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201303483 <br /> Lender shall not be required to enter upon,take control of or maintain the Property before or after giving <br /> notice of breach to Borrower,However,Lender or a judicially appointed receiver may do so at any time <br /> there is a breach.Any application of rents shall not cure or waive any default or invalidate any other <br /> right or remedy of Lender.This assignment of rents of the Property shall terminate when the debt <br /> secured by this Security Instrument is paid in full. <br /> 20.Foreclosure Procedure.If Lender requires immediate payment-in-full under Paragraph 9, <br /> Lender may invoke the power of sale and any other remedies permitted by applicable law.Lender <br /> shall be entitled to collect all expenses incurred in pursuing the remedies provided in this <br /> Paragraph 20,including,but not limited to,reasonable attorneys'fees and costs of title evidence. <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 <br /> manner prescribed by applicable law. Trustee,without demand on Borrower,shall sell the <br /> Property at public auction to the highest bidder at the time and place and under the terms <br /> designated in the notice of sale in one ur more parcels and in ally order Trustee determines. <br /> Trustee may postpone sale of all or any parcel of the Property by public announcement at the time <br /> and place of any previously scheduled sale.Lender or its designee may purchase the Property at <br /> any sale. <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 <br /> truth of the statements made therein.Trustee shall apply the proceeds of the sale in the following <br /> order:(a)to all costs and expenses of exercising the power of sale,and the sale,including the <br /> payment of the Trustee's fees actually incurred and reasonable attorneys'fees as permitted by <br /> applicable law;(b)to all sums secured by this Security Instrument;and(c)any excess to the <br /> person or persons legally entitled to it. <br /> 21.lien Priority.The full amount secured by this Security Instrument shall have a lien priority <br /> subordinate only to the full amount secured by the First Security Instrument. <br /> 22.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 <br /> debt secured by this Security Instrument to Trustee.Trustee shall reconvey the Property without <br /> warranty to the person or persons legally entitled to it.Such person or persons shall pay any recordation <br /> costs.I.ender may charge such person or persons a fee for reconveying the Property,but only if the fee <br /> is paid to a third party(such as the Trustee)for services rendered and the charging of the fee is pennitted <br /> under applicable law. <br /> 23.Substitute Trustee.Lender,at its option,may from time to time remove Trustee and appoint a <br /> successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which <br /> this Security Instrument is recorded.Without conveyance of the Property,the successor trustee shall <br /> succeed to all the title,power and duties conferred upon Trustee herein and by applicable law. <br /> 24.Request for Notices.BORROWER HEREBY REQUESTS THAT,UNLESS OTHERWISE <br /> PRESCRIBED BY LAW,A COPY OF ANY NOTICE OF DEFAULT OR NOTICE OF SALE <br /> PURSUANT TO THE NONJUDICIAL FORECT.OSURE OF THIS DEED OF TRUST BE MAILED <br /> TO BORROWER AT BORROWER'S MAILING ADDRESS SET FORTH HEREIN. <br /> tt <br /> Page S of rU HECM Second Deed of Trust <br />