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200607614
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Last modified
8/25/2006 1:38:29 PM
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8/25/2006 1:38:28 PM
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DEEDS
Inst Number
200607614
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<br />200607614 <br /> <br />Instrument or the Note conflicts with Applicable Law. such conllict shall not atfect other provisions of this Securily <br />Instrument Or the Note which can be given effect without the conflicting provision. <br />As used in this Security Instrumem: (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 beneficiallmerest 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 paymem in full of all sums secured by this Security Instrumem. However, this option <br />shall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises thls 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 wlth Section 15 within which Borrower <br />must pay all sums secured by thls Securlty Iostrument. If Borrower falls to pay these sums prior to the expiration of <br />this period. Lender may invoke any remedies permilted 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 condlllons. Borrowel' shall <br />have the rlght to have enforcement of thls Security Instrument disconllnued at any tlme prior to the earllest 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 rlght 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 accelerallon had occurred; (b) cures any default <br />of any other covenants or agreemems: (c) pays all expenses incurred in enforcing this Security Instrument, including. <br />hut not limited to, reasonable attorneys' fees, property inspection and valuallon 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 secured by 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: (c) certified check. bank check. treasurer's check or cashier's check, <br />provided any such check is drawn upon an institution whose deposits are insured by a federal agency. Instrumentality <br />or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower. this Security Instrument and obllgations <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 />20. Sale of Note: Change of Loan ServiceI'; Notice of Grievance. The Note or a parllal interest In the Note <br />(together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might <br />result in a change In the entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note <br />and this Security Instrument and performs other mortgage loan servicing obligations under the Note, this Security <br />Instrumem, and Appllcable Law. There also might be one or more changes of the Loan Servicer unrelated to a sale <br />of the Note. If there is a change of the Loan ServiceI', Borrower wlll be given written notice of the change which will <br />state the name and address of the new Loan Servicer, the address to which payments should be made and any other <br />information RESP A requires In connection with a notice of transfer of servicing. If the Note is sold and thereafter <br />the Loan is serviced by a Loan Servicer other than the purchaser of the Note. the mortgage loan servicing obligations <br />to Borrower will remain with the Loan Setvicer Or be transferred to a successor Loan Servicer and are not assumed <br />by the Note purchaser unless otherwise provided by the Note 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 litis Security Instrument or that <br />alleges that the other party has breached any provision or, or any duty owed by reason of. this Security Instrument, <br />until such Borrower Or Lender has notlf1ed the other party (with such notice given in compliance with lite requirements <br />of Section 15) of such alleged breach and afforded the other party hereto a reasonable perlod after the giving of such <br />notice to take corrective acllon. If Appllcable Law provides a lime period which must elapse before certain acllon <br />can be taken, that time perlod will be deemed to be reasooahle for purposes of litis paragraph. The notice of <br />acceleration and opportunity to cure given to Borrower pursuant to Section 22 and the notice of acceleration given <br />to Borrower pursuant to Sectloo 18 shall be deemed to satisfy the notice and opportunity to take corrective action <br />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 substances: <br />gasollne, kerosene, other l1ammable Or toxic petroleum products, toxic pesticides and herbicides, volatile solvents. <br />materials containing asbestos or formaldehyde, and radioactive materials: (b) "Environmental Law" means federal <br />laws and laws of lite jurisdiction where the Property is located that relate to health. safety or environmental protection: <br />(c) "Environmental Cleanup" includes any response action. remedial action, or removal action. as defined in <br />Environmental Law; and (d) an "Environmental Condition" means a conditlnn that can cause, contribute to. or <br />otherwise trigger an Environmental Cleanup. <br />Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Halardous Substances, <br />or threaten to release any Hazardous SubslallOl.>. on 0{ ladle P~. Bomlwer.lhB1lllOt.. nor allow anyone else <br /> <br />Borrower Inlllals: <br /> <br />NEBRASKA-.Single Fa <br />Form 3MB 1/01 <br /> <br /> <br />Mac UNIFORM INSTRUMENT - MERS <br />PageBof10 <br /> <br />DocMagJc eHrj)"'M)'i!~ f100-649-1362 <br />www.docmagic.com <br />
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