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2012025�3 <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any <br />part of the Property is located and shall mail copies of such notice in the manner prescribed by <br />applicable law to Borrower and to the other persons prescribed by applicable law. After the time <br />required by applicable law, Trustee shall give public notice of sale to the persons and in the manner <br />pr�cribed by applicable law. Trust�, without demand on Borrower, shall sell the Property at pu6lic <br />auction to the highest bidder at the time and place and under the terms designated in the notice of sale <br />in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any <br />parcel of the Property by public announcement at the time and place of any previously scheduled sale. <br />Lender or its designee may purchase the Property at any sale. <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires <br />immediate payment in full under Paragraph 9, the Secretary may invoke the noqjudicial power of sale <br />provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.5.C. 3751 et seq.) by <br />requesting a for�losure commissioner designated under the Act to commence fore.closure and to sell <br />the Property as grovided in t6e Act. Nothing in the preceding sentence shall deprive the Secretary of <br />an� rights otherwise available to a Lender under this Paragraph 18 or applicable law. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's de� <br />conveying the Property. The r�itals in the Trustee's deed shall be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the groce�s of the sale in the following order: (a) to <br />all costs and ezpeases of exercising the power of saie, and the sale, including the payment of the <br />Tnbstee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />alt sums s�ured by t6is Security Instrument; and (c} any exc�.s to t�te person or persons legally <br />entitied to it. <br />19. Reconveyance. Upfln payment of all sums secured by this Security Instniment, Lender shall request <br />Trustee to reconvey the Progerty and shall surrender this Security Instrument and all notes evidencing debt <br />secured by tlus Security Instrument to Trustee. Trustee shall reconvey the Properiy without warranty and <br />without charge to the person or persons legally entitled to it. Such person or persons shall pay any <br />r�ordation costs. <br />20. Subsfitute Trustee. Lender, at its option, may from time to rime remove Trustee and appoint a successor <br />trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security <br />Instrument is recorded. Without conveyance of the Property, the successor trustee sha11 succeed to all the <br />ritle, gower and duries conferred upon Trustee herein and by applicable law. <br />21. Request for IVotices. Borrower requests that copies of the norices of default and sale be sent to Bonower's <br />address which is the Property Address. <br />22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded <br />together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall <br />amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part <br />of this Security Instrument. [Check applicable box(es)]. <br />� Condominium Rider � Growing Equity Rider 0 Other [specify] <br />� Planned Unit Development Rider � Graduated Payment Rider <br />FHA Deed of Trust-NE <br />VMP 0 <br />Woiters Kluwer Finencial Services <br />4/96 <br />VMP4R�NE) (1109) <br />Page 8 of 10 <br />