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200700761 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 Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to anyone Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. TIle 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 specifies a procedure for reporting Borrower's change of addrcss, thcn Borrower shall only report a change of address through that specified procedure. There may be only onc designated noticc address under this Security Instmment at any onc time. Any notice to Lender shall be given by dclivcring it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another addrcss by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemcd to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required 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 Instmment shall be governed by [edcrallaw and the law of the jurisdiction in which thc Property is locatcd. All right.. and obligations contained in this Security Instrument are subject to any requirements and limitations o[ 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 a.. a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As uscd in this Security Instrument: (a) words of the masculine gender shall mean and inelude 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 Note 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 intcrests 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 future 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 beneficial interest in Borrower is sold or transferred) WitllOut 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 [rom tile datc the noticc is givcn in accordance with Section 14 within which Borrower must pay all sums secured by this Security Instrument. If Borrowcr fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies pennitted by tllis Security Instrument without further notice or demand on Borrower. 18. Borrower's Right to Reinstate After Acceleration. If Borrower meets 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 Sccurity Instrumcnt; (b) such other period a<; Applicable Law might specify for the termination of Borrower's right to reinstatc; or (c) entry of a judgment enforcing this Security Instrument. TIlOse conditions arc that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, as allowed under Applicable Law; and (d) takes such action as Lender may reasonably require to a..sure that Lender's interest in the Property and rights undcr this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Inslnnnent, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in onc or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instmmentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effectivc 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 Notc or a partial interest in the Note (together with iliis Security Instnnnent) 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-Single Family-Secondary Lien THE COMPLIANCE SOURCE, INC. <C ITEM 8627L8 (0304)-MERS MFNE3118 (Page 8 oj 11 pages) 400J247094 GREATLAND. To Or or Call: 1.800-530-9393 U Fax: 616-791-1131