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200102665 <br />would be contrary to applicable law, in which event such amounts shall bear interest at the highest <br />rate which may be collected from Borrower under applicable law. <br />Any entering upon and taking and maintaining of control of the Property by Lender or the <br />receiver and any application of rents as provided herein shall not cure or waive any default hereunder <br />or invalidate any other right or remedy of Lender under applicable law or provided herein. This <br />assignment of rents of the Property shall terminate at such time as this Instrument ceases to secure <br />indebtedness held by Lender. <br />Non - Uniform Covenants. Borrower and Lender further covenant and agree as follows: <br />26. ACCELERATION; REMEDIES. Subject to the provisions of paragraph 28 <br />regarding notice and cure periods, upon Borrower's breach of any covenant or agreement of <br />Borrower in this Instrument and/or the Loan Documents, including, but not limited to, the covenants <br />to pay when due any sums secured by this Instrument, or the uncured default in the $$900,000 <br />promissory note or any of the loan documents evidencing or securing said note given by Robert M. <br />Allen Family Limited Partnership to Lender, then Lender at Lender's option may declare all of the <br />sums secured by this Instrument to be immediately due and payable without further demand. and may <br />invoke the power of sale and any other remedies permitted by applicable law or provided herein. <br />Borrower acknowledges that the power of sale herein granted may be exercised by Lender without <br />prior judicial hearing. Borrower has the right to bring an action to assent the non - existence of a <br />breach or any other defense of Borrower to acceleration and sale. Lender shall be entitled to collect <br />all costs and expenses incurred in pursuing such remedies. including, but not limited to, attorney's <br />fees and costs of documentary evidence, abstracts and title reports. <br />If Lender invokes the power of sale, Lender or Trustee shall mail copies of a notice of sale <br />in the manner prescribed by applicable law to Borrower and to the other persons prescribed by <br />applicable law. Trustee shall give public notice of sale and shall sell the Property according to the <br />laws of Nebraska. Trustee may sell the Property at the time and place and under the terms designated <br />in the notice of sale in one or more parcels and in such order as Trustee may determine. Trustee may <br />postpone sale of all or any parcel of the Property to any later time on the same date by public <br />announcement at the time and place of any previously scheduled sale. Lender or Lender's designee <br />may purchase the Property at any sale. <br />Trustee shall deliver to the purchaser Trustee's deed conveying the Property so sold without <br />any covenant or warranty, expressed or implied. The recitals in the Trustee's deed shall be prima facie <br />evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in <br />the following order (a) to all costs and expenses of the sale, including, but not limited to, Trustee's <br />and attorney's fees and costs oftitle evidence; (b) to all sums secured by this Instrument in such order <br />as Lender, in Lender's sole discretion, direct; and (c) the excess. if any, to the person or persons <br />legally entitled thereto. <br />27. EXCULPATION. Except as otherwise set forth in this paragraph, the liability ofthe <br />Borrower and the Responsible Parties under the Loan Documents shall be limited to, and satisfied <br />from, the Property and the proceeds thereof, the rents and all other income arising from the Property, <br />and any other assets ofBorrower related to the Property (collectively referred to as the "Collateral ") <br />1048094.1 15 <br />