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201109236
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Last modified
1/5/2012 9:47:46 AM
Creation date
12/9/2011 8:45:14 AM
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DEEDS
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201109236
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�Q��O9�3G <br />designated a substitute notice address by notice to Lender. Borrower shall prompUy notify Lender of <br />Borrower's change of address. If Lender specifies a procedure for reporting Borro�ver's change of address, <br />thcn Borrowcr shall only rcport a changc of address through that spccificd proccdurc. <br />There maj� be only one designated notice address under this Security InsWment at a� one time. Any notice <br />lo Lender shall be given by delivering it or by mailing il by tirst class mail to Lender's address slaled herein <br />unless Lender has designated another address by notice to Borrawer. Any notice in connection with this <br />Security instrument shall not be deemed to have been given to Lender until aetually received by Lender. If <br />any notice required by dus Security Instrument is also required under Applicable La��, the Applicable Law <br />requirement will satisfy the conesponding reyuirement under this Securitv Instrument. <br />16. GoverningLaw; Severability; Rules of Construction.This Security Instrument shall be governed by <br />fcdcral law and thc law of thc jurisdiction in which thc Property� is locatcd. All rights and obligations <br />cont�lined in this Security Instrument are subject to any requirements and limitations of Applicable Law. <br />Applicable Law might e�plicitly or implicitly allow the parties to agree bY contract or it might be silent, bnt <br />such silence shall not be construed as a prolubition agai»st agreement by conlract. In the event lhat any <br />provision or clause of this Security instrument or the Note conflicts with Applicable Law, such conflict shall <br />not affect other provisions of tlus Security Instrument or the Note wlucl� can be given effect witliout the <br />conflicting provision. <br />As used in this Security Instrument: (a) words of the mascaline gender shall 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 vicc vcrsa; and (c) thc word "may" givcs solc discrction without any obligation to takc any acuon. <br />17. Borrower's Copy. Borrower skwll be gi�en one copy of the Note and of this Secnrity lnstrument. ' <br />18. Transferof the Propertyor a Beneficiallnterest in Barrower.As used in this Section 18, "Interest in <br />the Property" means a�ry legal or bene�cial 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 transfer of title by Borrow�er at a future date to a purchaser. <br />If all or any part of the Propeny or any Interest in the Propertj° is sold or transferred (or if Borrower is not a <br />natural person and a bcncficial intcrest in Borrowcr is sold or trai�sfcrrcd) without Lcndcr's prior writtcn <br />consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. <br />However, this option shall not be e�ercised by Lender if such esercise is prohibited by Applicable Law. <br />If Lender esercises this option, Lender shall give Borrower nolice of acceleration. The notice sl�all provide a <br />period of not less than 30 days from the date the notice is given in accordance with Section IS �vithin which <br />' Borrower must pay all sums secured b}r this Security Instrument. If Borrower fails to pay these sums prior to <br />the e�piration of this period, Lender may im�oke any remedies pernutted by this Security Instrument without <br />fufther notice or demand on Borrower. <br />19. Borrower's Rightta ReinstateAfter Acceleration.If Borro��cr mccts ccrtain conditions, Borrowcr <br />shall havc thc right to havc cnforccmcnt of this Sccurity Instrumcnt discontinucd at any timc prior to thc <br />earliest of: (a) five days before sale of the Pmperty pursik�nt to any power of sale contained in this Security <br />Instrumenl; (b) such other period as Applicable Law mighl specify for Qie ternunation of Borrower's right to <br />reinstate; or (c) ent�� of a judgment enforcing tl�is 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 />acceleradon had occurred; (b) cures any default of any other covenants or agreements; (c) pays all e�penses <br />incuned in enforcing this Security Instnunent, 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 Form 30281/01 <br />VMP 0 VMPB(N� (110�.00 <br />Wolters Kluwer Finandal Semces Page 12 of 17 <br />
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