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201108901
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Last modified
3/7/2012 11:12:57 AM
Creation date
11/29/2011 12:04:08 PM
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DEEDS
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201108901
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201108901 <br /> If Lender exercises this option, Lender shall give Borrower notice of acceleration. T'he 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 all sums secured 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 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 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 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 sums 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 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 /> in the Property and rights under this Security Instrument; and(d)takes such action as Lender may <br /> reasonably require to assure that Lender's interest in the Property and rights under this Security Instrurnent, <br /> and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged, <br /> Lender may require that Borrower pay such reinstatement sums and expenses in one or more of the following <br /> forms, as selected by Lender: (a) cash; (b)money order; (c)certified check, bank check, treasurer's check or <br /> cashier's check, provided any such check is drawn upon an institution whose deposits are insured by a <br /> federal agency, instrumentality or entity; or(d) Electronic Funds Transfer. Upon reinstatement by Borrower, <br /> this Security Instrument and obligations secured hereby shall remain fully effective as if no acceleration had <br /> occurred. However, this right to reinstate sha11 not apply in the case of acceleration under Section 18. <br /> 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the <br /> Note (together with this Security Instrtiment) can be sold one or more times without prior notice to <br /> Borrower. A sale might result in a change in the entity (lrnown as the "Loan Servicer") that collects Periodic <br /> Payments due under the Note and this Security Instrument and performs other mortgage loan servicing <br /> obligations under the Note, this Security Instrument, and Applicable Law. There also might be one or more <br /> changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Loan Servicer, <br /> Borrower will be given written notice of the change which will state the name and address of the new Loan <br /> Servicer, the address to which payments should be made and any other information RESPA requires in <br /> connection with a notice of transfer of servicing. If the Note is sold and thereafter the Loan is serviced by a <br /> Loan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations to Borrower will <br /> remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not assumed by the <br /> Note purchaser unless otherwise provided by the Note purchaser. <br /> Neither Borrower nor Lender may commence,join, or be joined to any judicial action(as either an <br /> individual litigant or the member of a class) that arises from the other party's actions pursuant to this <br /> Security Instrument or that alleges that the other party has breached any provision of, or any duty owed by <br /> reason of, this Security Instrument, until such Borrower or Lender has notified the other party (with such <br /> notice given in compliance with the requirements of Section 15)of such alleged breach and afforded the <br /> other party hereto a reasonable period after the giving of such notice to take corrective action. If Applicable <br /> Law provides a time period which must elapse before certain action can be taken, that time period will be <br /> deemed to be reasonable for purposes of this paragraph. The notice of acceleration and opportunity to cure <br /> given to Borrower pursuant to Section 22 and the notice of acceleration given to Bonower pursuant to <br /> Section 18 shall be deemed to satisfy the notice and opportunity to take corrective action provisions of this <br /> Section 20. <br /> NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS Form 3028 1/01 <br /> VMP� VMP6AINE)(11051.00 <br /> Wolters Kluwer Financial Services Page 13 of 17 <br /> III IIIIIIIII III III IIIIII IIIIIII III IIIIIIIII III III ���� <br /> q033045�2038 0233 259 1317 ���1/J��� <br /> �/ <br />
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