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201008634 There may be only one designated notice addreas under this Security Iustrurnent at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Bonower. Any notice in connection with this Security Instrument shall not be deemed to have been given to L,ender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable I,aw requiren;�ent will satisfy the correspanding requirement under this Security Instrument. 16. Govexning Law; Severability; Rules of Construction. This Security Instrurnent shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law mi�ht explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrurnent or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provisipn. As used in this Security Instzument: (a) words of the masculine gender shall rnean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrurnent. 18. Trans�er of the Property or a Benet5cial Interest in Borrower. As used in this Section 18, "Interest in the Froperty" means any legal or beneficial interest in the Property, including, but noc limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. Xf all or any part of the Property or any Interest in the Property is sold or txansferred (or if Barrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without T.ender's prior written consent, L.ender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If I.,ender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 3Q days from the date the notice is given in accordance with Section 1S within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay thes� sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instruznent without further notice or demand on Borrower. 19. Borrower's Right to Reinstate At'ter Acceleration. If Borrower meets certain conditions, Borrower sha11 have the right ta have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale of the Property pursuant to axry power of sale contained in this Security Instrument; (b) such ather period as Applicable Law rnight specify for the terminatian of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. 'Ihose conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instnunent and the Note as if no acceleratian had occurred; @) cures any defaulc of any ather cpvenants or agreements; (c) pays all expenses incuned in enforcing this Security Instnunent, including, but not limited to, reasonable attozneys' fces, praperty inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) takes such action as T.,ender may reasanably require to assure that Lender's interest in the Froperty and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instnunent, shall continue unchanged. T.ender may require that Borrower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money arder; (c) certi�ed check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a fedcral agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Secnrity Instrument and obligations secured hereby NEBRASKA - Single Family - Fannie MaelFreddia Mac UNIFQRM INSTRUMENT �-6�NE) loettl Page 17 of 15 inn�eis:�� Fprm 3028 1/07 . � R��f,,� � .� , ',