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��������� <br />If the power of sale is invoked, Trustee shall record a notice of default in each 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, Trust� shall give public notice of sale to the persons and in the manner <br />prescrit�d by applicable law. 1�ustee, without demand on Borrower, shall sell the Property at public <br />auction to the tughest 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 �y public announcement at the time and place of any previously scheduled sale. <br />Lender or its designee may purchase the Progerty at any sale. <br />If the Lender's interest in this Security Instrument is held by the S�retary and the Secretary requires <br />immediate payment in full under Paragraph 9, the Secretaiy may invoke the noqjudicial power of sale <br />provided in the Single Family Mortgage For�losure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by <br />r�uesting a foreclosure commissioner designated under the Act to commence foreciosure and to sell <br />the Property as provided in the Act. ATothing in the preceding sentence shall deprive 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, Trustee shall deliver to the purchaser Trustee's deed <br />conveying the Property. The r�itals 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 fee.s actually incurred and reasonable attorneys' fees as permitted by Applicable Law; (b) to <br />all sums secureei by this Security Instrument; and (c) any excess to the person or persons legally <br />entiti�l to i� <br />19. Reconveyance. Upon payment of all suxns secured by this Security Instrument, Lender shall request <br />Trustee to reconvey the Property and shall su.rrender this Security Instrument and all notes evidencing debt <br />securec� by this Securit}r Instrument to Trustee. Trustee shall reconvey the Property 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 oprion, may from time to time remove Trustee and appoint a successor <br />trustee to any Trust� appointed hereunder by an instrument recorded in the county in which this Security <br />Instrument is recorded. Without conveyance of the Properly, the successor trustee shall succeed to all the <br />title, power and duries conferred upon Trustee herein and by applicable law. <br />21. Request for Notices. Borrower requests that copies of the norices of default and sale be sent to Bonower's <br />address which is the Property Address. <br />22. Riders to this Security Instrument. If one or more riders aze executed by Borrower and recorded <br />together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall <br />amend and supplement the covenants and agr�ments of this Security Instrument 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 />0 Planned Unit Development Rider � Graduated Payment Rider <br />FHA Deed of Trust-NE 4I96 <br />VMP � VMP4RINE) (1109) <br />Wolters Kluwer Financial Services Page 8 of 10 <br />