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201007575 Th�re may be only one designated notice address under this Security Instrument at any ane tirne. Any notice to Lender shall be given by delivering it or by rnailing it by first class rnail to I..ender's address stated herein unless I.ender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deerned to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement wirr satisfy the carresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Se�urity Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contaaned in this Security Instniment are subject to any requirements and limitations of Applicable Law. Applicable Law rnight explicitly or implicitly allaw the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instruiment or the Note conflicts with Applicable L.aw, such conflict shall not affect other provisions of this Security Instrurnent or the Nate which can be given affect without the conflicting provisian. As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or woards of the feminine gender; @) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discr�tion without any obligation to take any action. 17. Barrower's Copy. Boz�rower shall be given one copy of the Note and of this Secunity Instrument. ].8. 'Ikansfer of the Property or a Bene�cial Interest in Borrower. As used in this Section 1$, "Interest in ttAe Property" means any legal or bene�icial interest in the Property, including, but not liznited to, those beneficial interests transferred in a bond far dced, contract for de�, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all oar any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Barrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prot�ibited by Applicable Law. If Lender exercises t.�us optian, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fadls to pay these sums prior to the expiracion pf this period, Lender may invoke any remedies pernutted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower rneets certain conditions, Borrower shall have the right to have enforcernent of this Security Instrument discontinued ac any time prior ta the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instruirnent; (b) such other period as Applicable Law might specify for the ternunation af Banower's right to reinstate; ar (c) entry of a judgment enfarcing this Security Instrument. Those cnnditions are that Borrower: (a) pays Lender all sums which then would be due und�r this Security Instrument and the Note as if no acceleration had occurre�; (b) cures any default of any other covenants or agreements; (c) pays all expenses ineurred in enforcing this Security Instrurnent, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting L.ender's interest in the Property and rights under this Security Instrurnent; and (d) takes such action as I.ender rnay reasonably require to assure that Lender's interest in the Praperty and rights under this Security Instrument, and Borrower's obligation to pay the sums secured bq this Security Instrument, shall continue unchanged. Lender xnay require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certi�ied check, bank check, treasurer's check ar castuer's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instnunentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby NEBRASKA - Single Femily - Fannie MaelFraddia Mac UNIFORM INSTRUMENT �-B(NE) 1os�t1 Page 11 Of 16 iciais:, Form 302$ 1/01 � .y _ : � V �� f . x %� i� ,� .� M