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<br /> • ��'��:�'�� it hereunder or under any other Loan Ducuments or Relaced i.oan Documents. all as the Lender ���`:_-
<br /> '� � o s e s. T h e L e n d e r, o r T r u s t e e a ctin g for the benefit of �.;:Y=
<br /> .�� . shall deem most effectual for suc h purp
<br /> '��;:,. Lender,shall take action either by such proceedings or by the exercise of its powers with respect
<br /> : to enuy or taking possession.as the Lender may determine. �`
<br /> �:'��;
<br /> . �b) Lender at its option may invoke the puwer of salc gr�nted herein. If the �-_�
<br /> ���,.� '» _
<br /> _ ,- power of sale invoked,Trustee shall record a notice of default in each counry in which any part ��
<br /> � , of the Property �s located and shall mail copies of the notice in l�ab e 1 we1 Afterrthe time -=Y
<br />��'` • , applicable law to Borrower and to the other persons prescrlbed by app ..
<br /> re uired by applicable law, Trustee shall give public notice of the sale to the persons and in the �'
<br /> :.�. .. �_.:.. q
<br /> �4 ,. manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the _
<br /> `�' property and such other Collateral as Lender may designate at public auctlon to the hishest bldder
<br /> � 1 � p . at the tlme and place and under the terms designated in the notice of sale in one or more parcels
<br /> .�.'�-4 and in any order Trustee determinc:s. Trustee may postpone the sale of all or any parcel of the
<br /> Property and other Collateral by public announcement at the time and place of any previously
<br /> � scheduled sale. On receipt of payment of the pri ol ateral sold eursuant tlo such power af sale.
<br />_ � • Trustee's deed conveying the Property and other C P
<br /> .,.; The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made
<br /> - - - . therein. A copy o f any no tice o f d e f a u l t a nd a co p y of an y notice of sale under this Deed of Trust
<br /> � � `: shall}�e mailed to each g�erson who is a party hereto at the address of each such party as set forth
<br /> �' herein.
<br />�''1�s.,�'�Y�'' ` rrhACp bv L.�nder. Upon any foreclosure sale,Lender may bid for and purchase
<br /> y'`��'�` :.�::� f 3.07 Pu
<br /> -- •• the Collateral and shall be entitled to apply all or any part of uie Loan Obligations as a credit to
<br />�,�:._��.�::,;
<br />-,-;y�;:- -;.�: the purchase price.
<br />'_�p_yV _
<br /> � "'"'�' 3.08 A uli Ation of Procee 1s of Sale. In the event of a foreclosure or other sale of all
<br /> ••i':lt�
<br /> =��ti�•�,r;'� or any portion of the Collateral,the proceeds of said sale shall be applied, first� to the expenses
<br />=�����#'" �" of such sale and of all proceedings in counection therewith, including reasonable attorney's fees
<br /> �- �:�•..
<br /> :' ������ and expenses and fees and expenses of ttte Trustee,provided the Trustee's fee will not excee
<br />«. '�:_':.� .
<br /> :� ^' ':�"'��. $5,000 (and attorney's fees and expenses and fees and expenses of the Trustee shall become
<br />-__+„�;....,�...:
<br />_.�- _ absolutely due and payable whenever foreclosure is commenced); then to payment of the oan
<br /> `= � . Obligations in such order of priority as p.ender shall determine, in its sole discretion (including,
<br />"��;,� �: but not limited to, principal, interest and premium,if any,with respect to the Loan and Related
<br /> I .; h' Loans and insurance premiums, l i e n s, a s s e s s ments,taxes and charges, including utility charges
<br />..—..`�,�u�..�
<br /> �:.�; �..�'i and any other amounts advanced by Lender hereunder, and interest thereon); next to payment of _
<br />�'='"' junior trust deeds, mortgages or other lienholders; and finally the remainder, if any, shall be paid
<br />- � `��� to the person or endry lawfully entitled thereto, all subject to and in accordance with the laws of �r
<br /> � = the State of Nebraska then in effect.
<br /> a =-
<br /> "� 3.09 �4i��'°°" '� Tenan FIoldinQ Over. In the event of any such foreclosure sale, � .
<br /> Borrower (if it shall remain in possession) shall be deemed a tez�ant holding over and shall �_
<br /> , �
<br /> � 16
<br /> 489846.3
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