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201600511
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5/17/2016 12:56:36 PM
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1/26/2016 3:20:20 PM
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DEEDS
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201600511
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4016005/ 1 <br /> prepayment charge(whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of <br /> any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might <br /> have arising out of such overcharge. <br /> 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in <br /> writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to <br /> Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other <br /> means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires <br /> otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice <br /> address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender <br /> specifies a procedure for reporting Borrower's change of address,then Borrower shall only report a change of address <br /> through that specified procedure. There may be only one designated notice address under this Security Instrument <br /> at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's <br /> address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection <br /> with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. <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 Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security <br /> Instrument or the Note 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 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 <br /> the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial <br /> interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement,the intent <br /> of which 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) <br /> five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such <br /> other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or(c)entry of a <br /> judgment enforcing this Security Instrument. Those conditions are that Borrower: (a)pays Lender all sums which <br /> then would be due under this Security Instrument and the Note as if no acceleration had occurred;(b)cures any default <br /> of any other covenants or agreements;(c)pays all expenses incurred in enforcing this Security Instrument, including, <br /> but not limited to, reasonable attorneys' fees,property inspection and valuation fees, and other fees incurred for the <br /> purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and(d)takes such <br /> action as Lender may reasonably require to assure that Lender's interest in the Property and rights under this Security <br /> NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DocMaglcet:07 <br /> Form 3028 1/01 Page 10 of 14 www.docmagic.com <br />
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