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2oiioo49� There may be only one desi�nated notice address under this Security Instruznent at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class rnail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deezned to have been given to Lender until actually received by Lender. �f any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement W�rr satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdictian in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instruanent or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) wards of the masculine gender shall mean and include corresponding neuter words ox words of the feminine gender; (b) words in the singulax shall mean and include the plural and vice versa; and (c) the word "rr►ay" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Bene�cial interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Froperty, including, but not limited to, those bene�cial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold ar transferred) without T_.ender's priar written consent, Lender may require immediate payment in full af a11 sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, T_.ender shall give Barrower notice of acceleration. The notice sha11 pravide a period of not less than 30 days from the date the natice is given in accordance with Section 15 within which Borrower must pay all sums secured by this Security Instruznent. If Borrower fails to pay these sums prior to the expiration of this period, L,Qnder rnay invoke any remedies permztted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleratian. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the sarliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such othar period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Tnstrument. Thase conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security lnstrument and the Note as if no acceleratian had occurred; (b) cures any default of any other cavenants ar agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but nat limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting L.ender's interest in the Property and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that I,ender's interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrurnent, shall continue unchanged. Lender may require that Borrower pay such reinstatement surns and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) rnoney order; (c) certified check, bank check, treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a federal agency, instrumentality ar entity; or (d) Electronic Funds Transfer. Upon reinstaternent by Borrower, this Security Instrument and obligations secured hereby NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-�(N@) (0811) Page 11 of 15 Initials: ��C� Farm 302 �'!1 /01