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20100'7152 <br />l6. Governing flaw; Severabffity; Rules of Cot~tntction. This Security Instruament shall be governed by federal law and <br />the law of the jurisdiction in which the Property is located All rigtrts and obligations contained in this Security In~trtrmerrt are <br />subject to any requitrxrterrts and limitations of Applicable Law. Applicable Lawuriglrt explicitly nr impiicitlyallawthe parties to <br />agree by contract or it might be silent, but such silence shall not be canatxrred as a prohibition agaitxst agreemett by contract. <br />th the event that arty provision or clause of this Security hrstrrmrerd ar the Note conflicts with Applicable Law, such camfliet <br />shall not affect other provisions of this 5ecuriry lnsttument ar the Note which can be given effect without the conflicting <br />provision. <br />As used itr this Security Irrstrttmerrt: (a) words of dre masculine gerxier shall mean and inchrde correspondir~ neuter <br />words nx words of the feminine gender; (b) wards in the singular shall mean and include the plural and vice r~exsa; and (c) the <br />word "may" gives sale discretion without any obligation to take any action. <br />17. Borrower's Copy. Borrower shall be given are copy of the Nate and of this Security Iustrwnetrt. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section iS, "Interest in the Property" <br />means any legal ox beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a <br />bond for deed, caniraet for deed, instalht~rt sales contrail or escrow agreement, the intent of which is the transfer of title by <br />Borrower at a future date tD a purchaser. <br />If alI or arty part of the Property or arry Interest in the Property is sold or transferred (or if 1orrower is not a natural person <br />and a bearefrcial interest in Borrower is sold or transferred) without Lender's prior written conse~ Lender may require <br />immediate pnyrnent in foil of ail sums secured by this Security Instrument. However, 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 $orravvex notice of acceleration. The notice shall provide a period of rat <br />less than 30 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 Insixurrrem. If Harrower fails to pay these sums prior to the expiration of this period, Lender may <br />invoke arty remedies pemritted by this Security Instrument without further notice or demand an Harrower. <br />19. Borrmrer'a Right to Reinstate After Acceleration. 1f Borrower meets certain ecmditions, Harrower shall have the <br />right to have enforcennrnt of this Security Instmm~ent discontinued at arty time pzzor to t~ earliest of: (a) ~ days befare sale <br />of the Property purauarrt to arty powex of sale contained in this Security Instrument; (b) such other period as Applicable Law <br />might specify for the termination of Borrower's tight to reinstate; or (c) entry of a judgment enforcing this Security Instrument. <br />Those candilions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the <br />Note as if no acceleration had occurred; (b) trees arty default of any other cavertants or agreements; (c) pays all expenses <br />incurred in enfon;ing this Security h>sttuntertt, including, but not limited to, reasonable attorneys' fees, property inspection <br />and valuation fees, and other fees incurred for the purpose of pmteaiug Lender's interest in the Property and rights under this <br />Security Instrument; and (d) takes such action as Leruder' may reascmably require to assrtre that Lenders interest ire the <br />Property and rights under this Security Instrument, and Harrowers obligation to pay the sums secured try this Security <br />Instrtmrent, shall continue unchanged. Letrdex may require that Borrower pay such reinstatem~rt 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 checl~ treasurea~s cheek <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) Eleetrorric Ftmds Transfer. Upon reinstatement by Borrower, dris Security Insarunrent and <br />obligations secured hereby shall remain fully effective as if na acceleration had acctured. However, #Iris right to reinstate shall <br />not apply in the case of acceleration under 5ectivn 1$. <br />26. Sale of Note; Charge of Loan Servicer; Notice of Grlevaace. The Note or a partial interest in the Note (together with <br />this Security Instnunent) can be sold one ox 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 Nou and this Security TmShYnsrent and <br />perfornns other mortgage loan serviang obligations under the Note, this Security Instxwtrenl, and Applicable Law. There also <br />might be one or ire changes of the Loan Servicer unrelated to a sale of the Norte. 1£ there is a change of the Loan Services, <br />Borrower' will be given written notice of the change which will state the name and address of fife new loan Servicer, the <br />address to which payments should be made and arty other infomraiion RFSPA requires in connection with a notice of transfer <br />of servicing. If the Nole is sold and thereafter the Loan is cerviced by a Loan Servicer other than the purchaser of the Note, <br />the mortgage loam servicing obligations to Borrower will ruin with the Loan Sexvicex or be transferred to a successax Loan <br />Servicer and are trot assumed try the Note pruclrasex unless otherwise provided try the Note purchaser. <br />NEBRASKA - 5~ngte Family -Fannie MaalFreddie Mac tIN1F+CRM NrS7RUtrEN7 ~,i ~ /J A -~~ <br />~~~ t~+~l ~ to ar fa w"m~e: ~~'I ~ f'~ <br />>~ <br />f=orm 1l01 <br />1111~111~11 <br />