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201009491
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Last modified
1/11/2011 1:58:16 PM
Creation date
12/20/2010 4:25:34 PM
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DEEDS
Inst Number
201009491
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�01�09491 <br />There may 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 rnail 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 been given to Lender until actually <br />received by Lender. If any notice requiared by this Security Instrument is also required under Applicable <br />Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security <br />Instrument. <br />16. Governing Law; Severability; Rules of Construction. This 5ecurity Instrument shal] be <br />governed by federal law and Che law of the jurisdiction in which the Prpperty is located. All rights and <br />obligations contained in this Security lnstrument are subject to any requirements and limitations of <br />Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it <br />might be sil�nt, 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 Instrument or the Note conflicts with Applicable <br />Law, such conflict shal] not affect ather provisions of this Security Instrument or the Note which can be <br />given effect without the conflicting provision. <br />As used in this Security Instrum�nt: (a) wards of the masculine gender shall mean and include <br />corresponding neuter words or words of the feminine gander; (b) words in the singular shall mean and <br />include the plural and vice versa; and (c) the word "may" gives sole discretion without any obli�ation ta <br />take any action. <br />17. Borrower's Copy. Boxrower shall be given os�e copy of the Note and of this Security Instrument. <br />18. Transfer of the Property or a Seneficial Interest in Borrower. As used in this Section 18, <br />"Interest in the Property" means any legal or ben��cial interest in the Property, includin�, but not lirnited <br />to, those bene�cial interests transferred in a band for deed, contract for deed, installment sales contract or <br />escrow agreement, the intent of which is the transfez of title by Borrower at a future date to a purchaser. <br />If al1 or any part of the Property or any Interest in the Property is sold or transferred (or i£ Borrower <br />iti not a natural persan and a beneficial interest in Borrower 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 />Instrument. However, this option shall not be exercised by Lender if such exercise i5 prohibited by <br />Applicable Law. <br />If Lender exercises thiti optian, Lender sha11 give Borrower notice of acceleration. The notice shall <br />provide a period of not Iess than 30 days �rom th� date the notice is given in accordance with Section 15 <br />within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay <br />these sums prior to the expiration of this period, Lender nnay invoke any remedies permitted by this <br />Security Instrurnent without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Barrower meets certain conditions, <br />Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time <br />prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in <br />this 5ecurity Instrument; (b) such other period as Applicable Law might specify fpr the termination of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcin� this Security Instrument. Those <br />canditians are that Barrower: (a) pays Lender all sums which then would be due under this Security <br />Instrument and the Npte as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agreexnents; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited <br />to, reasonable attorneys' fees, praperty inspectipn and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) <br />takes such action as �,ender may reasonably raquire to assure that Lender's interest in the Property and <br />rights under this Security Instruament, and Bozrower's obligation to pay the sums secured by this Security <br />Instniment, shall continue unchanged. I.ender may require that Borrower pay such reinstatement sums 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, instrurnentality or entity; or (d) Electronic <br />Funds �I"ransfer. Upon reinstatement by Boz this Security Instrumant and obligations secured hereby <br />230986 <br />NEBRASKA - 5ingle Family - Fannie MaelFreddie Mac UNIFORM INSTRUMEN7 A � <br />�-6(N�) (0811) Page 11 of 15 Initials � 1`� Form 3028 1101 <br />� <br />
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