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2o��v���� <br />'fhere may be only ane designated notice acldress under this Security Instz at any one time. Any <br />notice to Lender shall be given by delrvering it or by mailing it by first class mail to Lender's addres� <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 acCually <br />received by Lender. If any notice required by this Security Instrument is also required under Applicable <br />Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security <br />Instruxnent. <br />]b. Gaverning I�aw; Severability; Rules of Canstruction. This Security Instrument shall be <br />govern�d by federal law and the law of the jurisdiction in which the Property is located. All ri�hts and <br />ohli�ations contained in this Security Instrument are subject to any requirements and limitations of <br />Applicable Law. Applica�ile Law might explicitly or implieitly allow the parties tv agree by contract or it <br />might he silent, but such silence shal] not be construed as a prohihiti�n against agreement by contract. In <br />the event that any provision ar clause of this 5ecurity Tnstrument. or the Note conflicts with Applicable <br />Law, such conflict shall not aff�et other provisians of this Security InstrumenC or the Note which can be <br />given effect without the conflictin� provision. <br />As used in thi� Security Instrument: (a) words af the masculine gender shall mean and include <br />corresponding neuter word5 or worc3s of tl�e 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 obli�ation to <br />take any actian. <br />17. Sorrower's Copy. Borrower sha11 be given one copy of the Note and of this Security Instrument. <br />18. Transfer of the Property ar a Beneficiat Interest in Borrower. As used in this Section l8, <br />"Interest in the Property" rrzeans any lega� or beneficial interest in the Property, including, but not limated <br />to, those beneficia] interests transf'erred in a bond for deed, contract for deed, installment sales cantract or <br />escrow agreement, the intent of which is the transfer of title by Borrower at a future date ta a purcha.ser. <br />If all or any part of the Froperty or any Interest in the Property is sold or transFerred (or if Borrower <br />is not a natural perso�� and a beneficial interest in Sorrower is sold or transferred) without Lender's prior <br />written cansent, Lender may require lmmediate payment in full of all sums secured by this Security <br />Instrument. Hawever, this option shall n�t be exexcised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, Lender shall gzve Borrower notice of acceleration. Tt�e notice sliall <br />provide a period of not less than 30 dayti from the date the notice is given in accordance with Section 15 <br />within which Borrower must pay all sums secured i�y this Security Tnstrument. If Barrower fails tn pay <br />these sums prior to the expiration of this p�riod, Lender may invoke any remedies permitted by this <br />Seeurity lnstrument without further notice or demand on Sorrower. <br />19. Sorrower's Right to Reinstate After Acceleration. If Borrower rneets certain conditions, <br />Borrower shall have the right ta have enforceznent of this Security Instrument discontinued at any time <br />prior to the earliest of: (a) five days before sale of the Property pursuant to a�y power of sale contained in <br />this Security Instrum�nt; (b) sucli ather period as Applicable Law might specify for the termination of <br />�#orrower's right to reinstate; or (c) entry of a,judgrnent enforcing thi� Security Insta Those <br />coraditions 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 occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays a11 expenses incurred in enforcira� this Security Instrument, including, but not limited. <br />to, reasonable att.orneys' fees, property inspection and valuation fees, and other fees incurred for the <br />purpose of protecCing Lender's interest in the Property and rights under this Security Instrument; and (c�) <br />takes such action as Lender may reasonably require to assure that I.ender's interest in the Property and <br />rights under this Security Instrument, and Borrower' s obligatipn Co pay the sums secured by this Security <br />Instrument, shall continue unchanged. Lender 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; (h) money order; (c) <br />certified check, bank check, treasurer' s ch�.eck or cashier' s check, provided any such check is drawn upon <br />an insfitution whose deposits are insured by a federal agency, insCnunentality or entity; or (ci) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, this Security Instruxnent and obligations secured hereby <br />231030 <br />NEBRASKA - Single Family - Fannie Mael�reddie Mac UNIFORIN INSTRUM�NT (� <br />�-6(NE) �oeii} Pe�e it of 15 i������`- 3028 1/01 <br />m <br />