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20110896G designated a substitute notice address by notice to Lender. Borrower shall promptly norify Lender of Bonower'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 connecrion with this Security Instrament shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the conesponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construct+on. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument aze subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicifly allow the parties to agree by contract or it might be silent, but such silence shall not be construed 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 5ecurity Instrument or the Note wluch can be given effeci without the contIicting provision. As used in this Security Instrument: (a) words of the masculine gender shall mean and include corresponding neutez words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligarion to take any acrion. 17. Borrower's Copy, Bonower sha11 be given one copy of the Note and of this Security Insirument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transfened in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Bonower at a future date to a purchaser. If all or any part of the Properiy or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Bonower 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 15 within which Bonower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expirarion of this period, Lender may invoke any remedies permitted by this Securiry Instrument without further notice or demand on Bonower. 19. Borrower's Right to Reinstate After Acceleration. If Bonower meets certain conditions, Borrower shall 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 gower of sale containeii in this Security Instrument; (b) such other period as Applicable Law might specify for the terminarion of Bonower's right to reinstate; or (c) entry of a judgment enforcing this Security Instrument. Those conditions are that Bortower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occuned; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attomeys' fees, property inspection and valuation fees, and other fees incurred for the purpose of protecting Lender's interest NEBRASKA-Singla Famlly-Fennie Mae/Freddie Mec UNIFORM INSTRUMENT Form 3028 1/07 VMP � VMPB�NE) (11061.00 Wo(ters Kluwer Financlal Servlc� Pege 12 of 17