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200400572 this cur obligations hereby effective acceleration had occurred. However, this right o reinstate shall not apply n the case of acceleration under paragraph 14. 16. Acceleration; Remedies. Lenders shall give notice to Borrowers prior to acceleration following Borrowers' breach of any covenant or agreement in this Security Instrument (but not prior to acceleration under paragraphs 14 unless applicable law provides otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, nanld (d) thattfaiiilure3 o days ue he default on orr before the date to Borrowers, by which the default must be cured; specified in the notice may result in acceleration of the sums secured by this Security Instrument and sale of the Property. The notice shall further inform Borrowers of the right to reinstate after acceleration and the right to bring a court action to assert the non - existence of a default or any other defense of Borrowers to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lenders at their option may acceleration. this Security Instrument without further require immediate payment in full of all sums secured b demand and may invoke the power of sale and any other remedies permitted by applicable law. Lenders shall be entitled to collect all ex limited to, reasonable alto neyscfees and costs ofttitle evidence. provided in this paragraph including, but not the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrowers and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrowers, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order anpreviously l parcel public at the time ndplace of Trustee ny schedu ed sale. Lndersorthei designees may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's Deed conveying the Property. The recitals in the Trustee's Deed shall be prima facie evidence of the truth of the all statements made therein. Trustee shall apply the proceeds offthe sale in the permitted applicable (lawt and expenses of the sale, including, but not limited to, reasonable attorneys' fees; (b) to all sums secured Trustee's by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 17. Lenders in Possession. Upon acceleration under paragraph 16 or abandonment of the Property, Lenders (in person, by agent or by judicially appointed receiver) shall be entitled to enter upon, take possession of and manage the Property and to collect the rents of the Property including those past due. Any rents collected by Lenders or the receiver shall be applied first to payment of the costs of management of the andp reasonable collection atto attorneys' fees, and hen to but not the sulmstsecured by this Security Instrument. receiver's bonds 18. Reconveyance. Upon paymentof all sums secured by this Security Instrument, Lenders shall request Trustee to reconvey the Property and shall surrenderthis Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 19. Substitute Trustee. Lenders, at their option, may from time to time remove Trustee and appoint a successor Trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor Trustee shall succeed to all the title, power, and duties conferred upon Trustee herein and by applicable law. 20. Request for Notices. Borrowers request that copies of the notices of default and sale be sent to Borrowers' address. BY SIGNING BELOW, Borrowers accept and agree to the terms and covenants contained in this Security Instrument. STATE OF NEBRASKA) )ss: BOUNTY OF HALL } The foregoing was acknowledged before me on the /L day of 1 2004, Michael R. Lilienthal and Amye K. Lilienthal, husband and wife, to be their Vol tary act a6b deed. Notary Public GENERAL NOTARY - State of Nebraska TERRIDETHLEFS My Comm. Exp. Jan. 22, 2007 by