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201201294 It[he power of sale is invoked, Trustee shull record a notice of default in each countv in which anv part of the Property is located and shall mail copies o1'such noNce in [he manner prescribed by applicable law to Borrower and to the other persons prescribed bv applicable law. After the tiroe required by applicable law, Trustee shall gi��e public notice oi�sale to the persons and iu the manner prescribed by applicable law. Trustee,without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or roore parcels and in anv order Trustee Jetermines. 'I�rustee may postpone sale of all or anv parcel of the Propert� by public announcement at the time aod pluce of any previousl,y scheduled sale. Lender or its designee may purchase the Propertv at anv sale. If the Lender's interest in this Security Instrument is held by the Secretar,y and the Secreterv requires immediate papment in full under Paragr�ph 9, the Secre[ary may im�oke the nonjudicial power of sale pro��ided in the Single Family �4ortgage Foreclosure Act of 1994 ("Act")Q2 U.S.C. 3751 r�.�ey.) by requesting a foreclosure commissioner designTted under the Act to commence foreclosure and to sell the Properry as provided in [he Act. Vothin�in t6e preceding sentence shall deprive the Secretary of any rights otherwise:ivaileble to a Lender under this Paragraph 18 or applicable law. Upon receipt oF paymen[of the price bid, T'rustee shall deliver to the purchaser Trustee's deed con��eying the Property. The recit�ls in the Trustee's deed shall be prima 1'flcie evidence of the truth of the statemeots made fherein. Trustee shall apply the proceeds oP Ihe sale in the following order: (a) to all costs and expenses of exercising the power of sale,and �he sale, including tNe payment of the Trustee's fees actuallp incurred, not to exceed 5.��% o(the principal amount of'ihe note nt the time oflhe declaration of dei'�ult, and reasonable�ttorne.ys' 1'ees ns permitted by law; (b) to all sums secured by this Security Instrument; and(c) any excess to the persoo or persons legallv entitled to it. 19. ReconveyanCe.Upon payrnent of all sums sccured by this Sceurity InstrumenL, Lcndcr shall rcyuest Tnistcc to recom�ey[he Property and shall surrender [his Security Instniment and�II no[es evidcncing debt sccurcd by this Security Instnunent to Tnistee.Trusfee shall reconvey the Property withou[warranty aod without chargc to thc persou or persons lcgally entitled to it Such}�erson or persons shall p:ty any recordation costs. 20. SubstituteTl'uStee.Lender, at its option, may from time to timc rcmove Trustcc and appoint a sucecssor hustcc to auy Tnistee nppoinred hercunder by an iustrument rceordcd in the county in which this Sccurity Instrumcnf is recordcd. Without com�eyai�ce of the Property,thc successor h ustcc shall suceeed to all the titic, power and duties confen'ed upon Trastee herein and by applicable law. 21. Requestfor Notices.Borro�ver r�yucsts that copics of thc notices of def�ult and sale be sent to Bonowcr's address which is the Property Address. 22. Ridersto this Security Instrument.If onc or morc ridcrs are executed by Borrower and rewrded toscthcr wit6 ihis Securiry Instrument, tltc covenants of eacl� such rider shall bc mcorporated into and shall amend and supplcmcnt thc cove��anfs and agrcements of this Security Inshttmen[as if the ridet(s)were a part of this Sccuriry Instniment. �Chcck applicablc box(es)�. ❑ Condomiiiium Rider 0 Gro�ving Equity Ridcr � Othcr�spccify 0 Nlanned Unit Devclopment Rider � Graduated Paymcnt Rider �eg7� AttdCfle� FHA Mortgage WITH MERS-NE yt� Revisetl 4196 AmeMeA]!M VMP(N � � �� VMP4N(NE)11105).00 Wnl�eis Kluwer Finnncial Services Page ft o(10 III II'lllllllll IIIIIII II II IIIIII I IIII IIII III�I III q03302515371 0233 624 0810