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200609120 reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment. 14. Notices. All notices given by Borrower or Lender in connection with this Sccurity Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been givcn to Borrower whcn mailed by first class mail or when actually delivered to Borrower's notice address if scnt by other means. Notice to any onc Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifics a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at anyone time. Any notice to Lender shalI be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with tIns Security Instrument shall not be deemed to have been given to Lender until actually rcccived by Lender. If any notice requircd by this Security Instrument is also requircd under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 15. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All righL~ and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Notc conf1icts with Applicable Law, such conOict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conOicting provision. As used in this Security Instrument: (a) words of the masculine gendcr shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 16. Borrower's Copy. Borrower shall be given one copy of the Notc and of this Security Instrument. 17. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 17, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is thc transfer of title by Borrower at a futurc date to a purchaser. 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 person and a benclicial interest in Bon'ower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 14 within which Borrower must pay all sums secured by this Security Instmment. If Borrowcr fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies pennitted by this Security Instrument without further notice or demand on Borrower. 18. Borrower's Right to Reinstate After Acceleration. If Borrower mccts certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable Law might specify for the tennination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. "TIlOse conditions are that Borrowcr: (a) pays Lender all sums which then would be due under this Security Instmment and the Note as if no acceleration had occurred; (b) cures any default of any other covcnants or agreements; (c) pays all expenses incurred in enforcing this Sccurity Instrument, as allowed under Applicable Law; and (d) takes such action as Lender may rcasonably require to assure that Lender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay tIle sums sccured by tlns Security Instnnnent, shall continuc unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's chcck or cashier's check, providcd any such check is drawn upon an institution whosc deposits arc insured by a fedcral agency, instmmentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 17. 19. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note and this Security Instrument NEBRASKA DEED OF TRUST~SiIlgle Falllily~Secondary Lien THE COMPLIANCE SOURCE, INC. <0 ITEM 8627L8 (0304}--MEAS MFNE3118 (Page R of II paKes) 4001031804 GREATLANO. Yo Order Call: '-800.530.9393 0 Fax 616.79'-"31