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201108399 designated a substitute notice address by notice to Lender. Borrower shall promptly notify I,ender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instniment is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be govern� by federal Iaw and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shatl not be eonstru�l 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 Instnunent ar the Note which can be given effect without the cc�nflicting provision. As used in this Security Instrument: (a) words of the rnasculine gender shall mean and include corresponding r�uter words or worc3s of the feminine gender; @) words in the singular shall mean and include the plural and viee versa; and (c} the word "may" gives svle discretion without any obligation to take any �rion. 17. Borrower`s Copy. Borrower shall be gi�en one copy of the Note and of this Security Instrument. 18. Tr�sfer of the Property or a Beneficiai interest in Borrawer. As usecl in this Secrion I8, "Interest in the Property" means any tegal or benefrcial interest in the Property, including, but not Iimited to, those beneficial interests transferred in a bond for deed, contract for dced, installx�nt sa�es contract or escrQw agr�ment, 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 Borrower is not a natural person and a beneficiai interest in Bonower is sold or transferred} without Lender's prior written consent, Lender may require immediate payment in fulI of all sums secured by this Security Tnstrument. However, this option shali nat be exercised by Lender if such exercise is protubited by Applicable Law. If Lender exercises this aption, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section IS 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 Instrument without further notice or demand on Bonower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shatI 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 Property pursuant to any power of sale containecl in this Security Instrument; (b) such other period as Applicable Law might specify for the termination of Bonower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; @) cures any default of any other covenants or agreements; (c) pays a11 expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM� INSTRUMENT � � Porm 3025 t/07 VMP � VMP6INE) (1105) Woiters Kfuwer Financial Services Page 12 of 17 ' � 1 >� � 5 � �