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tio��a9��� <br />If the power of sale is invoked, Trustee shall r�ord a notice of default in each county in wt►ich 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 noNce of sale to the persons and in the manner <br />prescril� by applicable law. Tn�stee, without 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 6y 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 Secretary and the Secretary requires <br />immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale <br />provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by <br />requesting a foreclosure commissioner designated under the Act to commence for�losure and to sell <br />the Property as provided in the Act. Nothing 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 r�eipt of payment of the price bid, Trustee shall deliver to the purchaser Trust�'s dced <br />conveying the Property. The 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 elcercising the power of sale, and the sale, including the payment of the <br />Tre�stee's fees actually incurred and reasonable attomeys' fces as permitted by Applicable Law; (t�) to <br />all sums s�ured by this Security Instrument; and (c) any excess to the person or persons legally <br />entitle�i to it. <br />19. Reconveyance. Upon payment of ali sums secured by this Security Instrument, Lender shall request <br />Truste,e to re�anvey the Property and shall surrender this Security Instrument and all notes evidencing debt <br />s�ured by t�tis S�tuity Instrument to Trustee. Trustee shall reconvey the Property without warranty and <br />without charge to the person or persans legally entitled to it. Such person or persons shall pay any <br />rec;ordation 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 />Inst7vment is rec;orded. Without conveyance of the Property, the successor trust� sha11 succeed to all the <br />title, power and duties confened upon Trustce herein and by applicable law. <br />21. Request for Notices. Bonower requests that copies of the notices 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 are executed by Bonower 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 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 � Growing Equity Rider � Other [specify] <br />� Planned Unit Development Rider � Graduated Payment Rider <br />FHA Deed of Trust-NE 4/96 <br />VMP � VMP4R(NE) (1109} <br />Wolters Kluwer Financiel Services Page 8 of 10 <br />