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201208107 <br /> If the power of sale is imoked,Trustee s6a11 record a notice of default in eacN 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[o the persons and in the manner <br /> prescribed by applicable law.Trustee,without demaod ou Borrower,s6a11 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[ime aud 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 Secretary may invoke the nonjudicial power oi sale <br /> provided in the Single Family Mortgage ForeclosureAct of 1994 ("Acf')(12 C.S.C. 3751 et seqJ by <br /> requestiug a foreclosure commissioner designated under the Act to commence foreclosure and to sell <br /> the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary o( <br /> any rigLts otherwise available ro a Lender under this Paragraph 18 or applicable law. <br /> Upon receipt of payment oS the price bid,Trustee shall deliver to the purchaser Trustee's deed <br /> conveying the Property.T6e recitals in the Trustee's deed 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 payment of the <br /> Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b)to <br /> all sums secured by this Security Instruroent; and (c) any excess to the person or persons legally <br /> euti[led to it. <br /> 19. Reeonveyance.Upon payment of all sums scwrcd by this Sccurity Instrument, Lendcr shall request <br /> Trustee to reconvey the Property and shall surrender this Sccu�iry Instrument and all notes evidencing debt <br /> secured by this Secucity Instrument to Tnistee. Trustee shall reconvey the Property without warranty and <br /> without charge to the person or persons legally entitled to it Such person ar persous shall pay any <br /> recordation costs. <br /> 20. SubStituteTrustee.Lender, at its option, may from time to time remove Trustec and appoint a suceessor <br /> trustee to any Trustee appoin[ed hereunder by an instiument recorded in the county in which this Secttrity <br /> Instrument is recorded. Without conveyance of the Property,the successor trustee shall sncceed to all the <br /> [itle,power and dutics conferred upon Trustee hcrcin and by applicable law. <br /> 21. Requestfor Notiees.Rorrower rcqucsts that copics of the notices of default and salc be sent to Borrowcr's <br /> address which is the Property Address. <br /> 22. Rlde►Sto this SeCurity Instr'ument.If one or more ridcrs are executcd by Borrower and recorded <br /> rogether with this Security Instrument,the covenants of each such rider shall be incorporated into and shall <br /> amend and supplemcnt the covcnants and agrecments of this Security Instrument as if the rider(s)were a part <br /> of this Secu�ity InsYrument [Check applicable box(es)]_ <br /> 0 Condominium Rider � Growing Equity Rider � Other speeify] <br /> � Planncd Unit Development Rider 0 Graduated Payment Rider �e9d� P,t�dCh2d <br /> VMP��ageWITHME�-NE IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII RGS VMP4N(NPa9�eeof� <br /> Wolters Kluwer Financial Sercices <br /> q03309003832 0233 373 0810 <br />