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201009563
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Last modified
12/21/2010 4:11:39 PM
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12/21/2010 4:11:38 PM
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DEEDS
Inst Number
201009563
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20100956� <br />There may be only one designated notice address under this Security Instnunent at any one time. Any <br />notice to Lender sha11 be given by delivering it or by mailing it by �rst class mail to Lender's address <br />stated herein unless I.ender 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 notic� required by this Security Instrurnent 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 Security Instrument sha11 be <br />governed by federal law and the law of the jurisdiction in which the Praperty is located. All xights and <br />obligations contained in this Security Instrument are subject to any requirements and limitations of <br />Applicable Law. Applicable Law might explicitly or implicitly allow tl�e parties to agree by contract or it <br />rnight be silent, but such silence shall nat be construed as a prohibition against agreernent 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 Instrun�t or the Note which can be <br />given effect without the conflicting provision. <br />As used in this Security Instiument: (a) words of the masculine g� shall meazi az�d i��e <br />corresponding neuter words or words of the feminine gender; (b) words in the singulaz shall mea�i and <br />include the plural and vice versa; and (c) the ward "may" gives sole discretion without any obiigation to <br />take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instruir�ent. <br />1$. Transfer of the Property or a Bene�icial Interest in Borrower. As used in this Section 1$, <br />"Interest in the Property" means any legal or beneficial interest in the Praperty, including, but noC limited <br />ta, those beneficial interests transferred in a band for deed, contract for dced, installment sales contaract or <br />escrow agre�ment, the intent af which is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any part of the Property ar any lnterest in the Property is sold or transferred (or if Borrower <br />is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior <br />written consent, Lender may require immediate payznent in full of all sums secured by this Security <br />Instrument. However, this option shall not be exercised by �,ender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this aption, Lender shall give Borrower notice of acceleration. The notice sha11 <br />provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 <br />within which Borrower must pay all sums secured by this Security Instnunent. If Borrower fails to pay <br />these swns prior to the expiration of this period, Lender may invoke any remedies pernutted by this <br />Security Instrument without further notice or demand on Barrnwer. <br />19. Borrower's Right to Reinstate After Acceleratian. If Bonawer meets certain conditions, <br />Sorrower shall have the right to have enforc�ment af this Security Instrument discontinue� at any trme <br />prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in <br />this Security Instrurnent; (b) such other period as Applicable Law might specify fo;r the tennination of <br />Borrower's right to reinstate; or (c) entry af a judgment enforcing this Security Instrurt�ent. 'Thc�se <br />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) cuxes any default of any other covenants or <br />agreements; (c) pays all expenses incuned in enforcing this Security Ianstiw�nent, including, but not limited <br />to, reasonable attorneys' fees, property inspection 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 Lender may reasonably require ta assure that I.ender's intex'est in the Praperty and <br />rights under this Security Instrument, and Barrawer's obligation to pay the sums se�ured by this Security <br />Tnstrument, shall continue unchanged. Lender may require that Barrower pay such reinstaternent sums and <br />expenses in one or more of the following farms, as selected by �,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 insured by a federal agency, instrumentality or entity; or (d) Electronic <br />Punds Transfer. Upon reinstatement by Boz�rower, Chis Security Instnunent and obligations secured hereby <br />NEBRASKA - 5ingle Family - Fannia Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-6(NE) �oa�it Page 11 of 15 �n�na�s: Form 3028 7/p9 <br />� �� <br />�� ii� � aij��,� �.� <br />
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