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s~00720 federal court of competent jurisdiction that Borrower or Trustor is insolvent; or Borrower or Trustor shall generally not be paying its debts as such debts becoae due {f) Trustor shall sell, transfer or lease for a term of more than one year (or shall agree to sell, transfer oz so lease), vol- untarily or involuntarily, alI or any part of the Property, or any interest therein. Far purposes of this paragraph 14, "Borrower" means the borrower(s) identified at the beginning of this Trust Deed or any one of borrowers if there be more than oae. 15. Acceleration of Debt Foreclosure. Upon the occurrence of any Eveat of Default, or at any time thereafter until such Event of Default is cured to the writ- ten satisfaction of Lender, Lender may, at its option, exercise one or more of the following rights and remedies and any other rights and remedies available to it (a) Accelerate the maturity of the Indebtedness, declare the In- debtedness to be immediately due and payable, and exercise any and all other rights and powers granted to the holder of the Note in the event of a default; (b) Exercise all rights and remedies provided under the Nebraska Trust Deeds Act to the holder, beneficiary andJor trustee of a trust deed containing a power of sale; and (c) Exercise the power of sale herein contained, or proceed to bring an action at law on the Indebtedness, or proceed to foreclose this Trust Deed in the manner provided by law for the foreclosure of mortgages on real property. If foreclosure is elected, this Trust Deed may thereupon be foreclosed immediately and without any prior notice or demand. All casts and expenses incurred by Lender in enforcing any right under this Trust Deed, including, without limita- tion, abstract or title fees, appraisal fees, premiums far title insurance, attorney fees and court cosy , shall be and constitute indebtedness secured by this Trust Deed, shall be included in the amount adjudged due under this Trust Deed in any foreclosure decree and shall bear interest at the rate then applicable under the Note from the date incurred. Sf exercise of the power of sale is elected, Trustee shall record a notice of default in each county in which the Property or some part thereof is located and. shall mail copies of such notice in the manner provided by, and to those persons entitled to receive such notice under, applicable law. After the lapse of one month from the date of recording of such notice of default, ar such lesser period of time as may then be required under applicable law, Trustee shall give public notice of sale to the perSOAS and in the manner prescribed by applicable law and thereupon may sell the Progerty at public auction to the highest bidder at the time and place and. under Lhe terms designated in the notice of sale, in one or more parcels, and in such order as Trustee may determine. 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 Lender's designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser a Trustee's deed conveying the Property sold. The recitals in the Trus- tee's deed shall be prima facie evidence of Lhe truth of the statements made therein and shall operate as conclusive evidence in favor of bona fide purchasers and encum- hrancers far value without notice. Trustee shall apply the proceeds of sale in the following Order: (a) to the costs and expenses of exercising the power of sale and of the sale, including, but not limited to, Trustee`s fees of not more than 1~ of the gross sale price, reasonable attorney fees, and casts of title evidence; {b) to the Indebtedness; and