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201007869
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Last modified
10/25/2010 4:11:07 PM
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10/25/2010 4:11:07 PM
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DEEDS
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201007869
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2oioo7ss� <br />There may be only one designated notice address under this Security Instnunent at any one tirne. 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 herein unless �.ender has designated another address by notice to Borrower. Any notice in <br />cpnnection with this SecuriCy Instru�ner�t shall not be deerned to have been given to I,ender until actually <br />received by Lender. If any notice required by this Security Instrurnent is also required under Applicable <br />Law, the Applicable Law requirement will satisfy the correspanding 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 contained in this Security Instrurnent are subject to any requirements and lirnitations of <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 nat be construed as a prohibition against agreement by contract. In <br />the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable <br />Law, such conflict shall not affect other provisians of this 5ecurity Instrunnent or the Nate which can be <br />given effect without the conflicting provision. <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include <br />corresponding neuter words or words of the feminine gend�r; (b) wards in the singular shall mean and <br />include the plural and vice versa; and (c) the word "may" gives sale discretion without any obligation ta <br />take any action. <br />17. Sorrower's Copy. Borrower shall be given one copy af the Note and of this Security Instrument. <br />18. Transfer of the Property or a Bene�cial Intexest in Sorrower. As used in this Section 18, <br />"Interest in the Properiy" 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 deed, installment sales contract or <br />escrow agreement, the intent af which is the transfer of title by Borrower at a future date to a purchaser. <br />If a11 or any part of the Praperty or any Interest in the Property is sold or transferred (or if Borrower <br />is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior <br />written consent, Lender may require irnrnediate payment in full of all sums secured by this Security <br />Instrument. However, this option shall nat be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, 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 witY� Section 15 <br />within which Borrower rnust pay all sums securer� by this Security Instrurnent. If Borrower fails to pay <br />these suuns prior to the expiration of this period, Lender zanay invake any remedies pernutted by this <br />Security Instrunnent without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borcawer rneets certain conditions, <br />Borrower shall have the right to have enforcement of ttais Security Instrument discontinued at any time <br />prior to the earliest of: (a) five days before sale of the Prope�rty pursuant ta any power of sale contained in <br />this Security Instrument; (b) such other pe�od as Applicable Law might specify for the ternunation of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instnunent. Those <br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security <br />Instnunent and the Nate as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expenses incurred in enfozcing this Security Instrument, including, but not limited <br />to, reasonable attorneys' fees, property inspe�tian and valuation fees, and other 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 action as Lender may reasonably require to assure that Lender's interest in the Property and <br />rights under this Security Instrument, and Borrower's obligation to pay the sums secureri by this Security <br />Instrurnent, shall continue unchanged. Lender may require that Borrower pay such reinstatement swns and <br />expenses in one or more of the followi.ng forn�s, as selected by Lender: (a) cash; (b) money order; (c) <br />certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon <br />an institution whose deposits are insur� by a federal agency, instrumentality or entity; or (d) Blectronic <br />Ftiuids Transfer. Upon reinstatement by Borrower, this Security Instrument and obligativns se�ured hereby <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT <br />�-6(NE) 1o8t i1 Pege 71 of 16 initiais: Form 3Q2$ 7(01 <br />� <br />� <br />.• <br />� i' �; C' ;. + � � i <br />, <br />� <br />/ <br />
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