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201105114
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201105114
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Last modified
9/14/2011 12:27:44 PM
Creation date
7/13/2011 8:53:24 AM
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DEEDS
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201105114
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20��Q5i�4 <br />16. Governing Law; Severability; Rules of Construction. This Security Instntment shall be governed by federal law and <br />the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument aze <br />subj ect to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to <br />agree by contract or it might be silent, but such silence shall not be construed as a prolribition against agreement by contract. <br />In the event that any provision or clause of this Security Insirument or the Note conflicts with Applicable Law, such conflict <br />sha11 not affect other provisions of tlus Security Institiiment or the Note which can 6e glven effect without the conflicting <br />provision. <br />As used in this Security InsMxment: (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 acrion. <br />17. Borrmwer's Copy. Borrower shall be given one copy of the Note and of tlris Security Instrument. <br />18. Transfer of the Property or a Bene�cial Interest in Borrower. As used in this Section 18, "Interest in the Property" <br />means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a <br />bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of tide by <br />Boaower at a future date to a purchasex. <br />If all or any part of the Property or any Interest in the Propetty is sold or transferred (or if Borrower is not a natiu'al p�rson <br />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 not <br />less than 30 days from the date the notice is given in accordance with Section 15 within which Borrawer must pay all sums <br />secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of tlris period, Lender may <br />invoke any remedies permitted by this Security Instnunent without further notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the <br />right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale <br />of the Property pursuant to any power of sale contained in this Security Insirument; (b) such other periad as Applicable Law <br />might specify for the termination of Borrower's right to reinstate; or (c) entry of a judgnent enforcing this Security InsUument. <br />Those conditions are that Bortower: (a) pays Lender a11 sums which then would be due under this Security Instrument and the <br />Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses <br />incurred in enforcing ttus Security Instrument, including, but not limited to, reasonable attomeys' fees, property inspection <br />and valuation fees, and other fees incurred for the pwpose of protecting Lender's interest in the Property and rights under this <br />Security Insmiment; and (d) takes such action as Lender may reasonably require to assure that Lender's interest in the <br />Property and rights under this Security Instrument, and Borcower's obligation to pay the sums secured by this Security <br />Instrument, shall continue unchanged. Lender may require that Bonower pay such reinstatement sums and expenses in one or <br />more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, bank check, treasurer's check <br />or cashier's check, provided any such check is drawn upon an institution whose deposits are insuted by a fedetal agency, <br />instrumentality ar entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and <br />obligations secured hereby shall zemain fully effective as if no acceleration had �curred. However, this right to reinstate shall <br />not apply in the case of acceleration under Secrion 18. <br />20. Sale of Note; Change of Loan Servicer, Notice of Grievance. The Note or a partial interest in the Note (together with <br />this Security Instrument) can be sold one or more times without prior notice to Borrower. e�►► sale might result in a change in the <br />entity (l�own as the "Loan Servicer") that collects Periodic Payments due under the Note and this Security Instrument and <br />performs other mortgage loan servicing obligations under the Note, ttris Security Instrument, and Applicable Law. There also <br />might be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, <br />Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the <br />address to which payments should Ue made and any other information RESPA requires in connection with a norice of transfer <br />of servicing. If the Nate is sold and thereafter the Loan is serviced by a Loan Servicer other than the purchaser of the Note, <br />the mortgage loan servicing obligations to Borrower will remain with the Loan Servicer or be taansferred to a successor Loan <br />Servicer and aze not assumed by the Note purchaser unless othenvise provided by the Note purchaser. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INS7RUMENT � <br />��INEI (oa�t) ra¢� tooria �nwais: ° <br />° Form 3028 1►01 <br />DDSNE9 <br />
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