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SEP--8-2010 03:29P FROM:SAFE HAVENINC X086358189 T0: 16056856089 P.5~6 <br />krnro.,lornsm flodmen laa firn 4t1~476r13~8 D8/[)Ft/~[!10 1~:bu ~Y4~J F+. uudlWti <br />2oioosss~ <br />failure to cure the default on or before the date specified in the notice may result in acceleration. <br />of the sum secured by thi s security agreement and resale of fire ,property. The notice shall firrtlrer <br />inform Borrovciers of the right to reinstate, after acceleration, and the right to bring a court. action <br />to assert the nonexistence of a default or any other defense of Borrowers to acceleration and sale, <br />if default is nvt cured. On orbefore the date specified in the notice, Lender, at its option, may <br />require immediate payment ira full ofall sums secured by this Security agreement without further <br />demand and may invoke the power of sale and any other remedies permitted by Nebraska Law. <br />Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this <br />paragr8ph, including but not limited to a reasonable attpmey lee and casts of title evidence. <br />12. If the power of sale is invoked, Trustee shall record a mice of default in each <br />county in which any part of the property is located anal shalt mail copies of such notice in the <br />manner prescribed byNebraska Law. Trustee shall give public notice of sale to the persons and <br />in the maxunex prescribed by Nebra.ka Law. Trustee, without demand on Borrower, shall sell <br />the property at public auction to tl~ highest bidder at the time and place aid under the tenTrs <br />designated in t11e-notice of sale in one ar more parcels acid in any order Trustee determines. - <br />Trust~ee may postpone sale of all or any parcel of file property by public anuoutrcenaent at the <br />time and place of any previously scheduled sale. Lender or its designee may purchase the <br />prop~Y at soy sate. <br />13 _ Upon receipt of payment of price bid,, Trustee shall deliver to the purchaser a <br />Trustee's Deed conveying the property. The recitals in the Trustee's Deed shall be prima facie <br />evidence of the truth of tl~e statement made therein. Trustee shall apply the proceeds of sale in <br />the fallowing order: (a) to all expenses of the sale including, but not limited ta, Trustee's fees <br />as permitted by Nebraska law and reasonable attorney fees; (b) to all sums secured. by this <br />security agret:rnCat; and (c) any axes to the person or persons legally entitled to it. <br />1 ~_ Upon accelerationunder Paragraph 12 or abandonment of the property, l.er~der (in <br />person, by agent or by judicially appointed receiver) shall be entitled tv ~ upop, take <br />possession of and manage the property and m collect the rents of the property, including theme <br />past due. Any rents collected by Lender oar the receiver shall be implied first to payment of the <br />costs of management of the property and collection of rests including, but oat limited to, <br />receiver's fees, premiums on receiver's bonds and reasonable attorney fees, andthento the sums <br />secured by this secuuity ianstrrrm~ttt. <br />15. Upon paymerrt of all sums as .herein provided, Lender shall direct Trustee to <br />reconvey the property and shall surrettder this security instrument and the note secured Trustee <br />shall recrnrvey the property without warranty or charge to the persons legally entitled to it. <br />16. Lceder, at its option, may from rime to time re~xxave Trustee and appoint a <br />successor Trustee by an instrument recorded in the county in which this security instrument is <br />xcorded. Without conveyance of the property, the successor Trustee shall. succeed to all the <br />title, power and duties conferred upon Tntstee herein and by Nebraska law. <br />17. Borrowers requests that copies of all notices provided herein be sent to Judith <br />Widener, PO Bax 2126, Scottsbluff, Nebraska 69363. <br />4 <br />