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201202�74 If the power of sale is invoked, Trust� shall record a notice of default in each county in wluch any part of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time r�uired by applicable law, Trustee shall give public notice of sale to the persons and in 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 more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously schedul� sale. Lender or its designee may purchase the Property at any sale. If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requures immediate payment in full under Paragraph 9, the 5ecretaiy may invoke the noqjudicial power of sale provided in the 5ingle Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requesting a for�losure commicaioner designated under the Act to commence foreclosure and to sell the Property as prnvided in the Act. Nothing in the preceding sentence shall deprive the Secretaiy of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. Upan receigt of payment of the price bid, Trustee shatl deliver to the purchaser Tnbstee's deed eonveying the Property. The r�itals in the Trustee's deed sha}1 be prima facie evidence of the truth of the statements made therein. Trustce 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 T�ust�'s f�s a�tually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to all sums secured by tt�is Security I�trument; and (c) any excess to the person or persons legally entitT� to i� 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Progerty and sha11 surrender this Security Instrument and all notes evidencing debt secured by this Security inctrnn,Q�t to Trustee. Trustee shall r�;onvey the Property without warranty and without charge to the �rson or persons legalIy entided to it. Such person or persons shall pay any rec;ordation 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 instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to alI the title, power and duries conferrec� upon Trust� herein and by applicable law. 21. Request for Rtotices. Bonower requests that copies of the notices of default and sale be sent to Borrower's address wlvch is the Property Address. 22. Ricfers to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this S�urity Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agrcements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)]. � Condominium Rider 0 Growing Equity Rider 0 Other [specify] 0 Planned Unit Development Rider 0 Graduated Payment Rider FHA Deed of Trust-NE 4/98 VMP � VMP4R(NEI (1109) Wolters Kluwer Financial Services Page 8 of 10 a