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201009075
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Last modified
12/6/2010 3:31:36 PM
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12/6/2010 3:31:35 PM
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DEEDS
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201009075
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2oiooso7� <br />There may be only one designated notice address under this Security Instrument at any one tirne. Any <br />notice to Lender shall be given by delivering it �t by inailing it by �r5t c1a5s mail to Lender's address <br />stated herein unless Lender has de:�ignated another address by notice to Borrower. Any notice in <br />cc�nnection with this Security Instrument shall not he deemed to have been given to Lender until acivally <br />rcccived by Lendet. If any notiee required by this Security Instnuuent is also requited under Applicable <br />S�aw, the Applicablc Law requirement will satisfy the corresponding requirement under this Security <br />Instrument_ <br />16. Governing Law; SeverabiGty; Rules of Construction. 7'his Security Instnunent shall bc <br />governed hy federal law and lhe law of the jurihdiclic�n in which lhe Properiy is located. All righlti and <br />obligations contained in this Security In�trument are subject to any requirements and limitations of <br />Applicable Law. Applicable Law rnight explicitly or implicitly allow ihe parties to agree by conlract or it <br />might be silunl, bui �uch tiilence shall nol be construed ah a prohihition against agreement by contracL In <br />the event tlaat any provision or clause of this Security Tnstrument or the Note conflicts with Applicable <br />Law, such conflict shall not affect other prpvisions of this Sec;utity Inshument or the Noie which can be <br />given effe�t without the conflicting provision. <br />AS u5ed in this Sec:urily InstrurnenL (a) words of lhe masculine gender tihall mean and include <br />corresponding neuter words or words of the feminine gender; (b) words in the singnlar �hall mean and <br />include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to <br />take any acliun_ <br />17. Borrower's Copy. Borrowcr ahall be given one copy of the Note and of this Security Insirument. <br />18. Transfer of the Property nr a Beneficial Interest in Iiorrower. Ati used in lhis Seclic�n 18, <br />"Interest in the Property" means any legal or beneficial intcrc:st in the Property, including, but not limited <br />to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales conttact or <br />e5crow agreement, the intenl of which i�; thc lydntifer of tiCle by Sorrower at a future dale lo a purchascr. <br />If all ar any part of the Prppetty or any Interest in the Property is sold or transferred (ot if Borrower <br />is not a natural person and a beneficial interest in Borrower is sold or transfenred) without Lcndcr's prior <br />wr consent, Lender may require immediate payment in full ot all sums secured hy this 5ccurity <br />Instrument. However, this option shall not be exercised by Lender if such exercisc is prc�hihited by <br />Applicablc Law. <br />If Lender exercises this option, Lender shall give Borrower notice of accelcration. The notice shdll <br />provide a period af not less ihun 3(1 days from the date the notice is given in accordance with Section 1 S <br />within which Borrower nnust pay all sums secured by this Security Insttument. If Borrower fails to pay <br />these sums ptiot to the expitation of this period, Lender may invoke any remedies permitted by this <br />Seciu�ity Tnstrument without further nr�iice or demand can Bottower_ <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower rnects ccrtain conditions, <br />Borrower shall hdve the ri�hl lo have enPorcemenl of this Secur Instrument diticonlinued at any time <br />prior to the eazliest of: (a) �ve days bcfore sale of thc Praperty pursuani tu any power of salc contained in <br />lhis Security Instnunent; (b) such other period as tlpplicable Law might specify fc>t the terrnination of <br />Borrower'�; right lo reintilate; or (c) enlry of a jud�;ment enfe�rcin� this Security Inslrument. Thotie <br />conditions are that Borrower: (a) pays Lendet all sums which then wnuld be due under thi5 Security <br />Inslnunent and the Note as if no accelerationhad occutred; (b) cures any default of any other covenants c�r <br />a�reementti; (c) pays dll expenses incurred in enforcing lhin Security Intitrument, including, hul not limited <br />to, reasonable attorneys' fees, property inypection and valuation fees, and othet fees incurred for the <br />purpose of protccting Lender's interest in the Property and rights under this Security Instnunent; and (d) <br />takes such action as Lender inay rcasonably requiru to assure that Lender's interest in the Property and <br />righls under this Security Instnunent, and Borrowet's obligation to pay the sums secuted by this Secur <br />Insttument, shall continue unchanged. Lender may require that Bonower pay such reinstatEment sums and <br />expense� in one or mare of the following forms, as selected by Lender: (a) cash; (h) money order; (c) <br />eeriified check, bank check, treasurer's check or cashier's check, pravided any such check is drawn upnn. <br />an instihitic�n whose deposit:� ate insured by a federal agency, instrumenixlily or entity; or (d) F.lectronic <br />Funds Transfer_ Upvn teinstatement by Borrower, this Security Insttument and obligations secured heteby <br />NEBRASKA- Single Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT � <br />��(NE) �oa��� Page 11 of15 ini�iais ' � Form 3Q28 1I01 <br />
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