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201004648
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Last modified
7/7/2010 2:29:10 PM
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7/7/2010 2:29:09 PM
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DEEDS
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201004648
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2014U4~4$ <br />l6. 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 Lawnught explicitly or implicitly allow the 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 Instnrrrrent 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 corresponding neuter <br />wvrds or words of the feminine gender; (b) words in the singular shall mean artd include the plural and vice versa; and (c) lire <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 Instrument. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "interest 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 deed, installment. sales contract or escrpw agreement, the intent of which is the transfer of title by <br />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 $orrower is not a natural person <br />and a beneficial interest in $orrower is sold nr transferred) without Lender's prior written consent, Lender may require <br />immediate payment itt full of all sums secured by this Security ]nstrtunent. However, this option shall not be exercised by <br />Lender if such exercise is prohibited by Applicable Law. <br />I£ Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not <br />less than 3D days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums <br />secured by this Security Instrument. If $orrower fails to pay these sums prior to the expiration of this period, Lender may <br />invoke any remedies permitted by this Security Instrument without further notice or demand vn Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certaht conditions, Borrower shall. ]rave the <br />right to have enforcement of this Security ]nstrtuttcnt discontinued at arty 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 Instrurrtent. <br />Those conditions are that Borrower: (a) pays Lender all Bruns which then would be due under thus Security Instnunent and the <br />Note as if no acceleration had occurred; (b) cures any default of any other covenants nr agreements; (c) pays all expenses <br />incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, properly 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 Lender may reasonably require to assure that Lender's interest in die <br />Property and rights under 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 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 check <br />or cashier's check, provided any 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 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 Grievance. 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 (lffrown 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, clris Security Instrument, and Applicable Law. There also <br />might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Lnan Servicer, <br />Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the <br />address to which payments should be made and any other information RESPA requires in connection wdth a notice of transfer <br />of servicing. It the Note is sold and thereafter the Loanrs serviced by a Loan Servicer other than the purchaser of the Note, <br />the mortgage loan servicing obligations to Borrower will rerrrairr with the Loan Servicer or be transferred to a successor Loan <br />Servicer and are not assumed by the Note purchaser unless otherwise provided by the Note purchaser. <br />NEBRASKA -Single Family -Fannie MaelFreddie Mac UNIFORM INSTRUMENT <br />®,glpE) tos~~i a~ga iom~a mi~iaic: Form 3D28 1/Di <br />nos-tva9 <br />I IIII IIII VIII IIII IIIIIII IIII IIII VIII VIII VIII VIII VIII III' IIII III <br />ODDDNE9626166 <br />
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