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200113484 <br />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, <br />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 <br />and sale. If default is not cured, on or before the date specified in the notice, <br />Lender, at its option, may require immediate payment in full of all sums <br />secured by this Security Agreement without further demand and may invoke <br />the power of sale and any other remedies permitted by Nebraska Law. <br />Lender shall be entitled to collect all expenses incurred in pursuing the <br />remedies provided in this paragraph, including but not limited to reasonable <br />attorney fees and costs of title evidence. <br />12. 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 <br />of such notice in the manner prescribed by Nebraska Law. Trustee shall <br />give public notice of sale to the persons and in the manner prescribed by <br />Nebraska Law. Trustee, without demand on Borrower, shall sell the property <br />at public auction to the highest bidder at the time and place and under the <br />terms designated in the notice of sale in one or more parcels and in any <br />order Trustee determines. Trustee may postpone sale of all or any parcel of <br />the property by public announcement at the time and place of any previously <br />scheduled sale. Lender or its designee may purchase the property at any <br />sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the <br />purchaser Trustee's Deed conveying the property. The recitals in the <br />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: <br />(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 <br />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, <br />Lender (in person, by agent or by judicially appointed receiver) shall be <br />entitled to enter upon, take possession of and manage the property and to <br />collect the rents of the property, including those past due. Any rents <br />collected by Lender or the receiver shall be applied first to payment of the <br />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 <br />attorney fees, and then to the sums secured by this security instrument. <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 <br />note secured. Trustee shall reconvey the property without warranty and <br />without charge to the persons 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 <br />security instrument is recorded. Without conveyance of the property, the <br />successor Trustee shall succeed to all the title, power and duties conferred <br />upon Trustee herein and by Nebraska law. <br />-3- <br />