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20120120G If the power of sale is ineoked, Trustee shall record a notice of defanit in each county in wluch any part of the Property is located and shall mail copies of snch notice in the manner pr�cribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give pnblic notice of �le to the gersons and in the manner prescribed by applicable Iaw. Trustee, without demand on Borrower, shall sell the Property at public suction to the high�t bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trastee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previonsly schednled sale. Lender or its designee may purchase the Property at any sale. If the Lender's interest in this Security Instrament is held by the Secretary and the Secretaty requires immediate payment in full under Paragraph 9, the Secretary may invoke the nonljudicial power of sale provided in the Single Family Mortgage ForeclosnreAct of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requ�ting a foreclosure commissioner designated under the Act to commence foreclosnre and to sell the Property as provided in the Act. Notlung in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the hvth 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 Trnstee's fees actually incurted, not to exceed . 000 % of the principal amonnt of the note at the time of the declaration of default, and reasonable attorneys' fees as permitted by law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Properiy without warranty and without charge to the person or persons legally entifled to it. Such person or persons shall pay any recordation costs. 20. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instivment recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the tifle, power and duties confened upon Trustee herein and by applicable law. 21. Request for Notices. Bonower 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 Security Instrument. If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as ff the rider(s) were a part of this Security Instrument. [Check applicable box(es)] . 0 Condominium Rider 0 Growing Equity Rider ❑ Other [specify] 0 Planned Unit Development Rider � Graduated Payment Rider FHA Dead of Truat-NE 4/86 VMP � VMP4RINE) (1106).00 Woltars Kluwar Fir�nclal Services Page 8 af 10