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20120065� 1& Foreclosure Procedure. If Lender reqnires imm�te payment in fall under paragraph 9, Lender may 3nvoke the power of sale and any other remedies permitted by applicable law. Lender shall be enttttled to colled all eggenses incarre�d in pnrsning the remedies nnder this p�ragraph 18, inclnding, bnt not limited to, re�sonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trastee ahall record a notice of defanit in each connty in which any part of the Property �is located and sha�ll maitl copies of snch noHce �n the manner prescrib� by applicable Iaw to Borrower and to the other persons prescribed by applicable law. After the tlme reqnired by applic�ble law, Trastee shall give pnblic notice of sale to the persons and in the manner pr�crih� by applicable law. Trastee, withont demand on Borrower, shall sell the Property at public anc�iton to the highest bidder at the Nme and place and nnder the terms des�ignated in the notice of sale in one or more parcels and �in any order Trastee determines. Trastee may postpone s�le of all or any parcel of the Property by pnblic annonncement at the time and place of any previonsly sch�nled sale. Lender or its de�tgn� may pnrchase the Property at any �le. If the Lender's inter�t in tLis Secnrity Instrament is held by the 5ecreta.ry and the 5�retary reqwlres �mmediate payment in fall under Paragraph 9, the Secretary may �invoke the nonjndicial power of sale provided in the 53ngle Family Mortgage Foreclosure Act of 1994 ("Act'� (12 U.S.C. 3751 d seq.) by requesdng a foreclosure commissioner designate,�l under the Act to commence foreclosnre and to sell the Properiy as provided in the Ac� Nothing in the preceding sentence ahall deprive the Secretarq of any rights otherw�se ava3lable to a Lender nnder this Paragraph 18 or applicable law. Upon re.ceipt of payment of the price bid, Trustee shall del�tver to the pnrchaser Trastee's dced conveying the Property. The recitsils in the Trastee's deed shall be prima fade evidence of the truth of the stateme�s made therein. Trnstee shaII apply the proceeds of the s�le in the following order: (a) to �11 costs and egpenses of ezercising the power of sale, and the sale, 3ncluding the payment of tLe Trnstee's fces �ctually �incarred, not to ezceed 5% of the prindpal amonnt of the note at the time of the deelaration of defaalt, and reasonable attorneys' fas as permitted by law; (b) to all sams secnred by this Secnrily Inatrame�; and (c) any ezcess to the petaon or persons legally entitled to i� 19. Reconveyance. Upon payment of all sums se,cured by this Security Inslrument, Lender st�all request Trust� to reconvey the Praperty and shall surrender ttris Security Instrument and all notes evidencing debt sec�a�ed by this S�urity Instrument to Trustee. Truste,e shall rec;onvey the Property without warranty and without charge to the person or persons legally entitled to it S�ch person or persons shall pay any rec:ordation costs. 20. Substitnte Trnste�. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument re�orde�i in the county in which this Security Instrument is re,corded. Without conveyance of the Property, the successor hvstee shall succe�d to a11 the title, power and duties conferred upon Trustee herein and by applicable law. 21. Request for NoHces. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 22. Riders to this Se,�urity Instrumen� If one or more riders are executed by Borrower and recorded together with this Secimty Instrvment, the covenants of each such rider shall be incorporated into and sha11 amend and supplement the covenants and agreements of this Se�urity Instrument as if the rider(s) were a part of this Security Instrument. [Che,ck applicable box(�)]. 0 Condominium Rider � Cirowing Equih' Rider � Other [sF�Y� 0 Planned Unit Development Rider 0 Graduated Payment Rider 2200202789 VMP��-4N(Nq toao��.o� Pege 7 of B D V4NNE �r�a�s:�i — (/' ,� NI