by law, the notice shall further inform Borrower of the right
<br />to reinstate after acceleration and the right to bring a court action to assert the non - existence of a default
<br />2004 -2012 Compliance Systems, Inc. EECO -BIDD - 2011L2.6.544 -
<br />Consumer Real Estate- Security instrument DL2036. _ Page 4 of 5 www.compliancesystems.com
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