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200801165
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Last modified
2/14/2008 10:31:08 AM
Creation date
2/14/2008 10:29:19 AM
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DEEDS
Inst Number
200801165
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<br />200801165 <br /> <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter <br />words or words of the feminine gender; (b) words in the singular shall mean and include tbe plural and vice versa; and ( c) the <br />word "may" gives sole discretion witbout 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 the <br />Property" means any legal or beneficial interest in the Property, including, but not limited to. those beneficial interests <br />transferred in a bond for deed, contract for deed. installment sales contract Of escrow agreement, the intent of which is the <br />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 natural <br />person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may <br />require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be <br />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 period <br />of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all <br />sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period. Lender <br />may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall <br />have the right to have enforcement ofthis Security Instrument discontinued at any time prior to the earliest of: (a) five days <br />before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as <br />Applicable Law might specify for the termination of Borrower's right to reinstate; or ( c) entry ofa judgment enforcing this <br />Security Instrmneut. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this <br />Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable <br />attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to <br />assure that Lender's 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 pay such <br />reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; <br />(c) certified check, bank check. treasurer's check or cashier's check, provided any such check is drawn upon an institution <br />whose deposits are insured by a federal agency, instnnnentality or entity; or (d) Electronic Funds Transfer. Upon <br />reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no <br />acceleration had occurred. However, this right to reinstate shall not apply.in the case of acceleration under Section 18. <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial 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 :result <br />in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note and this Security <br />Instrument and performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable <br />Law. There also might be one or more changes of the Loan ServiCe! unrelated to a sale of the Note. If there is a change of <br />the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new <br />Loan Servicer, the address to which payments should be made and any other information RESPA requires in connection with <br />a notice of transfer of servicing. If the Note is sold aod thereafter the Loan is serviced by a Loan Servicer other than the <br />purchaser of 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 p.ucchaser unless otherwise provided by the Note <br />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 this Security Instrument or that alleges <br />that the other party has breached aoy provision of. or any duty owed by reason of, this Security Instrument, until such <br />Borrower or Lender has notified the other party (with such notice given in compliance with the requirements of Section 15) <br />of such alleged breach and afforded 1he other party hereto a reasonable period after the giving of such notice to take <br />corrective action. If Applicable Law providcs a time period which must elapse before certain action can be taken. that time <br />period will be deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure <br /> <br />Nebraska Deed ofTrust-SingJe FamilY- Faonle Mae/Fn!ddie Mac: "UNIFORM INSTRUMENT <br />-Tmt COJl4l'l.1ANCE SOURCE, INc.- Page 10 of 13 <br />www.eOlllpIi_""" <br /> <br />MERS Modified Form 3028 Ol/lll <br />14301NE 0Il18O <br />02000. The Compll.."" SoUll:O,1IK:. <br />6312905 <br /> <br />SJ3 rJl-o::-o8 <br /> <br />~ ~-S-O~ <br />
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