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201100382 1111057062 be entitled to collect all expenses incurred in pursuing the remedics provided in this Section 22, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies af such notice in the manner prescribed by Applicable Law to Borrower und to th� other persons prescribed by Applicable Law. After the time required by Applicable [�aw, Trustee shall give publie notice of sale to the persons and in the manner prescribed by Applicable i,aw. Trustee, without demand on Borrower, shall sell the Property at public auction to thc highest bidd�r at the time and place and under the terms designat�d in the notice of sale in one or more parcels and in any order Trustee dctermines. Trustee may postpone salc of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, 1'rustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidencc of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) tu all sums secured by this Secur3ty lnstrument; and (c) any excess to the person or persons legally entitled to it. 23. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustec to reconvcy the Property and shall surrender this Security Instrument and all notes evidencing dcbt secured by this 5ecurity Instrument to Trustee. Trustee shall rcconvey the Property without warranty to the person or persons legally cntitled to it. Such person or persons shall pay any recordativn costs. I.ender may charge such person or persons a fee for reconveyins the Property, but only if the fee is paid to a third party (such as the 1"rustcc) f'or services rcndered and the charging of the fcc is permitted under Applicable Law. 24. Substitute Trustee. Lendcr, at its option, may from tin�e to time remove Trustee and appoint a successor trustec to any Trustee appointed h�rcunder by at� instrument recorded in the county in which this Security Instrument is recorde�l. Without canveyance of the Property, the successor trustee shall succced to all ihe title, power and duties conferred upon Trusiec herein and by Applicable Law. 25. Request for Notices. Borrower requests tliat copies of the notice of defiult and sale be sent to Borrower's address which is the Property Address. BY STGNINC BELOW, Borrower accepts and agreea to ihe tcrms and covenants contained in this Security ]nstrument and in any itider executed by $orrower and recordcd with it. . � 10. 1 l - BORROWER - WILLIAM H FETERSEN - DATE - -� �-,��i � - 80RROWER - DIANE L PETERS�N - DATE - NEBRASKA--Singlc Family--Fannie Mae/H'reddie Mac UNIFORM INSTRUMN;N7' � 338.2 Pagc II af 12 Parm 3028 1/01 s