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�o�ioo47s <br />There may bc onfy one designated notice address under this Security Instruinent at any one tirne. Any <br />noiice to Lender shall be given by delivering it or by mailing it by tirst class mail to Lender's address <br />stated herein unless Lender has designated another address by notice to Borrower. Any notice in <br />wnnection with ttiis Security Instrument shall not be deemed to have been given to Lender until actually <br />received by Lender. if any notice reyuired by this Security Instrument is also required under Applicable <br />Law, the Applicable Law requirernent will satisf'y the corresponding requirement under this Security <br />Instrument. <br />1G. Governing Law; Severability; Rules of' ConsCruction. 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 contai��ed in this Security I11S[Cll(T1Ci1[ are subject to any requirements and liinitations of <br />Applicable l.aw. Applicable Law niight explicitly or implicitly allow thc parties to agree by contract or it <br />might be silent, bul such sileru:e shr.ill not he construed as a prohibitiori against agreement by contract. li� <br />the eveaat that any prqvision or clause of ttiis Security Instrurnent or the Note conflicts with Applicable <br />Law, such contlict shall not affect other provisions of this Security Iaastrument or the Note which can he <br />given effect without the co�aflicting provision. <br />As used in this Security Instrument: (a) words of the masculine gender shall znean �.ind include <br />corresponding neuter words or words of the feminine gender; (b) words in tl�e sin�ular 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 />17. Sorrower's Copy. k3o��rower s}aall be given one copy of the Note and of this Security Instrurnent. <br />1$. Transfer of the .l'ropert,y or a I3eneficial I►�terest i�� �3orrower. As used in this Section 18, <br />"Interest in thc Pr<�perty" means any legal or beneficial fnterest in the �roperty, includin�, but not limited <br />to, those beneticia( interests transferred in a boz�d for deed, contract for deed, installment sales contract or <br />escrow agreement, the intent of which is the transfer of title by �3orrower at a future date to a purchaser. <br />If all or any ��art of the Property or any Interest in the Property is sold or transf'crrcd (or if Borrowcr <br />is noc a natural person and a lieneficial interest in Borrower is sold or tr�a�sferred) without Lender's prior <br />written consent, Lender may require inunediate payment in full of all suax►s secured by this Security <br />Instrumcnt. However, this option shall not be exercised by C�ender if� such exercise is prohibited by <br />ApplicaUle Law. <br />Cf Lender exercises ihis optian, Lendcr shall give Borrower noticc of acceleration. The a�otice shal] <br />provide a period of not less than 30 days from the date the notice is given in accordance wich Section 15 <br />within which Borrower must pay all sums secured by this Security Insta�uznez�t. If Borrower Fails to pay <br />these sums prior �o the expiration of this period, Lender may invoke any re�nedies permitted by tl�is <br />Security Instrument without fi�rther notice or demand on Borrower. <br />19. Rorrowcr's Ri�ht to IZeinstate After Acceleration. If Borrower �a�eets certai�l conditions, <br />Borrower shall have thc right to have enforcement of this Security Instrument discontint.�ed at any ti.t�le <br />prior to the earliest of': (a) fivc days before sale of the Property pursuant to any power of sale contained in <br />this Security Instrument; (b) such other period as Applicable Law might specify for the tenr�ination of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing tl�is Sec�.►rity Instrwnent. Those <br />conditions are that Boz�rower: (a) pays Lender all suins whicl� tl�en would be duc under this Security <br />Instrument and the Note as if no acceleration l�ad occurred; (b) cures �.iny default of any nther covenants or <br />agreements; (c) pays al) expenses i��curred in enforcing this Security Inslrument, including, but not limited <br />to, reasonable attorneys' fees, property inspection and valua�ipn tecs, and other fees incurrcd for thc <br />purpose of protecting Lender's interest in the Property and rights undcr this Security Instrument; and (d) <br />takes such action as Lender may reasonably require to assure that Lender's interest in the Property and <br />rights under this Security instrument, azi�l Borrower's obligation to pay the sums secured by this Security <br />Instrument, shall continue unchan�ed. Lender may require that Borrower pay such reinstatement sums and <br />expenses in one or �nore of the following Forms, as selected by Lender: (a) cash; (b) money 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 �tre insured by a federal agency, instrumentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, this Seairity [nstri�mcnt and obligations secured hereby <br />NEBRASKA - Single Family - Fannie Mae/�reddie Mac UNIFORIVI INS7RUMENT <br />�-6�NE) (0811) Pagc 11 of 1� Initials: __ FOI'171 3428 7/07 <br />O <br />� eL �-' <br />, <br />