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20110806i <br />designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of <br />Bonower'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 norice address under this Security Instnunent at any one time. Any notice <br />to Lender shall he 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 d�med 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 Instnunent. <br />16. Governing Law; Severability; Rules of Construction. This Security Insm�ment shall be govemed by <br />federal law and the law of the jurisdiction in which the Property is located. All rights and obligations <br />containe� in this Securiry Instrument aze subject to any requirements and limitations of Applicable I.aw. <br />Applicable Law might explicitly or implicitly allow the parties to agr� by contract or it might 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 Securiry Instrument or the Note conflicts with Applicable Law, such conflict shall <br />not affect other provisions of this Security Instrument or the Note which can be given effect without the <br />conflicting provision. <br />As used in this Securiry Instrument: (a) words of the masculine gender shall mean and include conesgonding <br />neuter words or words of the feminine gender; (b) words in the singulaz 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. Bonower 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 Section 18, "Interest in <br />the Property" means any legal or beneficial interest in the Progerty, including, but not limited to, those <br />beneficial interests transfened in a bond for deed, 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 Property or any Interest in the Property is sold or transfened (or if Borrower 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 Security Instrument. <br />However, this oprion shall not be exercised by L,ender if such exercise is prohibited by Applicable I.aw. <br />If Lender exercises this oprion, Lender shall give Bonower notice of accelerarion. The notice sha11 provide a <br />period of not less than 30 days from the date the norice is given in accordance with Section 15 within which <br />Bonower must pay all sums secured by this Se�urity Instivment. If Bonower fails to pay these sums prior to <br />the expiration of this period, Lender may invoke any remedies permitted by tlus S�urity Instrument without <br />further notice or demand on Bonower. <br />19. Borrower's Right to Reinstate After Acceleration. If Bonower m�ts certain conditions, Borrower <br />shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the <br />eatliest 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 sg�ify for the termination of Bonower's right to <br />reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions aze that Bonower: <br />(a) pays Lender all sums which then would be due under tlus Security Instivment 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 tlus Security Instrument, including, but not limited to, reasonable attomeys' fees, <br />properly inspection and valuation fees, and other fees incurred for the purpose of prot�ting Lender's interest <br />NEBRASKA-Single Family-Fannle Mae/Freddia Mac UNIFORM INSTRUMENT <br />VMP 0 <br />Wolters Kluwer Flnanclal Services <br />Form 3028 1/07 <br />VMPB(NE) (1106) <br />Page 12 of 17 <br />