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201203�1� <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 Progerty is located and shall mail copies oF such notice in the manner pr�cribed by <br />applicable law to Borrower and to the other persons prescribed by applicable law. After the time <br />r�uired b� applicable law, TYust� shall give public notice of sale to the 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 7 ruste,e 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 S�urity 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.S.C. 3751 et seq.) by <br />requesting a for�losure commissioner designat� under the Act to commence for�losure and to sell <br />the Property as provided in the Ac� Nothing in the preceding sentence shall deprive the S�retary of <br />any rights otherwise available to a Lender under this Paragraph 18 or applieable law. <br />iTpon r�pt of payment of t�e price bid, Trustee shall de�iver to the purchaser Trustee's deed <br />canveying the Property. T6e recitals in the Trustee's deed shall be prima facie evidence of the truth of <br />the statemeats made therein. Tr�stee shail apply the procceds of the sale in the following order: (a) to <br />all �sts aud expenses of ezercisiag the power of sale, and the sale, inclvding the payment of the <br />Tc�tee's fees acte�ally inc�rred and reasonable attorneys' fexs as permitted by Applicable Law; (b) to <br />all su� secured by this 5ecurity instniment; and (c) any excess to the person or perso�s legally <br />�tiitl� to rt. <br />19. Reconveyance. Upon payment of all sums s�ured by this Security Instrument, Lender shall request <br />Trustee to reconvey the Progerty and shall surrender this Security Instrument and all notes evidencing debt <br />secured by this Security Tnstcvmern to Trustee. Trustee shall reconvey the Property without warranty and <br />without chatge to the person or persons legally entitled to it. Such person or persons shall pay any <br />re�ordation costs. <br />20. Su6stitute Trustee. Lender, at its option, may from time to time remove Trustee and apgoint 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 shall succeed to all the <br />ride, power and duties conferred upon Trustee herein and by applicable law. <br />21. Request for Notices. Borrower requests that copies of the notices 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 aze executed by Borrower and r�orded <br />together with this Security Insm�ment, the covenants of each such rider shall be incorporated into and shall <br />amend and supplement the covenants and agrcements of this Security Instrument as if the rider(s) were a part <br />of this Security Instrument. [Che,ck applicable box(es)]. <br />� Condominium Rider 0 Growing Equity Rider � Other [specify] <br />� Planned Unit Development Rider 0 Graduated Payment Rider N I FA F o r m E-1 <br />FHA Deed of Trust-NE 4/96 <br />VMP Q VMP4RINE) (11091 <br />Wokers Kluwer Financial Services Page 8 of 10 <br />c <br />� �. �' V .. <br />i � i n <br />