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202204941
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7/5/2022 11:04:14 AM
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7/5/2022 11:04:13 AM
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202204941
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202204941 <br />and any other remedies permitted by applicable law. Lender shall be entitled to collect all <br />reasonable costs and expenses incurred in pursuing the remedies provided in this paragraph 22, <br />including, but not limited to, reasonable attorneys' fees. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in <br />which the Property or some part thereof is located and shall mail copies of such notice in the <br />manner prescribed by applicable law to Borrower and to the other persons prescribed by <br />applicable law. After the lapse of such time as may be required by applicable law, Trustee shall <br />give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, <br />without demand on Borrower, shall sell the Property at public auction to the highest bidder at the <br />time and place and under the terms designated in the notice of sale in one or more parcels and In <br />such order as Trustee may determine. Trustee may postpone sale of all or any parcel of the <br />Property by public announcement at the time and place of any previously scheduled sale. Lender <br />or Lender's designee 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 sold. The recitals in the Trustee's deed shall be prima facie evidence <br />of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the <br />following order: (a) to all reasonable costs and expenses of the sale, including, but not limited to, <br />Trustee's fees actually incurred of not more than %of the gross sale price, reasonable <br />attorneys' fees and costs of title evidence; (b) to all sums secured by this Security Instrument; <br />and (c) the excess, if any, to the person or persons legally entitled thereto. <br />23. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the <br />right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of (I) five <br />days (or such other period as applicable law may specify for reinstatement) before sale of the Property <br />pursuant to any power of sale contained in this Security Instrument or (ii) entry of a judgment enforcing <br />this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which would then <br />be due under this Security Instrument and the Credit Agreement had no acceleration occurred; (b) cures <br />all events of default under this Security Instrument and the Credit Agreement; (c) pays all reasonable <br />expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable <br />attorneys' fees; and (d) takes such action as Lender may reasonably require to assure that the lien of this <br />Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured by <br />this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security <br />Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had <br />occurred. However, this right to reinstate shall not apply in the case of acceleration under paragraph 21. <br />24. Reconveyance. This Security Instrument secures a revolving line of credit and advances may be <br />made, repaid, and remade from time to time, under the terms of the Credit Agreement. When, according <br />to the terms of the Credit Agreement, no more advances will be made, and Borrower has paid all sums <br />secured by this Security Instrument (or earlier if required by applicable law), Lender shall request Trustee <br />to reconvey the Property and shall surrender this Security Instrument and the Credit Agreement to <br />Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or <br />persons legally entitled thereto. Such person or persons shall pay all costs of recordation, if any. <br />25. Substitute Trustee. Lender may from time to time in Lender's discretion remove Trustee and <br />appoint a successor trustee to any Trustee appointed hereunder. Without conveyance of the Property, the <br />successor trustee shall succeed to all the title, power and duties conferred upon the Trustee herein and <br />by applicable law. <br />26. Request for Notices. Borrower (Trustor) and Lender (Beneficiary) request pursuant to Neb. <br />Rev. Stat. 76-1008 that a copy of any notice of default and a copy of any notice of sale hereunder be <br />mailed to Lender, at the address shown on the first page of this Security Instrument, and to Borrower and <br />Trustee at the following addresses. <br />Borrower Christopher L Young <br />Address 11580 S. Cameron Road <br />City, State, Zip Wood River, NE 68883 <br />Borrower Faith Young <br />Address 11580 S. Cameron Road <br />City, State, Zip Wood River, NE 68883 <br />Borrower <br />Address <br />City, State, Zip <br />Page 6 of 7 ENE999•E (NE) <br />
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