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2oioos9�2 <br />There may be only one designated notice address under this Security Instrument at any one time. Any <br />notice to L.ender shall be given by delivering it or by rnailing it by �rst class mail to Lender's address <br />stated herein unless L.ender has designated another address by notice to Borrower. Any notice in <br />connection 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 Tnstrument is also required under Applicable <br />Law, the Applicable Law requirezne:nt will satisfy the corresponding requirernent under this Security <br />Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be <br />govemed by federal law and the law of the jurisdiction in which the Property is located. All rights and <br />obligations contained in this Security Instrument are subject to any requirements and limitations of <br />Applicable Law. Applicable Law rnight explicitly or implicitly allow the parties ta agree by cantract oz' 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 I;nstz�ucr►ent or the Note conflicts with Applicable <br />L.aw, such conflict shall not affect other provisions of this Security Instrument or the Note which can be <br />given effect without the conflicting provision. <br />As used in this Security Instrucnent: (a) words of the nnasculine gender shall ir�can and include <br />corresponding neuter words or words of the ferninine gender; (b) words in the singulaz sha11 mear� 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. Borrower shall be given one copy of the Note and of this Security Instrurnent. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, <br />"Interest in the Property" means any legal or bene�cial interest in the Property, including, but not limited <br />to, those beneficial interests transferred in a bond for deed, c�ntract for deed, installment sales contract or <br />escrow agreernent, the intent af which is the transfer of title by Barrower 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 transferred (or if Borrower <br />is not a natural person and a beneficial interest in Borrower is sold or transferred) without �.,ender's prior <br />written cansent, Lender rnay require immediate payrnent in full of all sums secured by this Security <br />Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable L,aw. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a period of not less than 30 days from the date tJ�e notice is given in accordance with Section 1 S <br />within which Barrower must pay all surns secured by this Security Instrurnent. If Borrower fails to pay <br />these sums prior to the expiration af this period, Lender may invoke any remedies pernutted by this <br />Security Instrument without further notice or demand on Borrower. <br />1.9. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br />Borrower sha11 have the right to have enforcernent af this Security Instrument discontinued at any time <br />prior to the eazliest of: (a) �ve days before sale of the Property pursuant to any power of sa1� contained in <br />this Security Instrument; (b) such other period as Applicable Law rnight specify for the termination of <br />Borrower's right to reinstate; or (c) entry af a judgment enforcing this Security lnstnun�ent. Those <br />conditions are that Bonower: (a) pays Lender all swns which then would be due under this Security <br />Instnunent and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agreernents; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not lirnited <br />to, reasonable attorneys' feES, properry inspection and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in the Froperty and rights under this Security Instrument; and (d) <br />takes such action as Lender may reasonably require to assure that Lender's interest in the Property and <br />r�ghts under this Securiry Tnstrument, and Borrower's obligation to pay the sums secured by this Security <br />Instrument, sha11 continue unclxanged. Lender may require that Borrower pay such reinstatement surns 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 upon <br />an institution whose deposits are insured by a federal agency, instn�entality or entity; ar (d) Electronic <br />Fwnds Transfer. Upon reinstatement by Borrower, this Security Instnunent and obligations secured hereby <br />NEBRASKA - Singie Family - Fannie Mae/Freddie Mac UNIFQRM IN5TRUMENT <br />�-61NE) loaitl Page 71 of 15 in�c�eis: Porm 3028 �/�� <br />� <br />, �,� � a� s� �"' ;� .i �� <br />