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201105050
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Last modified
7/11/2011 8:54:31 AM
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7/11/2011 8:54:31 AM
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DEEDS
Inst Number
201105050
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201105054 <br />There may be only one designated notice address under this Security Inswment at any one rime. Any notice <br />to Lender shall l� given by delivering it or by mailing it by first class mail to Lender's address stated herein <br />unless Lender has designated another address by notice to Borrower. Any notice in connection with diis <br />Security Instrument shall not be deemed to have been given to Lender undl actually received by Lender. If <br />any notice required by this Security Instrument is also required under Applicable Law the Applicable Law <br />requirement will satisfy the conesponding requirement under this Security Instrument <br />16. Governing Law; Severability; Rules of Construction. This Security Inslrument shall Ue governed <br />by federal law and the law of the jurisdiccion in which the Property is Iocated. All rights and obfigations <br />contained in this Secanity Insuument are sabject to any requirements and limitations of Applicable Law. <br />Agplicable Law might explicidy or implicitly allow the parties to agree by contract or it might be silent, but <br />such silence shall not Ue conslrued as a prohibidon against agreement by conlrac� In the event that any <br />provision or clause of this Security Insirument or the Note conflicts with Applicable Law, such conflict shall <br />not affect other provisions of this Security Insirument or the Note which can be given effect without the <br />conflicting provision. <br />As used in this Secarity Inslrument {a) words of the masculine gender shall mean and include <br />conesponding neuter words or words of the feminine gender; (b) words in the singular shall mean and <br />include the plural and vice versa; and (c) the word "rnay" gives sole discredon witt►out any obligation to take <br />any action, <br />17. Borrower's Copy. Borrower shall be given pne copy of the Note and of this Se�urity Insilvrr�ent <br />18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, <br />"Interest in the Progerty" means any legal or beneficial interest in the Properly, including, but not limited to, <br />those beneficial interests transfened in a bond for deed, contract for deed, installment sales contract or escrow <br />agreement, the intent of which is the transfer of dde by Borrower at a future date to a p�rchaser. <br />If all or any part of the Property ar any Interest in the Progerty is sold or transferreci (or if Borrower is <br />not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written <br />consent, Lender may require immediate payment in full of all sums secured by this Security Instrumen� <br />However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleracion. The nodce shall <br />provide a period 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 Security Insixwnen� If Bonower fails to pay these <br />sums prior to tha expiration of this period, Lender may invoke any remedies permitxed by this Security <br />Instrument without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain condidons, <br />Bonower shall have the right to have enforcement of this Security Instrument discontinued at any rime prior <br />to the earliest of: (a) �ve days before sale of the Propeny pursuant to any power of sale contained in this <br />Security Inslrument; (b) such other period as Applicable Law might specify for the terrnination of Borrower's <br />right to reinstate; or (c) entry of a judgment enforcing this Security Instrument Those conditions aze that <br />Borrower: (a) pays I.ender all sums which then would be due under this Security Insirument and the Note as <br />if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all <br />expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' <br />fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's <br />interest in the Progeriy and rights under this Security Insirument; and (d) takes such action as Lender may <br />reasonably require to assure that Lender°s interest in the Property and rights under this Security Inswment, <br />and Borrower's obligation to pay the svms secured by this Security Instrument, shall continue unchanged. <br />L.ender may require that Bonower pay such reinstatement sums and expenses in one or more of the following <br />forms, as selected by Lender: (a) cash; (b) money order; (c) certif'ied check, bank check, treasurer's check or <br />cashier's check, provided any such check is drawn ugon an institu�ion whose deposits aze insured by a federal <br />agency, instrumentality or entity; or (d) Electronic Funds Transfer. Ugon reinstatement by Borrower, this <br />Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had <br />occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. <br />NEBRASKA - 8ingle Family - Fannle MeelFreddte Mac UNIFORNI INSTRUMENT WITN MERS <br />�-6A{NE) �oa�o� Page 11 of 16 Init�als: Form 3028 1/ 1 <br />
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