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201107197
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9/29/2011 8:48:17 AM
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9/29/2011 8:48:16 AM
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DEEDS
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201107197
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201i0�197 <br />designated a substitute notice address by notice to I.ender. Borrower shall promptly notify Lender of <br />�nower's change of address. If Lender specifies a procedure for reporting Bonower's change of address, <br />then Bonower shall only report a change of address through that specified procedure. <br />There may be only one designated notice address under this Security Inswment 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 />Securiry Instrument shall not be deemed to have be�n given to Lender until actually received by Lender. If <br />any norice required by this Security Instrument is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the conesponding requirement under this S�urity Instnunent. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by <br />federal law and the law of the jurisdiction in which the Property is located. All rights and obligations <br />contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. <br />Applicable Law might explicitly or implicitly allow the parties to agree by contract or it xnight be silent, but <br />such silence shall not be construed as a prohibirion against agreement by contract. In the event that any <br />provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall <br />not aff�t other provisions of this Security Instrument or the Note which can be given eff�t without the <br />conflicting provision. <br />As used in this Security Instrument: (a) words of the masculine gender sha11 mean and include conesponding <br />neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural <br />and vice versa; and (c) the word "may" gives sole discretion without any obligation to 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 tlus Section 18, "Interest in <br />the Property" means any legal or beneficial interest in the Property, including, but not limited to, those <br />beneficial interests transferred in a bond for de�d, contract for deed, installment sales contract or escrow <br />agreement, the intent of which is the transfer of title by Bonower at a future date to a purchaser. <br />If all or any part of the Properiy or any Interest in the Property is sold or transferred (or if Bonower is not a <br />natural person and a beneficial interest in Borrower is sold or transfened) without Lender's prior written <br />consent, Lender may require immediate payment in full of all sums secured by this Securiry Instrunnent. <br />However, tlus option shall not be exercised by Lender if such exercise is prohibited by Applicable L.aw. <br />If Lender exercises this oprion, Lender shall give Borrower notice of acceleration. The notice shall provide a <br />period of not less than 30 days from the date the notice is given in accordance with Section 15 within which <br />Bonower must pay all sums s�ured by this Security Instivment. If Borrower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies permitted by ttus Security Instrument without <br />fiurther notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower <br />shall have the right to have enforcement of this Security Instniment 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 Security <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 conditions are that Borrower: <br />(a) pays Lender all swns which then would be due under this Security Instrument and the Note as if no <br />acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses <br />incurred in enforcing this Security Insmrment, including, but not limited to, reasonable attomeys' fees, <br />property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest <br />NEBRASKA-Single Femily-Fannie Mae/Fr�die Mac UNIFORM INSTRUMENT <br />VMP � <br />Wolters Kluwer Financial Services <br />Form 3028 1/Ot <br />VMPB(NE) (1105) <br />Page 12 of 17 <br />���� <br />
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