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2�11fl9560 16. Acceleration; Remedies. Lenders shall give notice to Borrower prior to acceleration Pollowing Borrower's breach of any covenant or a,greement in this Security Instrument (but not prior to acceleration under paragraphs 14 ). The notice sha11 specify: (a) the default; (b) the aetion reqwred to cure the default; (c) a date, not less than 30 da.ys from the date the notice is given to Borrower, by which the default must be cured; and {d) tha.t fa.ilure to cure the default on or before the date specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. If the default is not cured on or before the date specified in the notice, Lenders at their option ma.y require immediate payment in full of all sums secured by this Security Instrument without further demand and ma.y invoke the power of sale and any other remedies permitted by applicable law. Lenders shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 16, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which y part of the Property is located and shall mail copies of such notice in the manner prescnbed by plicable law to Borrower and to the other persons prescribed by applicable law. After the time �uued by applicable law, Trustee shall give public notice of sale to the persons and in the manner escribed by applicable law. Trustee, without demand on Bonower, shall sell the Properiy at public ction to the lvghest bidder at the time and place and under the terms designated in the notice of sale one or more parcels and in any order Trustee determines. Trustee ma.y postpone sale of all or any rcel of the Property by public announcement at the time and place of any previously scheduled sale. ;nders or their designees may purchase the Property at any sale. Upon receipt ofpayment ofthe price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Properry. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements ma,de therein. Trostee sha11 apply the proceeds of the sale in the following order: (a) to a11 expenses of the sa1e, including, but not limited to, Trustee's fees as permitted by applicable law and rea.sonable attorneys' fees; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 17. Lenders in Possession. Upon acceleration of the debt or abandonment of the Property, �rs (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take �ssion of and manage the Property and to collect the rents of the Property including those past Any rents collected by Lenders or the receiver shall be applied first to payment of the costs of gement of the Property and collection of rents, including, but not limited to, receiver's fees, iums on receiver's bonds and reasonable attomeys' fees, and then to the sums secured by this itv Instrument. 18. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lenders request Trustee to reconvey the Property and shall surrender this Secunty Instrument and a11 � evidencing debt secured by this Security Instrument to Trustee. Trustee sha11 reconvey the erty without warranty and without chazge to the person or persons legally entitled to it. Such >n or persons shall pay any recording costs. 19. Substitute Trustee. Lenders, at their option, may from time to time remove Trustee and �ppoint a successor trustee to a.ny Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties confened upon Trustee herein and by applicable law. 20. Request for Notices. Bonower requests tha.t copies of the notices of default and sale be to Bonower's address which is P.O. Box 284, Cairo, NE 68824. BY SIGNIlVG BELOW, Bonower accepts and agrees to the terms and covena.nts contained this Security Instrument. �/ � Ricky D. Rea,ves, a single person, Bonower ATE OF NEBRASKA ) )ss: fUNTY OF HALL ) The foregoing was acknowledged before me on the 'Sda,y of ��"'�-� . 201 l, by Ricky Rea.ves, a single person, to be his voluntary a d deed. > �9� �� � �Y • � ot Nebr� otary Public DENISE 0. MYERS 1�+ G�mn, 6� Nov � �14 - 4