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202010145 <br />7. This security instrument and the note which it secures shall be governed by Nebraska <br />Law. <br />8. Lender shall give notice to Borrower following Borrower's breach of any covenant or <br />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 default, (c) a date not less than 30 <br />days from the date the notice is given to Borrower by which the default must be cured, <br />and (d) that failure to cure the default on or before the date specified in the notice may <br />result in acceleration of the sum secured by this security agreement and resale of the <br />property. The notice shall further inform Borrower of the right to reinstate, after <br />acceleration, and the right to bring a court action to assert the nonexistence of a default or <br />any other defense of Borrower to acceleration and sale. If default is not cured, on or <br />before the date specified in the notice, Lender at its option, may require immediate <br />payment in full of all sum secured by this Security agreement, and in accordance with the <br />amortization schedule, without further demand and may invoke the power of sale and any <br />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 cost of title evidence. <br />9. 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 <br />manner prescribed by Nebraska Law. Trustee shall give public notice of sale to the <br />persons and in the manner prescribed by Nebraska Law, Trustee, without demand on <br />Borrower. Shall sell at public auction to the highest bidder at the time and place and <br />under the terms designated in the notice of sale in one or more parcels and in any order <br />Trustee determines. Trustee may postpone sale of all or any parcel of the property by <br />public announcement at the time and place of any previously scheduled sale. Lender or <br />its designee may purchase the property at any sale. Upon receipt of payment of this price <br />bid, Trustee shall deliver to the purchase Trustee's Deed conveying the property. The <br />recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements <br />made therein. Trustee shall apply the proceeds of sale in the following order: (a) to all <br />expenses of the sale including, but not limited to, Trustee's fees as permitted by Nebraska <br />Law and reasonable attorney fees, (b) to all sums secured by this security agreement, and <br />(c) any excess to the person or persons legally entitled to it. <br />10. Upon acceleration under paragraph 8 or abandonment of the property, Lender (in person, <br />by agent, or by judicially appointed receiver) shall be entitled to enter upon, take <br />possession of and manage the property and to collect the rents of the property including <br />those past due. Any rents collected by Lender or the receiver shall be applied first to the <br />pay most of the costs of management of the property and collection of rents including , <br />