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$4 000721 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 become due (f) Trustor shall sell, transfer or lease for a term of more than one year (or shall agree to sell, transfer or so lease), vol- untarily or involuntarily, all or any part of the Property, or any interest therein. For 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 one. 15. Acceleration of Debt; Foreclosure. Upon the occurrence of any Event 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 and /or 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 costs and expenses incurred by Lender in enforcing any right under this Trust Deed, including, without limita- tion, abstract or title fees, appraisal fees, premiums for title insurance, attorney fees and court costs, 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. If 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, or such lesser period of time as may then be required under applicable Law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law and thereupon may 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 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 the truth of the statements made therein and shall operate as conclusive evidence in favor of bona fide purchasers and encum- braucers for 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 costs of title evidence; (b) to the Indebtedness; and