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201100098
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1/4/2011 4:44:03 PM
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1/4/2011 4:44:02 PM
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DEEDS
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201100098
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. <br />2oi�.000�s <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 mail to Lender's address <br />stated herein unless Lender has designated another address by notice tn F3orrower. Any notice in <br />connection with this Securiry Instrument shall not be deerned to have been given to Lender until actually <br />received by Lender. If any notice required by this Security Instrument i5 also requir�d under Applicable <br />Law, the Applicable �.aw requirement will satisfy the corresponding requirement under this Security <br />Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be <br />governed by federal 1aw and the law af the jurisdiction in which the Property is located. All ri�hts and. <br />obligations contained in this Security Instrument are subject to any requirements and lixnitations of <br />Applicable Law. Applicable Law might explicitly or implicitly allow the partie5 to agree by contract or it. <br />might be silent, but auch silence sk�all not be construed as a prohibition against agr�ement by contract. In <br />the event that any pravision or clause of this Security Instrument or the Note canflicts witla Applicable <br />Law, such conflict sha11 noi affect other provisions of this Security Tnstrument or the Note which can be <br />given effect without the conflicting provision. <br />As used in this Security Instruxnent: (a) words of the masculine gender shall mean and include <br />correspondin� neuter words or words of the feminine gender; (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 obligation to <br />take any action. <br />] 7. Barmwer's Copy. Borrower shall be given one copy of� the Note and of this Security Instrument. <br />18. Transfer af the Property or a Sene�cial Nnterest in Borrower. As used in this Section 18, <br />"Interest in the Property" rneans any le�a1 or beneficial interest in the Praperty, including, but not limited <br />to, those bene�cial interests transferred in a bond for deed, contract for deed, installxnent sales contract or <br />escrov�� a�reement, the intc;nt of which is the transfer of title by Borrower at a future date to a purchaser. <br />If all or any part of the Yroperty or any Interest in the Property is sold or transferred (or if Borrower <br />is not a natural person and a hene�cial inlerest in Borrower is sold or transferred) withouC Lender'� prior <br />written consenl, Lender ma�� require immediate payxzaent in full of all sums secured by this Security <br />Jnstrument. However, this opcion sha11 not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exerciseti this option, I,ender shall give Borrower notice of acceleration. The notice shall <br />provide a period of not 1ess than 30 days from the date tk�e notice is given in accordance with Section 15 <br />witk�in which Borrower must pay all sumti secured by this Securiry Instrurnent. If Borrower fails to pay <br />these sums prior to the expiration of thas period, Lender may invoke any remedies p�rmitted by this <br />Security Instruznent without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower m�ets certain conditions, <br />Sorrower shall have the right to have enforcement of this 5ecurity Instrument discontinued at any tune <br />prior to the earliest of: (a) five days befpre sale of the Property pursuant to any power pf sale contained in <br />this Security Instrument; (b) such other period as Applicable Law might specify for the termination of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrurnent. Those <br />conditipns are that Borrower: (a) pays Lender all sums which then would be due under this Security <br />Instrument and the Note as if no acceleratian had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expenses incurred in enforcing tk�is Security Tnstrument, includin�, but not liznited <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 reasanably require to assure that Lender's interest in the Property and <br />rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security <br />Tnstrument, shall continue unchanged. Lender may require that Borrowez pay such reinstatement sums and <br />expenses in one or more o£ the following forms, as selected by Lender: (a) cash; (b) mpney order; (c) <br />certified check, banlc check, treasurer's check ar cashier's ch�ck, provided any such check is drawn upon <br />an institution whose deposits are insured by a Federal agency, instrumentality or entity; ar (d) Electronic <br />Funds Transfer. Upon reinstatement hy I3arrower, this Security Instrument and obligatians secured hereby <br />231029 <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFpRM INSTRUMENT <br />�^s�N�) (0811) Page 11 of 15 i����sis: �, Farm 3028 1/D1 <br />� <br />
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