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201009706
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Last modified
12/27/2010 4:22:54 PM
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12/27/2010 4:22:53 PM
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DEEDS
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201009706
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2o�oos�ov <br />There may be only one designated noCice address under this Secwrity Instrument at any one time. Any <br />notice to I..ender shall be given by delivering it or by nnailing it by �rst class mail to Lender's address <br />stated herein unless Lender has designated another address by notice to Borrawer. Any notice in <br />connection with this Secu�ity Instruanent shall not be deemed to have been given to I.ender until actually <br />received by Lender. If any notice required by this Security Instruinent 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. This Security Instrument shall be <br />goverr►ed by federal law and the law of the jurisdiction in which the Properiy is located. All rights and <br />obligations contained in this Security Instrument are subje�t to any requirements and limitatians of <br />Applicable Law. Applicable Law nnight explicitly or implicitly allow the parties to agree by conCract 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 or clause of this Security Instrument or the Note conflicts with Applicable <br />Law, such conflict shall not affect other provisions af this Security Instnunent or the Note which can be <br />given effect without the conflicting provision. <br />As used in this Security Instcurnent: (a) words of the rnasculine gender shall rtyean ar�d include <br />corresponding neuter words or words of the feminine gender; (b) words in the singular sha11 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 Instx�rnent. <br />18. 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 beneficia.l interest in the Property, including, but not limited <br />to, those beneficial interests transferred in a bond for de�d, cantract for deed, installment sales contract or <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 af the Property or any Interest in the Property is sold ar transferred (ar if Borrower <br />is not a natural person and a bene£icial interest in Borrawer is sold ar transferred) without Lender's prior <br />wx'itten consent, I.ender may require iincxiediate payment in full of all surns secured by this Security <br />Instrurnent. However, thzs option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of ac�eleration. The notice shall <br />provide a period of not less than 30 days from the date the notice is given in accordancF; with Section 15 <br />within which Borrower must pay all sums secured by this Security Instnunent. If Borrower fails to pay <br />these sums prior ta the expiration of this period, Lender may invoke any remedies permitted by this <br />Security lnstrument without further natice ar demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain r.onditians, <br />Borrower shall have the right to have enforcement af this Se�urity Instrument discontinued at any ti�e <br />prior to the earliest of: (a) five days before sale af the Property pursuant to any power of sale contai�d in <br />this Security Instrurnent; (b) such other period as Applicable Law might specify for the te�on of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instnunexrt. Tl�se <br />conditions are that �ozrower: (a) pays Lender all surns which then would be due under this Se�y <br />Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenauts �or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not iimi�d <br />to, reasoanable attorneys' fees, property inspection and valuation fe�s, 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 znay reasonably require to assure that Lender's interest in the Property and <br />rights under this Security Instrument, ax►d Boz�rower's obligation to pay the sums secured by this Security <br />Instrurnent, shall continue unchanged. Lender may require that Borrower pay such reinstatement surns and <br />expenses in one or more of the following forms, as selected by Lender: (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 />Funds Transfer. Upon reinstateznent by Borrowear, this Security Instrurnent and obligations secured hereby <br />IVEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTHUMENT <br />�-B�N �(0811) Page 11 of 15 Initials: <br />� <br />Form 3028 1 /01 <br />, � o . <br />� <br />� <br />
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