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200906037
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Last modified
7/23/2009 3:50:45 PM
Creation date
7/23/2009 3:50:44 PM
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DEEDS
Inst Number
200906037
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2oo9oso3~ <br />There may be only one designated notice address ureter this Security h>stnumenl at any one time. Any <br />notice to Lender shall be given by delivering it or by rrwiling it by first clots mail to Lender's address <br />stated hereiu unless I,errrler has designated another address by notice io Borrower. Any notice in <br />connection with this Security Intruement shall not be deemed W have been given to Lender until actually <br />received by Lender. Tf any notice required by this Security Ir>stnunent is also required under Applicable <br />I~aw, the Applicable Law requirement will satisfy the cornespondirrg requirement under Ibis Security <br />Incinnnent. <br />16. Governing Law; Sevcrability; Rules of Construction. This Security Irnirvment shall 6c <br />governed by federal law and the law of the jurisdiction in which the Property is located. All rights and <br />obligations contained in this Security hlshvment are subject to any requirements and limitations of <br />Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it <br />might be silent, but such silence shall not be comtrved as a prohibition against agreement by contract. In <br />the event that any provision or clause of this Security Instnunent or the Note conflicts with Applicable <br />Law, such conflict shall not affect other provision of this Security hnirumerrt or we Note which can be <br />given effect witlwut the conflicting provision. <br />As used in this Security IrzSUument: (a) words of the masculine gender shall mesa and include <br />corresporxlirlg neuter words or words of the fenliuine 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 to <br />lake any action. <br />I7. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security hntnunent. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, <br />"Interest in the Property" mean any legal or beneficial interest in the Property, including, but not limited <br />to, those beneficial interests tranferred in a borxl for deed, contract for deed, installment sales contract or <br />escrow agreement, the iuterrt of which is the trar>fifer of title by Borrower at a future date to a piuiehaser. <br />If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower <br />is not a natural person aril a beneficial interest in Borrower is sold or transferred) without Lender's prior <br />written wrr5ent, Lender may require immixiiate paymerrt in full of all Bunn 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 />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a period of not less than 3(1 days from the date the notice is given in accordance with Section 15 <br />within which Borrower must pay all swn secured by this Security Instrument. Tf Borrower fails to pay <br />these sums prior 1o the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrument without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. Tf Borrower meets certain condition, <br />Borrower shall have the right to have enforcement of this Security Instrument discontirnred at any lime <br />prior to the eariiesi of: (a) five days before sale of the Property pursuant to any power of sale contained in <br />this Security Irntnrrrrent; (b) such other period as Applicable Law might specify for the h:rnrinaiion of <br />Borrower's right to reirstate; or (c) entry of a judgment enforcing this Security Inhlrmern. Those <br />condition are that Borrower: (a) pays I.erxler all srmn which then would be due under this Security <br />Instrument and We Note as if rx~ acceleration had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expcnes incurred in enforcing this Security Instrument, including, but not limited <br />to, reasonable attorneys' fees, property inpection and valuation fees, and other fees incurred for the <br />purpose of protecting Leader's interest in the Property acrd rights under this Security Instrument; and (d) <br />takes such action as Lender may. reasonably require to assure that Lender's interest in the Property aril <br />rights under this Security Intrumeni, aril Rornower's obligation to pay the surrn secured by this Security <br />Intrument, shall continue unchauged. Lender may require that Borrower pay such reinstatenlerri surr>s aril <br />expenes in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) <br />certit5ed check, bank check, treasurer's check or cashier's clx:ck, provided any such ehl:ck is drrwr upon <br />an intitution whale deposits are inured by a federal agency, intnm~entality or entity; or (d) Electronic <br />Yantis Transfer. Upon reintatement by Borrower, this Security Imhtmreni and obligations secured hereby <br />~~iti ortgage 3.2.23.04 VS <br />NEBRASKA -Single Famlty -Fannie Mae/Freddle Mac UNIFORM INSTRUMENT <br />-6(NE) (os») Page i i of 15 tr:t~s: Form 5028 1 /01 <br />
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