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201102022
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Last modified
3/15/2011 8:35:59 AM
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3/15/2011 8:35:59 AM
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DEEDS
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201102022
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201102022 <br />There may be only one designated notice address under this Security Instrument at any one time. Any <br />notice to I.ender shall be given by delivering it or by mailing it by first class mail to Lender'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 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 conesponding requirement under this Securiry <br />Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be <br />govemed 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 implicitly allow the parties to agree by contract or it <br />might be silent, but such silence sha11 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 Securiry Instrument or the Note which can be <br />given effect without the conflicting provision. <br />As used in this Security Instnunent: (a,l words of the masculine gender shall mean and incivde <br />corresponding neuter words or words of the feminine gender; (b) words in �e singular shait mean and <br />include the plural and vice versa; and (c) the word "may" gives sole discretion wiThout any obligaritm to <br />take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Insmuuent. <br />18. Transfer of the Property or a Beneticial Interest in Borrower. As used in tlus Section 18, <br />"Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited <br />to, those beneficial interesTS transfened in a bond for deed, contract for deed, installment 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 Property is sold or transferred (or if Bonower <br />is not a natural person and a beneficial interest in Bonower is sold or transferred) without Lender's prior <br />written consent, Lender may require immediate payment in full of all sums secured by this Security <br />Instrument. However, this option sha11 not be exercised by Lender if such exercise is prohibite� by <br />Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleratian. The notice sha11 <br />provide a period of not less than 30 days from the date the notice is given in accc�rdance with Section 15 <br />within which Borrower must pay a11 sums secured by this Security Instrument. If $orrower fails to pay <br />these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instniment without further notice or demand on Borrower. <br />19. Borrnwer's Right to Reinstate After Acceleration. If Bonower meets certain condirions, <br />Bonower shall ha�e the right to have enforcement of this Security Instrument discontinued at an3� time <br />prior to the earliest of: (a) five 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 t�;rmina#� of <br />Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security Instnu�. Those <br />conditions aze that Borrower: (a) pays Lender all sums which then would be due under dus Security <br />Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covena�ts or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instnunent, including, but not li� <br />to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for ti�e <br />purpose of protecting Lender's interest in the Property and rights under 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, and Borrower's obligation to pay the sums secured by this Security <br />Instrument, shall continue unchanged. L,ender may require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forms, as sel�ted 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 aze insured by a federal agency, instnunentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Borrower, this Security Instnunent and obligations secured hereby <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />--6�NE) (0811) Page 17 of 15 Initials: <br />� <br />Form 3028 1 /01 <br />�) <br />
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