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201008945
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12/1/2010 3:18:23 PM
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12/1/2010 3:18:23 PM
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DEEDS
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201008945
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201008945 <br />10781843. <br />mailed by first class mail or when actually delivered to Horrower's notice address if sent by other means, Natice to any one <br />Borrower shall constitute norice to all Borrowers unless Applicable Law expressly requires otherwise. The natice address shall <br />be ths �'roperty Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall <br />prqmptly notify Lender of Borrower's chang6 of address. If Lender speci�es a pracedure for reporting Borrower's change nf <br />address, then Borrower shall only report a change of address throu�h that speci�sd procedure. There may be only one <br />designated notice address under this Security Instrument at any ono time. Any notice to �ender shall be given by delivering it <br />or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by natice to <br />Borrower, Any notice in cannection with this Security Instrument shall not be deemed to have been given to Lender until <br />actually received by Lender. If any notice required by this Security Instrurnent is alsa requixed under Applicable Law, the <br />Applicable Law xequirement will satisfy the corresponding requirernent und�r this Security Instrument. <br />l6. Gaverning Law; Severability; Rales af Construction. This Security Instrumant shall be governed by fedaral <br />law and the law of the jurisdiction in whfch the Property is lacated. All rights and obligations contained in this Security <br />Instrumcnt are subject ta any requirements and limitations pf Applicable Law. Applicable Law mi�ht explicitly or implicitly <br />allow the parties ta agree by contract or it might be silent, but such silence shall not be canstrued ati a prohibition a�xinst <br />agreement by contract. In the event that any provision or clause of this Security Instrurnent or the Note conflicts with <br />Applicable Law, such conflict shall not affect other provisions of this Security Instru.ment or the Note which can be given <br />effect without the canflicting provision. <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter <br />woxds or words of the feminine gender; (b) words in thc singular shall mean and include the plural and vice versa; and (c) the <br />word "may" �ives sole discretion withaut any obligstio� to take any action, <br />17. Borxower's Copy. Borrower shall be given one copy af thc Note and of this Security Instrument. <br />18. Tran$fer of the Property p�r a Beneflcial Interest in Borrower. As used in this Section 18, "Interest in the <br />Property" means any legal or ben,eficial interest in the Froperty, including, but not limited to, those bene�cial interests <br />transferred in a bond for deed, contcact for deed, installment sales.contract or escrow agreement, the intent of which is the <br />transfer of titls by Borrower at a future date to a purchaser. <br />Tf all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural <br />person and a beneficial intcrest in Borrower is sold or transferred) without Lender's prior written consent, T�ender rnay require <br />immediate payrnent in full of all sums secured by this Security Instrument. Hnwcvcr, this option shall nat be exercised by <br />Lender if such exercise is prohibited by Applicable I.aw. <br />If Lender exercises this option, Leisder shall give Borrower natice of acceleration. The notice shall prpvide a period of <br />not less than 30 days from the date the notice is given in accordanca with Section 1 S within which Borrowar must pay all sums <br />secured by this Security Instrument. If Borrower fails to pay these sums prior to. the expiration of this periad, �.ender may <br />invake any remedies permitted by this Security Instrument without further notice or demand on Borrower. <br />19. Bowrower's Right ta Reinatate After Acceleration. If Borrowcr rncets certaan conditions, Borrower shall have <br />the right td have enforcement of this Security Instrument discontinued at any time prior to the earliest af: (a) five days before <br />sale of the Property pursuant to any power of sale contained in this Security Ynstrument; (b) euch other period as Applicable <br />Law might specify for the termination of Bprrower's right to reinstate; or (c) entry of a judgment enforcing this Security <br />Instrument. Thase conditions are that Borrower: (a) pays I,ender all sums which.then would be due under this Security <br />Instrument and the Note as if no acceleration had occurred; (b) cures any default af any other covenants or agrecments; (c) <br />pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpnse of protecting Lender's interest in the Property <br />and rights under this Security Insfrument; and (d) takes such action as Lender may reasonably require to assure that Lender's <br />interest in the Praperty and rights under this Securiry Instrument, and Borrower's obligatian to pay the sums secured by this <br />5ecurity Instrument, shall cantinue unchanged. Lender may require that Borro�uver pay such reinstatement sums and cxpenses in <br />one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certi�ed check, bank check, <br />kreasurer's check or cashier's check, provided any such check is drawn upon an inatitution whose deposits are insured by a <br />federal agency, instrumentality ar entity; or (d) Elactronic Funds Transfer. Upon reinstatement by Borrawer, this Security <br />Instrument and obligatiuns secured hsreby shall remain fully effecdve as if no acceleration had occurrcd. However, this right to <br />reinsta.te shall not apply in the case of accolsration under Scction 1$. <br />Z0. Sale of Note; Change af Loan Servicer; Notice of Gwievance. Thc Nate or a partial interest in the Note (together <br />with this Security Instrument) can be sold one or more times without prior natice to Borrower. A sale might result in a change <br />NEBRA$1CA--Single Famity—Frnn(e Mae/Freddie MAC UNiFORM 1N3TRUMENT <br />� 338.2 Page 9 of 12 <br />Form 30Z81/Ol <br />) �� <br />Y � �� � � F <br />
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