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<br />:. If there is a default, Trustee will, in addition to any other permitted remedy, at the request of the Lender, advertise
<br />- and sell the Property as a whole or in separate parcels at public auction to the highest bidder for cash. Trustee will
<br />give notice of sale including the time, terms and place of sale and a description of the Property to be sold as required
<br />by the applicable law in effect at the time of the proposed sale.
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<br />To the extent not prohibited by law, Trustee will apply the proceeds of the Property's sale in the following order: to all
<br />fees, charges, costs and expenses of exercising the power of sale and the sale; to Lender for all advances made for
<br />repairs, taxes, insurance, liens, assessments and prior encumbrances and interest thereon; to the Secured Debts'
<br />principal and interest; and paying any surplus as required by law. Lender or its designee may purchase the Property.
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<br />Upon any sale of the Property, Trustee will make and deliver a special or limited warranty deed that conveys the
<br />property sold to the purchaser or purchasers. Under this special or limited warranty deed, Trustee will covenant that
<br />Trustee has not caused or allowed a lien or an encumbrance to burden the Property and that Trustee will specially
<br />warrant and defend the Property's title of the purchaser or purchasers at the sale against all lawful claims and
<br />demand of all persons claiming by, through or under Trustee. The recitals in any deed of conveyance will be prima
<br />facie evidence of the facts set forth therein.
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<br />All remedies are distinct, cumulative and not exclusive, and the Lender is entitled to all remedies provided at law or
<br />equity, whether or not expressly set forth. The acceptance by Lender of any sum in payment or partial payment on
<br />the Secured Debts after the balance is due or is accelerated or after foreclosure proceedings are filed will not
<br />constitute a waiver of Lender's right to require full and complete cure of any existing default. By not exercising any
<br />remedy, Lender does not waive Lender's right to later consider the event a default if it continues or happens again.
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<br />14. COLLECTION EXPENSES AND ATTORNEYS' FEES. On or after Default, to the extent permitted by law,
<br />Grantor agrees to pay all expenses of collection, enforcement or protection of Lender's rights and remedies under
<br />this Security Instrument or any other document relating to the Secured Debts. Grantor agrees to pay expenses for
<br />Lender to inspect and preserve the Property and for any recordation costs of releasing the Property from this
<br />Security Instrument. Expenses include, but are not limited to, attorneys' fees, court costs and other legal expenses.
<br />These expenses are due and payable immediately. If not paid immediately, these expenses will bear interest from
<br />the date of payment until paid in full at the highest interest rate in effect as provided for in the terms of the Secured
<br />Debts. In addition, to the extent permitted by the United States Bankruptcy Code, Grantor agrees to pay the
<br />reasonable attorneys' fees incurred by Lender to protect Lender's rights and interests in connection with any
<br />bankruptcy proceedings initiated by or against Grantor.
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<br />15. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental Law
<br />means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act (CERCLA,
<br />42 U.S.C. 9601 et seq.), all other federal, state and local laws, regulations, ordinances, court orders, attorney general
<br />opinions or interpretive letters concerning the public health, safety, welfare, environment or a hazardous substance;
<br />and (2) Hazardous Substance means any toxic, radioactive or hazardous material, waste, pollutant or contaminant
<br />which has characteristics which render the substance dangerous or potentially dangerous to the public health, safety,
<br />welfare or environment. The term includes, without limitation, any substances defined as "hazardous material," "toxic
<br />substance," "hazardous waste," "hazardous substance," or "regulated substance" under any Environmental Law.
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<br />Grantor represents, warrants and agrees that:
<br />A. Except as previously disclosed and acknowledged in writing to Lender, no Hazardous Substance has been, is,
<br />or will be located, transported, manufactured, treated, refined, or handled by any person on, under or about the
<br />Property, except in the ordinary course of business and in strict compliance with all applicable Environmental
<br />Law.
<br />B. Except as previously disclosed and acknowledged in writing to Lender, Grantor has not and will not cause,
<br />contribute to, or permit the release of any Hazardous Substance on the Property.
<br />C. Grantor will immediately notify Lender jf (1) a release or threatened release of Hazardous Substance occurs
<br />on, under or about the Property or migrates or threatens to migrate from nearby property; or (2) there is a
<br />violation of any Environmental Law concerning the Property. In such an event, Grantor will take all necessary
<br />remedial action in accordance with Environmental Law.
<br />
<br />Ronald L. Follmer
<br />Nebraska Deed OfTrust
<br />NE/4XXSPAITZ00000000000111043092208N
<br />
<br />@1998 Bankers Systems, Inc.. St. Cloud. MN ~
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