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201505830
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Last modified
11/5/2015 9:11:28 PM
Creation date
8/26/2015 4:11:06 PM
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DEEDS
Inst Number
201505830
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20150583/ <br />If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the corresponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by <br />federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in <br />this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might <br />explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be <br />construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security <br />Instrument or the Agreement conflicts with Applicable Law, such conflict shall not affect other provisions of this <br />Security Instrument or the Agreement 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 <br />versa; 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 Agreement and of this Security Instrument. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section, "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 <br />is the 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 <br />natural person and a beneficial interest in Borrower is sold or transferred) without Lender' s prior written consent, <br />Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option <br />shall not be 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 <br />period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower <br />must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of <br />this period. Lender may invoke any remedies permitted by this Security Instrument without further notice or demand <br />on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall <br />have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five <br />days before sale of the Property pursuant to any power of sale contained in this Security instrument; (b) such other <br />period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment <br />enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender or causes Lender to be paid <br />all sums which then would be due under this Security Instrument and the Agreement as if no acceleration had <br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this <br />Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, <br />and other fees incurred for the purpose of protecting Lender' s interest in the Property and rights under this Security <br />Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the Property <br />and rights under this Security Instrument, and Borrower's obligation to pay the Secured Debt secured by this Security <br />Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses <br />in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank <br />check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are <br />insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by <br />Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration <br />had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. <br />20. Change of Servicer; Notice of Grievance. The Agreement or a partial interest in the Agreement (together <br />with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result <br />in a change in the entity (known as the "Servicer ") that collects the amounts due under the Agreement and this Security <br />Instrument and performs other mortgage loan servicing obligations under the Agreement, this Security Instrument, <br />and Applicable Law. There also might be one or more changes of the Servicer unrelated to a sale of the Agreement. <br />If the Agreement is sold and thereafter the Agreement is serviced by a Servicer other than the purchaser of the <br />DEBORAH D SCHWEITZ/995151831527470 <br />NEBRASKA HOME EQUITY LINE OF CREDIT DEED OF TRUST <br />© 2008 DOCMAGIC, INC. <br />NEHESI.BOA 06/04/13 Page 9 of 13 <br />agic. <br />
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