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20120553� If the power of sale is invoked, Trustee sha11 record a notice af default in ea,ch county in which any part of the Property is Ioca.ted and shall mail copies of such notice in the manner prescribed by applica.ble law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give pabtic notice of sale to the persons and in the ma.nner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and ander the terms designa.ted in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone 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 Secreta.ry requires immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudiciaJ power of sale provided in the Single Famity Mortgage Foreclosure Act of 2994 ("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 Act. Nothing in the preceding sentence sha11 deprive the Secretary of any rights otherwese available to a Lender under this Paragraph 18 or applicable law. Upon receipt of payment of the price bid, Trust� 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. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sa1e, and the sale, including the payment of the Trustee's fees actually incurred, not to exceed . 0 0 0% of the princSpal amount of the note at the Nme of the declaration of default, and reasonable attorneys' fees 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 Securiry Instrument, Lender shall request Trustee to reconvey the Properry and shall surrender this Security Instrument and all notes evidencing debt secured by this Securiry Instrument to Trustee. Trustee shall reconvey the Property without warranty and withont charge to the persan or persons legally entitled to it. Such person or persons shall pay any recordation costs. 20. 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 Instrument is racorded. Without conveyance of the Property, the successor trustee shall succeed to a11 the title, power and duties conferred upon Trustee herein and by applicable law. 29 . Request for Notices. Barrower requests that copies of the notices of default and sale be sent to $orrower's address which is the Property Address. 22. Riders to this Security Instrument. If one or more riders are executed by Borrowex and recorded together with khis Securiry Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Securiry Tnstrumant as if the rider(s) were a part of this Security Instrument. [Check applicable box(es}]. � Condominium Rider 0 Growing Equiry Rider � Other [specify] 0 Planned Unit Development Rider � Graduated Payment Rider FHA Deed of Trust-NE VMP 0 Woltere Kluwer Finencial Servicee 4/B8 VMP4RfNE1 11106).00 PaBa 8 of 70