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200706721
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Last modified
8/6/2007 4:12:19 PM
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8/6/2007 4:12:18 PM
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DEEDS
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200706721
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<br />200706721 <br /> <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include <br />corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and <br />include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation <br />to take any action. <br /> <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. <br /> <br />18. Transfer ofthe Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest <br />in the Property" means any legal or beneficial interest in the Property, including, but not limited to, <br />those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or <br />escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a <br />purchaser. <br /> <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is <br />not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior <br />written consent, Lender may require immediate payment in full of all sums secured by this Security <br />Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br /> <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a period of not less than 30 days from the date the notice is given in accordance with Section <br />15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to <br />pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrument without further notice or demand on Borrower. <br /> <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 <br />the earliest of: (a) five days before sale ofthe Property pursuant to any power of sale contained in this <br />Security Instrument; (b) such other period as Applicable Law might specify for the termination of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those <br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security <br />Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other <br />covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, <br />including, but not limited to, reasonable attorneys' fees, property inspec.:tion and valuation fees, and <br />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 <br />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 <br />pay such reinstatement sums and expenses in one or more of the following forms, as selected by <br />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, <br />instrumentality or entity; or (d) Eleetronic Funds Transfer. Upon reinstatement by Borrower, this <br />Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration <br />had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section <br />18. <br /> <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 <br />Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects <br />Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan <br />servicing obligations under the Note, this Security Instrument, and Applicable Law. There also might <br />be one or morc changes of the Loan Servicer unrelated to a sale of the Note. Ifthere is a change of the <br />Loan Servicer, Borrower will be given written notice of thc change which will state the name and <br />address of the new Loan Servicer, the address to which payments should be made and any other <br /> <br />NEBRASKA - Single Family. 'armte MlelFredd1e Mu UNifORM INSTRUMENT <br />;;J 2004-2006 Copyright Compliance Systems. Ille. 2D26-327 A - 2006. 11.140 <br />Single Family Real Estate - Security Instrument DL2D47 <br /> <br />Page 11 ofI4 <br /> <br />FonnJ0281/01 <br />www.complianccsystcms.com <br />800.968-8522 - Fax 616-956-1868 <br />
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