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2�iiQ�� All insurance policies and renewals sha11 be acceptable to Lender and shall include a standard mortgage clause. Lender sha11 have the right to hold the policies and renewals. If Lender requires, Bonower shall promptly give to Lender ali receipts of paid premiums and renewal notices. In the event of loss, Borrower sha11 give prompt notice to the insurance catrier and Lender. Lender may make proof of loss if not made promptiy by Borrowers. Unless Lender and Borrower othetwise agree in writing, insurance proceeds sha11 be applied to restoration or repair of the property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sum secured by this Security Instrument, whether or not then dae, with any excess paid to Borrowers. If Borrower abandons the property, or does not answer within 30 days of notice from Lender that the insurance carrier has offered to settle a cla.im, then Lender may collect the insurance proceeds. Lender may use the prooeeds to repair or restore the property or to pay sums secured by this Security Instrument, whether or not then due. The 30 days period will begin when the notice is given. Unless Lender and Borrawer otherwise agree in writing, any application of proceeds to principal sha11 not extend or postpone the due date of the payments provided in Borrower's note, or change the amount of the payments. If under paragraph 12 the property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting from damage to the property prior to the acquisition sha11 pass to Lender to the extent of the sum secuted by this Security Instrument immediately prior to the acquisition. 6. If Borrower fails to perform the covenants and agreements herein contained, Lender may do and pay for whatever is necessary to protect the value of the property and Lender's ri�ts in the properly, including the payznent of any sum secured by a lien, appearing in court, paying reasonable attorney fees and entering the property to make repairs. Any amount disbursed by Lender under this paragraph shall become an additional debt of Borrower secured by this Security Instrument, to bear interest from the date of disbursement and said amount, together with the then unpaid principal amount, shell bear interest at the highest lawful rate until refunded by Borrowers. 7. The proceeds of any condemnation are hereby assigned and shail be paid to Lender and sha11 be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrowers. 8. Any extensions or modifications of the loan granted by Lender to any successor in interest of Borrower sha11 not operate to release the liability of the original Bonower ar Bonower's successors in interest. Any forbearance by Lender in exercising any right or remedy sha11 not be a waiver of or preclude the exercise of any right or remedy. 9. Any notice to Bonower provided for in this Security Instrument sha11 be given by delivering it ar by mailing it by first class mail unless Nebraska law requ'ues use of another method, at the Borrower's last known address. 10. This Security Instrument and the note which it secures shall be governed by Nebraska law. 11. Lender shall give notice to Borrower following Bonower's breach of any covenant or agreement in this Security Instrument and ihe note which it secures. 'I`he notice shall specify (a) the default, (b) the action required to cure the defanit, (c) a date not less than 30 days from the date the notice is give to Borrowez by which the default must be cured, and (d) that failure to cure the default on or before the date specified in the notice may result in acceleration of the sum secwed by this Security Instrument and resale of the properly. The notice shall further inform Borrower of the right to reinstate, after acceleration, and the right to bring a court action to assert the nonexistence of a default or any other defense of Bonower to acceleration and sa1e. If default is not cured on or before the date specified in the notice, Lender, at its option, may reqnire imxnediate payment in full of a11 sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by Nebraska law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph, including but not limited to a reasonable attomey fee and costs of title evidence. 12. 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 lacated and sha11 mail copies of such notice in the manner prescribed by Nebraska law. Trustee sha11 give public notice of sale to the persons and in the manner prescribed by Nebraska law. Trustee, without demand on Borrower, shall sell the properly at public auction to the highest bidder at the tune and place and under the terms designated in the notice of sale in one or more parcels in any order Trustee determines. Trustee may postpone sale of all or any parcel of the property by public sa1e. Lender or Lender's designee may purchase the property at any sale. Upon receipt of payment of the price bid, Trustee sha11 deliver to the purchaser a Trustee's Deed conveying the property. The =-�x recitals in the Trustee's Deed sha11 be prima facie evidence of the truth of the statements made therein. Trustee shall apply the � proceeds of sale in the following order: (a) to a11 expenses of the sale including, but not limited to, Trustee's fees as permitted by —��-X' Nebraska law and reasonable attorney fees; {b) to a11 sums secured by this Security Insirument; and (c) any excess to the person ��, or persons legally entitled to it. �'K 13. Upon accelerarion under paragraph 11 or abandonment of the property, Lender (in person, by agent or by judicially appointed �� receiver) sha11 be entitled to enter upon, talce possession of and manage the property and to collect the rents of the property, �: including those past due. Any rents collected by Lender or the receiver sha11 be applied first to payment of the costs of =_ management of the property and colleotion of rents including, but not limited to, receiver's fees, premiums on receiver's bond =; and reasonable attomey fees, and then to the sums secuted by this Security Instrument. -. � � : �. �_�'=. �� �;y� =�;-