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200410419
<br />TRUSTEE SHALL MAIL COPIES OF SUCH NOTICE, IN THE MANNER REQUIRED BY APPLICABLE LAW, TO US
<br />AND TO ANY OTHER PERSONS WHO ARE ENTITLED TO NOTICE UNDER APPLICABLE LAW. AFTER THE
<br />LAPSE OF SUCH TIME AS MAY BE REQUIRED BY APPLICABLE LAW AND AFTER PUBLICATION OF A
<br />NOTICE OF THE TIME AND PLACE OF THE SALE IN COMPLIANCE WITH APPLICABLE LAW, TRUSTEE
<br />SHALL, WITHOUT FURTHER DEMAND ON OR NOTICE TO US, SELL THE PROPERTY AT PUBLIC AUCTION
<br />TO THE HIGHEST BIDDER AT THE TIME AND PLACE AND UNDER THE TERMS DESIGNATED IN THE NOTICE
<br />OF SALE, IN ONE OR MORE PARCELS AND IN SUCH ORDER AS TRUSTEE MAY DETERMINE. TRUSTEE MAY
<br />POSTPONE SALE OF ALL OR ANY PARCEL OF THE PROPERTY BY PUBLIC ANNOUNCEMENT AT THE TIME
<br />AND PLACE OF ANY PREVIOUSLY SCHEDULED SALE AND TRUSTEE MAY FROM TIME TO TIME
<br />THEREAFTER POSTPONE SUCH SALE BY PUBLIC ANNOUNCEMENT AT THE TIME FIXED BY THE
<br />PRECEDING POSTPONEMENT PROVIDED IF THE SALE IS AT ANY TIME POSTPONED FOR MORE THAN ONE
<br />(1) DAY BEYOND THE DATE DESIGNATED IN THE NOTICE OF SALE, NOTICE THEREOF SHALL BE GIVEN IN
<br />THE SAME MANNER AS THE ORIGINAL NOTICE OF SALE. LENDER OR GMAC'S DESIGNEE MAY PURCHASE
<br />THE PROPERTY AT ANY SALE.
<br />TRUSTEE SHALL DELIVER TO THE PURCHASER A TRUSTEE'S DEED CONVEYING THE PROPERTY SOLD
<br />WITHOUT ANY COVENANT OR WARRANTY, EXPRESS OR IMPLIED. THE RECITALS IN THE TRUSTEE'S DEED
<br />SHALL BE PRIMA FACIE EVIDENCE OF THE TRUTH OF THE STATEMENTS MADE THEREIN. TRUSTEE SHALL
<br />APPLY THE PROCEEDS OF THE SALE (A) FIRST TO THE COSTS AND EXPENSES OF EXERCISING THE POWER
<br />OF SALE AND OF THE SALE, INCLUDING THE PAYMENT OF THE TRUSTEE'S FEES ACTUALLY INCURRED NOT
<br />TO EXCEED THE AMOUNT WHICH MAY BE PROVIDED FOR IN THE DEED OF TRUST, (B) SECOND, TO THE
<br />PAYMENT OF JUNIOR TRUST DEEDS, MORTGAGES, OR OTHER LIENHOLDERS, AND (C) THIRD, THE BALANCE,
<br />IF ANY, TO THE PERSON OR PERSONS LEGALLY ENTITLED THERETO.
<br />17. ASSIGNMENT OF RENTS; RECEIVERS; K POSSESSION OF THE PROPERTY. As additional security, we
<br />hereby assign to LENDER any rents due on the Property after an Event of Default or abandonment of the Property. In any
<br />action to invoke the power of sale under this Deed of Trust, LENDER shall be entitled to the appointment of a receiver.
<br />If an Event of Default occurs or we abandon the Property, LENDER, without notice, may enter upon, take possession of, and
<br />manage the Property. LENDER may then collect or sue in its own name for any rents due on the Property. All rents so collected
<br />shall be applied first to payment of the reasonable costs of operation and management of the Property (such as collection costs,
<br />receiver's fees, bond premiums and attorneys' fees) and then to the Total Balance Outstanding. LENDER and the receiver must
<br />account only for rents actually received.
<br />Acts taken by LENDER under this paragraph 17 shall not cure or waive any Event of Default or invalidate any act done
<br />pursuant to notice of default.
<br />We will not, without the written consent of LENDER, receive or collect rent from any tenant on the Property more than one
<br />month in advance. Upon an Event of Default, we will pay monthly in advance to LENDER or any receiver the fair and reasonable
<br />rental value of the Property or that part of the Property in our possession. If we fail to pay such rent, we will vacate and surrender
<br />the Property to LENDER or to such receiver. We may be evicted by summary proceedings.
<br />18. RECONVEYANCE. Upon satisfaction of all obligations secured by this Deed of Trust, which shall include termination of
<br />the Account, delivery to LENDER of all checks providing access to the Account, payment of all sums due under the Account, and
<br />thepassage of at least 14 days after satisfaction of the first three obligations, LENDER shall surrender the Credit Documents to
<br />Trustee and request Trustee to reconvey the Property. Trustee shall reconvey the Property without warranty to those of us legally
<br />entitled thereto.
<br />19. REQUEST FOR NOTICES. Trustee, LENDER and we request that copies of notice of default and sale under this
<br />Deed of Trust be sent to Trustee, LENDER and us, as provided by Section 76 -1008 of Nebraska Revised Statutes.
<br />LENDER and we request notice of any default, sale, or other foreclosure action from any holder of any mortgage, deed of
<br />trust, or other encumbrance which has priority over this Deed of Trust.
<br />Any notice required to be given to LENDER pursuant to this paragraph 19 shall be sent to
<br />3200 Park Center Dr. Suite 150, Costa Mesa, CA 92626 Any notice required to be given to us pursuant to this paragraph 19
<br />shall be sent to us at 4179 Norwood Dr, Grand Island, NE 68803 Any notice required to be given to Trustee
<br />pursuant to this paragraph 19 shall be sent to
<br />20. EXHIBITS, SCHEDULES AND RIDERS, ETC. The terms of any Exhibit, Schedule or Rider attached to this Deed of
<br />Trust or executed and recorded with this Deed of Trust shall be treated as if fully set forth in this Deed of Trust. All of the terms of
<br />the Agreement are made part of this Deed of Trust.
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