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201106532
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201106532
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9/2/2011 9:42:28 AM
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9/2/2011 9:42:28 AM
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DEEDS
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201106532
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�01106532 <br />designated a substitute notice address by notice to Lender. Bonower sha11 promptly norify Lender of <br />� Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, <br />then Borrower shall only report a change of address through that specified procedure. <br />There may be only one designated notice address under this Security Instrument at any one time. Any notice <br />to Lender shall be 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 this <br />Security Instrument shall not be deemed to have been given to Lender until 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 corresponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be govemed by <br />federal law and the law of the jurisdiction in which the Progeriy is located. All rights and obligations <br />contained in this Se.curity Instrument are subject to any requ.irements and limitations of Applicable Law. <br />Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but <br />such silence shall not be construed as a prohibition against agreement by contract. In the event that any <br />provision or clause of this 5ecurity Instrument or the Note contIicts with Applicable Law, such conflict shall <br />not afFect other provisions of this Security Instrutnent or the Note which can be given effect without the <br />conflicting provision. <br />As used in this Security Instrnment: (a) words of the masculine gender sha11 mean and include corresponding <br />neuter worcts or words of the femiIIine gender; (b) words in the singular shall mean and inclucte the piural <br />and vice versa; and (c} the worc� "ma.y" gives sole discretion without any obligarion to take any acrion. <br />17. Borrower's Capy. Bonower shalf Ue given one copy of the Note and of this Security Instrument. <br />18. Transfer of the Property or a Ber�eficisi tnt�rrest i�r �rrawer. As usect in this Section 28, "Interest in <br />the Property" means any Iegat or beaeficial interest in the FrQperiy, including, but not Iimited to, those <br />benef cial interests transferred in a boud for deed, contract for deed, installment sales contract or escrow <br />agreement, the intent of which is the transfer of ritle 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 sol� or transferred (or if Borrower is not a <br />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 aIl sums secured by this Security Tnstnunent. <br />However, tius option sha11 �at be exercised by L.ender if such exercise is prohibited by Apglicable Law. <br />If Lender exercises this oprion, Lender shail give Borrower notice of acceleration. The norice shall provide a <br />period of not less than 30 days from the date the notice is given in accordance with Secrion 15 within which <br />Bonower must pay a11 sums s�ured by this Security Instrument. If Borrower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without <br />further norice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower <br />shall have the rigtit to have enforcement of this Security Insin�ment discontinued at any time prior to the <br />earliest of: (a) five days before sale of the Property pursuant to any power of sale contained in this Securiry <br />Instrument; (b) such other period as Applicable Law might specify for the termination of Borrower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those condirions are that Borrower: <br />(a) pays Lender a11 sums which then would be due under this Secu.rity Instrument and the Note as if no <br />acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays a11 expenses <br />incurred in enforcing this Securiry Instrument, including, but not limited to, reasonable attomeys' fees, <br />property inspe,ction and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 1 /01 <br />VMP6(NE) (1105) <br />Page 12 of 17 <br />� � � <br />� � <br />
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