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202601386 <br />11. Lender shall give notice to Borrower following Borrower's breach of any <br />covenant or agreement in this security agreement and the note which it secures. The <br />notice shall specify (a) the default, (b) the action required to cure the default, if applicable, <br />(c) a date not less than 10 days from the date the notice is given to Borrower by which the <br />default must be cured, and (d) that failure to cure the default on or before the date <br />specified in the notice may result in acceleration of the sum secured by this security <br />agreement and resale of the property. The notice shall further inform Borrower of the right <br />to reinstate, after acceleration, and the right to bring a court action to assert the <br />nonexistence of a default or any other defense of Borrower to acceleration and sale. If <br />default is not cured, on or before the date specified in the notice, Lender, at his option, may <br />require immediate payment in full of all sums secured by this security agreement without <br />further demand and may invoke the power of sale and any other remedies permitted by <br />Nebraska Law. Lender shall be entitled to collect all expenses incurred in pursuing the <br />remedies provided in this paragraph, including but not limited to a reasonable attorney fee <br />and costs of title evidence. <br />12. If the power of sale is invoked, Trustee shall record a notice of default in each <br />county in which any part of the property is located and shall mail copies of such notice in <br />the 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 the property at public auction to the highest bidder at the time and <br />place and under the terms designated in the notice of sale in one or more parcels and in <br />any order Trustee determines. 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, <br />Lender or his designee may purchase the property at any sale. <br />Upon receipt of payment of the 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 <br />facie evidence of the truth of the statements made therein. Trustee shall apply the <br />proceeds of sale in the following order: (a) to all expenses of the sale including, but not <br />limited to, Trustees's fees as permitted by Nebraska Law and reasonable attorney fees; <br />(b) to all sums secured by this security agreement; and (c) any excess to the person or <br />persons legally entitled to it. <br />13. Upon acceleration under Paragraph 12 or abandonment of the property, Lender <br />(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 <br />those past due. Any rents collected by Lender or the receiver shall be applied first to <br />payment of the costs of management of the property and collection of rents including, but <br />not limited to, receiver's fees, premiums on receiver's bonds, and reasonable attorney fees, <br />and then to the sums secured by this security agreement. <br />14. Upon payment of all sums as herein provided, Lender shall direct Trustee to <br />reconvey the property and shall surrender this security instrument and the note secured. <br />Trustee shall reconvey the property without warranty and without charge to the persons <br />legally entitled to it. <br />15. Lender, at its option, may, from time to time, remove Trustee and appoint a <br />successor Trustee by an instrument recorded in the county in which this security <br />agreement is recorded. Without conveyance of the property, the successor Trustee shall <br />succeed to all the title, power, and duties conferred upon Trustee herein and by Nebraska <br />Law. <br />3 <br />