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201001836
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Last modified
3/19/2010 4:00:17 PM
Creation date
3/19/2010 3:58:34 PM
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DEEDS
Inst Number
201001836
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20~oois3s <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and <br />the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are <br />subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitlyallowIhe parties to <br />agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. <br />In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict <br />shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting <br />provision. <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include wrresponding neuter <br />words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the <br />word "may" gives sole discretion without any obligation to take any action. <br />17, Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Cnstrument. <br />18, Transfer of the Property ar a Beneficial Interest in Borrower. As used in this Section 18, "]ntcrest in the Property" <br />means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a <br />bond for deed, contract For dead, installment sales contract or escrow agreement, the intent of which is the transfer of title by <br />Borrower at a futwre date io a purchaser. <br />If al I or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person <br />and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require <br />immediate payment in full of all sums secured 6y this Security Instrument. 1-]owever, this option shall not be exercised by <br />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 of not <br />less than 30 days from the data the notice is given in accordance with Section 15 within which Borrower must pay all sums <br />secured by this Security Instrument. if Bdrrower fails to'pay those sums prior to the expiration of this period, Lender may <br />invoke any remedies pemtitted by this Security instrument without further notice or demand on Borrower. <br />19, Borrower's Right to Reinstate After Acceleration. If Harrower meets certain conditions, Borrower shall have the <br />right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale <br />of the Property pursuant to 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 enforcing this Security Instrument. <br />Those conditions are that Borrower; (a) pays Lender all sums which then would be duo under this Security Instrument and the <br />Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses <br />incurred in enforcing this Security Instrument, including, but oat limited to, reasonable attorneys' Fees, property inspection <br />and valuation fees, and 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 Lander may reasonably require to assure that Lender's interest in the <br />Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security <br />lnserument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or <br />more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's chock <br />or cashier's check, provided any such .check is drawn upon an institution whose deposits era insured by a federal agency, <br />instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and <br />obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall <br />not apply in the case of acceleration under Section 18. <br />20. Sale of Note; Change of Loan Servicer; Notice of Grievauce. The Note or a partial interest in the Note (together with <br />this Security Instrument) can be sold one or more times without prior notice to Borrower, A sale might result in a change in the <br />entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note and this Security Instrument and <br />performs other mortgage loan servicing obligations under the Note, this Security Instrument, and Applicable Law, There also <br />might ba ono or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, <br />Borrower will be given written notice of the change which will state the name and address of the now Loan Servicer, the <br />address to which payments should ba made and any other information RFSPA requires in connection with a notice of transfer <br />of servicing. ]f the Note is sold and thereafter the Loan is serviced by a Lvan Servicer other than the purchaser of the Note, <br />the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be transferred to a successor Loan <br />Servicer and are not assumed by the Note purchaser unless otherwise providod by the Note purchaser. <br />NEaRASKA -Single family -Fannie Maa/Fraddfe Mac UNIFORM IN8TRUMENT ~~ j~~ <br />~.8(N~ I~~rf Prge 100179 ms~~a•. y~,_,_ Form 3028 1101 <br />DpS-NE9 <br />inmt~,di~,~m <br />
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