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2012057U� <br />If the power of sale is invoked,. Trustee shall ra:ord a notice oF default in each county in wluch 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 />requir� by applicable law, Trustce shall give public notice of sale to the �rsons and in the manner <br />prescribed by applicable law.lYust�, w3thout 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 designee may purchase the Property at any sale. <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires <br />immediate payment in full under Paragraph 9, the S�retary may invoke the non,iudicial power of sale <br />provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.5.C. 3751 et seq.) by <br />requesting a for�losure commissioner designated under the Act to commence foreclosure and to sell <br />the Property as provided in the Act. Nothing in the pr�eding sentence shall deprlve the Secretary of <br />any rights otherwise available to a Lender under this Paragraph 18 or applicable law. <br />Upon receipt of payment of the price bid, Trustce shall deliver to the purchaser Trustee's dced <br />conveying the Property. The r�itals in the Trustee's dced shall be prima facie evidence of the truth of <br />the statements made therein. Trustee shall apply the proceeds 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 paymeat of the <br />Trustee's fces actually incurred, not to excced . 0 0 0% of the principal amount of <br />the note at the time of the declaration of default, and reasonable attorneys' fces as permitted by law; <br />(b) to all sums secured by this Security Instrument; and (c) any exce4s to the person or persons legally <br />entitled to it. <br />7 9. Reconveyance. Ugon payment of all sums secured by this Security Instrument, 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 Trustee. Trustee shall reconvey the Property without warranty and <br />without chazge to the person or persons legally entitled 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 a11 the <br />title, power and duties conferred upon Trustee herein and by applicable law. <br />21. Requ�st for Notices. Bonower requests that copies of the notices of default and sale be sent to Borrower's <br />address which is the Property Address. <br />22. Riders to this Security Instrument. If one or more riders are executed by Bonower and recorded <br />together with tlus Security Insmiment, the covenants of each such rider shall be incorporated into and shall <br />amend and supplement the covenants and agreements of this Security Insmiment as if the rider(s) were a part <br />of this Security Instrument. [Check applicable box(es)]. <br />0 Condominium Rider 0 Growing Equity Rider � Other [specify] <br />� Planned Unit Development Rider 0 Graduated Payment Rider <br />FHA Deed of Trust-NE <br />VMP � <br />Woltera Ktuwer Financlal Services <br />/ ,'/ , <br />�'. <br />a�sa <br />VMP4RINE) (11061.00 <br />Pege 8 of 10 <br />