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<br /> 97- 1105'?'1 �_
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<br /> �•�+����`� 18. Foreclosure Procedure.U Lender requires tmmediste payment in full under paregraph 9, LeRder may
<br /> � ��,w�r��' Invoke the power of sale and uny other remedles permitted by uppilcable law.Lender st�a11 be entttled to collect
<br />� aU expenses Incucred in pursuing the remedies under thts paragraph 18, including, but not Umited to,
<br /> � reasonAble attorneys'tees and costs ot title evideace.
<br /> ,; I[the power of sale Is invoked� Trustce shaU record A notice ot detault in each county in which any part�f
<br /> : the Nwperty Is locatcd uad shaU meil copies of such notice in the manner prescribed by appllcabte law to
<br /> ?; Borrower and to tt.e other persoas prescrlbed by appltcable law. After the tlme requlred by appltcable law,
<br /> . � � Truscee shaq give publie notice of s�le to the pecsons and in the manner prescribed by applicable law.Trustee,
<br /> � . w[tlaut demand on Borrower, shall sell the Property at public auctton to the hlghest bidder at the tirae and
<br /> place and under the terms designated in the notice of sale in one or mo�re parcels and in any order Trustee
<br />": „� determines.Tcostee ms�Y P�Pone sale ot all or any parcel of the Property by public announcement At the time
<br /> and place ot any previously scheduled sAle.Lender or its des(gnee may purchase the Property at any ss�le.
<br /> Ii the I.ender's interest in thls Secur[ty L�shvment is held by th¢ Secretary and the Secretary requtres
<br /> ' Immedlttte paymeat In full under Paragr+tph 9, the Secretary may invoke the nonJud(cial power of sale
<br /> provided in the Single Famlly Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C.3751 et req.)by requesting
<br /> ' a foreclasure commissioner destguated under the Act to commence foreclosure and to sell tde Property as
<br /> provided in the Act. NotWng in the preceding sentence shall deprive the Secretury of any rig6fa otherwise
<br /> av�llable to x Lender under thia Pars►graph 18 or applicable law.
<br /> . '>� Upon receipt ot�Ayment ot the price bid,Trustee sdall del[vec to the purchaser Trustce's deed coaveying
<br /> the Property. T6e rec[tals In the Trustce's deed shAll be prtma [acie evidence of the truth oi the statanents
<br /> made therein.Trustee shall upply the proceeds of the sAle in the tollowing order:(a)to all costs and expeages uf
<br /> • . ��., exenising the power of s�►le,and the sale,iacluding the paymeat of t6e Trustee's fees actwdly Incurred,aot to
<br /> excad f 1 Ve 96 ot the principal amouat o[the note at the time ot the declaration of de[QUIt�
<br /> pnd rwsonabte pttorneysS iee�w���u.f:i�:b3'=a^+ i�s2=a:�!°'°:�s s�t�'°-'!�Y thia Gr.urttv Iastrument:ond(c)
<br /> • any excess to the�►erson or persans legaUy entititd to it.
<br />„°•. 19.Reconveyaace.Upon payment of all sums secured by this Sacurlty Instrument,Lender shall request Trustea
<br /> ' to ncoavey che PropertY and ghall surrender this Sxudry Instrumcnt and all notes evideacing debt secured by this
<br />_,. . Security Instrument to Trustee. Trustee shall reconvey the Properry without warranty and without charge to the
<br /> �,�, penoa or persuns legally entitled to it.Such person or persons shall pay any recordation costs.
<br /> j 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 Sceuriry Instcutnent
<br /> . ,,.,
<br /> � . is recorded.Without conveyavce of the Pro�erry.the succ:essor trustee shall succeed to all the tiQe,power and dut es
<br /> "```"';" � conferred upon Trustee herein and by applicable law.
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<br /> -.�.F 21.Request for Notices.Borrower re�uests that copies of the notices of default and sale be sent to Borrower's
<br />— :� addtess which is the Propeny Address.
<br /> '" � 22.Itiders to this Securt4y Instrument.If one or more riders are executed by Borrower and recorded together
<br />- _ � . .� . with this Security Instnunent, the covenants of each such rider shall be incorporated into aad shall amend and
<br /> � •- - supplement the covenants and agreements of this Security Instrument as if the rider(s) were a part of this Security
<br />_ . � Instrument. [Check appl[cable box(es)�.
<br /> � ❑ Condominium Rider 0 Growing Equtty Ridcr � Other [specify]
<br /> • ❑ Planned Unit Development Rider 0 Gradua*.ed Payment Rider
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