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2o�ioo�s5 <br />There may be only oane designated notice address under this Security Instrument at any one time. Aany <br />notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address <br />state�l herein unless Lender has designated another address by notice to Borrower. Any notice in <br />connection with this Security Instnunent shall not b� deemed ta 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 />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 requirernents and limitations of <br />Applicable Law. Applicable I.aw might explicitly or irnplicitly allow the parties to agree by contract or it <br />rnight be silent, but such silence shall not be construed as a prohibition against agreement by contract. In <br />the event that any provision or clause of this Security Instrument or the Note 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 Instrument: (a) words of the masculine gender shall mean and include <br />corresponding 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 "rnay" gives sole discretion without any obligation to <br />take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. <br />1$. Transfer oF the Property or a Beneficial Interest in Borrower. As used in this Section 1$, <br />"Interest in the Froperty" means any legal or beneficial interest in the Froperty, including, but not limited <br />to, those bene�icial interests transferred in a bond for dee�, contract for deed, installment sales contract or <br />escrow agreement, the intent of which is the transfer af title by Borrower at a future date to a purchaser. <br />If all or any part of the Property or any Interest in the Praperty is sold or transferred (or if $orrawer <br />is not a natural person and a beneficial interest in Borrower is sold or transferred) withaut Lender's prior <br />written consent, Lender may require immediate payment in full of all sunns secured by this Security <br />Instrument. However, this option shall not be exercised by I.ender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, Lendear shall give Borrower notice of acceleration. T'he notice shall <br />provide a period of not less than 30 days frorn the date the notice is given in accordance with Section 1S <br />within which Borrower must pay all sums secured by this Security Instnunent. If Borrower fails to pay <br />these sums prior to the expiration of this period, Lender may invoke any remedies perxnitted by this <br />Security Instrurnent without further notice or demand on Bonower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, <br />Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time <br />prior to the earliest of: (a) five days before sale of the Property pursuant to any pawer of sale contained in <br />this Security Instrument; (b) such other period as Applicable Law might specify for the ternunation of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. T'hose <br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security <br />Instrurnent and the Note as if no acceleration had occurred; (b) cures any default of any ocher covenants or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited <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 Instnunent; and (d) <br />takes such action as Lender may reasonably require to assure that Lender's interest in the Prop�rty and <br />rights under this Security Insttvment, and Borrower's obligation to pay the swns secured by this Security <br />Instrument, shall continue unchanged. I.ender may require that Bonower pay such reinstatement sums and <br />expenses in one or more of the following for.ms, as selected by Lender: (a) cash; (b) money order; (c) <br />certi�ed check, bank check, treasurer's check or cashier's check, pravided any such check is drawn upon <br />an institution whose deposits are insured by a federal agency, instnimentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby <br />NEBFiASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMEN7 � <br />�-61NE) los>>1 Page 11 of 16 �n�t�als: Form 3028 9/U9 <br />� �� <br />