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201009488
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Last modified
12/20/2010 4:24:46 PM
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12/20/2010 4:24:45 PM
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DEEDS
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201009488
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�oioos��� <br />There rnay be only one designated notice address under this Security Instrument at any one time. Any <br />notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address <br />stated herein unless Lender has designated another address by notice to Borrower. Any notice in <br />connection with this Security Instrument shall not be deemed to have becn given to Lender until actually <br />received by Lender. Jf any notice required by this Security Instrument is alsa required under Applicable <br />Law, the Applicable Law requixement will satisfy the corresponding requirernent under this Security <br />Instrument. <br />16. Governing Law; Severability; Rules of Construction. 1'his Security Instrument shall be <br />governed by federal law and the law of the jurisdiction in which the Property is located. All rights and <br />obligations contained in this Security Instnunent are subject to any requirements and limitations of <br />Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract ar it <br />rnight be silent, but such silence shall not be construed as a prohibitian against agreement by contract. In <br />the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable <br />Law, such conflict shall not affect other provisions of this Security Instruir�ent ar the Note which can be <br />given effect without the conflicting provision. <br />As used in this Security Instrument: (a) words of the masculine gex�dex shall mea�a and ix�clucle <br />corresponding neuter words or words of the feminine gender; (b) words in the singular shall rnean and <br />include the plural and vice versa; and (c) the word "rnay" gives sole discretion without any obligatian to <br />take any action. <br />17. Borrower's Copy. Borrawer shall be given one copy of the Note and of this Security Inst�unient. <br />1$. Transfer of the Property or a Beneficial �nterest in Borrower. As used in this Se�tion 18, <br />"Interest in the Property" means any legal or bene�cial interest in the Property, including, but not limited <br />to, Chose beneficial interests transferred in a bond for de�d, contract for dced, installment sales contract ar <br />escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any part of the Property or any Interest in the Property is sald or transferred (or if Bonower <br />is not a natural person and a bene�cial ianterest in Borrower is sold or transferred) without Lender's prior <br />written consent, T.,ender rnay require immediate payment in fitll of all sums secured by this Security <br />Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, L,�nder shall give Borrower notice of acceleration. The notice shall <br />provide a period of not less than 30 days frorn the date the notice is given in acr.ordance with Section 15 <br />within which Borrower must pay all sums secured by this Security Instrurnent. If Borrower fails to pay <br />these sums prior to the expiration of this period, L�nder may invoke any rernedies pemutted by this <br />$ecurity Instrument without further notice or dernand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br />Borrower shall have the right to have enfarc.etnent of this $ecuriry Instrument discontinued at any time <br />prior to the earliest of: (a) five days before sale of the Propez�y pursuant ta any pawer of sale cantaine� in <br />this Security Instrument; (b) such other period as Applicable Law might specify for the temunatian of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. '�'hose <br />conditions aze that Borrower: (a) pays I.ender all sums which then would be due under this Security <br />Instrurnent and the Note as if no acceleration had accurred; (b) cures any default of any other cavenants or <br />agreernents; (c) pays a11 expenses incurred in enforcing this Security Instrument, including, but nat limited <br />to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the <br />pwrpose of pratecting Lender's interest in the Property and rights under this Security Instrument; and (d) <br />takes such action as Lender may reasonably require to assuxe that Lender's interest in the Property and <br />rights under this Security Instrurnent, and Borrower's obligation to pay the swns secured by this Security <br />Instrument, shall continue unchang�d. Lender may reyuire that Barrower pay such reinstatement surns and <br />expenses in one or more of the follawing forms, as selected by Lender: (a) cash; (b) rnoney order; (c) <br />certified che�k, 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, instrumentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFpRM INSTRUMENT <br />�-6�NE) �ost i 1 Page 1 � of 15 i��cisis: �W Form Sp28 1/01 <br />� �' � !.� �� 1� � r x � <br />v <br />
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