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200605441
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Last modified
6/20/2006 8:32:04 AM
Creation date
6/20/2006 8:31:57 AM
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DEEDS
Inst Number
200605441
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<br />200605441 <br /> <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 <br />consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. <br />However, this option 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 <br />Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the <br />expiration ofthis period, Lender may invoke any remedies permitted by this Security Instrument without further <br />notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower <br />shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest <br />of: a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; <br />(b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) <br />entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all <br />sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; <br />(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 <br />fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this <br />Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's interest <br />in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by <br />this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement <br />sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) <br />certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an <br />institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds <br />Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain <br />fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of <br />acceleration under Section 18. <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the <br />Note (together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A <br />sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments due <br />under the Note and this Security Instrument and performs other mortgage loan servicing obligations under the <br />Note, this Security Instrument, and Applicable Law. There also might be one or more changes of the Loan <br />Servicer unrelated to a sale of the Note. Ifthere is a change of the Loan Servicer, Borrower will be given written <br />notice of the change which will state the name and address of the new Loan Servicer, the address to which <br />payments should be made and any other information RESP A requires in connection with a notice of transfer of <br />servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of <br />the Note, the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be <br />transferred to a successor Loan Servicer and are not assumed by the Note purchaser unless otherwise provided <br />by the Note purchaser. <br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an <br />individual litigant or the member of a class) that arises from the other party's actions pursuant to this Security <br />Instrument or that alleges that the other party has breached any provision of, or any duty owed by reason of, this <br />Security Instrument, until such Borrower or Lender has notified the other party (with such notice given in <br />compliance with the requirements of Section 15) of such alleged breach and afforded the other party hereto a <br />reasonable period after the giving of such notice to take corrective action. If Applicable Law provides a time <br />period which must elapse before certain action can be taken, that time period will be deemed to be reasonable for <br />purposes of this paragraph. The notice of acceleration and opportunity to cure given to Borrower pursuant to <br />Section 22 and the notice of acceleration given to Borrower pursuant to Section 18 shall be deemed to satisfy the <br />notice and opportunity to take corrective action provisions of this Section 20. <br />21. Hazardous Substances. As used in this Section 21: (a) "Hazardous Substances" are those substances <br />defined as toxic or hazardous substances, pollutants, or wastes by Environmental Law and the following <br />substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, <br />volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials; (b) "Environmental <br /> <br />NEBRASKA. Single Family -"'auuie Mae/Freddie Mac UNIFORM INSTRUMENT <br />NE Deed <br />231777 NEdeed_confdoc (Rev 00, 07/03) Page 10 of 13 <br /> <br />Form 3028 1101 <br />888 8882198296/0304007081 <br />
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