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201404858 <br /> deemed to have been given to Lender until actually received by Lender.If any notice required by this Security Instrument <br /> is also required under Applicable Law,the Applicable Law requirement will satisfy the corresponding requirement under <br /> this Security Instrument. <br /> 16.Governing Law;Severability;Rules of Construction.This Security Instrument shall be governed by federal <br /> law and the law of the jurisdiction in which the Property is located.All rights and obligations contained in this Security <br /> Instrument are subject to any requirements and limitations of Applicable Law.Applicable Law might explicitly or <br /> implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a <br /> prohibition against agreement by contract.In the event that any provision or clause of this Security Instrument or the <br /> Note conflicts with Applicable Law,such conflict shall not affect other provisions of this Security Instrument or the Note <br /> which can be given effect without the conflicting provision. <br /> As used in this Security Instrument:(a)words of the masculine gender shall mean and include corresponding <br /> neuter words or words of the feminine gender;(b)words in the singular shall mean and include the plural and vice versa; <br /> and(c)the word"may"gives sole discretion without any obligation to take any action. <br /> 17.Borrower'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 Borrower.As used in this Section 18,"Interest in the <br /> Property"means any legal or beneficial interest in the Property,including,but not limited to,those beneficial interests <br /> transferred in a bond for deed,contract for deed,installment sales contract or escrow agreement,the intent of which is the <br /> transfer of title by Borrower at a future date to a purchaser. <br /> If all or any part of the Property or any Interest in the Property is sold or transferred(or if Borrower is not a natural <br /> person and a beneficial interest in Borrower is sold or transferred)without Lender's prior written consent,Lender may <br /> require immediate payment in full of all sums secured by this Security Instrument.However,this option shall not be <br /> exercised by Lender if such exercise is prohibited by Applicable Law. <br /> If Lender exercises this option,Lender shall give Borrower notice of acceleration.The notice shall provide a period <br /> of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay <br /> all sums secured by this Security Instrument.If Borrower fails to pay these sums prior to the expiration of this period, <br /> Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. <br /> 19.Borrower's Right to Reinstate After Acceleration.If Borrower meets certain conditions,Borrower shall have <br /> the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of:(a)five days <br /> before sale of the Property pursuant to any power of sale contained in this Security Instrument;(b)such other period as <br /> Applicable Law might specify for the termination of Borrower's right to reinstate;or(c)entry of a judgment enforcing <br /> this Security Instrument.Those conditions are that Borrower:(a)pays Lender all sums which then would be due under <br /> this Security Instrument and the Note as if no acceleration had occurred;(b)cures any default of any other covenants or <br /> agreements;(c)pays all expenses incurred in enforcing this Security Instrument,including,but not limited to,reasonable <br /> attorneys'fees,property inspection and valuation fees,and other fees incurred for the purpose of protecting Lender's <br /> interest in the Property and rights under this Security Instrument;and(d)takes such action as Lender may reasonably <br /> require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's <br /> obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that <br /> Borrower pay such reinstatement sums and expenses in one or more of the following forms,as selected by Lender: <br /> (a)cash;(b)money order;(c)certified check,bank check,treasurer's check or cashier's check,provided any such check <br /> is drawn upon an institution whose deposits are insured by a federal agency,instrumentality or entity;or(d)Electronic <br /> Funds Transfer.Upon reinstatement by Borrower,this Security Instrument and obligations secured hereby shall remain <br /> fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of <br /> acceleration under Section 18. <br /> 20. Sale of Note; Change of Loan Servicer; Notice of Grievance.The Note or a partial interest in the Note <br /> (together with this Security Instrument)can be sold one or more times without prior notice to Borrower.A sale might <br /> result in a change in the entity(known as the"Loan Servicer")that collects Periodic Payments due under the Note and <br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT with MERS Form 3028 1/01 <br /> Page 10 of 13 <br /> IDS,Inc Borrower(s)Initials / <br />