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202501 51 9 <br />or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy <br />shall not be a waiver of or preclude the exercise of any right or remedy. <br />8. Any notice to Borrower provided for in this security instrument shall be <br />given by delivering it or by mailing it by first class mail unless Nebraska Law requires use of <br />another method, at the Borrower's last known address. <br />9. This Deed of Trust and the note which it secures shall be governed by <br />Nebraska law. <br />10. Lender shall give notice to Borrower following Borrower's breach or default <br />of any covenant or agreement in this Deed of Trust and the note which it secures. The notice shall <br />specify (a) the default, (b) the action required to cure the default, (c) a date not less than 30 days <br />from the date the notice is given to Borrower by which the default must be cured, and (d) that <br />failure to cure the default on or before the date specified in the notice may result in acceleration of <br />the sum secured by this Deed of Trust and resale of the property. The notice shall further inform <br />Borrower of the right to reinstate, after acceleration, and the right to bring a court action to assert <br />the nonexistence of a default or any other defense of Borrower to acceleration and sale, if default <br />is not cured, on or before the date specified in the notice. Lender, at its option, may require <br />immediate payment in full of all sums secured by this Deed of Trust without further demand and <br />may invoke the power of sale and any other remedies permitted by Nebraska law. Lender shall be <br />entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph, <br />including but not limited to a reasonable attorney fee and costs of title evidence. <br />11. If the power of sale is invoked, Trustee shall record a notice of default in <br />each county in 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 persons and in <br />the manner prescribed by Nebraska law. Trustee, without demand on Borrower, shall sell the <br />property at public auction to the highest bidder at the time and place and under the terms designated <br />in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may <br />postpone sale of all or any parcel of the property by public announcement at the time and place of <br />any previously scheduled sale. Lender or its designee may purchase the property at any sale. <br />Upon receipt of payment of price bid, Trustee shall deliver to the purchaser <br />Trustee's 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 sale in <br />the following order: (a) to all expenses of the sale including, but not limited to, Trustee's fees as <br />permitted by Nebraska law and reasonable attorney fees; (b) to all sums secured by this Deed of <br />Trust; and (c) any excess to the person or persons legally entitled to it. <br />12. Upon acceleration under Paragraph 10 or abandonment of the property, <br />Lender (in person, 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 those past <br />due. Any rents collected by Lender or the receiver shall be applied first to payment of the costs of <br />3 <br />