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201406716
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Last modified
10/22/2014 4:03:08 PM
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10/22/2014 4:03:08 PM
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DEEDS
Inst Number
201406716
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5 <br />201406716 <br />acceleration and sale. If default is not cured, on <br />or before the date specified in the notice, <br />LENDERs, at their option, may require immediately <br />payment in full of all sums secured by this <br />security agreement without further demand and may <br />invoke the power of sale and any other remedies <br />permitted by Nebraska law. LENDERS shall be <br />entitled to collect all expenses incurred in <br />pursuing the remedies provided in this paragraph, <br />including but not limited to reasonable attorney <br />fees and costs of title evidence. <br />16. If the power of sale is invoked, TRUSTEE shall record a <br />notice of default in each County in which any part of the property <br />is located and shall mail copies of such notice in the manner <br />prescribed by Nebraska law. The TRUSTEE shall give public notice <br />of sale to the persons and in the manner prescribed by Nebraska <br />law. The TRUSTEE, without demand on BORROWER, shall sell the <br />property at public auction to the highest bidder at the time and <br />place and under the terms designated in the notice of sale in one <br />or more parcels and in any order TRUSTEE determines. The TRUSTEE <br />may postpone sale of all or any parcel of the property by public <br />announcement at the time and place of any previously scheduled <br />sale. LENDERS or their designee may purchase the property at any <br />sale. <br />Upon receipt of payment of the price bid, TRUSTEE shall <br />deliver to the purchaser a Trustee's Deed conveying the property. <br />The recitals in the Trustee's Deed shall be prima facie evidence of <br />the truth of the statements made therein. The TRUSTEE shall apply <br />the proceeds of sale in the following order: <br />(a) To all expenses of the sale including, but not <br />limited to, TRUSTEE's fees as permitted by Nebraska <br />law and reasonable attorney fees; <br />(b) To all sums secured by this security agreement; <br />and; <br />
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