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200504511 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 Borrower, 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 Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee 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 statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 21. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to re- convey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without warranty to the person or persons: legally entitled to it. Such person or persons shall pay any recordation costs' may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted under Applicable Law. 22. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instalment 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. 23. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address which is the Property Address. BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument and in any Rider executed by Borrower and recorded with it. Witnesses: (Seal) Bo "RGonnermain .. tt,, ni ZG t i % (Seal) Borrowergeth A. Gonnerman Borrower Borrower [Space Below This Line For Acknowledgment[ STATE OF Nebraska ) ss: COUNTY OF Hall ) (Seal) (Seal) a Notary Public in and for said county and state, do hereby certify that Kevin R. Gonnerman and Beth A. Gonnerman husband and wife as joint tenants and not as tenants in common personally appeared before me and is (are) known to me to be the person(s) who, being informed of the contents of the foregoing instrument, have executed same, and acknowledged said instrument to be their , free and voluntary act (his, her, their) and deed that they executed said instrument for the purposes and uses therein set forth. (he, she, they) Witness my hand and official seal this 25th day of _ April 2005 My Commission Expires This instrument was prepared by: � ' r a NEBRASKA SECOND MORTGAGE DEED OF TRUST © Creative Thinking, Inc. 2003 15291.CV (3/04) A1614 GENERA. IVCTaR tete of Nebo J. Michael Manley My Came• Exp. Feouw y 22.2M9 (Seal) (page 6 of 6) CTI Compliant Forms (c) GOTO(000423ae)