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201007571
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Last modified
1/11/2011 2:34:49 PM
Creation date
10/14/2010 4:45:04 PM
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DEEDS
Inst Number
201007571
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2oioo��7i <br />There may be only one designated notice address under this Security Instrument at any one tinne. Any <br />notice to Lender shall be given by delivering it or by mailing it by �rst class mail to Lender's addxess <br />stated herein unless Lender has designated another address by notice to Borrower. Any notice in <br />connection with this Security Instrument shall not be deemed to have been given to Lender until actually <br />received by I.ender. If any notice required by this S�curity Instrument is also required under Applicable <br />Law, the Applicable Law requirernent W�rr satisfy the corresponding requirement under this Security <br />Tnstrumcnt. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrurnent shall be <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 Instrument are subject to any requir�ments and limitations pf <br />Applicable Law. Applicable Law might explicitly or irnplicitly allow the parties to agree by contract or it <br />might be silent, but such silence shall not be constn►ed as a prohibition against agreement by contract. In <br />the event that any provisian or clause of this Security Tnstrument or the Note conflicts with Applicable <br />Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be <br />given effect without the canflicting provision. <br />As used in this SecuriCy InsCrument: (a) words of the masculine gender shall mean and include <br />corresponding neuter words or words of the feminine 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 />take any action. <br />17. Borrower's Copy. Borrawer shall be given one copy of the Note and of this Security Instrurnent. <br />1$. Transfer of the Properky or a Bene�cial Interest in Sorrower. As used in this Section 18, <br />"Interest in the Property" means any legal or bene�cial interest in the Property, including, buC not limited <br />to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contaract or <br />escrow agreement, the intent of which is the transfer of title by Bonower at a future date to a purchaser. <br />If all or any part of the Property or any Interest in the Praperty is sold or transferred (or if Borrower <br />is nat a natural persan and a bene�cial interest in Borrower is sold or Cransferred) without Lender's prior <br />written coansent, Lender may require immediate payment in full of all sunas secured by this Security <br />Instrument. However, this option shall not be exercised by I,ender if such exercise is prahibited by <br />Applicable Law. <br />If I.ender exercises this option, I,ender sha11 give Borrower notice of acceleration. The natice shall <br />provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 <br />within which Borrower nnust pay all sums secured by this Security Instrument. If Borrower fails to pay <br />these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrument without further notice or dernand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Banower meets certain conditions, <br />Borrower shall have the right to have enforcernent of this Security Instrurnent discontinued at any tizne <br />prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in <br />this Security Instrument; (b) such other period as Applicable Law might specify for the termination of <br />Borrower's right to reinstate; or (c) entry of a judgment enfarcing this Security Instrument. Those <br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security <br />Instrurnent and the Note as if no acceleratian had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expenses incurred in enfarcing this Security Instrument, including, but not limited <br />to, reasonable attomeys' fees, property inspection and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in the Praperty and 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 and <br />rights under this Security Tnstrument, and Borrawer's obligation to pay the sums secured by this Security <br />Instrument, shall continue unchanged. L.ender may require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forms, as selecCed by L.ender: (a) cash; (b) money order; (c) <br />certified check, bank check, treasnrer's check or cashier's check, provided any such check is drawn upon <br />an institutian whose deposits are insured by a federal agency, instrumentality ar entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ��_ � <br />�-B(NE) (08111 Page 11 of 15 inmais: �"'z`.. ` Form 3028 1/01 <br />� <br />e,m� <br />.�r�`te.�:..',. � <br />
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