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20��04��3 <br /> � <br />There may be only one designated notice address under this Security Instrument 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 />stated herein unless Lender has designated another address by notice to Borrower. Any notice in <br />connecrion with this Security Instrument shall not be deemed to have been given to Lender until actually <br />re,ceived 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 tlus Security <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 Insmiment are subje�t 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 he silent, but such silence shall not be construed as a prohibition against agreement by contract. In <br />the event tha.t 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 Instrument or the Note which can be <br />given eff�t without the conflicting provision. <br />As used in this Security Instrum�nt: (a) words of the masculine gender shall mean and include <br />cflrresponding neuter words or 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 Security Instrument. <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this 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 transferred in a bond for de.ed, cflntract for de,efl, installment sales contract oz <br />escrow agreement, the intent of which is the transfer of title by Bonower at a future date to a purchas�r. <br />If all or any part of the Property or any Interest in the Properly is sold or transferred (or if Bortower <br />is not a natural person and a beneficial interest in Borrower 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 shall not be exercised by Lender if such exercise is prohibited by <br />Applicable Law. <br />If Lender exercises this option, L,ender shall give Bonower notice of acceleration. The norice shall <br />provide a periad of not less than 30 days from the date the notice is given in accordance with Section 15 <br />within which Borrower must pay all sums secured by this Securiry Instnunent. If Bflnower fails to pay <br />these sums prior to the expiration of this period, L,ender may invoke any remedies permitted by this <br />Se�urity Insmiment without fiurther norice or demand on Borrower. <br />19. Borrower's Rigbt to Reinstate After Acceleration. If Borrower meets cerCain conditions, <br />Borrower shall have the right to have enforcement of tbis 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 contained in <br />this Security Instrument; (b) such other period as Applicable Law might specify for the termination of <br />Borrowar's right to reinstaie; or (c) entry of a judgment enforcing tlus Security Instrument. Those <br />conditions aze that Borrower: (a) pays Lender all suu�s which then would he due under this 5ecurity <br />Instrument and the Note as if no acc�leration had occurred; (b) cures any default of any other covenants or <br />agreements; (c} pays all expenses incurred in enforcing this Security Insm�ment, including, but not limited <br />to, reasonable atComeys' fees, property inspecrion and valuation fees, and otlzer fees incuzred for the <br />purpose of prot�ting Lender's interest in the Property and rights under this Securiry Instrument; and (d) <br />takes such action as Lender may reasonably requirs to assure that Lender's interest in the Property and <br />rights under this S�urity Instrument, and Borrower's obligarion to pay the sums secured by this Security <br />Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forrns, as selected by Lender: (a) cash; (b) money order; (c) <br />certified ch�k, 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 Insmiment and obligations secured hereby <br />NEBRASKA - Single Famify - Fannie Mae/Freddie Mac UNIFORM INSTRUME�VT <br />�-6(NE) (oa�>> Page 11 of 15 Inklals: � Form 3028 1/01 <br />m <br />