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201007575
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Last modified
1/11/2011 2:06:59 PM
Creation date
10/14/2010 4:46:26 PM
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DEEDS
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201007575
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201007575 <br />Th�re may be only one designated notice address under this Security Instrument at any ane tirne. Any <br />notice to Lender shall be given by delivering it or by rnailing it by first class rnail to I..ender's address <br />stated herein unless I.ender has designated another address by notice to Borrower. Any notice in <br />connection with this Security Instrument shall not be deerned to have been given to Lender until actually <br />received by Lender. If any notice required by this Security Instrument is also required under Applicable <br />Law, the Applicable Law requirement wirr satisfy the carresponding requirement under this Security <br />Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Se�urity Instrument shall be <br />governed by federal law and the law of the jurisdiction in which the Property is located. All rights and <br />obligations contaaned in this Security Instniment are subject to any requirements and limitations of <br />Applicable Law. Applicable Law rnight explicitly or implicitly allaw the parties to agree by contract or it <br />might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In <br />the event that any provision or clause of this Security Instruiment or the Note conflicts with Applicable <br />L.aw, such conflict shall not affect other provisions of this Security Instrurnent or the Nate which can be <br />given affect without the conflicting provisian. <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include <br />corresponding neuter words or woards of the feminine gender; @) words in the singular shall mean and <br />include the plural and vice versa; and (c) the word "may" gives sole discr�tion without any obligation to <br />take any action. <br />17. Barrower's Copy. Boz�rower shall be given one copy of the Note and of this Secunity Instrument. <br />].8. 'Ikansfer of the Property or a Bene�cial Interest in Borrower. As used in this Section 1$, <br />"Interest in ttAe Property" means any legal or bene�icial interest in the Property, including, but not liznited <br />to, those beneficial interests transferred in a bond far dced, contract for de�, installment 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 oar any part of the Property or any Interest in the Property is sold or transferred (or if Borrower <br />is not a natural person and a beneficial interest in Barrower is sold or transferred) without Lender's prior <br />written consent, Lender may require immediate payment in full of all sums secured by this Security <br />Instrument. However, this option shall not be exercised by Lender if such exercise is prot�ibited by <br />Applicable Law. <br />If Lender exercises t.�us optian, Lender shall give Borrower notice of acceleration. The notice 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 must pay all sums secured by this Security Instrument. If Borrower fadls to pay <br />these sums prior to the expiracion pf this period, Lender may invoke any remedies pernutted by this <br />Security Instrument without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower rneets certain conditions, <br />Borrower shall have the right to have enforcernent of this Security Instrument discontinued ac any time <br />prior ta the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in <br />this Security Instruirnent; (b) such other period as Applicable Law might specify for the ternunation af <br />Banower's right to reinstate; ar (c) entry of a judgment enfarcing this Security Instrument. Those <br />cnnditions are that Borrower: (a) pays Lender all sums which then would be due und�r this Security <br />Instrument and the Note as if no acceleration had occurre�; (b) cures any default of any other covenants or <br />agreements; (c) pays all expenses ineurred in enforcing this Security Instrurnent, including, but not limited <br />to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the <br />purpose of protecting L.ender's interest in the Property and rights under this Security Instrurnent; and (d) <br />takes such action as I.ender rnay reasonably require to assure that Lender's interest in the Praperty and <br />rights under this Security Instrument, and Borrower's obligation to pay the sums secured bq this Security <br />Instrument, shall continue unchanged. Lender xnay require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) <br />certi�ied check, bank check, treasurer's check ar castuer's check, provided any such check is drawn upon <br />an institution whose deposits are insured by a federal agency, instnunentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby <br />NEBRASKA - Single Femily - Fannie MaelFraddia Mac UNIFORM INSTRUMENT <br />�-B(NE) 1os�t1 Page 11 Of 16 iciais:, Form 302$ 1/01 <br />� .y _ <br />: � V �� <br />f . x %� i� ,� .� M <br />
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