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201205�53 <br />If the power of sale is invok�, Trustee shall record a noHce 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 />prescribed by applicable law. Trust�, without demand on Borrower, shall sell the Property at public <br />auction to the lughest 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 determin�. Trustee may postpone sale of all or any <br />parcel of the Property by pubHc announcement at the time and place of any previously scheduled sale. <br />Lender or its design� may purchase the Property at any sale. <br />If the Lender's intere,st in this Security Instrument is held by the Secretary and the Secretary require�s <br />immediate payment in full under Paragraph 9, the Secretaiy may invoke the nonjudicial power of sale <br />provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.5.C. 3751 et seq.) by <br />requ�ting a foreclosure commissioner d�signated under the Act to commence foreclosure and to sell <br />the Property as provided in the Act. Nothing in the pr�tng sentence shall deprive the S�retary of <br />any rights othervvise available to a Lender under this Paragraph 18 or applicable law. <br />Upon r�eipt of payment of the price bid, 1Yust� shall deliver to the purchaser Trustce's deed <br />conveying the Property. The recitals in the Trustce's d�d shaA be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the procceds of the sale in the following order: (a) to <br />all costs and expenses of exercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums s�ured by this 5ecurity Instrument; and (c) any excess to the person or persons legally <br />entitled to it. <br />19. Reconveyance. Upon payment of all sums secured by this Security Insttument, Lender shall request <br />Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt <br />secured by this Security Instrument to Ttustee. Trustee shall reconvey the Property without warranty and <br />without chazge to the person or persons legally enritled to it. Such person or persons shall pay any <br />recordation costs. <br />20. Substitute Trustee. 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 conveyance 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. 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 recorded <br />together with this Security Instrument, the covenants of each such rider sha11 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 0 Growing Equity Rider � Other [specify] <br />0 Planned Unit Development Rider 0 Graduated Payment Rider <br />FHA Deed of Truat-NE 4/98 <br />VMP p VMP4R(NE) (1109) <br />Wottere Kluwer Flnancial Servicea Page 8 of 10 <br />I' <br />