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2010n9653 <br />There may be only one designated notice address under this Security Instrument at any one time. Any <br />notice to I,ender shall be given by delivering it or by mailing it by first class mail to Lender's address <br />stated herein unless L.ender has designated another address by notice to Borrower. Any notice in <br />cannection with this Security Instrument shall not be deemed to have been given ta Lender until actually <br />received by Lender. If any notice required by this Security Instrument is also required under Applicable <br />Law, the Applicable Law requirernent will satisfy the corresponding requirement under this Security <br />Instrument. <br />16. Governing Law; Severability; Rules of Construction. 'fhis Security Instrument shall be <br />governed by federal law and the law af the jurisdiction in which the Property is located. All rights 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 the parties to agree by contract or it <br />rnight be silent, 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 Instrurnent or the Note conflicts with Applicable <br />Law, such canflict shall not affect other provisions of this Security Instrument or the Note which can be <br />given effect without the canflicting provision. <br />As used in this Security Instrument: (a) words af the masculine gender shall nnean and include <br />corresponding neuter words or words of the feminine gender; (b) words in the singulaz� shall mean 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 Security Instrument. <br />1$. Transfer of the Property or a Beneffclal Interest in Barrower. As used in this Section 18, <br />"Interest in the Property" means any legal or beneficial interest in the Property, including, buC not limited <br />to, those beneficial interests transferred in a band for deed, contract for deed, installment sales contract or <br />escrow agreernent, the intent of which is the transfer o� title by Borrower at a future date to a purchaser. <br />If all or any part of the Praperty or any Interest 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, I..ender may require immediate payment in full of all sums secured by this Security <br />Instrument, Howevcr, this option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If I,ender exercises this option, Lender shall give Borrower natice of acceleration. 'I'he notice shall <br />provide a period of not less than 30 days frorn the date the notice is given in accordance with Section 15 <br />within which Borrower must pay all surns secured by this Security Instrument. If Borrower fails to pay <br />these surns priar to the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrument without further natice or dsmand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower rneets certain canditians, <br />Borrower shall have the right to have enforcement of this Security Instrurnent 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 Security Instrument; (b) such other period as Applicable Law might specify for the terminatian of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those <br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security <br />Instrument and the Note as if no acceleration had occurr�d; (b) cures any d�fault af any other covenants or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited <br />Co, reasonable attorneys' fees, praperty 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 L.�nder may reasonably require to assure that I.ender's interest in the Property and <br />rights under this Security Instrument, and Borrawer's obligation to pay the sums secured by this Security <br />Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatem�nt 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, banlc 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 Instrurr�ent and obligations secured hereby <br />NEBRASKA - Single Family - F�nnie M�elFreddie Mac UNIFORM INSTRUMENT � <br />�-6(NE) loei i 1 Page 11 of 15 in�s�ais: � Form 3028 1/01 <br />' , ,.`ti <br />