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201007572
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201007572
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Last modified
10/14/2010 4:45:32 PM
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10/14/2010 4:45:32 PM
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DEEDS
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201007572
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2oioo�572 <br />There may be only one designated notice address under this Security Instrunnent at any one tirne. Any <br />notice ta I.ender shall be given by delivering it or by mailing it by first class mail ta Lender's address <br />state� herein unless Lender has designated another address by notice to Borrower. Any notice in <br />cozix�ection with this Security Instrument shall not be deemed to have been given to I.ender until actually <br />areceived by Lender. If any notice required by this Security Instnunent is also required under Applicable <br />Law, the Applicable I.aw requirement will satisfy the corresponding requirement under this Security <br />Instrument. <br />16. Governing Law; Severability; Rules of Canstructian. This Security Instrument shall be <br />governed by federal law and the law of the jurisdiction in which the Pmperty is located. All rights and <br />abligations cantained in this 5ecurity Instrument are subject to any requirements and lirnitations of <br />Applicable Law. Applicable Law might explicitly or implicitly allow the parties ta agree by contract or it <br />might be silent, but such silence shall not be construed as a prohibition against agreement by cantract. In <br />the evenc that az�y pravision or clause of this Security Instniment or the Note conflicts with Applicable <br />Law, such conflict shall nat 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 Security Instrument: (a) words of the rnasculine gender shall mean and include <br />corresponding neuter words ar words of the feminine gender; (b) words in the singular sha11 mean and <br />include the plural and vice versa; and (c) the word "rnay" gives sole discretion without any obligatian to <br />take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. <br />1$. Transfer of the Property or a Bene�cial Interest in Burrower. As used in this Section 1$, <br />"Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited <br />to, those beneficial interests transferred in a bond for deed, contract for dee�i, installrnent sales contract or <br />escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. <br />If all pr any part of the Property or any Interest in the Property is sold or transferred (ar if Borrower <br />is not a natural person and a beneficial interest in Borirowear is sold ar transferred) withaut Lender's prior <br />written cansent, Lender rnay require immediate payment in full of all sums secur�d by this Security <br />Instrument. However, this option shall not be exercised by L,ender if such exercise is prohibited by <br />Applicable I.aw. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The natice shall <br />provide a period of not less than 30 days frorn the date the notice is given in accordance with Se�tion 15 <br />within which Borrower must pay all surns secured by this Security Instnunent. If Borrower fails to pay <br />these sums prior to the expiration of this period, I.ender may invoke any remedies permitted by this <br />Security Instrument without further notice or demand pn Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br />Borrower shall have the right to have enfarcern�ent of this Security Instrurnent discontinued at any time <br />prior to the earliest of: (a) five days befare sale of the Pmperty pursuant to any power of sale contained in <br />this Security Instrument; (b) such other period as Applicable Law might specify for the ternunation of <br />Borrower's right to reinstate; or (c) entry of a judgrnent enforcing this Security Instrument. Those <br />conditions are that Borrower: (a) pays Lender all surns which then would be due under this Se�urity <br />Tnstrument and the Note as if na acceleration had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited <br />to, reasonable attorneys' fees, property inspaction and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in the Property and rights under this Secwrity Instrument; and (d) <br />takes such action as Lender rnay reasonably require to assure that I.ender's interest in the Property and <br />rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security <br />Instnirnent, shall continue unchanged. I..ender may require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forms, as selected by I.ender: (a) cash; (b) rnoney order; (c) <br />certified check, bank check, treasurer's check or cashier's ch�ck, provided any such check is drawn upon <br />an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatennent by Borrawer, this Security Instrument and obligations secured hereby <br />N@BRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTFtUMENT <br />�-61NE) tos �� � P�e i i ot i e inic�ais: Form 302$ 1/01 <br />� <br />�, � , �� � g� `� .� .,� ��� ,. �` <br />,�. .d I� <br />
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