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200703727 <br />LENDER OR TRUSTEE SHALL MAIL COPIES OF SUCH NOTICE, IN THE MANNER REQUIRED BY APPLICABLE <br />LAW, TO USAND TO ANY OTHER PERSONS WHO ARE ENTITLED TO NOTICE UNDER APPLICABLE LAW. <br />AFTER THELAPSE OF SUCH TIME AS MAY BE REQUIRED BY APPLICABLE LAW AND AFTER PUBLICATION OF <br />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 (I) <br />DAY BEYOND THE DATE DESIGNATED IN THE NOTICE OF SALE, NOTICE THEREOF SHALL BE GIVEN IN THE <br />SAME MANNER AS THE ORIGINAL NOTICE OF SALE. LENDER OR GMAC'S DESIGNEE MAY PURCHASE THE <br />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 <br />BALANCE, IF ANY, TO THE PERSON OR PERSONS LEGALLY ENTITLED THERETO. <br />17. ASSIGNMENT OF RENTS; RECEIVERS; LENDER POSSESSION OF THE PROPERTY. As additional <br />security, we hereby assign to LENDER any rents due on the Property after an Event of Default or abandonment of the <br />Property. In any action to invoke the power of sale under this Deed of Trust, LENDER shall be entitled to the appointment of <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 month <br />in advance. Upon an Event of Default, we will pay monthly in advance to LENDER or any receiver the fair and reasonable rental <br />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 the <br />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 the <br />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 />7 Carnegie Plaza, Cherry Hill, NJ 08003 . Any notice required to be given to us pursuant to this <br />paragraph 19 shall be sent to us 4404 East 7th Street, Grand Island, NE 68801 -2922 . Any <br />notice required to be given to Trustee pursuant to this paragraph 19 shall be sent to OLD REPUBLIC NATIONAL TITLE <br />INSURANCE COMPANY, 400 Second Avenue South, MINNEAPOLIS, MN 55401. <br />20, EXHIBITS, SCHEDULES AND RIDERS, ETC. The terms of any Exhibit, Schedule or Rider attached to this Deed of Trust <br />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 the <br />Agreement are made part of this Deed of Trust. <br />L.U. e <br />Initial <br />- 5 - <br />