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200004140 <br />12. Governing Law; Severability. This Security Instrument shall be governed by the <br />law of the State of Nebraska. 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 <br />provisions of this Security Instrument or the Note which can be given effect without the <br />conflicting provision. To this end the provisions of this Security Instrument and the Note are <br />declared to be severable. <br />13. Borrower's Copy. Borrower shall be given one conformed copy of the Note and <br />of this Security Instrument. <br />14. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of <br />the Property or any interest in it is sold, transferred or leased without Lender's prior written <br />consent, Lender may, at its option, require immediate payment in full of all sums secured by <br />this Security Instrument. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The <br />notice shall provide a period of not less than thirty (30) days from the date the notice is <br />delivered or mailed within which Borrower must pay all sums secured by this Security <br />Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender <br />may invoke any remedies permitted by this Security Instrument without further notice or <br />demand on Borrower. <br />15. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower <br />shall have the right to have enforcement of this Security Instrument discontinued at any time <br />prior to the earlier of: (a) five (5) days (or such other period as applicable law may specify for <br />reinstatement) before sale of the Property pursuant to any power of sale contained in this <br />Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those <br />conditions are that Borrower: (a) pay Lender all sums which then would be due under this <br />Security Instrument and the Note had no acceleration occurred; (b) cure any default of any <br />other covenants or agreements; (c) pay all expenses incurred in enforcing this Security <br />Instrument, including, but not limited to, reasonable attorneys' fees; and (d) take such action <br />as Lender may reasonably require to assure that the lien of this Security Instrument, Lender's <br />rights in the Property and Borrower's obligation to pay the sums secured by this Security <br />Instrument, shall continue unchanged. Upon reinstatement by Borrower, this Security <br />Instrument and the obligations secured hereby shall remain fully effective as if no acceleration <br />had occurred. <br />16. Acceleration; Remedies. Lender shall give notice to Borrower prior to acceleration <br />following Borrower's breach of any covenant or agreement in this Security Instrument (but not <br />prior to acceleration under paragraph 15 unless applicable law provides other). The notice shall <br />specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than <br />thirty (30) days from the date the notice is given to Borrower, by which the default must be <br />cured; and (d) that failure to cure the default on or before the date specified in the notice may <br />result in acceleration of the sums secured by this Security Instrument and sale of the Property. <br />The notice shall further inform Borrower of the right to reinstate after acceleration and the right <br />to bring a court action to assert the non - existence of a default or any other defense of Borrower <br />to acceleration and sale. If the default is not cured on or before the date specified in the <br />notice, Lender at their option may require immediate payment in full of all sums secured by this <br />Security Instrument without further demand and may invoke the power of sale and any other <br />remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred <br />in pursuing the remedies provided in this paragraph including, but not limited to, reasonable <br />attorneys' fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a Notice of Default in each county <br />in which any part of the Property is located and shall mail copies of such Notice in the manner <br />prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. <br />After the time required by applicable law, Trustee shall give public notice of sale to the persons <br />and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall <br />sell the Property at public auction to the highest bidder at the time and place and under the <br />terms designated in the Notice of Sale in one or more parcels and in any order Trustee <br />determines. Trustee may postpone sale of all or any parcel of the Property by public <br />announcement at the time and place of any previously scheduled sale. Lender or Lender's <br />designees may purchase the Property at any sale. <br />3 <br />