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201100314
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1/18/2011 1:35:19 PM
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1/18/2011 1:35:18 PM
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DEEDS
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201100314
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20i1Q0314 <br />There may be only one designated notice address under this Security Instrw�nent at any one time. Any <br />notice to Lender shall be given by delivering it or by mailing it by f rst class mail to I,ender's address <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 ta I.ender 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 W�rr satisfy the correspanding requirement under this Security <br />Tnstrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be <br />governed 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 I.aw. Applicable L.aw mi�ht explicitly ar implicitly allow the parties to agree by contract or it <br />might be silent, but such silene� shall not be construed as a prohibition against agreement by contract. Tn <br />the event that any provisi�n or clause of this Security Instrwnent or the Nate conflicts with Applicable <br />Law, such conflict shall not affect other provisions of this Security Instnunent or the Note which can be <br />given effect without the conflicting provision. <br />As used in this Security Tnstrument: (a) wards of the masculine gender shall mean and inciude <br />corresponding neuter words or words of the feminine gender; (b) wards in the singular sha11 rnean 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 />1'�. Borrower's Copy. Barrower shall be given one copy of the Note and of this Security Instrument. <br />].$. Transfer of the Property or a Bene�cial Interest in Borrower. As used in this Section 18, <br />"Interest in the Property" means any legal or bene�cial interest in the Property, including, but not limited <br />to, those bene�cial interests transferm,d in a bond for deed, contract for deed, installm�nt 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 of the Property or any Interest in the Froperty 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 cansent, L.cnder may require irnmediate 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 L.ender exercises this aption, L,ender shall give Borrawer natice 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 Borrawer must pay all swns secured by this Security Instrurnent. If Borrower fails to pay <br />these sums priar to the expiration of this period, Lender rnay invoke any rernedies permitted by this <br />Security Instrument without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br />Borrawer shall have the right to have enforcernent of this Security Instrument discontinued at any tirne <br />prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale contair�ed in <br />this Security lnstnunent; (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 S�curity Instrumeut. '�ho�e <br />conditions are that Borrower: (a) pays I.ender all suxns which then would be due under i�is Se�urity <br />lnstrument and the Note as if no acceleration had occurred; (b) cures any default of any other cov�s or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not lirnited <br />to, reasonable attorneys' fees, praperty inspection and valuation fees, and ather Fees incurred far the <br />purpose of protecting I.ender's interest in the Property and rights under this Security Instnunent; and (d) <br />takes such action as Lender may reasonably require to assure that Lender's interest in the Praperty and <br />rights under this Security Instxwnent, and Borrower's obligation to pay the swns secured by this Security <br />Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and <br />expenses in one or rnore of the following forms, as selected by I.ender: (a) cash; (b) ►noney order; (c) <br />certified che�k, bank check, treasurer's check or cashier's check, provided azay such check is drawn upon <br />an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic <br />F'unds Transfer. Upon reinstaternent by Borrowe;r, this Security Instrument and obligations secured hereby <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-6�NE) loaitl Pa9e ii or is inmais: Form 3028 1l01 <br />� <br />M <br />�� <br />
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