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201 20545� <br />If the power of sale is invoked,l�vstee 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 noHce in the manner prescribed by <br />applicable law to Borrower and to the other �rsons prescribed by applicable law. After the time <br />require,tl by applicable law, Trustee shall give public notice of sale to the persons and in the manner <br />prescri6ed by applicable law. Trust�, 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 Property by public announcement at the time and place of any previously scheduled sale. <br />Lender or its desiguee may purchase the Property at any sale. <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Se.cretary requires <br />immediate payment in full under Paragraph 9, the Secretary may invoke the noqjudicial power of sale <br />provid� in the Single Family Mortgage For�losure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by <br />requesting a foreclosure commissioner designated under the Act to commence for�losure and to sell <br />the Property as prnvidecl in the Aet. Nothing in the pr�eding sentence shall deprive the Secretary of <br />any rights otherwise available to a Lender under this Paragraph 18 or applicable law. <br />Upon r�eipt of pay�ent of the price bid, Trustee shall deliver to the purchaser Tn�stee's deed <br />conveying the Prc►perty. The recitals in the Trustee's deed shall be prima facie evidence of the truth of <br />the statements made therein. Trnst� shall apply the proceeds of the sale in the following order: (a) ta <br />all costs and expenses of ezercising the power of sale, and the sale, including the payment of the <br />Trustee's fees actu�lly incurred and reasanable attorneys' fces as permitt� by Applicable Iaw; (b) to <br />alt su�s secured by tt�is Security Instniment; and (c) any ea�cess to the person or pesso� legally <br />entat� to it. <br />19. Reconveyance. Upon payment of all sums s�ur� by tius S�urity Instrument, Lender shall request <br />Trustee to reconvey the Property and shall surrender this Security Instcvment and all notes evidencing debt <br />secured by this Security Tnstrument to Trustce. Trustee shall reconvey the Property without warranty and <br />without charge to the person or persons legally entided to it. Such person or persons shall pay any <br />re.cordation costs. <br />20. Substitute Trustee. I.ender, at its option, may from time to time remove Trustee and appoint a successor <br />truste,e to any Trust� appointed hereunder by an instrument re,corded in the county in which this Security <br />Instrument is recorded. Without conveyance of the Properiy, the successor trust� shall succee� to all the <br />titte, gower 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 ex�uted by Borrower and rec:orded <br />together with this Security Instniment, 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 ttris Security Instrument. [Che,ck applicable box(es)]. <br />0 Condominium Rider 0 Growing Equity Rider 0 Other [specify] <br />� Planned Unit Development Rider 0 Graduated Payment Rider <br />FHA Deed of Trust-NE 4/96 <br />VMP p VMP4R(NE) (1109) <br />Wolters Kluwer Financial Services Page 8 of 10 <br />