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200602392
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Last modified
3/22/2006 12:42:01 PM
Creation date
3/22/2006 12:42:00 PM
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DEEDS
Inst Number
200602392
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<br />" <br /> <br />200602392 <br /> <br />Security 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 constmed as a prohibition <br />against agreement by contract. In the event that any provision or clause of this Security Instrument OJ' the Agreement <br />conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument OJ' the Agreement <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 neuter <br />words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the <br />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 Instmment. <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 all <br />sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender <br />may invoke any remedies pemlitted by this Security Instmment without further notice or demand 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 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 this <br />Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this <br />Security Instrument and the Agreement 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 interest <br />in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to <br />assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the <br />sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such <br />reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; <br />(c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution <br />whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon <br />reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no <br />acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. <br />20. Sale of Agreement and Account; Change of Loan Servicer; Notice of Grievance. The Agreement and the <br />Account or a partial interest in the Agreement and the Account (together with this Security Instmment) can be sold one or <br />more times without prior notice to Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") <br />that collects Periodic Payments due under the Agreement and this Security Instrument and performs other mortgage loan <br />servicing obligations under the Agreement, this Security Instrument, and Applicable Law. There also might be one or more <br />changes of the Loan Servicer unrelated to a sale of the Agreement and the Account. Ifthere is a change of the Loan Servicer, <br />Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the <br />address to which payments should be made and any other infomlation RESPA requires in connection with a notice of transfer <br />of servicing. If the Agreement and the Account are sold and thereafter the Agreement and the AccOlmt are serviced by a <br />Loan Servicer other than the purchaser of the Agreement and the Account, the servicing obligations to Borrower will remain <br />with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the Agreement and the Account <br />purchaser unless otherwise provided by the purchaser. <br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual <br />litigant or the member of a class) that arises from the other party's actions pursuant to this Security Instrument or that alleges <br /> <br />Loan No: 6544500104 <br />Nebraska Home Equity Line of Credit Deed ofTrust-First Uen MERS Modified 111111111]111111111111111111111111111111]111111111111111111111111111] <br />-THE COMPLIANCE SOURCE. INC.- Page 11 of 14 <br />www.compliancesource,(,;om <br /> <br />9S044NE 07/01 <br />iD2002. The Compliance Source. Jne, <br />
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