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201106097
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Last modified
8/17/2011 10:51:53 AM
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8/17/2011 10:51:52 AM
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DEEDS
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201106097
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w0�1060�� <br />There may be only one designated notice address under this S�urity 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 norice to Bonower. Any notice in <br />connection with this Security Instrument shall not be d�med to have been given to Lender until actually <br />received by Lender. If any notice required by this Security Instrument is also required under Applicable <br />I.aw, the Applicable Law requirement will satisfy the conesponding requirement under this 5ecurity <br />Instrument. <br />16. Governing Law; Severability; Rules of Construction. 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 />obligarions contained in this Security Instrument are subject to any requirements and limitarions of <br />Applicable Law. 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 consirued as a prohibition against agreement by contract. In <br />the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable <br />Law, such conflict shall not aff�t other provisions of this Security Instrument or the Note which can be <br />given effe�t without t3�e conflicting provision. <br />As used in this S�urity Instrument: (a) words of the masculine gender shall mean and include <br />conesponding neuter words or words of the feminine gender; (b) words in the singvlar shall mean and <br />include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligarion to <br />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 S�tion 18, <br />"Interest in the Property" means any legal or beneficial interest in the Properiy, including, but not limite� <br />to, those beneficial interests transferrerl in a bond for deed, contract for deed, installment sales contract or <br />escrow agreement, the intent of which 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 transfened (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 fu11 of all sums secured by this S�urity <br />Instrument. However, this option sha11 not be exercised by Lender if such exercise is prohibitefl 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 da.ys from the date the notice is given in accordance with Secrion 15 <br />within which Borrower must pay all sums s�ured by this Security Insmxment. If Borrower fails to pay <br />these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this <br />Se,curity Instrument without further norice or demand on Bonower. <br />19. Borrower's Right to Reinstate After Acceleration. If Bonower meets certain conditions, <br />Bonower shall have the right to have enforcement of this S�urity 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 La.w might specify for the termination of <br />$orrower's right to reinstate; or (c) entry of a judgment enforcing this S�urity Instrument. Those <br />conrlitions aze that Bonower: (a) pays Lender all sums which then would be due under this Security <br />Instrunient and the Note as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agr�ments; (c) pays all expenses incurred in enforcing this S�urity Insmiment, including, but not limited <br />to, reasonable attorneys' fees, property insp�tion and valuation fees, and other fees incurred for the <br />purpose of protecting Lender's interest in the Properiy and rights under this Security Instrument; and (d) <br />talces such action as Lender may reasonably require to assure that Lender's interest in the Property and <br />rights under this Security Instrument, and Bonower's obligation to pay the sums se�ured by this S�urity <br />Instnunent, shall continue unchange�. Lender may require that Borrower pay such reinstatement sums and <br />expenses in one or more of the following forms, 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 check is drawn upon <br />an institution whose deposits aze insured by a federal agency, instnamentality or entity; or (d) Electronic <br />Funds Transfer. Upon reinstatement by Bonower, this Security Instrument and obligations secured hereby <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />�-6(NE) (0817) Page 11 of 15 Initials: _ <br />� <br />Form 3028 1 /01 <br />
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