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VI II:1�! <br />Thete may be only one designated notice address under this Secutity Instn�ment at any one tirne. Any <br />notice to Lender shall be given by delivering it or by mailing it by lirsi class mail to Lender's address <br />stated herein unlesa Lender has designated another addre5s by notice to Borrower. Any notice in <br />connection with this Security Instrument shall not be deemed to have been given to L.ender until actually <br />received by Lender. If any natice required by this Security Instnunent is also reauired tivader APplicable <br />Law, the Applicable Law requirement will satisFy the corresponding requirement under ihis Security <br />Instruzxaent. <br />1b. Governing Law; Severability; Rules of Constructinn. This Security 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 coniained in this Secw Instrument are subject to any requirernents and limitations oF <br />Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it <br />mi�ht be silent, but such silence shall not be construed as a prahibition against agreernent by contract. In <br />the event that any prnvision or clause of this Security Instruunent or the Note conflicts with Applicable <br />Law, such conflict shall not affect other pravisions of this Security Instrurnent or the Note which can be <br />given effect witk�out the canflieting provisian. <br />As used in this Security Instrutnent: (a) words of the masculine gender shall inean and include <br />corresponding neuter words or words of th� feminine gender; (b) words in the singular shall mean and <br />include the plural and vice vcrsa; and (c) the word "may" gives sole discretion without any obligation to <br />taka any action. <br />17. Barrower's Copy. Sorrower shall be given one copy of tlae Notc and of this Security Instnunent. <br />18. Transfer of the Property or a Seneficia! Intcrest in Borrower. As used in this Section 18, <br />"Interest in the Property" means any legal or beneficial interest in the Praperty, including, but not limited <br />ta, those bene�cial interests transferred in a bond for deed, contract For deed, 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 or any part of the Property or any Interest in the Property is sold or tran5ferred (or if Borrower <br />is not a natural person and a bene�cial interest in Sonower is sold or transferted) without Lender's prior <br />written consent, Lender may require immediate payment in full of a11 swns secured by this Security <br />Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, Lender shall give Bottower notice of acceleration. 'lhe �notice shall <br />ptovide 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 thie Security Inst►vment. If Bonower fails to pay <br />these sums prior to thc expiration of this period, Lencler may invoke any remedies permitted by this <br />5ecurity Instrurnent witl�out further notice or demand on Borrower. <br />19. Borruwer's Right to Reinstate After Acceleration. If Borrower meets certain canditions, <br />Sorrower shall have the right to have enforcement of this Security Instrument discontinued at any time <br />prior to the earlicst of: (a) rve days be£ote sale of ihe Ptoperty pursuant to any power of Gale contained in <br />lhis Security Instnimcnt; (b) such other period as Applicable Law inight specify for the termi.nation of <br />Bottower's right to reinsiate; or (c) entry of a judginent enforcing this Security Instniment_ '1'hose <br />conditions are that B�rrower: (a) pays Lender all sums which then would be due iunder this Security <br />Instnunent and the Note as if nn accelerationhad occurred; (b) cures any default of any other epvenants or <br />agreernents; (c) pays all expenses incurred in enforcing this Security Instrument, including, hut not limited <br />to, reasonable attorncys' fee5, property inspectian and valuation fees, and other fees incurred for the <br />putpose of protecting I,endet's interest in the Properiy and rights under this Security Tnstrument; and (d) <br />takes such action as Len.det may reasonably requite to assure that Lender's interest in the Praperty and <br />rlghts under this Security Insttu�nent, and Botrowet's obllgation to pay the sums secured by ihis Security <br />Tnstrument, shall continue unchanged. Lender may require that I3ot pay such reinstateinent sumti and <br />expenses in one or more of the following forms, 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 upoz► <br />an in5titntian whose deposits are insured by a fedez�al agency, instnunentality nr entity; or (d) T:lectronic <br />Funds Transfer. Upon rcinstatement by Borrower, this Security Instnunent and obligations secuxed liereby <br />N�BRASKA- Single Family - FannieMaelFreddle Mac UNIFOFtM IN&7RUMEN7 <br />�-6(NE) (oso �) Page 11 of 15 Initials: FCI'In 3028 1/01 <br />� <br />� <br />