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201205175 sum secured by this security agreement and resale of the property. The notice shall further inform BORROWER of the right to reinstate, after acceleration, and the right to bring a court action to assert the noneacistence of a default or any other defense of BORROWER to acceleration and sale. If default is not cured, on or before the date specified in the notice, LENDER, at its option, may require immediate payment in full of all sums secured by this security agreement without further demand and may invoke the power of sale and any other remedies permitted by Nebraska Law. LENDER shall be entitled to collect all expenses incuned in pursuing the remedies provided in this paragraph, including but not limited to a reasonable attorney fees, to the extent allowed by law, and costs of title evidence. 13. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the properly 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, 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. Trustee may postpone sale of all or a.ny 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 acceleration under Paragraph 12 or abandonment of the property, LENDER (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the property 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, to the extent allowed by law, and then to the sums secured by this security instrument. 15. Upon payment of all sums as herein provided, LENDER sha.11 direct Trustee to re-convey the property and shall surrender this security instrument and the note secured. Trustee shall re- convey the property without warrant 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 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 conferred upon Trustee herein and by Nebraska law. 17. BORROWER AND LENDER agree that no title insurance or search of tract or grant index will be a requirement of this trust agreement. IN WITNESS WHEREOF the BORROWERS have signed this agreement.