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201100197
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Last modified
1/11/2011 2:35:11 PM
Creation date
1/11/2011 1:12:28 PM
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DEEDS
Inst Number
201100197
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�o�ioo��� <br />There may be only one designated notice address under this Security Instrument at any one tizne. Any <br />notice to Lender sha11 be given by delivering it or by mailing it by �r5t class mail to Lender's address <br />stated herein unless Lender ha5 designated another address by notice to Borrower. Any notice in <br />connection with this Security lnstrument shall not be deemed to have been given to 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 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 />goverz�ed by federal law and the law of 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 iznplicitly allow the parties to a�ree by contract or it <br />might be silent, but such silence shall noi be construed as a prohibition against agrcement by contract. In. <br />the event that any provision or clause of this Security Instrument or the Note conflicts with App1icable <br />Law, such conflict shall not affect other provision5 of this Security Instrument or the Note which can be <br />given effect without the conflicting provision. <br />As used an this Security Instrument: (a) words of the masculine gender shall rnean and include <br />corresponding neuter words or words of the feminine gander; (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 tc� <br />take any acCion. <br />17. Sorrower's Copy. Sorrower shall be given one copy of the Note and of this Security Instrument. <br />18. Transfer of the Property or a Bene�cial Interest in So�'rawer. As used in this Section 18, <br />"Interest in the Paroperty" means any legal or bene�cial interest in the Property, including, but not limited <br />to, those beneficia] interests transferred in a bond for deed, contract. for deed, installment sal�s 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 of the Property or any lnterest in the Property is sold or transferred (or if Borz <br />is not a natural person and a beneficial interest in �rrower is sold or transferred) without Lender's prior <br />written consent, L�nder may require imrnediate payment in full of all sums secured by this Security <br />Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exerciseti this option, Lender shall give Boreower notice of acceleration. The notice shall <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 Instrument. If Borrower fails to pay <br />these �ums prior to the expiration of this period, Lender may invoke any remedies peaxxiitted by this <br />5ecurity Instrument without further notice or demand an Eorrower. <br />19. Sorrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br />Borrower shall have the right to have enforcement of this 5ecurity Instrument discontinued at any time <br />prior to the eariiest of: (a) five days beFore sale of the Property pursuant to any power of sale contained in <br />this Security Instrument; (b) such othar 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 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 occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited <br />to, reasonable atcorneys' fees, property inspection and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in th� ProperCy and rights under this Security Instrument; and (d) <br />takes such action as Lander rnay reasonably require to assure that Lender's interest in the Property and <br />rights under this 5ecurity Instrument, and Borrower's obligation to pay the sums secured by this Security <br />lnstrument, shall continue unchanged. Lender may require that Barrower pay such reinstatenient sums and <br />expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) <br />certi�ed check, bank check, treasurer' s check or cashier' s check, provided any such check is drawn uppn <br />an institution whose deposits are insured by a federal agency, instxumentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, tk�is Security Instrument and obligations secured hereby <br />231034 <br />NEBRASKA - Single Family - Fannie M ae/Freddie M ac UNIFORM INSTRUM ENT � <br />�-6(NE) �oei�� page 11 of 15 inicisls' � Farm 3028 1101 <br />� <br />J�L i"'ti <br />
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