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201109215
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Last modified
12/8/2011 9:14:52 AM
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12/8/2011 9:14:52 AM
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DEEDS
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201109215
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201109215 <br />spe�iffes a procedure for reporting Borrower's chamge of address, then Borrower shall only report a chauge of address <br />through that specified procedure. There may be only o�ae designated notice address under this Security Instrument <br />at any one time. A�y notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's <br />address stated herein unless Lender has designated another address by motice to Borrower. Any notice in co�tion <br />with this Security Instrument shall not be deemed to have been given to Lender unril actually receivai by Lender. <br />If any uotice required by this Security Instrument is also required under Applicable La.w, the A,pplzcable Law <br />requiremeat will satisfy the cozxesponding requinement under this S�urity Insm�ment. <br />16. Goveraing Law; Severa.b�Uitp; Rules of Construction. This Security InsUn�ment sha11 be govemed by <br />federal law and ttYe law of the jurisdiction in which the Properry is Iocate�.. AlI rights and obligaCions contained in <br />this S�urity Instrumenz are subject to any requirements and limitations of Applicable Law. Applicable Law might <br />e�licitly or implicidy allow the parties to agree by contract or it might be silent, but such silence shall not be <br />consp%ed as a pzohibition against agreement by contract. In the event that any provision or clause of this Security <br />Instrument or the Note conflicts with Applicable Law, such conflict shall not affect ether provisions af tYris Securiiy <br />Instr�ent or the Note which can be given effe.ct without the conflicting provision. <br />As vse.d. in this Security Instniment: (a) words of the masculine gender shall mean and include corresponding <br />neuter words or words of the f�*r+�n;nP g�d�; {b} wozds zn the singular shall mean and include the plural and vice <br />versa; and (c) the word "may" gives sole discretion without any obligatioa to take any action. <br />J.7. Borrower's Copy. Bonower shall be given one capy af ttie Note and of this Secuzity �sir�ment. <br />18. Transfer of the Properf.y or a Beneficiat Interest in Borrower. As used in this Section 18, °Interest in <br />the Praperty" means any iegal or beneficial interest in the Properry, inaluding, but not limited to, those beneficiai <br />interests transferred in a bond for deecl, contract for deed, installment sales contract or escrow agree�nent, tb.e intent <br />of which is the tsansfer of title by Borrower at a future date to a purchaser. <br />If all or any gart oP the Property or auy Interest in the Property is sold or transferred (or if Boaower is not a <br />natiu�tl person and a beneficial interest in Borrower is sold or tiansferred) without Lender's prior avritten consent, <br />I,euder may require immediate payment in full of alI sums secured by this Sectuity Instmment. However, tlais option <br />shall not be exercised by Lender if snch exercise is prohil�ited by Applicable Law. <br />If I,ender exercises this oprion, Lender shall give Borrower notice of acceleration. The notice shall provide a <br />period of not less tban 30 days from the date the notice is given in accordance wizh Section 15 within which Borrower <br />ma�st pay all sunas se.cured by tbis Security Instrument. If Borrower fails to pay these sums prior to the expiration of <br />this period, Lender may inrroke any remedies permitted by this Sectuity Instrament wirhout further notice or demand <br />on Bonower. <br />19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall <br />have the right to have enforc�ment af this Security Insm�ment discontimied at azry time prior to the earliest of: {a) <br />five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b} such <br />orher period as Applicable Law might specify for the termination of Borrower's right to rei.nstate; or (c) entry of a <br />jud.gment e�orcing this Security Instrumerrt. Those conditions are that Borrower: (a} pays Lender all sums which <br />then would be due undez this Security Instntment and the Note as if no acr.eleration had occurred; (b} cwres any default <br />of any other covemants oz aSzeements; (c) pays all expenses incurred in enforcing Yhis S�ity Instrument, including, <br />but not limited to, reasonable attorneys' fees, properly inspection and valuation fees, and other fces incurred for the <br />pwpose of protecting Lender's ir;terest in the Properry and. rigkcts under this Security ]'nstrument; and (d) takes sucli <br />acti.on as Lender may reasonably require to assure that I,ender's interest in the Properly and rights under this Security <br />Instrument, and Borrower's obligation to pay the su.ms secured by this Seeuriry Instrument, shall continue unchanged. <br />Lender may require that Borrower pay such reinstatemeut sums and ezpenses in one or more of the fallowing forms, <br />as sel�ted by Lender: (a} cash; (b) money order; (c) certi�ed che.ek, bank check, treasurer's check or cashier's check, <br />provided any such check is drawn upon an instaturion whose deposits are insured by a federal agency, uistrumentality <br />or eacity; or (d) IIectronic F�mds Tzansfez. Upon zeiw�statement by Borrower, this Security Instr�ment and obiigations <br />secured hereby shali remain fully effective as if no acx�Ieration had. occurred. However, this right to reinstate shall <br />not appIy in the case of acceleratiom under SecCioa 18. <br />20. Sale of Note; Change of Loan Servi�cez; Noi3ce of Grievance. The Note or a partial interest in the Note <br />(together witki t[�is Security Instn�ent) can be sold one or more times without prior notzce to Borrowez. A sale might <br />result in a change in the entity (knov�m as the "Loan Servicer") that collects Periodic Fayments due under the Note <br />and this Seevrity Instrunnent and pez�foz�us other mortgage Ioan servicing obligations under the Note, this Seauity <br />Insirument, and Applicable Law. 'Theze also might be one or more changes of the Loan Servicer unrelated to a sale <br />of the Note. Tf there is a change of the Loan Servicer, Borrower will be given written notic:e of the change which wiII <br />state the name and address of the new I.oan Servicer, the address to �+hich payments should be made a�ad any other <br />information RESPA requires in coznaection with a notice af transfer of servicing. If the Note is sold and thereafter <br />the Loan is serviced by a T.oan Servicer other than the purchaser of the Note, the mortgage loan servicing obligations <br />to Borrower wil.l remain. with the Loan Servicer or be transfenred to a successor Loxn Servicer and are not assumed <br />by the �Tote purcbaser unIess otherwise pmvided by the Note purchaser. <br />Neither Borrower nor Lender may commence, join, or be joined to any judicial action (as either an individual <br />litigant or the member of a class) that arises frona the other party' S a�tions pl��� ant to tY1is SeCUrity Instr[1meIIt or that <br />alleges that the other party has breacheci any provision of, or any duty owe� by reason of, t}ris Security Insinmient, <br />unril such Bonower or Lender has notified the other party (with such notice given in compIiance with the requiremerns <br />of Section 15) of such alleged br�ch and afforded the other party hereto a reasonable period after the givi�g of such <br />notice to take corrective action. If AppIicable T.aw provides a time period �cvhich must elapse before certaizi action <br />can be taken, tl�at tiune period. will be deemed to be reasonable for purposes of this para.graph. The notice of <br />accsleration and oppor[uniry to cure given to Borrower pvrsuant to Section 22 and the notice of acceleration given <br />NEBRASKA—Single Famity—Fannie Mae/Fraddie Mac UNIFORM INSTRIJMENT - MERS p���� <br />Form 3028 1/01 Page 8 of 11 www, docmagic. cam <br />Ne30Z8.mzd�ml <br />
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