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200105901 <br />shall be deemed to have been given to Borrower or Lender when given as provided <br />in this paragraph. <br />11. Governing Law; Severability. This Security Instrument shall be <br />governed by the law of the State of Nebraska. In the event that any provision <br />or clause of this Security Instrument or the Note conflicts with applicable law, <br />such conflict shall not affect other provisions of this Security Instrument or <br />the Note which can be given effect without the conflicting provision. To this <br />end the provisions of this Security instrument and the Note are declared to be <br />severable. <br />12. Borrower's Copy. Borrower shall be given one conformed copy of the <br />Note and of this Deed of Trust. <br />13. Transfer of the Property or a Beneficial Interest in Borrower. If all <br />or any part of the Property or any interest in it is sold or transferred (or if <br />a beneficial interest in the Borrower is sold or transferred and the new Borrower <br />is not a natural person) without Lender's prior written consent, Lender may, at <br />her option, require immediate payment in full of all sums secured by this Deed <br />of Trust. <br />If Lender exercises this option, Lender shall give Borrower notice of <br />acceleration. The notice shall provide a period of not less than 30 days from <br />the date the notice is delivered or mailed within which Borrower must pay all <br />sums secured by this Security Instrument. If Borrower fails to pay these sums <br />prior to the expiration of this period, Lender may invoke any remedies permitted <br />by this Security Instrument without further notice or demand on Borrower. <br />14. Borrower's Right to Reinstate. If Borrower meets certain conditions, <br />Borrower shall have the right to have enforcement of this Security Instrument <br />discontinued at any time prior to the earlier of: (a) 5 days (or such other <br />period as applicable law may specify for reinstatement) before sale of the <br />Property pursuant to any power of sale contained in this Security Instrument; or <br />(b) entry of a judgment enforcing this Security Instrument. Those conditions are <br />that Borrower: (a) pay Lender all sums which then would be due under this <br />Security Instrument and the Note had no acceleration occurred; (b) cure any <br />default of any other covenants or agreements; (c) pay all expenses incurred in <br />enforcing this Security Instrument, including, but not limited to, reasonable <br />attorneys' fees; and (d) take such action as Lender may reasonably require to <br />assure that the lien of this Security Instrument, Lender's rights in the Property <br />and Borrower' obligation to pay the sums secured by this Security Instrument, <br />shall continue unchanged. Upon reinstatement by Borrower, this Security <br />Instrument and the obligations secured hereby shall remain fully effective as if <br />no acceleration had occurred. However, this right to reinstate shall not apply <br />in the case of acceleration. <br />15. Acceleration; Remedies. Lender shall give notice to Borrower prior <br />to acceleration following Borrower's breach of any covenant or agreement in this <br />Security Instrument (but not prior to acceleration under paragraphs 9 and 13). <br />The notice shall specify: (a) the default; (b) the action required to cure the <br />default; (c) a date, not less than 30 days from the date the notice is given to <br />Borrower, by which the default must be cured; and (d) that failure to cure the <br />default on or before the date specified in the notice may result in acceleration <br />of the sums secured by this Security Instrument and sale of the Property. The <br />notice shall further inform Borrower of the right to reinstate after acceleration <br />and the right to bring a court action to assert the non - existence of a default <br />or any other defense of Borrower. If the default is not cured on or before the <br />date specified in the notice, Lender at her option may require immediate payment <br />in full of all sums secured by this Security Instrument without further demand <br />and may invoke the power of sale and any other remedies permitted by applicable <br />law. Lender shall be entitled to collect all expenses incurred in pursuing the <br />remedies in this paragraph, including, but not limited to, reasonable attorneys' <br />fees and costs of title evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default <br />in each county in which any part of the Property is located and shall mail copies <br />of such notice in the manner prescribed by applicable law to Borrower and to the <br />other persons prescribed by applicable law. After the time required by <br />applicable law, Trustee shall give public notice of sale to the persons and in <br />the manner prescribed by applicable law. Trustee, without demand on Borrower, <br />shall sell the 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 or more parcels <br />and in any order Trustee determines. Trustee may postpone sale of all or any <br />parcel of the Property by public announcement at the time and place of any <br />previously scheduled sale. Lender or her designees may purchase the Property at <br />any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the <br />purchaser Trustee's deed conveying the Property. The recitals in the Trustee's <br />3 <br />