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2a��c� <br />designated a substitute notice address by notice to Lender. Bonower 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 designa�ed notice address under this Security Instrument at any one time. Any notice <br />to Lender sha11 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 notic� required by this Security Instrument is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the conesponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instivmment shall be govemed by <br />federal law and the law of the jurisdiction in which the Property is located. All rights and obligations <br />contained in this Se,curity 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 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 Security Instrument or the Note confiicts with Applicable Law, such coIIflict shall <br />not affect other proeisions of this Security Instrument or the Note which can be given eff�t without the <br />conIIicting provision. <br />As used in this Security Instrument: (a) words of the masculine gender sha11 mean and include corresponding <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 (cj the word "may" giv� sole discretion without any Qbligation to take any action. <br />'f 7. Borrower's Capy. Borrower shall be given one copy of the Note and of this Security Instrument. <br />'f 8. Transfer of the Praperty or a Beneficial Enterest in Borrower. As used in this Section 18, "Interest in <br />the Property" me�ns auy legal or beneficial interest in the Property, including, but not limited to, those <br />beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow <br />agreement, the intent of which is the trazesfer 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 is not a <br />natural person aud a beneficial interest in Borrower is sold or transfened) without Lender's prior written <br />consent, L.ender may require immediate payment in full of a1T sums secured by this Security Instrument. <br />However, this option shall not be exercised by I.ender if such exercise is prolubited by AppIicable Law. <br />If Lender exercises this oprion, Lender shall give Bonower notice of acceieration. 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 />Borrower must pay a11 sums secured by this Security Instrument. If Borrower fails to pay these sums prior to <br />the expirarion of this period, Lender may invoke any remedies permitted by this Security Instnzment without <br />fiuu�ther notice or demand on Borrower. <br />19. Borrower's Right to Reinstate After Acceleration. If Bonower meets certain condirions, Borrower <br />sha11 have the right to have enforcement of this Security Instrument 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 spe,cify for the termination of Bonower's right to <br />reinstate; or (c} entry of a judgment enforcing this Security Instrument. Those conditions are that Bonower: <br />(a) pays Lender all sums which then would be due under this Security Instru.ment 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 Instrument, including, but not limited to, reasonable attorneys' fees, <br />property inspection 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 />VMP6WE) (1105) <br />Page 12 of 17 <br />' i, <br />q � , ,� , , <br />