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200500263
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Last modified
10/17/2011 1:04:06 AM
Creation date
10/18/2005 3:05:41 PM
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DEEDS
Inst Number
200500263
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200500263 <br />by this Security Instrument. However, this option shall not be exercised by Lender if such exercise <br />is prohibited by Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice <br />shall provide a period of not less than 30 days from the date the notice is given in accordance with <br />Section 15 within which Borrower must pay all sums secured by this Security Instrument. If <br />Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any <br />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 <br />conditions, Borrower shall have the right to have enforcement of this Security. Instrument <br />discontinued at any time prior to the earliest of (a) five days before sale of the Property pursuant to <br />any power of sale contained in this Security Instrument; (b) such other period as Applicable Law <br />might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment <br />enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums <br />which then would be due under this Security Instrument and the Note as if no acceleration had <br />occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred <br />in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpose of protecting <br />Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action <br />as Lender may reasonably require to assure that Lender's interest in the Property and rights under <br />this Security Instrument, and Borrower's obligation to pay the sums secured by this Security <br />Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement <br />sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) <br />money order; (c) certified check, bank check, treasurer's check or cashier's check, provided any <br />such check is drawn upon an institution whose deposits are insured by a federal agency, <br />instrumentality or entity; or (d) Electronic 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 <br />Section 18. <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial <br />interest in the Note (together with this Security Instrument) can be sold one or more times without <br />prior notice to Borrower. A sale might result in a change in the entity (known as the "Loan <br />Servicer'l that collects installment payments due under the Note and this Security Instrument and <br />performs other mortgage loan servicing obligations under the Note, this Security Instrument, and <br />Applicable 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 Servicer, Borrower will be given written notice of the <br />change which will state the name and address of the new Loan Servicer, the addrest to which <br />payments should be made and any other information RESPA requires in connection with a notice of <br />transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a Loan Servicer other <br />than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will remain <br />with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the <br />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 <br />either an individual litigant or the member of a class) that arises from the other party's actions <br />pursuant to this Security Instrument or that alleges that the other party has breached any provision <br />of, or any duty owed by reason of, this Security Instrument, until such Borrower or Lender has <br />NEBRASKA —UN WORM INSTM ENT (Acknowledgemeng) <br />
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