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20�206820 15. Rehabilitation Loan Agreemen� Borrower shall fulfill a11 of Borrower's obligations under any home rehabilitation, improvement, repair, or other loan agreement which Borrower enters into with Lender. Lender, at Lender's oprion, may require Borrower to execute and deliver to Lender, in a form acceptable to Lender, an assigiunent of any rights, claims or defenses which Borrower may have against parties who supply labor, materials or services in connection with improvements made to the Property. 16. 1Yansfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Properiy or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Deed of Trust. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Deed of Trust. If Lender exercises this option, Lender shall give Bonower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Deed of Trust. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Deed of Trust without further notice or demand on Borrower. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Acceleration; Remedi�. Ezcept as provided in paragraph 16 hereo� upon Borrower's breach of any covenant or agreement of Borrower in this Deed of 1Yust, inclnding Borrower's failure to pay, by the end of 10 calendar days after they are due, any sums secured by this Deed of 1Yust, Lender prior to accelerat3on shall give notice to Borrower as provided in paragraph 12 hereof specifying: (1) the breach; (2) the action required to cure such breach; (3) a date, not less than 20 days from the date the nottce is mailed to Borrower, by wtuch such breach must be cured; and (4) that failure to cure such breach on or before the date specified in the notice may result in acceleration of the sums secured by this Deed of Trust and sale of the Property. The notice shall further inform Borrower of the right to reinstate after acceleration and the right to bring a coart action to assert the nonezistence of a default or any other defense of Borrower to accelerat[on and sale. If the breach is not cured on or before the date specified in the notice, Lender, at Lender's option, may declare all of the sums secured by this Deed of 1Yust to be immediately due and payable without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entttled to collect all reasonable costs and egpenses incurred in pursuing the remedies provid� in this paragraph 17, inclnding, bnt not limited to, reasonable attorneys' fees. If the power of sale is invoked, Trustee shall record a notice of default in each county in which the Property or some part ther�f is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by appHcable law. After the lapse of snch 13me as may be required by applicable law, Trustee shall give public nol3ce of sale to the persons and in the manner prescribed by applicable law Trustee, without demand on Borrower, shall sell the Property at pubflc 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 such order as �Yast� may determine. Trustee may postpone sale of all or any parcel of the Property by pnblic annonncement at the time and place of any previonsly schednled sale. Lender or Lender's designee may purchase the Property at any sale. Upon receipt of payment of the price bid,lYustee shall deliver to the purchaser 1Yustee's deed conveying the Property sold. The recitals in the 1Yustee's deed shall be prima facie evidence of the truth of the statemenfa made therein. TYustee shall apply the proceeds of the sale in the following order: (a) to all reasonable costs and egpenses of the sale, including, but not limited to,lYustee's fees actually incnrred reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by tlus Deed of TYust; and (c) the egcess, if any, to the person or persons legally entlfled thereto. NEBRASKA - Second Mortgage -1/80 VMP-76(N� (0509) Page 5 of 7 Amen 7/04 Borrower(s) Initlals