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zoioo�s7s <br />There may be only ane designated notice address under this Security Instrument at any one time. Any <br />notice to Lender shall be given by delivering ic or by mailing it by first class mail to Lender's address <br />stated herein unless Lender has designated another address by notice to Borrower. Any notice in <br />connection with this Security Instrument shall not be deenned to have been given to Lender until actually <br />received by Lender. If any notice required by this Security Instnunent is also required under Applicable <br />I,aw, the Applicable Law requirement will satisfy the corresponding requirement under this Security <br />Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Tnstz�ument shall be <br />governed by fe�cieral law and the law of the jurisdiction in which the Praperty is located. All rights and <br />obligations contained in this Security Instrument aze subject to any requirernents and lira�itations af <br />Applicable Law. Applicable Law might explicitly or implicitly allow 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 pravision or clause of this Se�urity Instrument or the Note conflicts with Applicable <br />Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be <br />given effect without tkie conflicting provision. <br />As used in this Se�urity Instrument: (a) words of the masculine gender shall rnean and include <br />corresponding neuter words or wards of the feminine gender; (b) words in the singular shall mean and <br />include the plural and vice versa; and (c) the word "may" gives sple discretion without any obligation to <br />take any action. <br />17. Barrower's Copy. Borrower shall be given one copy af the Note and of this Security Instnunent. <br />18. Transfer of the Property or a Bene�cial Interest in Barrower. As use� in this Section 18, <br />"Interest in the Property" nneans any legal or beneficial interest in the Property, including, but not limited <br />to, those beneficial interests transferred in a bond for dced, contract for deed, installment sales contract or <br />escrow agreement, the intent of which is the transfer of title by Borrawer at a future date to a purchaser. <br />If all or any part of the Property ar any Interest in the Property is sold or transferred (or if Borrower <br />is not a natural person and a bene�cial interest in Borrower is sold or transferred) witY�out Lender's prior <br />written consent, Lender may require innme�iate payrnent in full of all surns secured by this Security <br />Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Lavv. <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 natice is given in accordance with Section 15 <br />within which Borrowear must pay all sums secur� by this Security Instnunent. If Borrower fails to pay <br />these surns prior to the expiration of this period, Lender may invoke any reznedies pernnitted by this <br />Security Instrument without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br />Bonawer shall have the right to have enforcement of this Security Instrument discontinued at any time <br />priar to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in <br />this Security Instnux�ent; (b) such other period 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 />canditions are that Borrower: (a) pays Lender all swns which then would ba due under this Security <br />Instrument and the Note as if no acceleration had occurr�; (b) cures any default of any other covenants or <br />agreements; (c) pays all exp�nses ineurred in enforcing this Security Instrument, including, but not limited <br />to, reasonable attorneys' fees, property inspe�ction and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in the Pmperty and rights under this Security Instrurr�ent; and (d) <br />takes such action as Lender may reasonably require to assure that Lender's interest in che Property and <br />rights under this Security Instnunent, and Borrower's obligation to pay the sums secured by this Security <br />Instrument, shall continue unchanged. L.ender may require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following fom�s, as selected by Lender: (a) cash; (b) money order; (c) <br />certi�ied check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon <br />an institution whose deposits are insure� by a federal agency, instrumentality ar entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Boz�rower, this Security Instnament and obligations securcd hereby <br />NEBRASKA - Single F�mily - Fannie Mae/Freddia M�c UNIFORM INSTRUMENT <br />�-61NE) losttl Paqe ii or i5 iniciais: Form $028 1/01 <br />�� A r � <br />,'� t1 � �a i� : ., r <br />