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201102556
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4/4/2011 9:28:28 AM
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4/4/2011 9:28:28 AM
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201102556
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2011U255� <br />1111057785 <br />mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one <br />Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall <br />be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall <br />promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Bonower's change of <br />address, then Borrower shall only report a change of address through that specified procedure. There may be only one <br />designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it <br />or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to <br />Borrower. Any notice in connection with this Security lnstrument shall not be deemed to have been given to Lender until <br />actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the <br />Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal <br />law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security <br />Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly <br />allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against <br />agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with <br />Applicable Law, such conflict shatl not affect other provisions of this Security Instrument or the Note which can be given <br />effect without the conflicting provision. <br />As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter <br />words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the <br />word "may" gives sole discretion without any obligation to take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this SecuriTy Instrument. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the <br />Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests <br />transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the <br />transfer of title by Borrower at a future date to a purchaser. <br />If alt or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural <br />person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require <br />immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by <br />Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of <br />not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums <br />secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may <br />invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have <br />the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before <br />sale of the Property pursuant to any power of sale contained in this Security Instrument; (b) such other period as Applicable <br />Law might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgment enforcing this Security <br />Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security <br />Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements, (c) <br />pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest in the Property <br />and rights under this Security Instrument; and (d) takes such action as Lender may reasonably require to assure that Lender's <br />interest in the Property and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this <br />Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in <br />one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, <br />treasurer's check or cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a <br />federal agency, instrumentality or entity; ar(d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security <br />Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to <br />reinstate shall not apply in the case of acceleration under Section 18. <br />Z0. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together <br />with this Security Instrument) can be sold one or more times without prior notice to Borrower. A sale might result in a change <br />NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />� 338.2 Page 9 of 12 Form 3028 1/Ol <br />
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