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20�203�� If the power of sale is invoked, Trustee shall r�ord a notice of deFault in each county in which any part of the Property is located and shall mail copies of such notice in We manner prescribed by applicable law to Borrower and to the other gersons prescrihed by applicable law. After the time required by applicable law, Ttvstee ahall give public notice of sale to the persons �nd in the manner prescribed by applicable law. Trustee, without demand on Borrower, ahall sell the Property at public auction to the lughest 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. Trustce may postgone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled 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 requires immediate payment in full under Paragraph 9, the 5ecretary may invoke the noqjndicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("AcN') (12 U.S.C. 3751 et seq.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act, Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. Upon r�eipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed rnnveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truW 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 Trustee's f�s actually incurred, not to exceed 5. 0 0 0% of the principal amount of the note at the time of the declaration oP default, and reasonable attorneys' fces 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, I,ender 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 Property without wamanty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 20. Substltute 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 all the title, power and duties conferred upon Trustee herein and by applicable law. 21. Request for Notices. Boaower requests that wpies 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 khis 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 Planned Unit Development Rider 0 Graduated Payment Rider FHA Mortgaga WITH MERSNE VMP � Woltars Kluwar Financiel Sarvices QI I�IIIIII III IIIIII IIIQII�II I III I IIII II�I III q03306051298 0333 393 0810 � Other [specify] Legal Attached Revised 4/98 AmarMed 7/04 . VMP4NWE1111061.00 Paga 8 of 10