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201008791
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Last modified
11/24/2010 4:05:11 PM
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11/24/2010 4:05:10 PM
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DEEDS
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201008791
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2U1008791 <br />Tl�ere may be only one designated notice address under this Security I.nstrument at any one time. Any <br />notica to Lender shall be given by delivering it or by mailing it hy first class mail to Lender's address <br />stated herein unless Lender has designate� another address by notice to Borrower. Any notice in <br />connection with this Security Instrument shall not be deerned to hava been given to Lender until actually <br />received by I..ender. If any notice required by this Security Instrument is also requir� under Applicable <br />Law, the Applicable Law requirement will satisfy the corresponding requrrement under this Security <br />Insmunent. <br />16. Governing Law; 5everabilfty; Rules of Canstruction. This Security Instrument shall be <br />governed by federal law and th� law of the jurisdictian in wluch the Property is located. All rights az►d <br />oblrgations contained in this 5ecurity Tnstrument are subject to any rec�uirements and limitations of <br />Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it <br />might bc silent, but such silence shall not be construed as a prohihition against agreement by contra�t. In <br />the event that any provision or clause of this Security Instrument �r the Note conflicts with Applicable <br />L,aw, such conflict shall not affe�t other provisions of this Security insirument or the Note 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 gender; (b) words in the singular shall xraean and <br />include the plural and vice versa; and (c) the word "may" gives sole drscretion without any obligation ta <br />take any action. <br />17. Borrawer's Copy. Sorrower shall ba given one copy of the Note and of this Security Instrument. <br />l8, Transfer of t6e Property or a Beneficial Interest in Borrower. t�s used in this Section 1$, <br />"Interest in the Property" means any legal or beneficial rnterest in the Properiy, �ncluding, but not limited <br />to, those beneficial interesis transferred in a bond for deed, contract for deed, installrnent sales contract or <br />escrow agreement, the intent af whrch is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any part af the Property or any interest rn the Property is sold or transferred (or if Borrower <br />is not a natural person and a beneficial interest in Borrower is sold or transferxed) without Lender's prior <br />written consent, Lender may require rrnmediate payment in full of all sums secured by this Security <br />Instrurnent. However, this option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this �ption, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a periad af not less than 30 days frorn the date the notice is given in accordanca with Section 15 <br />within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay <br />these sums prior to the expiration of this period, Lender rnay invoke any remedies peimitted by this <br />Security Instrument without Further notice or demand on Sorrower. <br />l9. Bnrrower's Right to Reinstate After Acceleration. If Bonrower rneets ceatain conditions, <br />Borrower shall have the right to have enforcement of this Security Instrument discontinued at any tirt►e <br />prior to the earliest of: (a) C days before sale of the Property pursuant to any power of sale contained in <br />this Security Instrument; (h) such other period as Applicable Law might spe�ify for the termination of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this 5ecurity Instrument. Those <br />condrtions are that Borrower: (a) pays Lender all sums which then would be due under this Se�urity <br />Inshwn.ent and the Note as if no acceleration had occurred; (b) cures any default of any other cavenants or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but nat limited <br />to, reasonabie attorneys' fees, property inspection and valuation f�es, and other fees incw�red for the <br />purpose of protecting Lender's inte:rest in the Property and rights under this S�urity Instrument; and (d) <br />takes such action as Lender may reasonably require to assure that Lender' s rnterest in the Property and <br />rights under this Security Instrument, and Borrower's obligation to pay tha sums secured by this Security <br />Insirt�nent, shall continue unchanged. Lender may require that Borrower pay such reinstatemez►t surns and <br />expenses in or�e or mare of the following forms, as selected by Lender: (a} cash; (b) money order; (c) <br />certified check, bank check, treasurer's check or cashrer's check, provided any such che�k is drawn upon <br />an institution whose deposits are insut'e�i by a federal agency, instrumentality or entity; or (d) �lectronic <br />Funds Transfer. Upon reinstatemetrt by Sorrower, this 5ecurity Instrument and obligations secured hereby <br />shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not <br />apply in the case of acceleration under Section 18. <br />2200072053 D v6ANE <br />Nk�RASKA - Singla Family - Fannie MaeJFreddle Mac UNIFpRM IN5TRUMENT WffH MER$ � <br />�-BA�N� loetol Pega 11 of 15 i��t�ais:� Form 302$ 1I01 <br />(R) <br />
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