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201008851
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Last modified
1/11/2011 1:42:34 PM
Creation date
11/29/2010 3:59:34 PM
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DEEDS
Inst Number
201008851
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2 0�oass5i <br />There may be only one designated notice address under tbis Security Instruraent at any one time. Any <br />notir� to I,ender shall be given by delivering it or by mailing it by �rst alass mail to Lender's addtess <br />stated herein unless Lender has designated another address by noticE to Barrower. Any notice in <br />conne�tion with this Security Instniment sb.all not be deemed to have been given to I.ender until actually <br />received by Lender. If any notice required by this Security Instivment is also required under Applicable <br />Law, the Applicable Law requirement will satisfy the cornesponding requirement under this 5ecurity <br />Instrument, <br />16. Govetnipg Law; Severability; Rules uf Construction. This Security Instrumeut shall be <br />governed by federal law and the law of the jurisdiction in which the Property is located. All rights and <br />obligationx contained in this Security Instrument are subject to any requirements and limitations of <br />Applicable Law. Applicable Law might eaplicitly or implicitly allow the parties ta 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 provision or clause of this Security Instrutnent or the Note conflicts with Applicable <br />Law, such conflict shall not affect ather provisions of this Security Instrument or the Note which can be <br />given effect withaut the conflictin� 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 gendsr; (b) words in the siz�gular shall raean and <br />inolude the plural and vice versa; and (c) the word "may" gives sale discretion without any obligation to <br />take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. <br />1$. Transfer of the Froperty or a Seneficial Interest in Borrower. As used in this Section 18, <br />"Interest in the Ftoperty" means any legal or bene�icial interest in the Property, includi.ng, but not lirnit�i <br />to, those beneficial interests transferred in a bond for deed, contract for deed, inscallment sales contract or <br />esnrow agreement, the intent of which is the transfer of Citle by Borrower at a future date to a purchaser. <br />If a11 ar any part of the Property or any Interest in the Property is sold or transferre� (or if Borrower <br />is not a natural person and a bene�icial interest in Borrower is sold or transferre�d) without Lender's prior <br />written consent, Lender may require imme�cliate payment in full of all sums secured by this Security <br />Instrument. However, ihis option shall not be exercis� by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, J ender shall give Borrower notice of acceleration. The notice shall <br />provide 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 surns secured by this Security Instrument. If Borrower fails to pay <br />these sums prior ta 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. Sorrower's Right to Reinstate Atite�r Acceleratfon. If Borrawer meets certain canditions, <br />Borrower shall have the right to have enforcement of ttus Security Instrument discontinued at any time <br />prior to the earliest of: (a) five days before sale of ihe I'roperty pu.rsuant 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 reinstaCe; or (c) entry of a judgment enforcing this Security Instrument. Those <br />canditions are that Borrower: (a) pays Lender all sums which then would be due under this S�curity <br />Instrument and the Note as if no accelerarion had occurr�; (b) cures any default of any other cavenants ar <br />agreements; (c) pays all expe�ases incurred in enforcing this Security Instivment, including, but not limited <br />to, reasonable attanp�eys' fees, property inspection and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) <br />takes such action as I.,ender Ynay reasonably require to assure that Lender's interest in the Property and <br />rights under this Security Instrument, and Borcower's obligation to pay the sums secured by this Security <br />Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and <br />expens�,s in one or more af the following fornis, as selected by Lender: (a) cash; (b) money order; (c) <br />certi�ed check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon <br />an institutian whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic <br />F�tnds Trausfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hcreby <br />NEBRA$KA - Single Family - Fannis Mas/Frsddis Mao UNIFORM INSTRUMENT <br />�-8(NE) �oai n Pepa 11 of 18 Initiala: FOr'm 302$ 1/01 <br />:i(17tlilr'��,'� <br />
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