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201104624
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6/22/2011 9:11:39 AM
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6/22/2011 9:11:39 AM
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DEEDS
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201104624
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�o��o4s24 <br />There may be only one designated notice address under this Securiry Insmyment at any one time. Any <br />notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address <br />sta.ted herein unless Lender has designated another address by notice to Borrower. Any notice i.n <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 requirefl by this Security Instrument is also required under Applicable <br />Law, the Applicable Law requirement will satisfy the corresponding requirement under this 5ecurity <br />Instrument. <br />16. Governing Law; Severability; Rules of Constcuction. 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 requirements and limitarions of <br />Applicable I.aw. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it <br />might 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 5ecuriry Instrument or the Note canflicts with Applicable <br />Law, such conflict shall not aff�t other provisions of this 5ecurity Instruinent 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 oz words of the feminine gender; (b) words in the singulaz shall mean and <br />include the plural and vice versa; and (c) the word "may" gives sole discrerion without any obligation to <br />take any action. <br />17. Borrower's Copy. Bonower shall be given one copy of the Note and of this S�urity Instrument. <br />18. �ansfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, <br />"Interest in the Pzoperty" means any legal or beneficial interest in the Property, including, but not limite� <br />to, those beneficial interests transferred in a hond for deed, contract for deed, installment sales contract or <br />escrow agreement, the intent of wYuch 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 Borrower <br />is not a natural person and a beneficial interest in Borrower is sold or transfened) 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 oprion shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, Lender shall give Bonower norice of acceleration. The notice shall <br />provide a period of not less than 30 days from the date the norice is given in accordance with Secrion 15 <br />within which Bonower must pay all sums secured by this Security Instntment. If Bonower fails to pay <br />these sums prior to the expiration of this period, Lender may invoke any remedies pezmitted by ttus <br />Security Instrument without further notice or demand on Bonower. <br />19. Borrower's Right to Reinstate After Acceleration. If Bonower meets certain conditions, <br />Borrower shall have the right to have enforcement of ttus Security Instrument discontinued at any time <br />prior to the earliest of: (a) five days before sale of the Property pursuant to any power of sale containefl in <br />this Security Insm�ment; (b) such other period as Applicable Law might specify for the termination of <br />Bonower's right to reinstate; or (c) entry of a judgment enforcing this Se�urity Instrument. Those <br />conditions are ti�at Borrower: (a) pays Lender all sums which then would be due under this Seeurity <br />Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expenses incuned in enforcing this Security Insmament, including, but not limited <br />to, reasonable attorneys' fees, property insgection and valuarion fees, and other fees incurred for the <br />purpose of protecting Lender's interest in the Property and rights under this Security Instrument; and (d) <br />takes such acrion as Lender may reasonably re�uire to assure that Lender's interest in the Prop�rty and <br />rights under ttus Security Instrument, and Borrower's obligation to pay the sums secured by this Security <br />Instrument, shall continne unchanged. Lender may require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forn�s, 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 ch�k is dra,wn upon <br />an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Ele.ctronic <br />Funds Transfer. LJpon reinstatement by Borrower, this S�urity Instrument and obligations secured hereby <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UIdIFORM INSTRUMENT <br />�-6(NE) (os�t) Page 71 of 15 Initials: Form 3028 1/01 <br />m <br />�,� ; <br />
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