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201801751 <br /> for the same shall include a standard mortgage clause showing Lender herein. In event of <br /> loss,Lender may make proof of loss if not promptly made by Owners. Insurance proceeds <br /> shall be applied to restoration or repair of the property damaged,unless both parties <br /> otherwise agree,except if restoration or repair is not economically feasible or Lender's <br /> security is not lessened,otherwise said proceeds shall be paid on the debt herein,whether or <br /> not then due. <br /> Unless Lender and Owners otherwise agree in writing,any payments or proceeds from <br /> insurance shall not extend or postpone the due date of the monthly payments provided in said <br /> Note,or change the amount of the payments. <br /> 6. If Owners fail to perform the covenants and agreements herein contained,Lender may do and <br /> pay for whatever is necessary to protect the value of the property and Lender's rights in the <br /> property,including the paying of any sum secured by a lien which has priority over this <br /> security instrument,appearing in Court,paying reasonable attorney fees and entering the <br /> property to make repairs. Any amount disbursed by Lender under this paragraph shall <br /> become an additional debt of Owners secured by this security instrument,to bear interest <br /> from the date of disbursement and said amount,together with the then unpaid principal <br /> amount,shall bear interest at the highest lawful rate until refunded by Owners. <br /> 7. The proceeds of any condemnation award are hereby assigned and shall be paid to Lender <br /> and shall be applied to the sums secured by this security instrument,whether or not then due, <br /> with any excess paid to Owner. <br /> 8. Any extensions or modifications of the loan granted by Lender to any successor in Interest of <br /> Owners shall not operate to release the liability of the original Owners or Owners,successors <br /> in interest. Any forbearance by Lender in exercising any right or remedy shall not be a <br /> waiver of or preclude the exercise of any right or remedy. <br /> 9. Any notice to Owners provided for in this security instrument shall be given by delivering it <br /> or may mailing it by first class mail unless Nebraska law requires use of another method,at <br /> the Owners'last known address. <br /> 10. This security instrument,and the Note which it secures,shall be governed by Nebraska law. <br /> 11. Lender shall give notice to Owners following Borrowers'breach of any covenant or <br /> agreement in this security agreement and the Note which it secures. The notice shall specify <br /> (a)the default,(b)the action required to cure the default,(c)a date not less than thirty(30) <br /> days from the date the notice is given to Borrowers 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 <br /> notice shall further inform Borrowers of the right to reinstate,after acceleration,and the right <br /> to bring a Court action to assert the nonexistence of a default or any other defense of <br /> Borrowers to acceleration and sale.If default is not cured,on or before the date specified in <br /> the notice,Lender,at its option,may require immediate payment in full of all sums secured <br /> by this Security Agreement without further demand and may invoke the power of sale and <br /> any other remedies permitted by Nebraska law. Lender shall be entitled to collect all <br /> expenses incurred in pursuing the remedies provided in this paragraph,including,but not <br /> limited to,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 county in <br /> which any part of the property is located and shall mail copies of such notice in the manner <br /> prescribed by Nebraska law. Trustee shall give public notice of sale to the persons and in the <br /> manner prescribed by Nebraska law. Trustee,without demand on Owners,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 in one(1)or more parcels and in any order Trustee <br /> determines. Trustee may postpone sale of all or any parcel of the property by public <br /> announcement at the time and place of any previously scheduled sale. Lender or its designee <br /> may purchase 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 <br /> evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the <br /> sale in the following order:(a)to all expenses of the sale including,but not limited to, <br /> Trustee's fees as permitted by Nebraska law and reasonable attorney fees,(b)to all sums <br /> secured by this security agreement;and(c)any excess to the person or persons legally <br /> entitled to it. <br /> 13. Upon acceleration under Paragraph 12 or abandonment of the property,Lender(in person,by <br /> agent or by judicially appointed receiver)shall be entitled to enter upon,take possession of <br /> and manage the property and to collect the rents of the property,including those past due. <br /> Any rents collected by Lender or the receiver shall be applied first to payment of the costs of <br />