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201008105
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Last modified
11/1/2010 4:04:34 PM
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11/1/2010 4:04:33 PM
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DEEDS
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201008105
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2oioosio5 <br />There may be only ane designated notice address under this Security Instruxnent at any one time. Any <br />notice ta Lender shall be given by delivering it or by mailing it by first class mail ta Lender's address <br />5tated herein unless Lender has designated another address by notice to Borrower. Any natice in <br />cannection with this Security Instrument shall not be deemed to have been given to Lender until actually <br />received by Lender. If any notice required by this Security Instrunient is also reqnired under Applicable <br />Law, the Applicable Law arequirement will satisfy the corresponding requirement under this Security <br />Iustrument. <br />1G. Goverping Law; Severability; Rules of Constructinn. This Security Instrument shall be <br />governed by federal law and the law of the jurisdiction in which the Praperty is located. All rig�ts and <br />obligations contained in this Security Instrument are subject to any requirements and limitations of <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 provisian or clause af this Security Instrument or the Note conflicts with Applicable <br />Law, such conflict shall not affect ather provisions of this Security Instiument or the Note which can be <br />given effect without the canflicting provision. <br />As used in this Security Instrument: (a) words of the maseuline gender shall mean and include <br />corresponding neuter words or words 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 sole discretion without any obligation to <br />take any action. <br />17. Borrower's Copy. Bnrrower shall 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 Properiy" means any legal or beneficial interest in the Property, including, but not limited <br />ta, those bene�'lcial inteiests transfetted in a bond for deed, contract for deed, installment sales contract or <br />escraw 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 sald or transferred (or if Sorrower <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 requirc imnnediate payment in full of all sums secuted 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 Borrower notice af acceleration. The notice shall <br />provide a period of nat less than 30 days from the date the notice is given in accordance with Section 15 <br />withia which Borrower must pay all sums secured by this Security Iustrument. If Borrower fails to pay <br />these sums pnior to the expiration of this period, Lender may inVoke any remedies permitted by this <br />Security Instrument without further notice or demand on Borrower_ <br />19. Borrower's Right to Reinstate ATter Acceleration. If Borrower meets certain conditions, <br />Bortower shall have the right to have enforcernent of this Security Insttument diseontinued at any time <br />prior ta the earliest af: (a) �ve days beFore sale of the Property purauant to any power of sale contained in <br />this Security Instrument; (b) such other period as Applicable Law might specify for the termination of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Thase <br />conditions are that Bonrawer: (a) pays Lender a11 sums which then would be due under this Security <br />Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agrearnents; (c) pays all expenses incurred in enforcing this Security Instrurnent, including, but not limited <br />to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for th� <br />purpose of protecting Lender's intcrest in the Property and rights under this Security Instruynent; 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 Sacurity Instrument, and Borrower's obligation to pay the sums secured by this Security <br />Instrument, shall continue uuchanged. Lender may require that Borrower pay such reinstatement sums and <br />expeuses 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, pravided any such check iG drawan upon <br />an institution whose deposits are insr.tred by a fedetal agency, instrumentality or entity; or (d) Electronic <br />Funds Transfer. Upan reinstatement by Borrower, this Security Instruinent and obligations secured hereby <br />NEBRASKA- Single Family - FannleMae/Freddie Mac UNIFORM INSTRUMENT l�j <br />�-6(NE) (os�i� Page11 or�e initieis: V` Form 3028 1/01 <br />
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