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201401557 <br />9. Any notice to Trustors provided for in this security instrument shall be given by <br />delivering it or may mailing it by first class mail unless Nebraska Law requires use of another <br />method, at the Trustors' last known address. <br />10. This security instrument and the note, which it secures, shall be governed by <br />Nebraska law. <br />11. Beneficiaries shall give notice to Trustors following Trustors' breach of any <br />covenant or agreement in this security agreement and the note, which it secures. The notice shall <br />specify (a) the default, (b) the action required to cure the default, (c) a date not less than thirty <br />(30) days from the date of the notice is given to Trustors by which the default must be cured, and <br />(d) that failure to cure the default on or before the date specified in the notice may result in <br />acceleration of the sum secured by this security agreement and resale of the property. The notice <br />shall further inform Trustors of the right to reinstate, after acceleration, and the right to bring a <br />court action to assert the nonexistence of a default or any other defense of Trustors to <br />acceleration and sale. If default is not cured, on or before the date specified in the notice, <br />Beneficiaries, at their option, may require immediate payment in full of all sums secured by this <br />Security Agreement without further demand and may invoke the power of sale and any other <br />remedies permitted by Nebraska law. Beneficiaries shall be entitled to collect all expenses <br />incurred in pursuing the remedies provided in this paragraph, including but not limited to <br />reasonable attorney fees and costs of title evidence. <br />12. If the power of sale is invoked, Trustee shall record a notice of default in each <br />county in which any part of the property is located and shall mail copies of such notice in the <br />manner prescribed by Nebraska law. Trustee shall give public notice of sale to the persons and <br />in the manner prescribed by Nebraska law. Trustee, without demand on Trustors, shall sell the <br />property at public auction to the highest bidder at the time and place and under the terms <br />designated in the notice of sale of all or any parcel of the property by public announcement at the <br />time and place of any previously scheduled sale. Beneficiaries or their designee may purchase <br />the property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's <br />Deed conveying the property. The recitals in the Trustee's Deed shall be prima facie evidence of <br />the truth of the statements made therein. Trustee shall apply the proceeds of sale in the following <br />order: (a) to all expenses of the sale including, but not limited to, Trustee's fees as permitted by <br />Nebraska law and reasonable attorney fees; (b) to all sums secured by this security agreement; <br />and (c) any excess to the person or persons legally entitled to it. <br />13. Upon acceleration under Paragraph 12 or abandonment of the property, <br />Beneficiaries (in person, by agent or by judicially appointed receiver) shall be entitled to enter <br />upon, take possession of and manage the property and to collect the rents of the property, <br />including those past due. Any rents collected by Beneficiaries or the receiver shall be applied <br />first to payment of the costs of management of the property and collection of rents including, but <br />not limited to, receiver's fees, premiums on receiver's bonds and reasonable attorney fees, and <br />then to the sums secured by this security instrument. <br />Page 3 <br />