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201209696 If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such naflce in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the dme reqaired by applicable law, Trustee shall give publlc notice of sale to t6e persone and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the Hme and piace and ander the terros designated in the noNce of sale in one or more parcels and in any order Trustee determines. Truatee may postpone ssle of all or any parcel of the Property by public aonouncement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. If the Lender's interest in this Security Instrument is held hy the Secretary aud the Secretary requires immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994("Act'�(12 U.S.C. 3751 et seq.)by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the AM. Nothing in the preceding sentence shall deprive the Secretary of any righta otherwise available to a Lender under tlus Paragraph 18 or applicable law. Upon receipt of payment of the price bid, Trustee shall deHver to the purchaser Trustee's deed wnveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of t6e statements made therein. Trustee shall apply the pmceeds of the sale in the following order: (a)to all costs and ezpenses of exercising the power of sale, and the sale, including the payment of the Trastee's Feea actually incurred and reasonable attomeys' fces as permitted by Applicable Law; (b)to all sums secured by this Security Instruroent; and(c)any excess to the person or peraons legally entlUed to it. 19. I�Convey8nce. Upon paymeeit of all sums secured hy tlris Security Ins[rument, Lender shall request Trustee to reconvey the Property and shall surrender tltis Security Instrument and all notes evidaicing debt secured hy this Security Instrwnent to Trus[ee. Trustee sha11 reconvey the Property without warranty and without charge to tlie person or persons legally entitled to it. S�ch person or persons shall pay any recordation costs. 20. SuhatNute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee ro any Trustee appointed hereunder by an instrument recorded in the counry in wtuch ttus Security 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. 27. I�quest for Notices. Borrower requests that copies of the notices of default and sale be sent to E3orrower's address which is the Praperty Address 22. Riders to this Security Instrument. If one or more riders are 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 Insu•ument as if the rider(s)were a part of this Security Insmiment. [Check applicable box(es)]. � Condominium Rider � Growing Fquity Rider 0 Other[specify] ❑ Planned Unit Development Rider � Csraduated Payment Rider 2300Y88820 D V4NNE FHA Martgpe WITH MEHSNE Hevieed 4/99 VMP;v) � VMP4N(NE�(11091 Waltxs Kluwx Flnenciel Services Pepe 8 ot 10