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200214572 <br />otherwise. The notice addnesx 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 (rave 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 thejurisi iction in which the Property is located. All rights and obligations contained in <br />this Security Instrument are subject to any requiremcn(s 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 local 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 my 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 Pfoperty 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 InlerosI in the Property is sold or trans furred (or if Burrower 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 suers 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 <br />a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which <br />Borrower must pay all sums secumd by this Security Instrument, If Burrower fails le pay thusc sums prior to the <br />expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further <br />notice or demand on Borrower_ <br />19. Borrower's Right o 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; du such other <br />period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (e) entry of ajudgment <br />enforcing (his Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would <br />be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any <br />other covenants or agreements, (c) pays all expenses incurred in enforcing this Security Instrument, including, but <br />not limited to, reasonable auurncys' less, 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 />Instrument, and Borrower's obligation to pay the sums securedby this Security Instrument, shall continue unchanged. <br />Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, <br />as selected by Lender: (a) cash; (b) money order; (e) certified check, bank check, treasurer's check or cashier's check, <br />provided my such check is drawn upon an institution whose deposits arc insured by a federal agency, instrumentality <br />in entity; in (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations <br />secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall <br />not apply in the case of acceleration under Section 18. <br />NEBRASKA Single Family Fannie Mae /Freddie Mac UNIFORM INSTRUMENT - MISS D MSgkC .,nio eoo s¢saeez <br />Form 3028 1/01 Page 10 of 13 www.docmagiwcom <br />s"'iI, ", <br />