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201009487
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Last modified
1/11/2011 2:30:23 PM
Creation date
12/20/2010 4:24:20 PM
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DEEDS
Inst Number
201009487
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�01009��� <br />There may be only one designated notice address under this Security Instrument at any one time. Any <br />natice to Lender shall be given by delivering it or by mailing it by �rst class mail to Lender's address <br />stated herein unless Lender has designated anather address by notice to Borrower. Any notice in <br />connection with this Security Instrument shall not be deerned to have been given to Lender until actually <br />received by Lender, lf any notice required by this Security Instrument is also required under Applicable <br />Law, the Applicable Law requirement will satisfy the carresponding requirement under this Security <br />Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be <br />govern�d by federal law and the law of the jurisdiction in which the Property is lacated. All rights and <br />obligations contained in this Security Instrument are subject to any requirements and limitations of <br />Applicable Law. Applicable I,aw rnight explicitly or implicitly allow the parties to 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 ar clause of this Security Instrurnent or ihe Note conflicts vvith Applicable <br />Law, such conflict shall not affect other provisians of this Security Instrument or the Note which can be <br />given effect without the cvnflicting provision. <br />As used in this Secuarity Instrument: (a) words af the masculine gender sha11 mean and include <br />corresponding neuter words or words of the ferninine gender; (b) words in the singular shall �i 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 Secuxity Instrurnent. <br />�8. Transfer of the Property ar a Bene�cial Interest in Borrower. As used in this Section 18, <br />"Interest in the Property" means any legal or beneticial interest in the Property, including, but not lunited <br />to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract ar <br />escrow agreement, the intent of which is the transfer of title by $arrower at a future date to a purchaser. <br />If a11 or 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 beneficial interest in Barrower is sold or transferred) without Lender's prior <br />written consent, Lender may require immediate payment in full of all sums secured by this Security <br />Instnunent. However, this option shall not be exercised by I..ender if such exercise is prohibited by <br />Applicable Law. <br />Tf Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall <br />provide a period of not less than 30 days frorn the dat� the notice is given in accordance with Section 15 <br />within which Borrower must pay all sums secured by this Secwnity Instrument. If Borrower fails to pay <br />these sums prior to the expiratian af this period, Lender may invoke any remedies pernutted by this <br />Security Instrument without further notice or dernand on Borrower. <br />19. Barrower's Right to Reinstate After Acceleration. If $orrower xneets certain conditions, <br />Bonower shall have the right to have enforcement of this Security Instrument discontinued at any tirne <br />prior to the earliest of: (a) five days before sale of the Frope�ty pursuant to any power of sale contained in <br />this Se�curity Instzument; (b) such other period as Applicable Law mighC specify for the ternunation of <br />Borrower's right to reinstate; or (c) entry of a judgrnent enforcing this Security InstruYr�nt. Those <br />c�nditions are that Bozxower: (a) pays L,�nder 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 of any ot�aer covenants ar <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrumex�t, including, but not lirnited <br />to, reasonable attorneys' fees, property inspection and valuation fe�s, and other fees incurred for the <br />purpose of protecting Lender's interest in the Praperty and rights under this Security Instnunent; and (d) <br />takes such action as L.ender nnay reasonably require to assure that Lender's interest in the Property and <br />rights under this Security Instrument, and Borrower's abligation to pay the swns secured by this Security <br />Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forms, as selected by I..ender: (a) cash; (b) rnoney 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 insuretl by a federal agency, instrumentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, this Security Tnstrument and obligation�s secured hereby <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-61N�) 108tt1 Page 11 of 15 �nitials: Form 3028 1/O1 <br />� <br />;y � �§' • <br />`r .. <br />
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