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RF-RECNDED 98- 107118 98- 1354®5 A 18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies under this paragraph 18, including, '3ut not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoke,, Trustee shall record a notice of default in each county in which any part of the Property is lccated and shall mail copies of such notice in the manner, prescribed by applicable law to Borrower ::nd to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. 't'rustee, 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 snle 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. LTpon receipt of payment of the price bid, Trustee: shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. 't'rustee shall apply tha. proceeds of the sale in the fbilowing order. (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of the 'Fruatee's fees actually incurred, not to exceed 10.000 % of the principal amount of the note at the fink of the declaration of default, and reasonable attorneys' fees as permitted by law; (b) to ail sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requites immediate payment in full tinder Paragraph 9, the Secretary may invoke the nonjudicial pourer of sale provided in the Single Family ;Mortgage Foreclosure Act of 1994 ("Act") (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 pct. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a bender under this Paragraph 18 or applicable law. 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request 't'rustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Tru!ztee shall recorvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 24. 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 ln:strument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon'T'rustee herein and by applicable taw. 21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borr r fiver's addr = which is the Property Address, 22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded )gether with this Security Instrument, the covenants of each such rider shall be incorporated into and shall 'rnend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)). Condominium ) ;der [:1 Growing Equity Rider [::]Other [specify) Planned Unit Development Rider U Graduated Payment Rider a~ aRlraF,:] (9tYDf1 D 1 Per,* 7 9 In1lIAIl: r,