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� �01106142 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Properly is located. All rights and obligations contained in this Security Instntment are subj ect to any requirements and limita.tions of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence sha11 not be conshued as a prohibition against agreement by contract In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instntment or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of the masculine gender shall mea.n and include conesponding neuter words or words of the feminine gender; (b) words in the singular shall mea.n and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrumen� 18. Transfer of the Property or a Beneficiai Interest in Borrower. As used in this 5ection 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred (or if B orrower is not a naiural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may requue immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice sha.11 provide a period of not less than 30 days from the date the notice is given in a.ccordance with Section 15 within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Insirument without further notice or dema.nd on Bonower. 19. Borrower's Right to Reinstate After Acceleration. If Bonower meets certain conditions, Bonower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a) five days before sale of the Properly pursuant to any power of sale contained in this 5ecurity Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinstate; or (c) enhy of a judgment enforcing this Security Instrumen� Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Insttument a.nd the Note as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited tq reasonable attorneys' fees, property inspection and valuation fees, a.nd other fees incurred for the purpose of protecting Lender's interest in the Properly a.nd rights under this Security Instrument; and (d) ta.kes such action as Lender may reasonably require to assure that Lender's interest in the Properly and rights under this Security Inshument, and Bonower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that Bonower pay such reinstatement sums and expenses in one or more of the following forms, as selected by Lender: (a) cash; (b) money order; (c) certified check, ba.nk check, treasurer's check or cashier's check, provided any such check is dtawn upon an institution whose deposits are insured by a federal agency, instrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrower, this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under Section 18. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Insttument) can be sold one or more times without prior notice to Borrower. A sale might result in a change in the entity (known as the "Loa.n Servicer") that collects Periodic Payments due under the Note and this 5ecurity Instrument attd performs other mortgage loan servicing obligations under the Note, this Security Instrusnent, a.nd Applicable Law. There also might be one or more changes of the Loa.n Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, Borrower will be given written notice of the cha.nge which will state the na.me and HCFG-00359 NEBRASKA-Single Famfly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP� Wolters Kluwer Fina�ial Services 201108164.0.0.0.4002-J20110224Y 85 Form 302B 7/01 Paga 10 of 73