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200702381 '.. Loan No.: 0001162315 4. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivcring it or by mailing it by first class mail unless applicable law requires use of another method. '('he notice shall be directed to the Propcrty Address or any othcr addrcss Horrower designates by notice to Lender Any notice to Lcndcr shall be given by first class mail to: Department ofIIousing and Urban Dcvelopment, Attention: Single I'amily Notes Branch, 451 Seventh Street, SW, Washington, DC 20410 or any address Lcnder designates by notice to Borrower Any notice provided for in this Sccurity Instrument shall be deemed to have bcen given to Borrower or Lender when given as provided in this Paragraph. 5. Governing Law; Severability This Security Instmment shall be governed by r'ederallaw and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Sccurity Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instnnnent or thc Note which can be given dfect without the cont1icting provision. To this end thc provisions of this Security Instmment and the Note are declarcd to be severable. 0. Borrower's Copy. Borrower shall be given one conformcd copy of the Note and of this Security Instnnnent. NON-UNIFORM COVENANTS. Borrowcr and Lender further covcnant and agree as follows: 7. Acceleration; Remedies. Lender shall give notice to Horrower prior to acceleration following Borrower's breach of any covenant or agreement in this Sccurity InstmmenL The noticc shall specify: (a) the default; (b) the action required to cure thc default; (c) a date, notlcss than 30 days from the datc the notice is givcn to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the date spccified in the notice may result in acceleration of the sums sccured by this Security Instmment and sale of thc Property. The notice shall flllihcr inform Horrower of the right to rcinstate after acccleration and the right to bring a court action to assert thc non-cxistence of a default or any other defensc of Horrower to acceleration and sale. If the default is not cured on or before the date specified in the notice, Lcnder at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies pennitted by applicable law. Lcndcr shall be entitled to collect all expenses incurred in pursuing thc remcdies provided in this paragraph 7, including, but not limited to, reasonable attorneys' fees and cost of title evidence. If Lender invokes the power of sale, Lender or Trustcc shall mail copies of a notice of sale in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. Trustee shall give notice of sale by public advertisement for the tinle and in the manner prescribed by applicable law. Trustee, without demand on BOlTower, shall sell the Property at public auction to the highest bidder for cash 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 PropeJiy to any later time on the same datc by public announcement at thc time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Trustee shall deliver to the purChaser Trustee's deed conveying the Propeliy without any covenant or warranty, expressed or implied. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the stalements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all expenses of the sale, including, but not limited to, reasonable Trustee's and attorneys' fees; (b) to all sums secured by this Security Instrumcnt; and (c) any excess to the person or persons legally entitled to it. If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requircs immediate payment in full under Paragraph 7 of the Subordinatc Note, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage foreclosure Act of 1994 C^ct") (12 U.S.c. 3751 et seq.) by requesting a foreclosure cOlnmissioner designated under the ^ct to commcnce foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Sccretary of any rights otherwise available to a Lender under this Paragraph or applicable law. R. Release. Upon payment of all sums secured by this Security Instnunent, Lender shall request that Trustee release this Security Instrument to Borrower. Borrower shall pay any recordation costs. Lender ....- --.- NEBRASKA SU130RDINATE DEED OF TRUST PAGE30F5