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20i20�2 If the power of sale is invoked, Trastee shall record a notice of default in each connty in wluch any part of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other gersons prescribed by applicable law. After the fame r�nired by applicable law, Trustee shall give public notice of sale to the persons and in the manner pr�cribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public anction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determin�. Trustee may postpone sale of all or any parcel of the Property by pnblic annonncement at the time and place of any previously schednled sale. Lender or its d�ignee may purchase the Property at any sale. If the Lender's inter�t in this Secnrity Instrument is held by the Secretary and the Secretary requir� immediate payment in fnll under Paragraph 9, the Secretary may invoke the non,judicial power of sale provided in the Single Family Mortgage ForeclosnreAct of 1994 ("Act") (12 U.S.C. 3751 et seq.) by r�uestu�g a for�losure commissioner desigaated under the Act to commence foreclosnre and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender nnder this Paragraph 18 or applicable law. Ugon receipt of payment of the price bid, Trastee shall deliver to the pnrchaser Trastee's deed conveying the Property. The recitaLs in the Trustee's deed shall be pruna facie evidence of the truth of the statements made therein. Trastee shall apply the proceeds of the sale in the following order: (a) to all costs and expens� of exercising the power of sale, and the sale, inclnding the payment of the Trastee's fe� actually incurred, not to exceed . 000 % of the principal amount of the note at the fame of the declaration of default, and reasonable attorneys' fe� as permitted by law; (b) to all sums secnred by this Secnrity Instroment; and (c) any ezc�s to the person or persons legally entitled to it. 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Properly without warranty and without charge to the person or persons legally entifled 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 5ecurity Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Properiy Address. 22. Riders to this Security Instrument. If one or more riders aze executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)]. 0 Condominium Rider 0 Growing Equity Rider 0 Other [specify] 0 Planned Unit Development Rider 0 Gra.duated Payment Rider FHA Dead of Tnret-NE 4/86 VMP � VMP4RINE) 11106►.00 Woltars Kluwer Finenclal Sarvicas Pege B o} 10