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2v��oss�� <br />If the power of sale is in�oked, Trastee shall record a notice of default in each county in wlrich any <br />part of the Progerty is located and shall mail copies of such notice in the manner pr�cribed by <br />applicable law to Borrower and to the other persons prescribed by applicable law. After the time <br />required by applicable law, Trustee ahall give public notice of sale to the persons and in the manner <br />pr�cribed by applicable law. Trustee, withont demand on Borrower, shall sell the Property at pnblic <br />anction 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 Ttvstee determines. Trustee may postpone sale of all or any <br />parcel of the Property by pnblic announcement at the time and place of any previously schednled sale. <br />Lender or its designee may pnrchase the Property at any sale. <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary reqnires <br />immediate payment in full under Paragraph 9, the Secretary may intvoke the noqjudicial power of eale <br />provided in the Single Family Mortgage ForeclosureAct of 1994 ("Act") (12 U.S.C. 3751 et seq.) by <br />reqnesting a foreclosnre commissioner designated nnder the Act to commence foreclosure and to sell <br />the Property as provided in the Ac� Notlung in the pr�eding sentence shall deprive the Secretary of <br />any rights otherwise available to a Lender nnder this Paragraph 18 or applicable law. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <br />conoeying the Property. The recitals in the Trnstee's deed shall be prima facie evidence of the trath of <br />the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to <br />all costs and e�senses of exercising the power of sale, and the sale, inclnding the payment of the <br />Trustee's fe� actually incurred, not to exceed . 000 % of the principal amount of <br />the note at the time of the declaration of default, and reasonable attorneys' fe� as permitted by law; <br />(b) to all sums secured by this Security Instrament; and (c) any exce.es to the gerson or persons legally <br />entitled to it. <br />19. Reconveyance. Upon 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 Properiy without warranty and <br />without charge 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 all the <br />tifle, 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 Borrower's <br />address which is the Property Address. <br />22. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded <br />together with this Security Instrument, the covenants of each such rider shall be incorporated into and sha11 <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 0 Other [specify] <br />0 Planned Unit Development Rider 0 Graduated Payment Rider <br />FHA Dead af Trust-NE 4/88 <br />VMP � VMP4RINE) 111061.00 <br />Wolters Kluwer Flnancfal Servicas Page 6 of 10 <br />