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2o�oo�soo <br />There may be only one designated notice address under this Security Instrument at any one time. Any <br />notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender' s address <br />stated hexein unless Lender has designated another address by notice to Boxxower. Any notice in <br />connection with this Security Instrument shall not be [leerned to have been given to Lender until achially <br />received by Lender. If any notice required by this Security Inshument is also zequired under Applicable <br />Law, the Applicable Law requirement will satisfy the corresponding requireiment under this Security <br />Instrument. <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 requirements and limitations of <br />Applicable Law. Applicable Law m�ight explicitly or implicitly allow the parties to agrce by contract or it <br />might be silent, but such silence shall not be construed as a prnhibition against agreement by contract. In <br />the event that any provision or clause of this Security Inst�unent or the Nute conflicts with Applicable <br />Law, such conflict shall nut affect other provisions of this Security Instrume�nt or the Note which cmz be <br />given effect without the conflicting provision. <br />As used in this Security Instrument: (a) words of the rnasculine gender shall mean and includa <br />corresponding neuter words or words of the feminine gender; (b) words in tlae singular shall mean and <br />include the plural and vice versa; and (c) the word "may" gives sole disccetion without any obligation to <br />take any action. <br />17. Borrower's Copy. Barrawer sball be given one copy of the Note and of this Security Instrument. <br />18. Transfer of the Property or a Bene�cial Interest in Borrower. As used in this Section 18, <br />"Interest in the Property" means any legal or beneficial interest in the Property, includin$, but not litx►ited <br />to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or <br />escrow agreernent, the intent of which is the transfer of title by Borroweir at a Future date to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sold or transfcrred (ar if Borrower <br />is not a natural person and a beneficial interest in Borrower is sald or transferred) without Lender' s prior <br />written consent, Lender may require immediate payrnent in full of a11 swms secured by this Security <br />Instrument. However, this option shall not be exercised by Lender if srxch exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, Lender shall give Barrawer notice of accelerat�on. The notice shall <br />provide a period of not leas than 30 days &om the date the nurice is given rn accordance w�ith Sectian 15 <br />within which Borrower rnust pay all sums secured by this 5ecurity Instrument. If Borrower fails to pay <br />these sums prior tu the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrunaent without further notice or demand on Barrawer. <br />19. Borrower's Rfght to Reiustate After Accelerat�on. If Horrower rneets certain conditions, <br />Borrower shall have the right to have enforcement of this Security Instrument ciiscontinuad at any time <br />prior to the earliest of: (a) five days before sale af the Praperty pursuant to any povver of sale contained in <br />this Security Instrument; ('b) such other period as Applicable Law might specify for the tennination of <br />Borrower' s right to reinstate; ur (c} entry of a judgment enforcing this Security Instirument. Those <br />conditians are that Borrower: (a) pays Lender all surns which then would be due under this Security <br />Instrument and tkie Note as if no acceleration had occuir�d; (b) cures any default of any other covenatrts or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instru�ment, inclnding, but not limited <br />to, reasonable attorneys' fees, property inspection and valuation fees, and otk�er fees incurred for the <br />purpose of protecting Lender' s interest in the Property and rights under this Security Instrument; and (d) <br />takes such a�tion as Lender may reasonably require to assure that Lender' s interest in the Property and <br />rights under this Security Ins�ument, ar�,d Borxower' s obligation to pay the sums secured by this Security <br />Instcvment, shall cantinue unchanged. Lender may 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 />certifi� check, bank check, treasurer' s check or cashi�r' s check, provided any such check is drawn upon <br />an institution whose depasits are insured by a federal agency, instrurneatality or entity; or (d) Ele�tronic <br />�unds Transfer. Upon reinstatement by Horrower, this Security Instrument and obligations secuted hereby <br />shall remain fully effective as if no acceleration had occurred. Howev�r, t3us right to reinstate shall not <br />apply in the case of acceleration under Section 1 S. <br />2200�7'6996 n V6AN8 <br />NEBRASKA - Single Family - Fannle Mae/Preddle Mac 11NIWRAN INSTRUMEN7 WR <br />�-BA(NF� toa�o� PsOe 11 of 15 i„�y,i, � Porm 9028 7/01 <br />c� <br />