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201200362 Period", as that term is defined in Section 42 of the Intemal Revenue Code. 13. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the property is located and shall mail copies of such notice in the manner prescribed by Nebraska law. Trustee shall give public notice of sale to the persons and in the manner prescribed by Nebraska law. Trustee, without demand on Borrower, shall sell the property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Tntstee may postpone sale of all or any parcel of the property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's Deed conveying the property. The recitals in the Trustee's Deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of sale in the following order: (a) to all expenses of the sale including, but not limited to, Trustee's fees as permitted by Nebraska law and reasonable attorney fees; (b) to all sums secured by this security agreement; and (c) any excess to the person or persons legally entitled to it. 14. Upon accelerarion under Paragraph 11 or abandonment of the properiy, Lender (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the properly and to collect the rents of the property, including those past due. Any rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the property and collection of rents including, but not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney fees, and then to the sums secured by this security instrument. 15. Upon payment of all sums as herein provided, Lender shall direct Trustee to reconvey the property and shall surrender this security instrument and the note secured. Trustee shall reconvey the property without warranty and without charge to the persons legally entitled to it. 16. Lender, at its option, may from time to time remove Trustee and appoint a successor Trustee by an instrument recorded 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 conferred upon Trustee herein and by Nebraska law. 17. Borrower requests that copies of all notices provided herein be sent to Borrower's address which is 2604 26�' Ave, Central City, NE 68826, and copies sent to Nebraska Fund XVI, L.P., c/o Midwest Housing Equity Group, Inc., 13520 California Street, Suite 250, Omaha, Nebraska 68154. IN WITNESS WHEREOF the Borrowers have signed this agreement. STONEW OD TOWNHOMES, LLC, a Nebraska Limi d iabi 'ty Compan at L. esner, Member of Housing Plus, LLC - Managing Member STATE OF NEBRASKA COUNTY OF MERRICK . ss. The foregoing instrument was acknowledged before me on November �� 2011, by Kathryn L. Mesner Member of Housin� Plus, LLC, Mana�in� Member of Stonewood Townhomes LLC. GENEAAI. NOTARY - State of Netrraska CRISTY R. LARSON My Comm. Exp. Feb.12, 2012 t_.I�� J� /_ �. � .��