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201300476 <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,Trustee shall give public notice of sale to the persons and in the manner <br /> prescribed by applicable law.Trustee,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 by public announcement at the time and 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 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 foreclosure 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 receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed <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 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 Instrument; and(c)any excess to the person or persons legally <br /> entitled to it. <br /> 19. Reconveyance.Upon payment of all sums secured by this Security Instrument, Lender shall request <br /> Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt <br /> secured by this Security 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 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 /> Instrument is recorded. Without conveyance of the Property,the successor trustee shall succeed to all the <br /> title,power and duties conferred upon Trustee herein and by applicable law. <br /> 21. Requestfor Notices.Borrower requests that copies of the notices of default and sale be sent to Borrower's <br /> address which is the Property Address. <br /> 22. Riders to this Security Instrument.If one or more riders are 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 agreements of this Security Instrument as if the rider(s)were a part <br /> of this Security Instrument. [Check applicable box(es)]. <br /> Condominium Rider U Growing Equity Rider ® Other[specify] <br /> I I Planned Unit Development Rider 0 Graduated Payment Rider Legal Attached Revised 4/96 <br /> FHA Mortgage WITH cSe 8I 0 3I I�LI II I�IIII VIII II II III II III VMP4N(N Paf 0 Wolte Kluwer Financial Services ge S o <br /> 5532266 3 3355 088810 <br />