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�01202��� <br />I! 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 persoas prescribed by applicable law. After the time <br />required by appGcable law, Trustee shall give public notice of sale to t6e persons and in the manner <br />prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public <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 Properly 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 />I1'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, t6e Secretary may invoke the aonjudicial power of sale <br />provided in t6e Single Family Mortgage ForeclosureAct o1' 1994 ("Act")(12 U.5.C. 3751 et seq.) by <br />requesting a foreclosure commissioner designated under the Act to commeace foreclosure and to sell <br />the Property as provided in the Act. Nothing in the preceding sentence shall deprive the 5ecretary of <br />any rights otherwise available to a Lender under this Paragraph 18 or applicable law. <br />Upon receipt of payment o1' the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence o1' t6e trut6 of <br />the statements made therein. Trustee shall apply the proceeda of the sale in the following order: (a) to <br />aA costs and egpenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actually incurred, not to exceed . 000 % of the principal amount of <br />the note at the time of the declaration of de1'ault, aad reasonable attorneys' fees as permitted by law; <br />(b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitled to ik <br />19. Reconveyance.Upon payment of all sums secured by this Security Instnunent, Lender shall request <br />Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidettcing debt <br />secured by this Security Instrument to Trustee. Trustee shall reconvey the Property without wamanty and <br />without charge to the persott or persotts legally entitled to it. Such person or persons shall pay any <br />recordation costs. <br />20. SubstituteTrustee. Lender, at its option, may from time to time 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 conveyattce of the Property, the successor trustee shall succeed to all the <br />title, power and duties conferred upon Trustee herein and by applicable law. <br />21. Requestfor Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's <br />address which is the Property Address. <br />22 Ridersto this Security Instrument. If one or more riders are executed by Bonower 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 />0 Condominium Rider � Growing Equity Rider � Other [specify] <br />0 Planned Unit Development Rider � Graduated Payment Rider <br />FHA Dead of Trust-NE 4 �� <br />VMP � VMP4R(NE) (1105).00 <br />Woltara Kluwar Financial Sarvicas Page 8 of 10 <br />